African Union to launch African Minerals Development Centre and Commodities Strategy; Johannesburg, South Africa – The African Union is to launch an African Minerals Development Centre so as to ensure that African Governments are better equipped to negotiate better mining and exploration terms and contracts. This emerged at the second edition of the Junior Indaba, …
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Who are the Diamond Producing Countries? Diamonds are mined in 24 different countries know as diamond producing countries. Group 1 countries produce the fewest pure gem quality diamonds. They mainly produce industrial diamonds and near-gem quality diamonds destined for fashion jewelry markets. Group 2 countries produce the largest number of commercial grade diamonds mainly destined …
Trans Hex is expected to report Loss: Trans Hex is currently finalizing its results for the 12 months ended 31 March 2017 (“Results”), which are expected to be released on SENS on or about 20 June 2017. Results in this trading statement are compared with results for the 12 months ended 31 March 2016 (“Previous …
Petra Diamonds Petra Diamonds reported revenue slumped 28 percent year on year to $154 million in the first half that ended December 31. Excluding exceptional precious stones, sales dived 18 percent to $144 million. Production rose 2 percent from a year ago to 1.6 million carats, above the company’s target of 1.5 million carats, according …
