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Diamonds News

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

By: Reuters     27th May 2016 Russian diamond miner Alrosa will hold investor meetings in the United States and the United Kingdom in June ahead of a stake sale, a Sberbank executive said on Friday. The Russian government aims to make more than 60-billion roubles ($909-million) from selling a 10.9% stake in Alrosa, with the... 

Cleaver is new De Beers CEO

By: Martin Creamer     27th May 2016 Bruce Cleaver, 51, is the new CEO-designate of De Beers. He will take over from Philippe Mellier on July 1. After a half-decade at the helm, Mellier, who is ten years Cleaver’s senior, has honoured his commitment to step down as CEO after five years. 

Cleaver is new De Beers CEO
Photo by Creamer Media
New CEO-designate of De Beers Bruce Cleaver

Peregrine Diamonds starts core drilling at Botswana prospect

By: Mia Breytenbach     27th May 2016 Core drilling has started this month at TSX-listed explorer Peregrine Diamonds’ 100%-owned Sikwane project in Botswana. Peregrine’s primary assets in Botswana include 11 prospective diamond prospecting licences that cover 6 613 km2. In expanding its land position in Botswana, Peregrine has... 

New acid mine water process has huge agri potential in arid areas  

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Photo by Duane Daws
Trailblazer Technolgies director John Bewsey

Christie’s to sell 24.18 ct Cullinan Dream diamond for up to $29m

By: Creamer Media Reporter      25th May 2016 Auction house Christie’s will, next month, auction off the Cullinan Dream – a 24.18 ct fancy intense blue Type IIb diamond – that is expected to sell for between $23-million and $29-million. The diamond was cut from a larger 122.52 ct diamond discovered at Petra Diamonds’ Cullinan mine, in South... 

Christie’s to sell 24.18 ct Cullinan Dream diamond for up to $29m
The cut-cornered rectangular mixed-cut fancy intense blue Cullinan Dream diamond, flanked on either side by a tapered baguette-cut diamond, weighing a combined 2.36 ct, is mounted in a size six platinum ring

Diamcor expects to complete additional boreholes at Krone-Endora by end-June

     24th May 2016 TSX-V-listed Diamcor Mining expects to have four additional boreholes at its Krone-Endora at Venetia project, in South Africa’s Limpopo province, completed by the end of the June quarter. This followed the award, last month, of a 15-year water-use licence, granting the company permission to... 

Venezuela to rejoin global group fighting conflict diamonds

By: Reuters     24th May 2016 Venezuela expects to rejoin the global watchdog established to stop trade in conflict diamonds as it seeks to resume diamond exports, its central bank director said on Tuesday. "We are certain we will rejoin this year," Jose Khan told Reuters on the sidelines of an international meeting of the... 

De Beers ‘encouraged’ by stable rough diamond demand

By: Creamer Media Reporter      24th May 2016 Although De Beers’ rough diamond sales were lower for the fourth sales cycle of this year than in the third, the diamond miner said it was “encouraged by the continued stability of demand for rough diamonds”. De Beers sold about $630-million of diamonds in the fourth sales cycle up to May 23,... 

De Beers ‘encouraged’ by stable rough diamond demand

CanAlaska gains major endorsement as De Beers gets on board with C$20.4m option

By: Henry Lazenby     20th May 2016 Explorer CanAlaska Uranium has gained a multimillion-dollar endorsement from the world’s largest crystallised-carbon producer De Beers Group of Companies, after the partners entered into an option-participation agreement for expenditures of up to C$20.4-million on kimberlite-style targets staked... 

Diavik hits 100m-carat milestone as Ekati development gathers pace

By: Henry Lazenby     20th May 2016 Canada’s largest diamond mine has reached the significant milestone of producing 100-million carats of rough diamonds since the mine started in 2003. Simon Trott, MD of Rio Tinto Diamonds, Salt & Uranium, a 60/40 joint venture between mining major Rio Tinto and Canada’s Dominion Diamond Corp,... 

Diavik hits 100m-carat milestone as Ekati development gathers pace
Photo by Reuters
Diavik, Northwest Territories

Mining licence fees now SMS-enabled in forward-striding Tanzania

By: Martin Creamer     20th May 2016 The Tanzanian online mining cadastre system now allows licence holders to request the total licence fees they owe via short message service (SMS). The addition of SMS extends the range of payment functionality that the Ministry of Energy and Minerals offers to its customers, the FlexiCadastre... 

Mining licence fees now SMS-enabled in forward-striding Tanzania
Tanzanian president John Magufuli

Russia eyes $1.3bn proceeds from Alrosa, Sovkomflot stake sales - reports

By: Reuters     20th May 2016 The Russian government aims to make over 84-billion roubles ($1.3-billion) from selling its stakes in diamond miner Alrosa and the shipping firm Sovkomflot this year, Economy Minister Alexei Ulyukayev was quoted as saying on Friday. Russia plans a major privatisation push this year in a move to... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

Transparency equals bankability, World Diamond Congress hears
World diamond top-brass Rony Unterman, Ernie Blom, Yoram Dvash, Julien Drybooms

Chinese investors interested in privatisation of Russia's Alrosa – TASS

By: Reuters     19th May 2016 Chinese investors are interested in taking part in the government sell-off of a 10.9% stake in Russian diamond miner Alrosa, the TASS news agency quoted Alrosa CEO Andrey Zharkov as saying on Thursday. Alrosa, the world's largest producer of rough diamonds in carats, competes with De Beers, a... 

Lucapa’s latest Lulo sale nets A$2.9m

By: Creamer Media Reporter      19th May 2016 ASX-listed Lucapa Diamonds has made A$2.9-million from the sale 1 862 ct of diamonds from its Lulo mine, in Angola, representing an average price of A$1 580/ct. Since the sale, Lucapa had recovered some large diamonds, which weigh more than 10.8 ct, from trial mining at the E46 alluvial terraces,... 

Blue diamond soars to world record $57.6m at Christie's

By: Reuters     19th May 2016 The Oppenheimer Blue, a large and rare diamond, sold for 56.837-million Swiss francs ($57.6-million) at an auction on Wednesday, setting a world record for any gem after a dramatic see-saw bidding process, said Christie's in Geneva. "It's the most expensive jewel ever sold at auction," Christie's... 

Diamonds no longer forever as miners seek new marketing polish

By: Reuters     18th May 2016 The Diamond Producers' Association (DPA), set up last year, to spur demand, will launch a slogan early in June to replace "diamonds are forever", viewed as one of the most successful campaigns of all time but in need of updating, it said on Wednesday. Diamond demand has stagnated, subdued by a... 

Best friends? Anglo keeps De Beers' diamonds

By: Reuters     18th May 2016 Mining group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch. The group, in which Anglo American has an 85% stake, has seen its market share... 

World diamond body emphasises need for transparency 

By: Martin Creamer     18th May 2016 Transparency, responsibility and sustainability are at the heart of the discussions at the thirty-seventh World Diamond Congress, which is taking place in Dubai. "From mining to diamond cutting and polishing, and from jewellery making to retailing, we must ensure that we’re all working in a fair... 

World diamond body emphasises need for transparency
World diamond president Ernie Blom

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

De Beers and Namibia ink new decade-long Namdeb sorting, valuation, sales accord

By: Henry Lazenby     16th May 2016 Diamond major the De Beers Group of Companies and the Namibian government have signed a new ten-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds, representing the longest-ever signed agreement between the two partners. Namdeb Holdings is a 50:50 joint venture... 

De Beers and Namibia ink new decade-long Namdeb sorting, valuation, sales accord

Lucapa to invest more in Angola mine

By: Esmarie Swanepoel     16th May 2016 Diamond miner Lucapa Diamond Company on Monday announced a $7-million capital development and upgrade programme at the Lulo diamond mine, in Angola. The capital spend comes as Lucapa and its joint venture (JV) partners, Angola’s national diamond company Endiama and private partner Rosas &... 

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 "The global commodity super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals," stated the World Bank in its most recent Regional Overview for Africa (published in late March). "As a net commodities exporter, Africa is deeply affected by falling commodity... 

End of commodities boom hits African countries

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers

By: Martin Creamer     12th May 2016 At most other times in the mining cycle, news of the sale of a goody-two-shoes metallurgical coal asset like Australia’s Grosvenor would have had buyers queuing up to buy. But disposal of even alluring resources in today’s uncertain and low-price environment needs to be accompanied by an enticing... 

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers
Photo by Bloomberg
Seamus French

To stop conflict minerals, make European firms establish origin of supply chain – expert

By: Reuters     11th May 2016 European companies should be required by law to establish the origin of the minerals they use in their products to put an end to the trade in gold, tin and other minerals mined in conflict zones, a leading expert said on Tuesday. Campaigners have long raised concerns that proceeds from mining... 

To stop conflict minerals, make European firms establish origin of supply chain – expert

To stop conflict minerals, make European firms establish origin of supply chain – expert

By: Reuters     10th May 2016 European companies should be required by law to establish the origin of the minerals they use in their products to put an end to the trade in gold, tin and other minerals mined in conflict zones, a leading expert said on Tuesday. Campaigners have long raised concerns that proceeds from mining... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Draft Mining Charter under intense legal scrutiny
Sabelo Dlamini of Fasken Martineau

Lucara sells 813 ct diamond for record price

By: Creamer Media Reporter      10th May 2016 Lucara Diamond Corp has sold an 812.77 ct diamond recovered at its Karowe mine, in Botswana, for $77 649/ct, or $63.11-million. The Type IIa diamond, which was recovered in November, was named “The Constellation”. 

Lucara sells 813 ct diamond for record price
The 1 109 ct Lesedi La Rona, which will be sold in June

Northam sells 20.3% Trans Hex stake

     9th May 2016 Platinum miner Northam Platinum has sold its 20.3% interest in diamond miner Trans Hex to Business Venture Investments No 1952 for R81.8-million. Northam had acquired the stake in Trans Hex through its June 2011 acquisition of Mvelaphanda Resources. 

Northam sells 20.3% Trans Hex stake
Photo by Duane Daws
Northam CEO Paul Dunne

Latin American Minerals overcoming hurdles to get back on track

By: Simon Rees     6th May 2016 Despite strong economic headwinds, several junior and midtier miners were able to advance projects towards near-production or into operation during the downcycle’s trough; however, plenty of others were less fortunate and had to retrench, mothball or even capitulate. Other projects and operations... 

Botswana Diamonds raises £500 000 for exploration

By: Anine Kilian     6th May 2016 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     6th May 2016 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     6th May 2016 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

     6th May 2016 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     5th May 2016 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      5th May 2016 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     4th May 2016 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... 

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