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Entries in mining (5)

Sunday
Nov062011

In Memoriam 

‘Commiseration’ is what someone offered me at the news that the Oppenheimers were leaving De Beers.

The idea that I might miss such an easy target to have the odd pop shot at when bored had not been my first reaction, and I pointed out that I enjoyed reading obituaries and looked forward to writing this one.

Also, I must say I can hardly feel sorry for someone who has managed to sell their stake in a company for $5.1 billion in cash, and it actually makes me wonder who felt under more pressure.

De Beers was, I recall, valued at $19 billion when it was privatised in 2001, so

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Wednesday
Sep072011

Zimbabwe Says Rio Mine Complies With Law While Impala Platinum Unit Fails

Rio Tinto Group’s Murowa diamond mine is among 45 operations that have met Zimbabwean demands to increase ownership by black citizens, while an Impala Platinum Holdings Ltd. (IMP) unit failed to meet requirements, according to Indigenization Minister Saviour Kasukuwere.

 

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Sunday
Aug282011

ALROSA'S DIAMOND SALES FOR FIRST HALF TOTAL $2.2 BILLION

Russia's government-owned diamond producer is reporting sales of rough and polished diamonds of $2.2 billion for the first half of 2011. 

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Wednesday
Aug242011

BHP BILLITON'S DIAMOND REVENUE UP 19.3%

Mining giant BHP Billiton's revenue fromdiamonds totaled $1.517 billion in the financial year ending June 30, 2011, an increase of 19.3% compared to FY 2010.

 

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Thursday
Aug182011

Junior miners shift focus from exploration to high-end production

For junior miners, success used to mean finding the rough diamond resource, and then being bought out or becoming a joint venture partner with a major producer. But the new generation of junior miners prefer to go it alone.

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