IBTimes Australia : De Beers Topic

Can Diamonds Outlive India's Gold Obsession?

Mon, 28 Jan 2013 21:23:54 +1100

Socio-economic development and gold's relative high price are prompting more Indians to turn to diamonds.

Anglo American Share Price up as Q3 Production Rises

Thu, 25 Oct 2012 22:56:24 +1100

Shares in Anglo American were up on the FTSE 100 in afternoon trading after the mining group reported significant increases in production during the third quarter ended 30 September.

Anglo Disappoints With Profit Drop, Brazil Delay

Fri, 27 Jul 2012 22:27:09 +1000

Anglo American posted a steeper-than-expected drop in profits as faltering global economic growth hit prices, and the miner sparked further disappointment with a delay of at least 12 months for its trouble-prone Brazilian iron ore project.

South Africa: Zuma Blames 'White Control' For Economic Woes, While Bidding For Second Term

Thu, 28 Jun 2012 02:20:58 +1000

“The time has come to do something more drastic toward economic transformation and freedom,” Zuma said.

Whites Still Control South Africa’s Economy: Jacob Zuma

Wed, 27 Jun 2012 02:47:46 +1000

Zuma’s ruling party has proposed that the nation’s key mining sector pay more in taxes to finance social spending and also wants to encourage state-owned enterprises to create more jobs.

De Beers won't bid for BHP's stake in Ekati - sources

Sat, 16 Jun 2012 08:28:02 +1000

De Beers, the world's largest diamond miner, considered a bid for BHP Billiton's 80 percent stake in the EKATI diamond mine, but it has decided not to submit an offer for the asset, according to multiple sources involved in the process.

Diamond Mine Collapse Kills 'At Least' 3 in South Africa

Thu, 24 May 2012 06:05:25 +1000

The accident happened in an area formerly operated by diamond giants De Beers.

At least 3 illegal diamond miners die in S.Africa

Thu, 24 May 2012 01:55:19 +1000

At least three illegal miners were killed and 18 others trapped underground when a tunnel collapsed in a disused diamond mine in South Africa's Northern Cape province, police said on Wednesday.

De Beers, Valentino and Other Designers Celebrate Queen's Diamond Jubilee at Harrods

Tue, 15 May 2012 15:41:16 +1000

Exclusively-created ballgowns by Erdem, Marchesa, Ralph & Russo, Carolina Herrera, Valentino, Jenny Packham and Elie Saab will also be on display.

Botswana’s Bushmen: The World’s Last Surviving Hunter Gatherers [SLIDESHOW]

Thu, 10 May 2012 23:24:30 +1000

The Bushmen or San are one of the last surviving hunter gatherers in the world. They inhabit the Central Kalahari Game Reserve (CKGR) in the Kalahari Desert of Botswana and genetically are the closest tribe to human ancestors.

Diamonds not forever: Rio Tinto may sell business

Tue, 27 Mar 2012 17:21:02 +1100

Rio Tinto , the world's third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at $1.2 billion (752 million pounds) , and joined rival BHP Billiton in backing away from a business that has lost its sparkle.

FTSE hit by fresh stumble in Greek aid talks

Sat, 11 Feb 2012 04:35:10 +1100

The leading share index closed lower and posted its worst week for two months after fresh Greek political drama around the terms of its second bailout package fuelled selling of cyclical stocks and brought fresh technical support into sight.

Miners lead FTSE down on Greek, China worries

Fri, 10 Feb 2012 20:49:04 +1100

Miners led Britain's top share index lower early on Friday, after weak trade data from China and anxiety over Greece's austerity deal clouded the outlook in the sector and weighed on investors' sentiment.

People Don’t Buy Gold to Make Money; They Buy It Because They Have Money

Sat, 14 Jan 2012 00:20:38 +1100

You heard the saying, but what does it really mean? We live in a world where performance is stressed.

S.Africa C.bank to manage Anglo/De Beers inflows

Fri, 11 Nov 2011 05:48:45 +1100

The South African Reserve Bank will "manage" any inflows related to a $5.1 billion deal between Anglo American and De Beers to mitigate any impact on the rand currency, it said on Thursday.

London jeweler Graff plans $1 billion HK IPO

Thu, 10 Nov 2011 01:28:51 +1100

London-based jeweler Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move that could fund expansion in Asia and capitalize on booming gem prices.

Anglo-American to Take Control of Iconic Diamond Company De Beers

Sun, 06 Nov 2011 05:30:34 +1100

t the closing of the deal, Anglo-American will have an 85 percent in stake in De Beers, the largest diamond distributor in the world.

FTSE pares gains on EFSF uncertainty

Fri, 04 Nov 2011 23:35:03 +1100

The FTSE 100 pared gains by midday on Friday as doubts resurfaced about Europe's bailout package, while the prospect of an imminent Greek meltdown appeared to have been averted.

Anglo American to Hold 85 % Stake in De Beers

Fri, 04 Nov 2011 22:58:52 +1100

Anglo American Plc is set to increase its stake in De Beers by buying out the Oppenheimer family’s holdings in the company for a 3.1 billion pounds ($5.1 billion) deal.

De Beers says signs £1 billion debt deal

Wed, 02 Nov 2011 03:28:01 +1100

Diamond producer De Beers, 45 percent owned by miner Anglo American , has signed a $2 billion (1 billion pound) debt deal to refinance existing debt and fund growth.

Rough diamond demand growth to hit record

Mon, 19 Sep 2011 18:25:12 +1000

Diamond producer De Beers expects global demand growth for rough diamonds to set a new record this year on the exceptionally strong performance of its key U.S. market and robust demand in China and India, the head of the company's distribution arm said.

De Beers in New Contract with Botswana

Fri, 16 Sep 2011 22:00:12 +1000

Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with the government of Botswana.

S.Africa plans to dig deep on mine overhaul study

Wed, 24 Aug 2011 04:53:05 +1000

South Africa plans to complete by the end of the year a study on how to use its vast mineral wealth to fight widespread poverty and this will figure into the ruling ANC's policy discussions on nationalisation, a top ANC official said on Tuesday.

De Beers Sign Deal Ending Union Strike

Fri, 05 Aug 2011 09:15:53 +1000

Diamond producer De Beers announced on Thursday it had signed a two-year wage deal with South Africa's National Union of Mineworkers, putting an end to a 14-day strike.

De Beers, S.Africa union sign deal to end strike

Fri, 05 Aug 2011 04:22:47 +1000

Diamond producer De Beers, 45 percent owned by global miner Anglo American , said on Thursday it had signed a two-year wage deal with South Africa's National Union of Mineworkers, ending a 14-day strike.

South African Striking Gold Mines Agree to Wage Deal

Wed, 03 Aug 2011 06:08:25 +1000

Unions and employers reached a two-year wage settlement on Tuesday, ending a five-day strike in South Africa’s gold mining sector, urging miners to return to work by the end of the week.

S.Africa's Eskom hikes pay offer to ward off strike

Sat, 23 Jul 2011 00:58:47 +1000

South Africa's power utility Eskom on Friday increased its wage offer to unionised workers, trying to head off a strike that could cut power to Africa's largest economy.

South African strikes spread to diamond sector

Thu, 21 Jul 2011 02:39:04 +1000

Unionised workers of diamond miner De Beers in South Africa said on Wednesday they will go on strike this Friday while coal miners were in mediation to head off a stoppage that could disrupt power supplies in Africa's largest economy.

Namibia 5-months diamond, uranium output down

Sat, 09 Jul 2011 02:52:19 +1000

Namibia's diamond output fell nearly 9 percent in the first five months of this year, Ministry of Mines and Energy figures released by broking firm IJG showed on Friday.

How Does a Women's Best Friend Compare as an Asset Class?

Thu, 02 Jun 2011 05:28:02 +1000

It should be quite clear for those who live outside the Matrix what the long term solution for the U.S. debt load will be - stealth default.� That is weakening the dollar over the long run, and paying back our creditors in dollars worth (far) less than they are today.� All the while govern.