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Diamonds News

First-half diamond sales down 16% at Botswana's Okavango

By: Reuters     Updated 3 hours ago Sales at Botswana's State-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260-million, its managing director said, citing a high comparison base against last year's record growth. Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018... 

Gem Diamonds recovers 12th diamond of over 100 ct for 2018

By: Simone Liedtke     Updated 5 hours ago LSE-listed Gem Diamonds has recovered a 138 ct top white colour and Type IIa diamond, at its Letšeng mine, in Lesotho. This diamond, the miner said on Wednesday, is the highest dollar per carat kimberlite diamond in the world. 

Gem Diamonds recovers 12th diamond of over 100 ct for 2018

Stornoway posts Q2 loss; Renard ramp-up slower than planned

By: Mariaan Webb     Updated 6 hours ago The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned. Stornoway’s share price dipped to a 12-month... 

Stornoway posts Q2 loss; Renard ramp-up slower than planned
The Renard mine in Quebec

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

Avesoro’s interim Ebitda, revenue rise

By: Simone Liedtke     13th August 2018 TSX- and Aim-listed Avesoro Resources has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $64.6-million for the six months ended June 30, compared with Ebitda of $1.1-million reported for the first half of the 2017 financial year. With a 318% year-on-year... 

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

By: Anine Kilian     10th August 2018 Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security being provided for the full amount of his alleged claim of about £230 000. Accordingly, the... 

Lucara recovers 253 special diamonds at Karowe in Q2

By: Simone Liedtke     10th August 2018 TSX-listed Lucara Diamonds’ Karowe mine, in Botswana, delivered 253 diamonds larger than 10.8 ct during the second quarter, ended June 30, representing 10.5% of the total recovered carats. This is also the highest number of specials recovered, by quarter, since production started at Karowe. 

Diamcor recovers six special diamonds

By: Anine Kilian     10th August 2018 Diamcor Mining has recovered six special rough diamonds at its Krone-Endora at Venetia project, in South Africa’s Limpopo province.  The diamonds were recovered from material processed through the company's newly upgraded facilities. 

Mountain Province declares maiden dividend

By: Mariaan Webb     10th August 2018 The strong performance of the Gahcho Kué diamond mine – a joint venture between De Beers Canada and Mountain Province – is benefitting the junior company’s shareholders, who will receive their first dividend from the diamond miner. The board of Mountain Province, which maintains listings on the... 

Provisional liquidation application against BlueRock subsidiary to be heard on Aug 10

By: Creamer Media Reporter      7th August 2018 A court hearing has been scheduled for August 10 to consider a provisional liquidation application against Kareevlei Mining, a subsidiary of Aim-listed BlueRock Diamonds. The application was brought by former BlueRock CEO Riaan Visser. 

Mothae delivers more special stones for Lucapa

By: Esmarie Swanepoel     7th August 2018 Diamond miner Lucapa has recovered more special and coloured diamonds from its Mothae diamond mine, in Lesotho. The special recoveries included a 28 carat stone from the North zone and two light pink diamonds. 

Alrosa sells main diamond from Dynasty collection

By: Simone Liedtke     3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Alrosa sells main diamond from Dynasty collection
The Dynasty Diamond

Letšeng large diamond recoveries reach a record in H1

By: Marleny Arnoldi     3rd August 2018 LSE-listed Gem Diamonds continued to recover large diamonds during the first half of this year, with a record ten diamonds greater than 100 ct recovered, at its Letšeng mine, in Lesotho. Gem recovered another such diamond in July, which resulted in the highest number of more-than-100 ct... 

Letšeng large diamond recoveries reach a record in H1

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Company stalwart pioneers female managerial role

By: Tasneem Bulbulia     3rd August 2018 In a notable stride towards gender inclusivity in the diamond industry, De Beers Sightholder Sales South Africa’s Simangele Soni has become the first woman to occupy a senior operations manager role in the organisation. Appointed on March 1, Soni is now part of the sorting, valuation and sales... 

Company stalwart pioneers female managerial role
DIAMOND IN THE ROUGH As operations manager, Simangele Soni is responsible for ensuring that diamonds are sorted and valued according to quality, and that De Beers meets the deadlines for selling diamonds

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

De Beers, Anglo American and AfriTin make headlines this week 

By: Creamer Media Reporter      2nd August 2018 De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines. 

De Beers, Anglo American and AfriTin make headlines this week
De Beers, Anglo American and AfriTin make headlines this week

Rare blue diamonds may be Earth's deepest secret

By: Reuters     1st August 2018 The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves before landing for all to see at a Washington museum. The geological history of blue diamonds is even... 

Voorspoed diamond mine to close after search for bidder fails 

By: Martin Creamer     31st July 2018 The Voorspoed diamond mine in the Free State is scheduled to close by year-end if the Department of Mineral Resources (DMR) is unable to secure, in the next 30 days, a suitable bid that will set the seal on the employment and community support that this Kroonstad-area mine provides. The decision... 

Voorspoed diamond mine to close after search for bidder fails
De Beers Consolidated Mines CEO Phillip Barton outlines the Voorspoed mine closure plans to Mining Weekly Online’s Martin Creamer. Video and Video Editing. Darlene Creamer.

Botswana Diamonds exploration update, says confident it holds licence to Mooikloof

By: Simone Liedtke     31st July 2018 Analysis of Aim-listed Botswana Diamonds’ Free State kimberlites indicates high abundances of diamond inclusion type chemical compositions, thereby rating these kimberlites as being of high interest in terms of their diamond-bearing potential, the company said on Tuesday. The results also... 

De Beers sells $530m of rough diamonds in sixth sales cycle

By: Simone Liedtke     31st July 2018 De Beers has sold $530-million worth of rough diamonds in its sixth sales cycle for the year. This is $51-million lower than the $581-million worth of rough diamonds sold in the fifth cycle of this year, and $46-million lower than the $576-million worth of rough diamonds sold in the sixth sales... 

Mothae delivers more diamonds for Lucapa

By: Esmarie Swanepoel     30th July 2018 Diamond miner Lucapa has recovered another special diamond from ongoing bulk sampling at its Mothae mine, in Lesotho. The 11.88 carat diamond was recovered from the North zone, and is the first special diamond recovered from that section of the Mothae kimberlite pipe in the current bulk sample. 

Anglo draws line in sand for thermal coal

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Anglo draws line in sand for thermal coal
Photo by Creamer Media
Anglo CE Mark Cutifani

Gem Diamonds recovers 100.5 ct diamond from Letšeng

By: Marleny Arnoldi     27th July 2018 LSE-listed Gem Diamonds has recovered a 100.5 ct, top white colour Type IIa diamond from the Letšeng mine, in Lesotho. This recovery is the eleventh diamond of over 100 ct recovered this year.  

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

By: Reuters     26th July 2018 Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin... 

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades
Bruce Cleaver

Tanzania targets setting up mineral exchange by end of 2018

By: Bloomberg     26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... 

Innovation ‘coming out of the lab, into the field’ – Anglo

By: Martin Creamer     26th July 2018 The comprehensive technology and innovation programme being intensively conducted by diversified mining major Anglo American is coming “out of the lab and into the field”, the company told Mining Weekly Online on Thursday, when it reported continued performance improvement in the six months to... 

Innovation ‘coming out of the lab, into the field’ – Anglo
Photo by Creamer Media
Anglo American CE Mark Cutifani

Lulo delivers higher output in June quarter

By: Esmarie Swanepoel     25th July 2018 Diamond miner Lucapa Diamond Company has reported a 27% increase in mining volumes from its Lulo diamond project, in Angola, during the June quarter, increasing diamond production by 20%. The ASX-listed company on Wednesday reported that 5 058 carats were produced during the three months to... 

WDC marks first official mission to Angola

By: Simone Liedtke     24th July 2018 Marking the first World Diamond Council (WDC) mission to Angola outside of a formal Kimberley Process (KP) meeting, acting president Stephane Fischler and executive director Marie-Chantal Kaninda travelled to Angola for a series of meetings with stakeholders involved in the KP, last week. The WDC... 

WDC marks first official mission to Angola

Lucapa sells more diamonds in July

By: Esmarie Swanepoel     24th July 2018 Diamond miner Lucapa has completed the first sale of alluvial diamonds for the second half of 2018 from its Lulo project, in Angola, generating $2-million in revenues. The parcel consisted of 2 527 ct and achieved an average price of $800/ct. 

Alrosa reports Q2 results, reaffirms FY guidance

By: Mariaan Webb     23rd July 2018 Russian diamond mining major Alrosa has reported an 18% year-on-year production decrease in the second quarter, as the closure of the Mir underground mine in August last year and lower diamond grades continued to weigh on its operations. The miner produced 8.5-million carats in the second... 

De Beers to move 200 elephants from South Africa to Mozambique

By: Reuters     23rd July 2018 Diamond producer De Beers said on Monday it was relocating 200 elephants from its private reserve in South Africa to neighbouring Mozambique, part of wider efforts to restore wildlife populations ravaged by conflict there. The Anglo American unit said its 32 000 ha Venetia Limpopo Nature Reserve... 

Firestone achieves record quarterly production, meets yearly guidance

By: Marleny Arnoldi     23rd July 2018 Aim-listed diamond miner Firestone Diamonds achieved an ‘exceptional’ operational performance at its 75%-owned Liqhobong mine, in Lesotho, during the fourth quarter ended June 30. Recoveries for the quarter increased by 36.8% to 263 512 ct, resulting in the production of 835 832 ct for the full... 

Petra meets FY18 production guidance, but lowers FY19 forecast

By: Marleny Arnoldi     23rd July 2018 LSE-listed Petra Diamonds CE Johan Dippenaar on Monday said the company had achieved a solid progression for the full financial year ended June 30, after challenges in the 2017 financial year and in the first half of the 2018 financial year. Production rose by 15% year-on-year to 4.6-million... 

Tango Mining recovers 42.25 ct diamond from Northern Cape mine

By: Marleny Arnoldi     23rd July 2018 TSX-listed Tango Mining has recovered a 42.25 ct diamond from run-of-mine gravel at its Oena diamond mine, in South Africa’s Northern Cape. The diamond was recovered from the Oena central area and highlighted the production history of Oena, which is known to produce large, high-quality diamonds.  

Mining at Alrosa’s Zarya to start next year

By: Marleny Arnoldi     20th July 2018 Russian diamond mining group Alrosa’s Zarya diamond deposit in Sakha (Yakutia) is in its final stages before diamond mining will start next year. Since 2016, ten-million-cubic-metres of overburden were removed from the openpit mine, reaching a depth of 100 m. Drainage ditch construction,... 

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

Construction project boosts services demand
PROJECT OFFTAKE The Matla project is expected to start in September this year

Mountain Province says Gahcho Kué JV continues to perform well

By: Creamer Media Reporter      19th July 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production... 

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