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Diamonds News

Botswana Diamonds raises £500 000 for exploration

By: Anine Kilian     Updated 6 hours ago Aim-listed Botswana Diamonds has raised £500 000 through the placing of 33.33-million new ordinary shares with new and existing investors at 1.5p apiece. The placing shares represented 9.9% of the company's issued share capital. The net proceeds of the placing would be used to fund ongoing... 

Lesotho aiming to be a major diamond producer in next few years

By: Ilan Solomons The mining industry in Lesotho is still in its infancy, but it is developing and has a lot of potential, says Lesotho Mining Minister Lebohang Thotanyana. In 2015, Lesotho adopted the Minerals and Mining Policy – the first time that the country has developed a policy specifically focused on its... 

Lesotho aiming to be a major diamond producer in next few years

Plea for adequate support and protection for pregnant mineworkers

By: Ilan Solomons Mining companies’ pregnancy polices need to guide mine management teams and protect the health and safety of pregnant female employees, says diamond mining group Petra Diamonds operational foreman Kagiso Mothoa. These policies must include protection measures for pregnant employees, the risks and... 

Plea for adequate support and protection  for pregnant mineworkers
RETHINK REQUIRED Companies need to review their current working environments and implement protective measures and make adjustments to protect pregnant women

Surface mining equipment market boost

Based on a report by global market research and consulting service provider Global Market Insights (GMI), the surface mining equipment market is likely to be valued at $28.97-billion by 2022. The company notes in a press release in April that the flourishing demand for metallic ore as well as... 

Surface mining equipment market boost
Photo by Bloomberg
EQUIPMENT VALUE Opencast mining equipment reduces manpower needs, as these machines offer high accuracy while cutting stable, as well as, steep surfaces

Zimnisky rough diamond price index up 2.4% in 30 days, as 2016 sales surprise

By: Henry Lazenby The Zimnisky Global Rough Diamond Price Index has indicated that rough prices have risen 2.4% over the last 30 days, which, however, does little to offset the 1.7% decline over the last six months, and 10.8% decline over the last 52 weeks. The index was up 5.4% after hitting a 52-week low on... 

Zimnisky rough diamond price index up 2.4% in 30 days, as 2016 sales surprise

Namibia, De Beers to sign new diamond sales agreement within days

By: African News Agency Global diamond mining and trading concern De Beers says it is finalising a new diamond sales agreement that will govern the disposal of diamonds from its Namdeb Mine, which is a joint venture with the Namibian government. In a briefing posted on its Report to Society 2015 bulletin released this... 

World's biggest diamond to be auctioned in London

By: Reuters Lesedi la Rona, the largest gem-quality rough diamond discovered in more than 100 years, will be auctioned in London next month and is expected to sell for $70-million, international auction house Sotheby's said on Wednesday. Ahead of the auction on June 29, the 1 190-ct diamond, its name in... 

A watershed year ahead for DiamondCorp, says CEO

By: Natasha Odendaal As Aim-listed DiamondCorp wraps up the 2015 financial year, the diamond group is looking ahead to 2016 as a watershed year that will see the company officially transition from a developer into a diamond producer. DiamondCorp, which posted a net loss of £2.41-million for 2015, also restarted the... 

Rio's Argyle Violet draws attention

By: Esmarie Swanepoel Diversified major Rio Tinto on Tuesday announced the discovery of a 2.83 carat violet diamond recovered from its Argyle mine, in Western Australia. The diamond, dubbed the Argyle Violet, was expected to be the centerpiece of the 2016 Argyle pink diamonds tender, which would start private trade... 

Lerala starts production – Kimberley Diamonds

By: Esmarie Swanepoel Diamond production from the Lerala mine, in Botswana, has started, with owner Kimberley Diamonds targeting first sales in June. The start of processing operations at the Lerala mine followed the start of openpit mining in April this year. 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Legal frameworks key to mining growth in West Africa

By: Simon Sonnekus Revised tax rules and regulations have allowed for greater competition for foreign direct investment and pressure from major donors in the West Africa mining sector, according to Pan-African arbitration and commercial litigation law firm Centurion Law Firm. Centurion Law Firm Legal services... 

Legal frameworks key to  mining growth in West Africa
Photo by Bloomberg
REMARKABLE RESERVES Africa harbours the world’s largest mineral reserves of platinum, gold, diamonds, chromite, manganese and vanadium

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector 

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

Petra lifts FY production guidance, seeks to establish JV for Kimberley assets

By: Creamer Media Reporter LSE-listed Petra Diamonds has lifted its full-year production guidance to between 3.6-million and 3.65-million carats, compared with the previous guidance of 3.3-million to 3.4-million carats, owing to the initial integration of the Kimberley Mines assets. De Beers Consolidated Mines in December... 

Rockwell sales slide as it reforms corporate structure

By: Henry Lazenby South Africa-focused diamond producer Rockwell Diamonds has seen a 45% year-on-year decline in the sales value of its precious gems to $7.13-million during the fourth quarter ended February 29, the company reported on Monday. During the period, carats sold declined by 42% year-on-year to 4 025 ct... 

Rockwell sales slide as it reforms corporate structure

Oppenheimer Blue diamond may fetch $45m at auction, says Christie's

By: Reuters The largest fancy vivid blue diamond ever to be offered at auction will form part of a dazzling jewellery sale in Geneva next month where it could possibly fetch around $45-million, according to Christie's. The rectangular-cut Oppenheimer Blue, which is measured at 14.62 ct, will take its place... 

Protests outside De Beers’ Venetia mine block roads

By: African News Agency Residents of Blouberg and former employees of Venetia Mine, owned by De Beers, on Monday protested outside the open pit mine demanding that workers be given shares in the company. The protesters, who said they want to discuss with mine management issues relating to “Ponagalo shares and trust... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall

By: Martin Creamer Diversified mining company Anglo American has produced less diamond, copper, coal, manganese alloy and niobium in the three months to March 31. Diamond production fell by 10%, copper production by 19%, export thermal coal by 13%, export metallurgical coal by 9%, Eskom coal by 8% and niobium by 13%. 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall
Mark Cutifani

Aveng Grinaker-LTA secures electrical, instrumentation work at Botswana mine

By: Creamer Media Reporter With the electrical and instrumentation work at the Letlhakane mine tailings resource treatment plant under way, Aveng Grinaker-LTA and Aveng Botswana were working to upskill local labour. During the nine-month contract at the Debswana Diamonds-owned mine, in Botswana, the company would provide... 

Alexkor still eyes coal despite operating loss

By: News24Wire State-owned diamond mining company Alexkor has not given up on plans to venture into coal mining. In 2013, the entity’s then CEO Percy Khoza said it planned to form partnerships with emerging black coal miners to diversify its operations away from diamonds, which have been in decline for a number... 

DiamondCorp invests in additional mining equipment

By: Creamer Media Reporter Dual-listed diamond mining and development company DiamondCorp has bought additional mining equipment after reporting earlier this month that it was experiencing operational issues relating to the breakdown of its existing equipment fleet at the Lace diamond mine. It has acquired an additional... 

Waugh steps up as CEO of BlueRock

By: Natasha Odendaal Diamond company BlueRock Diamonds has appointed Adam Waugh as CEO, succeeding director Riaan Visser, who was appointed CEO of the group’s sole operating subsidiary, Kareevlei Mining. Waugh, who was appointed senior independent nonexecutive director in December, was selected as part of BlueRock’s... 

Stellar Diamonds outlines long-term plans for West African projects

By: Ilan Solomons Diamond exploration and mining company Stellar Diamonds continues to develop its diamond projects in West Africa, which it intends to own and operate as functioning mines in the long term. Stellar is focused on continuing the trial mining evaluation of a 5 ha pipe at the Baoulé diamond project,... 

Stellar Diamonds outlines long-term plans  for West African projects
TRIALING TREASURERS The Baoulé trial started in November 2015 and will conclude in July, when Guinea’s rainy season generally begins

Four new hoists for Venetia

Power and automation technology company ASEA Brown Boveri (ABB) will supply four hoists to South Africa’s largest diamond producer, De Beers. 

Four new hoists for Venetia
PROLONGING PRODUCTION Two new shafts will be sunk by De Beers extending the Venetia mine's life beyond 2040

New diamond mine inaugurated in Angola

By: Keith Campbell Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new... 

Peregrine Diamonds outlines 2016 Botswana exploration work programme

By: Mia Breytenbach TSX-listed explorer Peregrine Diamonds’ 2016 planned work programme for its Botswana diamond exploration programme is expected to start this month, and will continue until late November, the company announced late last month. Peregrine’s primary assets in Botswana are 11 prospective diamond... 

Peregrine Diamonds outlines 2016 Botswana exploration  work programme
Photo by Peregrine Diamonds
WORK PLAN Peregrine Diamonds’ 2015 diamond exploration programme focused on two main target verification projects at Moralane and Malolwane, including drill testing

Firestone Diamonds’ Liqhobong crosses 72% construction completion

By: Natasha Odendaal Aim-listed diamond development company Firestone Diamonds is on track for fourth-quarter initial production from its Liqhobong diamond mine, in Lesotho, with 72% of construction completed by the end of March. The project was also within the original $185.4-million budget, with 70%, equating to... 

Botswana mining industry production slumped in third quarter 2015

By: African News Agency Botswana’s mining industry output declined alarmingly in the third quarter of 2015, with all the key sectors recording massive slumps except coal production which registered a growth rate of 18.6%, the Central Statistics Office (CSO) has revealed. In a new report released to the media in Gaborone... 

Lucapa recovers more large special, pink diamonds from Lulo

By: Samantha Herbst ASX-listed diamond miner Lucapa Diamond Company has recovered more special and fancy-coloured diamonds from its Angola-based Lulo diamond project in Angola, including a 59 ct Type I diamond and a 33 ct Type IIa D-colour gem. These were the latest trial mining recoveries from Lulo’s E46 alluvial... 

Lucapa recovers more large special, pink diamonds from Lulo

‘Reasonably positive’ diamond pricing trend continuing – Anglo

By: Martin Creamer Rough diamond sales continued their “reasonably positive” pricing trend at this year’s third sales cycle, Anglo American reported on Tuesday. The latest De Beers sale raised $43-million more than in the second sales cycle earlier this year. 

‘Reasonably positive’ diamond pricing trend continuing – Anglo
Philippe Mellier

Diamcor secures water use licence for Limpopo project

By: Anine Kilian South Africa’s Department of Water and Sanitation has granted a water-use licence (WUL) for TSX-V-listed Diamcor Mining’s Krone-Endora at Venetia project in Limpopo. The WUL, which was valid for 15 years, provided the company with the requested ability to extract 410 148 m3/y of water from seven... 

Kimberley starts mining at Botswana's Lerala diamond mine

By: Esmarie Swanepoel Openpit mining operations have started at the Lerala diamond mine, in Botswana, ASX-listed Kimberley Diamonds reported on Monday. The miner was planning first production and diamond recovery later this month, with diamond sales expected by June.  

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