http://www.miningweekly.com

Global Mining News in real time

Diamonds News

Kimberley Diamonds closes WA diamond mine

By: Esmarie Swanepoel Operations at the Ellendale diamond mine – the home of rare fancy yellow diamonds in Western Australia – have been suspended, and owner Kimberley Diamonds has called in administrators to the subsidiary holding the mining licence. The company said on Thursday that lower recovered grades and... 

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

Kimberley Diamonds secures debt finance for Botswana mine

By: Creamer Media Reporter Junior diamond firm Kimberley Diamonds has secured a A$10-million loan from China-based auction house Zhejiang Huitong Auction, which it intends to use for the recommissioning of its Lerala diamond mine, in Botswana. The ASX-listed company has received the first A$5-million of the loan and will... 

New fleet arrives to scale up Lucapa’s diamond operations in Angola

By: Creamer Media Reporter The first new earthmoving equipment has arrived at Lucapa Diamond Company’s Lulo concession, in Angola. The new fleet, sourced from Caterpillar dealer Barloworld Equipment in Luanda, would enable Lucapa and its partners to double alluvial diamond mining operations at Lulo to 20 000 bulk cubic... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Rio Tinto to sell stakes in Zim diamond, coal assets

By: Creamer Media Reporter Diversified major Rio Tinto has sold a 78% stake in Murowa Diamonds and a 50% stake in Sengwa Colliery to RZ Murowa Holdings. Independent Zimbabwean mining company RioZim, which owned the balance of the two assets, would assume overall management of both assets. 

Rockwell to focus on production profile as Saxendrift output decreases

By: Megan van Wyngaardt As dual-listed Rockwell Diamonds’ Saxendrift mine nears the end of its economic life, the miner will now focus on rebuilding the production profile at its existing Middle Orange River (MOR) operations, redeploying assets to newly acquired operations and expediting work on development projects.... 

Uncertain future for global diamond trade as profits vanish

By: Reuters The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who prefer hi-tech gadgets to bling. Manufacturers who cut and polish diamonds have found themselves... 

Uncertain future for global diamond trade as profits vanish

First production at Lesotho diamond mine to be delayed – Firestone

By: Creamer Media Reporter Adverse weather conditions and increased overburden at the Liqhobong mine development project, in Lesotho, have led to a R156-million increase in costs, Aim-listed developer Firestone Diamonds said on Tuesday. The diamond company further revealed that production would now only start in the fourth... 

Namibia aims for De Beers deal to process gems locally – report

By: Reuters Namibia is finalising a deal with diamond producer De Beers that will see more of the gems cut and polished in the southern African country rather than abroad, newspaper The Namibian reported on Tuesday. A unit of Anglo American, De Beers operates a joint venture in Namibia with the government... 

Paragon raises £500 000, may initiate share buyback

By: Creamer Media Reporter Aim-listed Paragon Diamonds has raised £500 000 of unsecured debt financing from an investment company that may be used for a share buyback programme. The funding would also be used for short-term working capital requirements, while Paragon progresses the acquisition of the Mothae diamond... 

DiamondCorp offers 21m shares to raise £2m

By: Natasha Odendaal JSE- and Aim-listed DiamondCorp planned to offer a further 20.9-million ordinary shares to eligible shareholders at 10p apiece to raise around £2-million. The non-underwritten open offer was on the basis of one share for every 17 existing ordinary shares held in the Southern African-focused... 

Alrosa does not see recovery in diamond prices this year

By: Reuters Russian diamond miner Alrosa has lowered rough diamond prices by 6% since the beginning of the year but expects market conditions to improve by the end of 2015, the company said on Tuesday. Andrey Zharkov, who was appointed company president in April, told Reuters that its rough diamond prices... 

Alrosa does not see recovery in diamond prices this year

Diamond industry in the midst of ‘complicated’ times – Blom

By: Megan van Wyngaardt Falling profitability, declining bank credit, synthetic stones, overgrading and generic diamond marketing were challenging the sustainability of the global diamond industry, World Federation of Diamond Bourses (WFDB) president Ernie Blom said on Monday. Speaking at the 2015 Presidents Meeting in... 

Diamond miners show potential as 4 declare dividends in last year

By: Henry Lazenby Diamond miners were finally showing showing their potential, with 80% of independent diamond miners having declared their first-ever dividend within the last 12 months, independent industry analyst and consultant Paul Zimnisky said on Friday. That meant that four out of five pure-play publicly... 

Diamond miners show potential as 4 declare dividends in last year
Photo by Reuters
Uncut diamonds from Southern Africa and Canada are seen at De Beers headquarters in London.

‘Transitional’ Petra targets FY revenue of $430m

By: Natalie Greve Describing itself as in “a transitional period”, Petra Diamonds on Friday said it expected its revenue for the full year to be around $430-million, owing to variability in its product mix The diamond miner further noted that it expected to meet its initial full-year production target of... 

Mining production rises 7.7% y/y in April

By: Megan van Wyngaardt South Africa’s mining production increased by 7.7% year-on-year in April, with the highest positive growth rate of 81.6% recorded in the platinum group metals (PGMs) sector, given that PGM production has increased significantly compared with April 2014, when the sector was adversely affected by... 

Kimberley Diamonds reports fatality at Botswana mine

By: Esmarie Swanepoel ASX-listed diamond miner Kimberley Diamonds has reported a fatality at its Lerala mine, in Botswana. The company said that an employee who was engaged as part of the care and maintenance team was involved in a fatal incident on Wednesday, which resulted in activities at Lerala ceasing, pending a... 

Mining subtracting from Botswana’s economic growth – economist

By: Martin Creamer The days of mineral-led economic growth in Botswana were over with mining actually subtracting from Botswana’s economic growth in recent years, Econsult economist Dr Keith Jefferis said here on Wednesday. Speaking at the thirteenth Botswana Resource Sector Conference, Jefferis said that... 

Mining subtracting from Botswana’s economic growth – economist
Photo by Martin Creamer
Econsult economist Keith Jefferis

Pioneering Botswana diamond circuit set for design run this month

By: Martin Creamer Botswana-focused Lucara Diamonds is spending $55-million on upgrading its Karowe diamond plant in central Botswana. Capital expenditure of $20-million already under way is all self-financed by the Canada-, Sweden- and Botswana-listed Lucara, which last year generated revenues of $265-million-plus... 

Pioneering Botswana diamond circuit set for design run this month

Botswana diamond beneficiation hits rough patch

By: Martin Creamer Two of Botswana’s diamond cutting and polishing factories have closed and half of them have had to retrench and downsize. Speaking at the thirteenth Botswana Resource Sector Conference here, Botswana Diamond Hub executive Mmetla Masire said that most of the factories were driving defensive... 

Botswana diamond beneficiation hits rough patch
Photo by Martin Creamer
Botswana Diamond Hub executive Mmetla Masire

Russians signalling new Botswana diamond find – Teeling 

By: Martin Creamer Analysis used by Russian diamond giant Alrosa indicated that a new diamondiferous kimberlite would emerge in Botswana by Christmas, London Aim-listed company head John Teeling said on Tuesday. Speaking at the thirteenth Botswana Resource Sector Conference here, Teeling noted that Alrosa made use... 

Russians signalling new Botswana diamond find – Teeling
Botswana Diamonds chairperson John Teeling

Lesotho govt processing sale of Mothae diamond stake

By: Martin Creamer The government of Lesotho is processing the sale of 75% of the Mothae diamond development in Lesotho by Toronto- and Botswana-listed Lucara Diamonds. Lucara, which mines at Karowe in the Orapa diamond field in central Botswana, is selling its 75% Mothae stake to Paragon Diamonds for $8.5-million,... 

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

Presidents meeting sets tone for world diamond discussions

By: Megan van Wyngaardt The World Federation of Diamond Bourses’ (WFDB’s) and the International Diamond Manufacturers Association’s Presidents Meeting will be an opportunity to hold talks with some of the leaders of the world's major diamond mining companies on the recent establishment of the Diamond Producers... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital 

By: Martin Creamer Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Photo by Duane Daws
Paul Miller

DiamondCorp raises £3.18m through share placement

By: Natalie Greve Southern Africa-focused diamond company DiamondCorp has placed 31.8-million new ordinary shares of 0.1p each to raise £3.18-million to fund its working capital shortfall, it said on Friday. The placing, which was oversubscribed, was undertaken with a range of new and existing institutional and... 

Cullinan, Finsch MCC contracts drawing to a close

By: Kimberley Smuts Switchgear solutions designer and manufacturer JB Switchgear Solutions’ contract for the design, manufacture and supply of motor control centres (MCCs) to diamond mining group Petra Diamonds’ Cullinan and Finsch mines, in Gauteng and the Northern Cape respectively, is drawing to a close. The... 

Cullinan, Finsch MCC  contracts drawing to a close
CONTRACT COMPLETED JB Switchgear Solutions’ contract for the design, manufacture and supply of motor control centres to diamond mining group Petra Diamonds’ Cullinan and Finsch mines is drawing to a close

Diamond mines pave way for company’s sustainable growth

By: Kimberley Smuts UK-based global diamond mining business Gem Diamonds continued throughout last year to focus on enhancing operational efficiencies and investing in innovative technologies at its Letšeng and Ghaghoo mines, in Lesotho and Botswana respectively.  This strategy noted in the company’s 2014 full-year... 

Diamond mines pave  way for company’s  sustainable growth
Photo by Bloomberg
IN DEMAND The long-term outlook for the diamond market remains strong

Diamond partnership to develop cutting, shaping technology

By: Kimberley Smuts Diamond major De Beers announced last month that it had acquired a 33.4% equity stake in Swiss-based patent protected laser micro jet (LMJ) technology owner and supplier Synova SA. De Beers will now work with Synova to develop a fully automated cutting and shaping technology, with LMJ at its... 

Diamond partnership  to develop cutting, shaping technology
Photo by Synova
DEDICATED TECHNOLOGY DEVELOPMENT De Beers will now work with Synova to develop a fully automated cutting and shaping technology, with LMJ at its core, which is expected to enhance diamond cutting and polishing efficiency

Diamond producer aiming to establish new Botswana mine

By: Kimberley Smuts Diamond exploration and project development company Botswana Diamonds is aiming to establish a new diamond mine in Botswana, executive chairperson John Teeling tells Mining Weekly. The company expects to find new areas of kimberlite, potentially containing diamonds, by the end of this year, and... 

Diamond producer aiming to establish  new Botswana mine
JOHN TEELING There is a clear supply-demand gap opening. Demand for gemstones in Asia, the Middle East and parts of Africa is increasing, owing to an emerging middle class
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.69Change: -0.05
R/$ = 12.32Change: -0.01
Au 1168.78 $/ozChange: -0.02
Pt 1083.00 $/ozChange: 1.00
 
Subscribe Now for $96
Subscribe Now for $96 Close