Who is behind offshore diamond newcomer LK Mining?
Behind the unfamiliar name of LK Mining, a company is in the process of obtaining an underwater diamond mining licence off the coast of Namibia. It is run by an industry veteran who is looking to carve out a niche in a sector that's dominated by giants. [...]
Investors rush to open refineries and apply for trading licences as gold prices stay high
Thanks to the boom in gold prices, two new gold refineries are set to open in Ghana, while applications for gold trading licences are increasing and local traders are opening companies in Dubai to market their stocks. [...]
EarthSource lawyers denounce SEC methods in diamond fraud case
EarthSource and its executives, accused by the US financial regulator of defrauding investors in a diamond trading project in Liberia, have admitted fault. But their lawyers say they were not given enough time to respond to the charges, and have asked for a delay in sentencing and execution of their sentence. [...]