Post by
peachbanana on Mar 04, 2016 11:53am
Zimbabwe
Not sure if I missed this in the threads below, but... did anyone else notice that Zimbabwe's diamond mines were all been nationalized last week?! That may be what's driving the increased demand in Canadian diamond stocks.
(most recent article): https://www.bbc.com/news/world-africa-35720912
Comment by
ekim on Mar 04, 2016 12:26pm
It could very well be related..I heard about it...but didn't think too much on it. Marange is a gongshow anyway. They've mined all the near surface, easy to get and softer material. What they have left is a little deeper and harder ground and basically uneconomic to mine. Don't think any Canadian companies are involved. LONG...PGD EKIM