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Trans Hex readies for across-the-board profit, output gains in H1

By: Natalie Greve Trans Hex expects net profit for the six months ended September 30 to swing to R35.8-million, from a loss of R53.9-million in the first six months of the prior year. Similarly, profit after tax from continuing operations would improve, from a loss of R69-million in the prior year’s period, to... 

Botswana mining output jumps 16.7% year-on-year in Q1

By: Reuters Botswana's mining production rose 16.7% year-on-year in the first quarter mainly due to the completion of maintenance at the Orapa diamond mine, the first set of industry figures from Statistics Botswana showed on Friday. Diamond output was the biggest contributor to growth in the first quarter,... 

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

By: Jade Davenport The stability of the diamond sector has always been a slave to the fine balance between supply and demand. Over the last century, the industry has had to contend with various crises of oversupply, largely spurred by conflict, global economic instability and the vagaries of consumer demand. As a... 

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

By: Jade Davenport The stability of the diamond sector has always been a slave to the fine balance between supply and demand. Over the last century, however, the industry has dealt with various crises of oversupply, largely spurred by conflict, global economic instability and the vagaries of consumer demand. As a... 

Low kimberlite discovery rate seen sparking diamond production crisis by turn of decade

Lace mine development bruised, but not halted by AMCU strike

By: Natalie Greve Development work and tailings retreatment activities at Southern African diamond developer and explorer DiamondCorp’s Lace diamond mine, in the Free State, is continuing despite a protected strike by members of the Association of Mineworkers and Construction Union (AMCU), which is nearing the end... 

Lace mine development bruised, but not halted by AMCU strike
Lace mine

Resources Watch

By: Creamer Media Reporter This week: De Beers plans to keep South African diamond exploration spend at R30-million a year. And, South Africa’s ‘instant’ society hurts prospects. 

Resources Watch

300 a year doing mechanised mining courses at Wits centre

By: Martin Creamer Three hundred people a year are doing courses in mechanised mining offered by the University of the Witwatersrand Centre for Mechanised Mining Systems (CMMS). CMMS director Dr Declan Vogt, who was interviewed by Mining Weekly Online at the university, sees one of the centre’s main roles as... 

300 a year doing mechanised mining courses at Wits centre
Photo by Duane Daws
CMMS director Declan Vogt

Trans Hex takes over Namaqua diamond mines from De Beers

By: Martin Creamer The long-awaited acquisition by Trans Hex of the Namaqualand diamond mines from De Beers has become effective. The JSE-listed Trans Hex expects to receive cash flows of R653-million over the life of Namaqualand Mines, which have a resource of between 1.6-million carats and 1.9-million carats that... 

Trans Hex takes over Namaqua diamond mines from De Beers
Photo by Duane Daws
Trans Hex CEO Llewellyn Delport

Global diamond bodies pull out of WDC meeting amid call for clarity

By: Natalie Greve The World Federation of Diamond Bourses (WFDB), together with seven other major diamond industry umbrella organisations, has announced that it is “regretfully” withdrawing its participation in the upcoming World Diamond Council (WDC) annual general meeting, on October 28, in Antwerp, Belgium. The... 

DA still seeks details of SDT buyers

By: Leandi Kolver The Democratic Alliance (DA) would continue to pursue a declaration from the State Diamond Trader (SDT) on who its biggest buyers are, DA shadow Minister of Mineral Resources James Lorimer has said. He noted in a statement that the DA had been pursuing this matter since October 2012, when the... 

Rio gets record prices for Argyle diamonds

By: Esmarie Swanepoel Mining giant Rio Tinto on Tuesday reported the highest average price per carat from its most recent collection of rare pink and red diamonds from the Argyle mine. The company’s thirtieth anniversary collection, which consisted of 54 diamonds, achieved a record number of more than 600 bids, from... 

WDC appoints first executive director

By: Natalie Greve The World Diamond Council (WDC) has named Patricia Syvrud, founder and president of jewellery services company Joia Consulting, as its first executive director, effective October 31. Syvrud would report to the executive committee of the WDC board of directors and would assist the WDC president. 

Petra secures additional financing after delivering highest quarterly output in Q1

By: Natasha Odendaal As London-listed Petra Diamonds delivered strong output and a solid financial performance during the first quarter of the year, its lenders have agreed to hike the company’s financing facilities to about $260-million, at reduced lending rates. The diamond producer on Monday explained that the... 

Petra sells 232 ct diamond for $15m

By: Natasha Odendaal The 232.08 ct white diamond recovered at London-listed Petra Diamonds’ Cullinan mine has been sold for $15.2-million to multinational diamond company Diacore. The exceptional D colour Type II high-quality diamond was recovered early in September. 

South African police fire rubber bullets at Diamondcorp strikers

By: Reuters South African police used rubber bullets on Friday to disperse strikers from the Association of Mineworkers and Construction Union (AMCU) who were blocking the entrance to a mine operated by London-listed DiamondCorp, a police spokesperson said. Police spokesperson Stephen Thakeng told Reuters... 

AMCU members down tools at Lace mine

By: Natasha Odendaal Workers at DiamondCorp’s Lace mine, in the Free State, downed tools on Thursday in an Association of Mineworkers and Construction Union- (AMCU-) led protest against the Aim-listed company’s refusal to employ two full-time salaried shop stewards. DiamondCorp said in an update to shareholders that... 

AMCU members down tools at Lace mine
Lace mine

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

Lucara’s exceptional diamond tenders rake in $136m in 2014

By: Henry Lazenby Southern Africa-focused miner Lucara Diamond Corp this week reported that exceptional stone tenders had this year accounted for $136-million, reflecting a strong diamond market and robust demand for large precious gems from the company’s flagship Karowe mine, in Botswana. The TSX- and... 

Lucara’s exceptional diamond tenders rake in $136m in 2014

Brown outlines State company board costs 

By: Creamer Media Reporter Public Enterprises Minister Lynne Brown has released details of the remuneration of the chairpersons and nonexecutive directors of the various State-owned company boards falling under her Ministry. The remuneration figures, which are attached, are based on figures published by the companies as of... 

Brown outlines State company board costs
Photo by Duane Daws
Public Enterprises Minister Lynne Brown

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

By: Martin Creamer 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... 

De Beers plans to keep South African diamond exploration spend at R30m a year
Photo by Creamer Media
Phillip Barton (right) and Martin Creamer

Stellar to start Baoulé diamond sales before year-end

By: Creamer Media Reporter 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
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