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Diamonds News

De Beers plans to keep South African diamond exploration spend at R30m a year

By: Martin Creamer     Updated 44 minutes ago Diamond company De Beers plans to maintain its diamond exploration spend in South Africa at R30-million to R35-million a year. De Beers Consolidation Mines (DBCM) CEO Phillip Barton, who spoke to Mining Weekly Online in a video interview (see attached) on the sidelines of the Diamond Route... 

Stellar to start Baoulé diamond sales before year-end

By: Creamer Media Reporter      Updated 4 hours ago West Africa-focused diamond development company Stellar Diamonds expects to start selling diamonds from its Baoulé trial mining project, in Guinea, before the end of this year. The miner had completed the processing of the first kimberlite sample from the project, following the successful... 

Stellar raises £396 180 to buy earthmoving equipment

By: Leandi Kolver Aim-listed Stellar Diamonds on Thursday announced that it had raised about £396 180 through the issue of 25.56-million ordinary shares, enabling it to buy a number of earthmoving machines for its Tongo and Baoulé projects in Sierra Leone and Guinea respectively. The machines had a total aggregate... 

Canadian diamond output could more than double in 4 years

By: Henry Lazenby Canada’s diamond output could more than double in the next four years, underpinned by De Beers Canada and Mountain Province Diamonds’ Gahcho Kué project, in Canada’s Northwest Territories, and Stornoway Diamond Corp’s Renard project, in Quebec – with both projects now in the construction phase –... 

Canadian diamond output could more than double in 4 years

De Beers, NUM sign three-year wage deal 

By: Martin Creamer The South African arm of Anglo American diamond company De Beers on Tuesday signed a three-year wage agreement extending to 2016 with the National Union of Mineworkers (NUM). The three-year-duration wage deal was the first of its kind with NUM, said De Beers Consolidated Mines (DBCM), which runs... 

De Beers, NUM sign three-year wage deal
Photo by Duane Daws
DBCM CEO Phillip Barton

Creamer Media publishes African Mining Roundup for October 2014 research report

This month’s report includes details of Toronto-listed Tsodilo Resources’ large inferred mineral resource in Block 1 of its flagship Xaudum iron project, in Botswana; the opening of London-listed diamond mining company Gem Diamonds’ Ghaghoo diamond mine, in Botswana; and LSE-listed Petra... 

Creamer Media publishes African Mining Roundup for October 2014 research report

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

Costs down, revenue up, diamonds selling well – Rockwell

By: Martin Creamer Alluvial diamond mining company Rockwell Diamonds, which managed to cut its costs radically in the three months to August 31 after nine consecutive quarters of revenue lift, said on Friday that its diamonds were selling well in a stabilising market that was no longer prone to wild swings. The... 

Costs down, revenue up, diamonds selling well – Rockwell
Photo by Duane Daws
Rockwell CEO James Campbell

Rockwell Diamonds reports Q2 net loss despite lifting revenue 71% y/y

By: Henry Lazenby South Africa-focused alluvial diamond miner Rockwell Diamonds on Thursday reported a net loss of $1.5-million for the second quarter ended August 31, despite lifting revenue for the period by 71% year-on-year to $16.9-million, comprising $14.2-million from diamond sales and beneficiation income... 

Rockwell Diamonds reports Q2 net loss despite lifting revenue 71% y/y

Forevermark diamonds available in Botswana

By: Zandile Mavuso Following diamond mining and manufacturing company De Beers Group’s announcement that it plans to make major investments in its business operations, the group expanded its Forevermark diamond brand into Botswana last month. 

Tanzania diamond-mine expansions on track

Diamond miner Petra Diamonds’ expansion plans for its Williamson mine, in Tanzania’s Shinyanga region, remain on track. The aim is to ramp up tonnage throughput to about five-million tonnes a year from the 2017 financial year and, at a grade of about 6 ct for every hundred tonnes, delivery of 300... 

Tanzania diamond-mine  expansions on track
THROUGHPUT RAMP-UP The Williamson mine expansion plan aims to increase tonnage throughput to about five-million tonnes a year from the 2017 financial year

Stellar recovers first diamonds from Baoulé project

By: Natalie Greve Diamond developer Stellar Diamonds has recovered the first diamonds from the Baoulé kimberlite pipe, in Guinea, following the commissioning of the mine’s 100 t/h treatment plant, in September. First ore processed yielded over 50 ct, including stones of 3.76 ct and 1.37ct. 

Stellar recovers first diamonds from Baoulé project

Juniors out of favour, face uphill battle to generate own funds

By: Natasha Odendaal Junior mining companies in South Africa have fallen out of favour with investors and have been left to find their own way to profitability, a panel at the 2014 Joburg Indaba revealed on Thursday. Debating the challenges of growing a junior mining project, Submex Investments MD Hugh Callaghan... 

Juniors out of favour, face uphill battle to generate own funds
Photo by Duane Daws
Niel Pretorius

Kimberley Diamonds soothes liquidity fears

By: Esmarie Swanepoel Diamond miner Kimberley Diamonds on Wednesday went into a trading halt ahead of a possible project acquisition. The company was expected to resume trading on October 10. 

Kimberley Diamonds soothes liquidity fears

Rare red diamonds offered in Rio Tinto auction

By: Reuters Rio Tinto is now offering four rare red diamonds, worth millions of dollars, among 55 stones from its Australian Argyle mine in an auction, pitting jewellers against ultra-wealthy investors and institutions. Fancy gem-quality natural colour diamonds have increased in value in recent years due... 

Rare red diamonds offered in Rio Tinto auction

Drill results reveal possible presence of kimberlite at Orapa

By: Natalie Greve Two boreholes drilled as part of a recent exploration campaign at Aim-listed Botswana Diamonds’ Orapa diamond project, in Botswana, have intersected intensively altered, cracked and brecciated rocks composing veins likely to be of kimberlitic origin. Another two holes drilled by Sunland Minerals,... 

Drill results reveal possible presence of kimberlite at Orapa

Firestone to conclude Botswana asset disposal in 2015, to focus on Liqhobong

By: Leandi Kolver Aim-listed Firestone Diamonds plans to conclude its Botswana asset disposal process next year, allowing the company’s management team to focus their attention on the successful completion of the Liqhobong mine development project, in Lesotho, the company said on Thursday. Firestone started the... 

Firestone to conclude Botswana asset disposal in 2015, to focus on Liqhobong

Gem Diamonds sells 198 ct diamond for $10.6m

By: Natasha Odendaal London-listed Gem Diamonds on Wednesday said a 198 ct white diamond sourced from its Letšeng mine, in Lesotho, has been sold for $10.6-million. This represented a price of $53 746/ct for the white type IIa exceptional diamond recovered at the end of July. 

Gem Diamonds sells 198 ct diamond for $10.6m
Clifford Elphick

Mountain Province Diamonds arranges C$100m in private financing

By: Henry Lazenby Precious-gem project developer Mountain Province Diamonds on Tuesday announced that it had raised C$100-million in private placements for use in construction of the Gahcho Kué project, located in Canada’s Northwest Territories. The TSX- and NYSE MKT-listed firm reported that a syndicate of... 

Mountain Province Diamonds arranges C$100m in private financing

BlueRock to start commercial mining at Kareevlei

By: Leandi Kolver Aim-listed BlueRock Diamonds has reached the end of its trial mining period at its Kareevlei tenements, in the Northern Cape, and was ready to move on to commercial production, executive chairperson Paul Beck said on Tuesday. BlueRock had also completed the transfer of the Kareevlei tenements to... 

BlueRock to start commercial mining at Kareevlei

Stellar appoints new nonexecutive director, Campbell steps down

By: Creamer Media Reporter Aim-listed, West Africa-focused diamond development company Stellar Diamonds announced in a statement on Tuesday that it had appointed Liviu Meran a nonexecutive director on its board, while James Campbell was stepping down from his position as nonexecutive director. Meran, 36, is a Romanian... 

Stellar appoints new nonexecutive director, Campbell steps down

Kimberley Diamonds denies talk about Botswana mine sale

By: Mariaan Webb Australia-based Kimberley Diamonds Limited (KDL) has no intention of selling its Lerala diamond mine, in Botswana, the company confirmed on Monday. “It has come to the board’s attention that there have been rumours in the market that KDL is attempting or intending to sell Lerala. Such rumours... 

Kimberley Diamonds denies talk about Botswana mine sale

De Beers investing billions as diamond demand is forecast to outstrip supply

By: Zandile Mavuso Diamond mining and manufacturing company De Beers Group is making major investments in its business operations as diamond demand is expected to almost outstrip growth in diamond carat production in the next ten years, given the lack of new discoveries in the last decade. 

It’s hit-and-miss for Pangolin Diamonds at Magi, Botswana

By: Henry Lazenby Toronto-based explorer Pangolin Diamonds on Thursday revealed that it had recovered four more diamonds from the Magi kimberlitic sandy tuff at its Tsabong North project, in south-west Botswana. The TSX-V-listed company, which was currently exploring for diamonds on four licences in Botswana,... 

It’s hit-and-miss for Pangolin Diamonds at Magi, Botswana

De Beers Canada and Mountain Province get Gahcho Kué water permit

By: Henry Lazenby Precious gems giant De Beers Canada and junior Mountain Province Diamonds on Thursday announced that the Minister of Environment and Natural Resources of the Northwest Territories government Michael Miltenberger had approved a ‘Type A’ water licence for the Gahcho Kué diamond project. "This is... 

De Beers Canada and Mountain Province get Gahcho Kué water permit

Rockwell lifts Q2 diamond output 37%

By: Natalie Greve Diamond asset developer Rockwell Diamonds has lifted the volumes of gravel processed from its operations during the quarter ended August 31, by 57% to 1.4-million cubic metres, driving a 37% increase in overall carat production to 9 581 ct. Sales from these operations grew 58% to 8 864 ct at an... 

Rockwell lifts Q2 diamond output 37%

Russian diamond miner Alrosa says CEO to step down

By: Reuters Russian diamond mining company Alrosa said on Monday its CE) and president Fyodor Andreev had decided to resign for medical reasons. Andreev announced his decision at the weekly management meeting on September 22, Alrosa said in a statement. The State-controlled miner is the world's top diamond... 

Russian diamond miner Alrosa says CEO to step down

Creamer Media publishes African Mining Roundup for September 2014 research report

This month’s report includes details of project developer Ivanhoe Mines’ appointment of financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals project, in the Democratic Republic of Congo; the granting a mining licence to a joint venture between Zanaga Iron Ore... 

Creamer Media publishes African Mining Roundup for September 2014 research report

State diamond miner Alexkor urged to comply with audits, find cash 

By: Martin Creamer State-owned diamond mining company Alexkor must comply with financial audits and find new sources of cash, new Public Enterprises Minister Lynne Brown urged on Thursday. In an Alexkor annual general meeting address, which was distributed to the media following the calling off of a media... 

State diamond miner Alexkor urged to comply with audits, find cash
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

Alrosa geologists to work with Botswana Diamonds team

By: Creamer Media Reporter A seven-person geological team from Russian diamond mining company Alrosa has arrived in Botswana, where they will work with staff members of Aim-listed Botswana Diamonds on an exploration programme on licences in the diamond province of Orapa. Alrosa and Botswana Diamonds were undertaking a... 

Alrosa geologists to work with Botswana Diamonds team

Upbeat Petra Diamonds moots dividend fast-forwarding

By: Martin Creamer London-listed Petra Diamonds on Thursday outlined major upcoming elevations in the economics of its mining operations, which upped production in the 12 months to June 30 to enable the buoyant diamond mining company to post a 47% increase in earnings and consider bringing forward its maiden... 

Upbeat Petra Diamonds moots dividend fast-forwarding
Photo by Duane Daws
Petra CEO Johan Dippenaar
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