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Diamonds News

Botswana diamond mine to retrench 450 workers

By: African News Agency      Updated 2 hours 1 minute ago At least 450 miners will be retrenched next week at Karowe Diamond miner following a decision by owners Lucara Diamonds to prematurely terminate a mining services contract with South African company Eqstra. The dispute between Lucara Diamond and Eqstra, which has been simmering for months, is... 

Rio’s CEO wants to buy diamonds, but finding them won’t be easy

By: Bloomberg     Updated 6 hours ago Even for the deepest pockets in the mining industry, diamonds are hard to find. Rio Tinto Group CEO Jean-Sebastien Jacques said this week he’s on the hunt for new diamond mines, but with more than half of the industry controlled by just two companies and new discoveries rare, it’s going to be a... 

Rio’s CEO wants to buy diamonds, but finding them won’t be easy

Lucara tops $1bn in sales since 2012 production start

By: Henry Lazenby     Updated 7 hours ago Southern African diamond miner Lucara Diamond Corp has breached the $1-billion revenue mark for the first time since production at the Boteti Karowe mine, in Botswana, started in June 2012. "Achieving sales of $1-billion is a significant milestone for the company and is a recognition of our... 

Lucara tops $1bn in sales since 2012 production start

Tackling increased alcohol consumption during festive season

By: Nadine James     9th December 2016 The festive season can put companies at risk, as employees are more likely to drink alcohol not only more often but also to the point of excess, says drug and alcohol testing equipment provider Alco-Safe.  Alco-Safe director Rhys Evans notes that based on first-hand reports by safety managers,... 

Tackling increased alcohol consumption during festive season
RHYS EVANS At mining companies the number of people that report to work under the influence of alcohol over December increases to between 200 and 300 people a day

Anglo confronts messy divorce in miner’s South Africa birthplace

By: Bloomberg     8th December 2016 In 1917, Ernest Oppenheimer met with South African general and soon-to-be Prime Minister Jan Smuts to seek his blessing for a new mining company called Anglo American. Smuts wanted one assurance, the company was there for the long haul. Anglo, along with its sister company De Beers, made... 

Anglo confronts messy divorce in miner’s South Africa birthplace

Millennials could boost global diamond sales

By: Megan van Wyngaardt     7th December 2016 While the global diamond industry may be poised for a modest rally in 2017, several key headwinds persist, including the need for secure access to financing within the midstream sector, slowing consumption in China and the ongoing threat of synthetics and counterfeit diamonds, according to a... 

Millennials could boost global diamond sales

Environmental group takes De Beers Canada to court over mercury

By: Reuters     7th December 2016 An environmental group said on Tuesday it had filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. The Wildlands League alleged that De Beers failed to report mercury... 

Rio CEO wants to expand in diamond mines rather than divest

By: Bloomberg     7th December 2016 When Rio Tinto Group chief Jean-Sebastien Jacques took the reins of the world’s second-biggest mining company in July, there was speculation he’d sell a host of less desirable mines and smelters. The firm’s diamond business, underpinned by two underground mines, was considered by some analysts as... 

Rio CEO wants to expand in diamond mines rather than divest

Debswana to extend lifespan of Botswana diamond mine

By: African News Agency      5th December 2016 Botswana diamond miner Debswana has reported significant progress in the implementation of the Lethlakane mine tailings resource treatment project (LMTRTP). In a statement issued on Friday, Debswana corporate affairs manager Matshidiso Kamona said the tailing treatment project was 80%complete.... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

Indaba invaluable, time-efficient industry barometer – previous delegates
TIME IS MONEY The Mining Indaba is the most time-efficient way of gaining insight into African mining

Lucara transitions to new Karowe mining contractor as Eqstra Botswana exits

By: Natasha Odendaal     5th December 2016 JSE-listed eXtract subsidiary Eqstra Botswana’s five-year opencast mining contract with TSX-listed Lucara Diamond Corporation’s Boteti Mining, in Botswana, has been terminated after two years. Eqstra Botswana, which started the mining contract in December 2014, will cease all mining operations at... 

Lucara transitions to new Karowe mining contractor as Eqstra Botswana exits

Bloody diamonds entering the market now only 0.2% of global supply

By: Dylan Slater     2nd December 2016 The ban on diamond exports from conflict zones is proving successful in curbing so-called ‘conflict diamonds’ from being sold into official and black markets, thereby reducing the resources’ use as a potential source of finance for rebel groups, according to nonprofit diamond industry... 

Bloody diamonds entering the market now only 0.2% of global supply

Importance of artisanal mining increases in DRC

     2nd December 2016 The stagnation of the formalised mining sector in the Democratic Republic of Congo (DRC) has led to an increase in artisanal mining activity, says the mining representative body DRC Chamber of Mines (CoM). “Artisanal mining in the DRC has become a widespread activity of significant economic... 

Importance of  artisanal mining increases in DRC
SUBSISTENCE MINING Artisanal mining in the DRC has become a widespread activity of significant economic importance

James Campbell joins Botswana Diamonds as MD

By: Megan van Wyngaardt     1st December 2016 Aim-listed Botswana Diamonds has appointed James Campbell MD with immediate effect. He will be based predominately in Johannesburg and will work closely with rough diamond miner Alrosa on the parties’ joint venture (JV) Orapa and Gope licences. 

Four men jailed for one year for unlawful diamond mining in Northern Cape

By: African News Agency      1st December 2016 Four men have each been sentenced to one year in prison after they were convicted of illegal mining in Northern Cape, police said on Thursday. Spokesperson captain Philani Nkwalase said the four men were arrested in April for mining diamonds illegally on De Beers mining area in Kleinzee, a small... 

Mining restarts at Merlin diamond mine

By: Esmarie Swanepoel     30th November 2016 Mining has started at the Kaye openpit, at the Merlin diamond mine, in the Northern Territory, owner Merlin Diamonds said on Wednesday. The company reported that a short mining campaign had started in November, following the successful dewatering of the Kaye pit, with the campaign aimed at... 

Mining restarts at Merlin diamond mine

Court dismisses Rockwell subsidiary liquidation bid by contractor

By: Henry Lazenby     30th November 2016 TSX- and JSE-listed alluvial diamond miner Rockwell Diamonds announced Tuesday that a spoliation application by contractor C-Rock Mining Limited (CML) was dismissed with costs by the High Court in Kimberley, South Africa. This decision clears the way for the company to resume its mining... 

Botswana's Debswana says expanded mine to produce first diamonds in 2017

By: Reuters     29th November 2016 Botswana's Debswana, the world's biggest diamond producer by sales value, is on track to produce its first diamonds from the expanded Jwaneng mine by next year, a company official said on Tuesday. Known as Cut 8, the $3-billion expansion project aims to prolong the Jwaneng mine's life by a... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Rockwell subsidiaries face potential liquidation

By: Megan van Wyngaardt     25th November 2016 Dual-listed Rockwell Diamonds has suspended mine production activities and work to complete the Wouterspan wet plant as some of its subsidiaries face a liquidation bid by mining contractor C-Rock Mining Limited (CML). Rockwell on Friday reported that the implementation of a mining agreement with... 

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

Interest in diamond exploration testing persists

By: Simone Liedtke     25th November 2016 Mining industry consultancy The MSA Group says the significant increase in cost-estimate requests it has received for diamond exploration testing this year is continuing. 

Interest in diamond exploration testing persists
HELPFUL HAND MSA advises its clients on how to cost-effectively approach their project to make an informed decision on a project’s viability before embarking on more expensive bulk sampling

Stornoway bags first sales as Renard ramp-up continues

By: Henry Lazenby     24th November 2016 Quebec-based diamond producer Stornoway Diamond Corp has recorded first sales of precious gems from its Renard mine, raking in $7.6-million from the sale of 38 913 ct. Renard diamonds were sold at auction held between November 14 and 23 in Antwerp, Belgium, fetching on average $195/ct. 

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Anglo productivity up 40%

By: Martin Creamer     23rd November 2016 Mining company Anglo American, which has reduced the number of assets in its portfolio from 68 in 2012 to 42 now, is producing more product from those 42 assets than it was from the 68. As a consequence, the product produced per person is currently 40% higher than it was four years ago. 

Anglo productivity up 40%
Photo by Duane Daws
Anglo American CEO Mark Cutifani

BlueRock remains confident of January restart at Kareevlei mine

By: Megan van Wyngaardt     22nd November 2016 BlueRock Diamonds continues work ahead of the planned restart of processing run-of-mine material at its Kareevlei operation in the Northern Cape, in January. In August, the mine suffered a weeks-long suspension ordered by the Department of Mineral Resources, after an inspection on July 6 unveiled... 

Debswana shuts down Lethlakane opencast mining operations

By: African News Agency      21st November 2016 Debswana Mining Company (DMC) has closed down its Lethlakane Open Pit diamond mine because it had reached the end of its lifespan. Addressing the last parliamentary session in Gaborone late last week, Mineral Resources, Green Technologies and Energy Security minister Sadique Kebonang said the... 

Lucara’s second exceptional stone tender rakes in $38.7m

By: Henry Lazenby     18th November 2016 Botswana-focused diamond miner Lucara Diamond Corp has raised $38.7-million from the second exceptional stone tender this year, the company announced Wednesday. This tender of gem stones from its flagship Karowe mine comprised 12 single stone lots. All 12 diamonds, totalling 1 098 ct, were sold. 

Diamcor reports ‘excellent progress’ at Krone-Endora project

By: Ilan Solomons     18th November 2016 South Africa-focused diamond producer Diamcor Mining continues to make “excellent progress” at its Krone-Endora at Venetia diamond project in Limpopo. The Canadian-headquartered company’s 5 888 ha Krone-Endora project is located directly adjacent to De Beers’ flagship Venetia diamond mine and its... 

Diamcor reports ‘excellent progress’ at Krone-Endora project
KRONE-ENDORA, DRY-SCREENING PLANT The project is opencast, employing low-cost strip-mining methods and has the potential for an initial 15-year operational lifespan

Mining promoted before protection of communities

By: Nadine James     18th November 2016 Many of the deficits pertaining to the implementation of social and labour plans (SLPs) reflect a legal regime established by the Mineral and Petroleum Resources Development Act (MPRDA) that, despite defined transformative objectives, primarily targets the promotion of mining activity rather than... 

Mining promoted before protection of communities
Photo by Reuters
LIVING IN MINING"S SHADOW Despite attempts to ensure that communities benefit from mining activity, the legislation surrounding social and labpur plans is flawed and skewed in the mining company's favor

Single mine continues to dominate Angolan diamond production

By: Keith Campbell     18th November 2016 Angolan mining group Sociedade Mineira de Catoca (Catoca) currently produces 75% of the country’s diamonds, highlighted company Chief Financial Officer António Galiano Celestino earlier this month. He was speaking in the city of Saurimo, capital of Lunda Sul province. The Catoca mine, an open pit... 

Software solution enhances compliance, reduces costs

By: Nadine James     18th November 2016 The social and labour plan (SLP) management solution from governance, risk and compliance (GRC) software company IsoMetrix ensures increased compliance with the Mining Charter, the Mineral and Petroleum Resources Development Act (MPRDA) and the Department of Mineral Resources’ (DMR’s) SLP... 

Software solution enhances compliance, reduces costs
DASHBOARD CONFESSIONALS IsoMetrix's Social and Labour Plan Management solution includes several dashboards that provide real-time data for informed decision-making.

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

Golden Saint to continue exploration at Sierra Leone licences

By: Megan van Wyngaardt     16th November 2016 West Africa-focused diamond and gold exploration company Golden Saint Resources has recovered 1.69 ct of rough diamonds, comprising three diamonds, since commissioning the washing plant at is Baja licence, in Sierra Leone, on November 13. The Aim-listed company on Wednesday said it had also... 

DiamondCorp places Lace operating subsidiary into business rescue

By: Anine Kilian     16th November 2016 Aim- and AltX-listed DiamondCorp has placed its operating subsidiary Lace Diamond Mines (LDM) into business rescue. The company on Monday said it was consulting a business rescue practitioner for LDM after heavy rainfall on November 11 overwhelmed the Free State-based Lace mine's pumping systems... 

DiamondCorp places Lace operating subsidiary into business rescue

‘Good progress’ being made with exploration programme – Botswana Diamonds

By: Megan van Wyngaardt     15th November 2016 Botswana Diamonds and its joint venture partner Alrosa are making good progress with their exploration activities in Botswana, chairperson John Teeling said on Tuesday. As part of its exploration programme for the second half of the year, Botswana Diamonds and Alrosa drilled 1 290 m on three... 

De Beers' rough diamond sales fall to lowest level in 2016

     15th November 2016 De Beers' rough diamond sales hit a low of $470-million in the ninth sales cycle of the year. Sales were lower than the $494-million reported for the eighth sales cycle. 

Kimberley to delist from the ASX

By: Esmarie Swanepoel     15th November 2016 Diamond miner Kimberley Diamonds has applied to have its shares removed from the ASX, with the company saying that its shares were trading at prices "materially lower" than the underlying value of its assets. Kimberley on Tuesday also cited the low liquidity of the company’s shares, a lack of... 

Kimberley to delist from the ASX
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