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Diamonds News

Firestone Diamonds again extends deadline for Botswana asset sale

By: Creamer Media Reporter      29th July 2016 Aim-listed Firestone Diamonds has again extended the date by which all conditions for the disposal of its Botswana operations to TSX-V-listed Tango Mining must be met to August 29. The previous deadline was July 29. 

Pangolin Diamonds kicks off new kimberlite exploration project in Botswana

By: African News Agency      29th July 2016 Canadian gem miner Pangolin Diamonds Corporation has announced the commencement of a new drilling programme targeting five potential kimberlite mineralisation areas within the Motloutse Diamond Project in south-central Botswana. In a cautionary notice issued to shareholders on July 26, company... 

Industry growth in hands of junior explorers

By: Kimberley Smuts     29th July 2016 Diamond exploration enquiries received by mining industry consultancy The MSA Group from small players in Botswana, Lesotho and the Free State have increased considerably since May this year. This includes greenfield kimberlite indicator mineral testing, alluvial diamond mineral resource... 

Industry growth in hands of  junior explorers
NEED FOR NEW PROJECTS The diamond industry urgently needs to find new mines, as the supply-demand gap will widen from 2019 onwards and, consequently, drive price increases

Large-diameter drilling at Orapa project may start at year-end

By: Kimberley Smuts     29th July 2016 Exploration company Tsodilo Resources aims to extract between 2 000 t and 3 000 t of kimberlite from BK16, potentially one of the last economic kimberlite pipes in the Orapa kimberlite province in Botswana, during a large-diameter drilling (LDD) programme in the fourth quarter of the year. The... 

Large-diameter drilling at Orapa project may start at year-end
BETTER TREATMENT The dense medium seperator plantat Tsodilo's Orapa project is scheduled for an upgrade in the third quarter of this year

Project targets millennial diamond consumers

By: Kimberley Smuts     29th July 2016 International diamond mining organisation the Diamond Producers Association (DPA) is working on a project aimed at tackling the generic marketing of diamonds to attract standard and millennial consumers, otherwise known as the ‘Y’ generation. Rough and polished diamonds trader Blom Diamonds owner... 

Project targets millennial diamond consumers
Photo by Bloomberg
MARKETING MATTERS The diamond industry is undertaking the first catefory marketing campaign in over five years

De Beers recovers from tough H2

By: Natasha Odendaal     28th July 2016 Diamond miner De Beers recovered during the first half of the year after hitting a rough patch in the last six months of 2015. The company posted a pleasing financial performance after the diamond market stabilised and growth in demand for rough diamonds emerged, said De Beers strategy and... 

Resources Watch  

     28th July 2016 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: De Beers partners with government to empower youth in diamond sector Local company outlines aspirations, challenges bigger players And,... 

Resources Watch
Resources Watch

$125m capital loan to strengthen Botswana diamond cutting and polishing industry

By: African News Agency      27th July 2016 The US government has guaranteed a $125-million loan that will be used to strengthen Botswana’s localised diamond cutting and polishing industries in order to create more jobs and contribute to economic growth. In a statement released on Tuesday, US overseas development financier Overseas Private... 

DiamondCorp gets DMR nod for Lace mining resumption

By: Natasha Odendaal     26th July 2016 JSE-listed DiamondCorp has resumed mining operations at its Lace diamond mine after receiving the go-ahead from the Department of Mineral Resources (DMR). The diamond mining, development and exploration company halted operations just over a week ago to have miners’ assistants undertake refresher... 

Debmarine Namibia acquires N$2.3bn diamond exploration vessel

By: Megan van Wyngaardt     25th July 2016 Namibia-based marine diamond mining giant Debmarine Namibia on Monday took ownership of the SS Nujoma, the sixth ship in its fleet of diamond mining and exploration vessels, from Norwegian shipbuilder Kleven Verft. The 113-m-long ship was built in Norway and will embark on its maiden voyage for... 

Debmarine Namibia acquires N$2.3bn diamond exploration vessel

Petra to reach five-million-carat target earlier than expected

By: Creamer Media Reporter      25th July 2016 Following a year of strong growth and record production, Petra Diamonds now expects to reach its five-million-carat-a-year production target in the 2018 financial year – a year sooner than previously anticipated. Petra produced 3.7-million carats in the year ended June 30, a 16% increase on the... 

Petra to reach five-million-carat target earlier than expected
Photo by Duane Daws
Petra CEO Johan Dippenaar

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

     25th July 2016 This edition of Creamer Media’s Africa Mining Projects in Progress 2016 (First Edition) reviews recently announced scoping, prefeasibility and definitive/bankable feasibility studies on projects across the continent, as well as the projects that are under way. 

Creamer Media publishes Africa Mining Projects in Progress 2016 - First Edition

Subdued diamond production hits Botswana cutting and polishing firms

By: African News Agency      22nd July 2016 The Botswana government says the value of rough diamonds supplied to local cutting and polishing firms dropped by nearly half in 2015 due to subdued local production and reduced demand in the global market. Addressing parliament on the progress of local diamond beneficiation on Thursday,... 

De Beers partners with govt to empower youth in diamond sector 

By: Ilan Solomons     22nd July 2016 Diamond miner and marketer De Beers, along with government and other industry stakeholders, last week unveiled an enterprise development project for diamond beneficiators. De Beers Sightholder Sales South Africa sales head Peter Moeti introduced the five historically disadvantaged South African-... 

De Beers partners with govt to empower youth in diamond sector
De Beers Group CEO Bruce Cleaver discusses the significance of the new diamond beneficiation project and of the company’s broader commitment towards beneficiation. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

Firestone Diamonds ready for production to start at Liqhobong in Q4

By: Megan van Wyngaardt     20th July 2016 Aim-listed Firestone Diamonds expects to start production at its Liqhobong project, in Lesotho, in the fourth quarter of this year, with plant construction and commissioning currently ahead of target. The miner on Wednesday reported that construction was 85% complete, against a revised target of... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall

By: Martin Creamer     20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, which saw local diamond and iron-ore output fall appreciably. While Eskom-related production remained broadly unchanged in the second quarter, export coal production rose 8% to... 

Anglo ups South African export coal output as diamond, iron-ore volumes fall
Photo by Duane Daws
Anglo American CE Mark Cutifani

Gold is not all that glisters – diamonds act as hedge for the rich

By: Reuters     20th July 2016 In a packed Christie's auction room in Geneva, one could hear a pin drop as two anonymous bidders slugged it out in their quest to own the world's most exquisite blue diamond. The room in the Four Seasons Hotel des Bergues was filled with multi-millionaire collectors and diamond dealers,... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Two Canadian diamond projects to see first production this quarter

By: Henry Lazenby     18th July 2016 Canada has two diamond projects that are expected to start first production during the current quarter, with De Beers Canada’s Gahcho Kué project, in the Northwest Territories, making commissioning progress and Stornoway Diamond Corp starting with ore processing at the Renard project, in Quebec.... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

DiamondCorp suspends operations to have miner’s assistants’ training refreshed

By: Natasha Odendaal     18th July 2016 Aim-listed DiamondCorp has suspended underground mining operations at its Lace diamond mine to have miner’s assistants undertake refresher training after a fall-of-ground incident in a development tunnel on the 310 m level. A miner’s assistant has been hospitalised for observation after suffering... 

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

De Beers showcases diamond beneficiation project 

By: Ilan Solomons     13th July 2016 Diamond miner and marketer De Beers, along with government and other industry stakeholders, on Wednesday unveiled an enterprise development project for diamond  beneficiators. De Beers Sightholders Sales South Africa sales head Peter Moeti introduced the five historically disadvantaged South... 

De Beers showcases diamond beneficiation project
De Beers Sightholder Sales South Africa sales head Peter Moeti

Rockwell swings to Q2 profit as it rebuilds MOR production profile

By: Henry Lazenby     13th July 2016 South Africa-focused diamond producer Rockwell Diamond Corp is back in the black after it recorded a profit of C$570 000 for the second quarter ended May 31. The Vancouver-based company said Tuesday that the quarter-on-quarter improvement, from a loss of C$5.1-million in the first quarter,... 

Rockwell swings to Q2 profit as it rebuilds MOR production profile
Photo by Duane Daws
Rockwell Diamonds CEO James Campbell

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Perth Mint unveils coin featuring red Argyle diamond

By: Creamer Media Reporter      12th July 2016 Western Australia Premier Colin Barnett on Tuesday unveiled the world’s first coin to feature a significant red diamond from Rio Tinto’s iconic Argyle diamond mine, in the East Kimberley region. The Kimberley Treasure coin is the only coin in its class and valued at $1-million.  

Diamond dream lives on against the odds under Canadian tundra

By: Bloomberg     12th July 2016 On the semi-frozen surface of Faraday Lake in Canada’s subarctic, two diamond rigs are drilling around the clock. It’s spring breakup north of the 63rd parallel, which means the Kennady Diamonds Inc. exploration team is running out of time. “It’s starting to candle,” says geologist Martina... 

Stornoway gets C$83m windfall as paper get exercised

By: Henry Lazenby     11th July 2016 Quebec-focused project developer Stornoway Diamond Corp on Monday advised that it has received a welcome windfall of C$82.72-million, after 91.91-million common share purchase warrants were exercised. The warrants, with a strike value of $0.90 a share, expired on Friday, representing 97.47% of... 

De Beers must learn to thrive in uncertainty – new CEO

By: Martin Creamer     11th July 2016 Diamond miner and marketer De Beers must learn to thrive in uncertainty, says new CEO Bruce Cleaver, who took over the reins from outgoing CEO Philippe Mellier on July 1. In a blog on the De Beers website, Cleaver writes that the future of the diamond sector presents both known and unknown... 

De Beers must learn to thrive in uncertainty – new CEO
New De Beers CEO Bruce Cleaver

Russia nets $813m from Alrosa diamond producer stake sale

By: Reuters     11th July 2016 The Russian government has raised 52.2 billion roubles ($813-million) from the sale of a 10.9% stake in diamond producer Alrosa, a deal intended to kick start a wider privatisation drive, senior government officials said on Monday. Foreign investors snapped up around 60% of the shares in Alrosa,... 

Botswana's Okavango H1 diamond sales up 23%

By: Reuters     8th July 2016 Okavango Diamond Company's (ODC) first-half sales rose 23% to $284-million and volumes jumped 35% to 1.75-million carats, boosted by a robust first quarter when inventories were run down, the Botswanan firm said on Friday. State-owned ODC, which has held five tenders in 2016, is expected to sell... 

Petra signs JV with Ekapa Mining

By: Anine Kilian     8th July 2016 LSE-listed Petra Diamonds has entered into a joint venture (JV) with Kimberley, South Africa-based diamond mining company Ekapa Mining, combining the operations into an unincorporated JV dubbed the Kimberley Ekapa Mining Joint Venture (KEM JV). The effective date of the JV agreement was July 1... 

Petra signs JV with Ekapa Mining
Photo by Duane Daws
Petra Diamonds CEO Johan Dippenaar

African mining has potential to grow stronger

By: Victor Moolman     8th July 2016 Africa is the most mineral-rich continent in the world and has the potential to become a mining mecca, says global consulting firm KPMG. 

African mining has potential to grow stronger
Photo by Bloomberg
CONDITIONAL SUCCESS Mining has a future in Africa if issues such as security, corruption and supply chains can be well managed and resolved

Lucara considering alternative market opportunities for 1 109 ct Lesedi La Rona diamond

By: Mia Breytenbach     8th July 2016 Vancouver-based Lucara Diamond Corp will pursue alternative market opportunities for its 1 109 ct Type IIa Lesedi La Rona diamond, which went unsold at a Sotheby’s auction, in London, at the end of last month. The Lesedi La Rona, the second-largest diamond ever recovered, after the Cullinan... 

Lucara considering alternative market opportunities  for 1 109 ct Lesedi La Rona diamond
HIGH VALUE The Lesedi la Rona is worth at least $68.3-milllion – this includes Sothebys’ 12% fee, which would have been added to the auction price bid of $61-million

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Order book for Russia's Alrosa share sale fully covered – sources

By: Reuters     7th July 2016 The order book for a share placement in Russian diamond producer Alrosa is fully covered, two financial market sources told Reuters on Thursday, quoting information from organisers of the placement. Russia on Wednesday launched the sale of 10.9% of ordinary shares in Alrosa, the world's largest... 

Lucapa diamond sales reach $3m in Q2

By: David Oliveira     7th July 2016 ASX-listed diamond miner Lucapa Diamond Company, which owns and operates the Lulo diamond project in Angola, achieved two alluvial diamond parcel sales weighing a total of 2 670 ct, during the quarter ending June 2016, and achieved gross proceeds of $3-million at an average price of $1 132/ct,... 

Lucapa diamond sales reach $3m in Q2
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