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Diamonds News

Diamond industry faces headache as key US market takes a knock

By: Bloomberg     26th May 2017 In the diamond industry, the only place that really matters is the US, and the market is starting to look a little shaky. In a country where consumers buy almost half the world’s gems, Tiffany & Co. and Signet Jewelers this week reported disappointing sales. That’s a blow to expectations that... 

Lucapa secures A$19m to pay for Lesotho mine, advance Phase 1 development

By: Esmarie Swanepoel     26th May 2017 Diamond miner Lucapa Diamond Company has secured A$19-million in capital to fund the acquisition and development of the Mothae kimberlite diamond project, in Lesotho. The ASX-listed miner said on Friday that the funding package included a A$9.2-million underwriting agreement with Westar Capital... 

Tsodilo gains Orapa kimberlite field exploration permit

By: Henry Lazenby     26th May 2017 Diamond explorer Tsodilo Resources has been granted an exploration permit in Botswana to look for diamond-bearing kimberlites in the prolific Orapa kimberlite field (OKF). The TSX-V-listed diamond and metals exploration company has gained access to one of the most significant diamond producing... 

Botswana agency to support installed base, new projects

By: Simone Liedtke     26th May 2017 Key mining, materials handling and minerals processing equipment supplier Takraf Africa – part of the global Tenova Takraf group – has appointed engineering service agency Etuba Engineeringits agent in Botswana. Takraf Africa engineered technologies GM Richard Späth tells Mining Weekly that the... 

Botswana agency to support installed base, new projects
PROMOTING UPTAKE Etuba will market the full range of Takraf Africa’s mining, materials handling, dust control, comminution and Delkor solid/liquid separation equipment

Botswana business expected to ‘flourish’

By: Simone Liedtke     26th May 2017 Mineral processing equipment solutions provider Multotec aims to find a balance between initiatives that drives localisation and benefits communities in Botswana, and the advantages associated with international connections, following the relaunch of the fully-fledged Botswana-registered and... 

Botswana business  expected to ‘flourish’
CUSTOMER SERVICE Multotec field service teams are based on-site at key customers in Botswana

Botswana continues to value exploration activity, mining

By: Simone Liedtke     26th May 2017 Exploration for minerals in diamond-dependent Botswana continues despite the tough economic conditions its mining industry faces, which has impacted negatively on the country’s economic health, says mining and exploration organisation Botswana Chamber of Mines CEO Charles Siwawa. These minerals,... 

Botswana continues to value exploration activity, mining
ECONOMIC DRIVER Despite its struggles, the mining industry in Botswana continues to drive its economy, with trends pointing to the sector’s stabilisation

Botswana receives load bank system order

By: Simone Liedtke     26th May 2017 The first load bank system from power-generating brand supplier Vert Energy – the Southern Africa distributor of Asco power switching and control components – was supplied to private equity company Peter Investments, in Botswana, last month. 

Botswana receives load bank system order
SECURING SUPPLY Vert Energy plays a role in providing dependable power to companies, even in Africa’s most remote countries – such as Botswana

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in minerals processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre (JKMRC) director and emeritus professor Tim Napier-Munn, noting that, with... 

Despite glorious past, mineral processing innovation faces uncertain future

Diamond recovery projects scheduled for Q3 completion

     26th May 2017 Canadian diamond producer Lucara Diamond’s capital expenditure for 2017 is forecast at between $33-million and $35-million, and will largely fund the completion of its mega diamond recovery (MDR) and X-ray transmission (XRT) projects at the Karowe mine, in Botswana. 

Geologists, mineralogists exploring new Botswana licences

By: Simone Liedtke     26th May 2017 A second fieldwork programme at the six new prospecting licences (PLs) in Botswana awarded to the Sunland Minerals joint venture (JV), including initial sampling and geophysics, is planned for September 2017.  

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

Govt continues to encourage investment beyond diamonds
STEADY AS SHE GOES Government's efforts to develop Botswana’s coal mining sector are also expected to yield steady progress

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Training academy deriving ‘incredible’ value from simulators

     26th May 2017 Simulation has resulted in a definite, dramatic reduction in training cycle times, says Bedfordview-headquartered mining contractor Murray & Roberts’ Murray and Roberts Training Academy (MRTA) education and training development (ETD) executive Tony Pretorius. With five, high-fidelity Cybermine... 

Training academy deriving ‘incredible’ value from simulators
SIMULATED LEARNING The Murray and Roberts Training Academy provides training for an exceptionally diverse client base, including gold producer AngloGold Ashanti

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     25th May 2017 The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Forevermark celebrates diamond inscription milestone

Firestone to shed Botswana assets in $5.1m deal

By: Natasha Odendaal     24th May 2017 Aim-listed Firestone Diamonds has entered into a conditional option agreement to potentially sell its Botswana assets to Gareth Penny- and Diacore Diamond-led special purpose vehicle Amulet Diamond for $5.1-million in cash. The option, effective from June 1 for up to 14 months, included... 

Alrosa secures stake in Angola's largest diamond deposit

By: Reuters     24th May 2017 Russian miner Alrosa has bought a stake in Angola's Luaxe diamond deposit, it said on Tuesday, providing the company with access to a production base outside Russia. Alrosa and Endiama, the National Diamond Company of Angola, have signed a contract to secure 50.5% of what is Angola's largest... 

CML welcomes Rockwell Diamonds’ business rescue process

By: Megan van Wyngaardt     23rd May 2017 C-Rock Mining Limited (CML), the company that brought a provisional liquidation application against three subsidiaries of Rockwell Diamonds, has welcomed the court’s decision to place the subsidiaries under business rescue. CML had previously applied to have the three subsidiaries – Rockwell... 

Gem Diamonds recovers 98 ct diamond at Letšeng

By: Megan van Wyngaardt     23rd May 2017 LSE-listed Gem Diamonds on Tuesday reported recovering a 98.42 ct high-quality D-colour Type II diamond at its 70%-owned Letšeng mine, in Lesotho. CEO Clifford Elphick commented that it had recovered 25 479 ct of diamonds at Letšeng at a grade of 1.53 carats per hundred tonnes (cpht), against an... 

Gem Diamonds recovers 98 ct diamond at Letšeng

Rockwell succeeds in having subsidiaries placed in business rescue

By: Megan van Wyngaardt     22nd May 2017 An application to have Rockwell Diamonds’ three subsidiaries placed under business rescue, as opposed to liquidation, has been granted by a court in Kimberley. C-Rock Mining (CML) had previously applied to have the three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine –... 

Rockwell succeeds in having subsidiaries placed in business rescue

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Pallinghurst share price leaps on value unlock outline
Photo by Duane Daws
Arne Frandsen (left) and Brian Gilbertson at Pallinghurst's listing on the JSE ten years ago

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Kimberley Ekapa mine accused of operating without proper permits

By: David Oliveira     19th May 2017 Informal miners, or zama-zama, in Kimberley in the Northern Cape, marched to the provincial Hawks office earlier this month to lay a complaint that a case against independent diamond miner Petra Diamonds has not been investigated by  law enforcement agencies. According to Mining Affected... 

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Diamcor’s latest diamond tender generates $702 635

By: Megan van Wyngaardt     18th May 2017 TSX-V-listed Diamcor Mining’s second rough diamonds tender and sale from its Krone-Endora at Venetia mine, in the Northern Cape, has generated $702 635 in gross proceeds from the sale of 3 265 ct ranging in the 1 mm to -45 mm size fractions. This represents an average price of $215.20/ct. 

De Beers to hold auctions for polished diamonds

By: Megan van Wyngaardt     18th May 2017 De Beers’ Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time, it said on Thursday. The sale will comprise a range of polished diamonds manufactured directly from De Beers’ rough diamonds. 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Trans Hex places Bloeddrif on care and maintenance, in talks with NUM

By: Megan van Wyngaardt     17th May 2017 JSE-listed diamond miner Trans Hex Group on Wednesday confirmed that it had placed its Bloeddrif mine, in the Richtersveld region of the Northern Cape, on care and maintenance. Earlier this week, the National Union of Mineworkers (NUM) condemned the “sudden closure” of the mine and claimed that... 

UN sends troops to CAR diamond-mining town

By: Bloomberg     17th May 2017 The United Nations (UN) said it plans to deploy more peacekeeping forces in the Central African Republic (CAR) diamond-mining town of  Bangassou to stem a recent wave of violence. Almost three quarters of the 35 000 inhabitants of the southeastern town need humanitarian assistance following the... 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

De Beers' sales reach $520m as industry enters ‘quieter season’

By: Megan van Wyngaardt     16th May 2017 Diamond miner De Beers’ fourth cycle of rough diamond sales for this year has generated $520-million. This was slightly lower than the $586-million achieved in the third sales cycle. 

Lucapa sells more diamonds from Lulo

By: Esmarie Swanepoel     16th May 2017 Diamond miner Lucapa Diamond Company has garnered a further $1.3-million in revenues from the sale of its fourth parcel of diamonds for 2017. The miner recently sold 1 878 ct of diamonds from the Lulo mine, in Angola, at an average price of $695/ct. The latest sale brought gross proceeds from... 

Tsodilo nears completion of BK16 drilling programme

By: Megan van Wyngaardt     15th May 2017 A pilot hole drill programme at TSX-V-listed Tsodilo Resources’ BK16 kimberlite project, in Botswana, is set to reach completion by month-end, when the last three holes are drilled. The programme, which started in February, was designed to achieve about 50 m grid hole spacing for the first phase... 

DiamondCorp delists from Aim, AltX delisting next

By: Megan van Wyngaardt     15th May 2017 Troubled Southern African diamond mining, development and exploration company DiamondCorp’s admission to trading on the Aim of the LSE was cancelled on Monday. Earlier this year, the company’s shares were also suspended from trading on the JSE, and discussions are ongoing to also facilitate a... 

Guinea town's unrest a cautionary tale for African mining

By: Reuters     12th May 2017 When the frustration of youths in this Guinean mining town finally erupted, they looted shops, pillaged government buildings and smashed up dozens of vehicles, dispersing only when police opened fire. "It was an immense crowd," said Lieutenant Souare Abdoul, a fireman who had to shelter in a... 

Giant diamond auction fails as Sierra Leone rejects offer

By: Reuters     12th May 2017 A much anticipated auction for one of the world's largest diamonds fizzled on Thursday when the government of Sierra Leone rejected a $7.8-million bid for the rough, egg-sized stone, saying it failed to meet its own valuation. The 706 ct gem is the second largest ever discovered in the West... 

Lucara’s high-grade Karowe continues to impress with latest exceptional stone tender

By: Henry Lazenby     12th May 2017 Vancouver-based diamond producer Lucara Diamond Corp has completed the first exceptional stone tender for 2017, raking in revenues of some $54.8-million on the sale of 1 765.72 ct of precious gems larger than 10.8 ct. The TSX- and Botswana-listed miner’s eleveth exceptional stone tender since... 

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