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Diamonds News

Miners find chicken-egg sized diamond in Canada's frozen north

By: Bloomberg     14th December 2018 The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north. The 552 ct yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever... 

Firestone recovers 46 ct diamond at Liqhobong

By: Tasneem Bulbulia     14th December 2018 Firestone Diamonds has recovered a 46 ct white diamond, from its Liqhobong mine, in Lesotho. The diamond was recovered undamaged and will go on sale at the next tender, which is scheduled to take place at the end of January 2019. 

Synthetic diamonds hogged media attention in 2018

By: Nadine James     14th December 2018 Media coverage of the diamond industry in 2018 has been dominated by the progression of laboratory-created diamond production, distribution and pricing dynamics, independent diamond expert Paul Zimnisky observed in a statement on his website, published last month. He commented that several new... 

Synthetic diamonds hogged media attention in 2018
Photo by Bloomberg
TALK OF THE TOWN Laboratory-grown diamonds have held media and industry attention throughout 2018

Angola approves new rules for rough diamonds

By: Rebecca Campbell     14th December 2018 The Angolan Government last week approved the new regulations concerning the commercialisation of diamonds, the Macauhub news agency has reported. The country’s Council of Ministers (Cabinet) approved the regulations on December 5. The official title of the new set of rules is The Technical... 

Zimbabwe mining minister invites De Beers, Vast Resources to return

By: Reuters     13th December 2018 De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining... 

Zimbabwe mining minister invites De Beers, Vast Resources to return
Photo by Reuters
Zimbabwe Mining Minister Winston Chitando

Trans Hex swings to H1 profit

By: Marleny Arnoldi     13th December 2018 JSE-listed diamond miner Trans Hex reported a group net profit of R52-million for the six months ended September 30, compared with the R199-million loss reported for the six months to September 30, 2017. The company managed to raise its earnings a share to 37.6c apiece, compared with a loss of... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

South Africa’s mining production increases 0.5% y/y – Stats SA

By: Tasneem Bulbulia     11th December 2018 Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the... 

Angola to hold first diamond auction in January, Sodiam says

By: Bloomberg     10th December 2018 Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said. Seven gemstones from the Lulo mine, located in the northeast, will come under the hammer, Sodiam said... 

CEO joins executive exodus at Dominion Diamond

By: Bloomberg     10th December 2018 Dominion Diamond CEO Patrick Evans has left the company, marking at least the third high-profile departure in less than a year at the Canadian miner, which is owned by billionaire Dennis Washington. Evans confirmed that he departed on December 5. Shane Durgin, who was COO, took over as CEO... 

CEO joins executive exodus at Dominion Diamond

Lucapa recovers 78 ct diamond in Lesotho

By: Esmarie Iannucci     10th December 2018 A 78 ct white diamond has been recovered from the Mothae diamond mine, in Lesotho. ASX-listed Lucapa Diamond Company on Monday reported that the large diamond was recovered through the new 1.1-million-tonne-a-year treatment plant, where commercial production was declared earlier this month. 

Resources Watch  

6th December 2018 Gold One launches R100m plant expansion project; Overly prescriptive policies threaten mine profitability; and, Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine 

Resources Watch
Resources Watch

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Petra, BEE partner conclude sale of KEM JV stake to Ekapa Mining

By: Marleny Arnoldi     5th December 2018 LSE-listed Petra Diamonds on Wednesday announced the completion of the sale of its and its black economic empowerment partner’s 75.9% interest in the Kimberley Ekapa Mining joint venture (KEM JV) for R300-million to JV partner Ekapa Mining. The KEM JV incorporates the Kimberley underground... 

Lucapa starts commercial production in Lesotho

By: Esmarie Iannucci     5th December 2018 Commercial diamond mining has started at the Mothae mine, in Lesotho, ASX-listed Lucapa Diamonds reported on Wednesday. “Lucapa is on track to become one of a few listed diamond companies globally with production from more than one operating mine,” said Lucapa MD Stephen Wetherall. 

Zimbabwe to allow two new companies to mine diamonds

By: Reuters     5th December 2018 Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of firms that will operate in the sector, mines minister Winston Chitando has said. Last week Chitando said the country did not plan to change its ownership rules for... 

Diamcor sells 2 979 ct in November tender

By: Marleny Arnoldi     4th December 2018 TSX-V-listed Diamcor sold 2 979 ct of rough diamonds for $653 652 in its November tender. That equates to an average price of $218/ct.  

Production outlook for Gahcho Kué mine announced

By: Creamer Media Reporter      28th November 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo American’s De Beers is set to produce between 6.6-million and 6.9-million carats in the 2019 financial year – a level also forecast for 2020. The mine, located in the Northwest Territories, will... 

Zimbabwe sees no radical change for platinum, diamond ownership

By: Reuters     27th November 2018 Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister said on Monday, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks. Zimbabwe in March changed its empowerment law limiting the... 

Tongo resource estimate increases to 7.4Mct

By: Simone Liedtke     26th November 2018 ASX-listed Newfield Resources’ Tongo diamond project, in Sierra Leone, now has a Joint Ore Reserves Committee-compliant resource estimate of about 7.4-million carats, spread across four kimberlites. About 1.9-million carats, or about 25% of the updated in-situ resource, is classed in the... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine  

By: Martin Creamer     23rd November 2018 A R200-million electrical infrastructure project has been impressively completed at the Cullinan Diamond Mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing multiple and diverse... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine
Video on Cullinan Diamond Mine media visit produced by Creamer Media. Camerawork and Editing: Darlene Creamer.

South African infrastructure better suited to transporting precious metals than base metals 

By: Nadine James     23rd November 2018 South Africa’s (SA’s) transport infrastructure was built for and remains suited to the movement of precious metals and diamonds, Herbert Smith Freehills (HSF) consultant Biddy Faber told attendees of the roundtable on Exploring comparisons between SA and Brazilian mining and infrastructure... 

Short-course participants learn about theoretical, practical aspects of diamond exploration

By: Nadine James     23rd November 2018 Leading diamond exploration, evaluation and mining geologists Dr Mike de Wit and Dr John Bristow – in collaboration with the University of Pretoria Geology Department and Enterprises University of Pretoria – presented a short course on ‘Diamond Exploration and their Primary and Secondary Sources’... 

Short-course participants learn about theoretical,  practical aspects of diamond exploration
CLASS OF 2018 20 students and 20 delegates attended this year’s Diamond Short Course in collaboration with the University of Pretoria

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine 

By: Martin Creamer     23rd November 2018 CULLINAN, Gauteng – A R200-million electrical infrastructure project has been impressively completed at the Cullinan Diamond Mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing... 

Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mine
Video on Cullinan Diamond Mine media visit produced by Creamer Media. Camerawork and Editing: Darlene Creamer.

Debswana appoints new MD as Bonyongo retires 

By: Marleny Arnoldi     21st November 2018 Debswana Diamond Company, a subsidiary of De Beers Group, has appointed Albert Milton MD, effective December 1, following the retirement of Balisi Bonyongo. Bonyongo had been with the company for 26 years and had served as MD from January 2014.  

World Diamond Council hopeful of Kimberley Process scope expansion in 2019

By: Marleny Arnoldi     21st November 2018 The World Diamond Council (WDC) has reiterated its support for the Kimberley Process (KP) certification scheme to end trade in conflict diamonds, while expressing concern over the progress in reforming its scope. In a press statement issued after the conclusion of the 2018 KP plenary meeting,... 

World Diamond Council hopeful of Kimberley Process scope expansion in 2019
World Diamond Council members at the Belgium KP plenary

KV1 grade at BlueRock’s Kareevlei exceeds expectations

By: Tasneem Bulbulia     20th November 2018 Aim-listed BlueRock Diamonds has recorded a grade of 4.51 carats per hundred tonnes (cpht) at KV1 – one of five known diamondiferous kimberlite pipes at its Kareevlei mine, near Kimberley, in South Africa. It is currently mining from two pipes at Kareevlei – KV1 and KV2. 

De Beers reports stable ninth sales cycle before retail selling season starts 

By: Marleny Arnoldi     20th November 2018 Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year. This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle. 

De Beers reports stable ninth sales cycle before retail selling season starts
Photo by Darlene Creamer
De Beers CEO Bruce Cleaver

Lucapa sells more diamonds from Lulo

By: Esmarie Iannucci     19th November 2018 Diamond miner Lucapa Diamond Company has generated a further $4.2-million in sales revenue following the sale of 3 411 carats from its Lulo alluvial mine, in Angola. The company told shareholders that the parcel of diamonds achieved an average price per carat of $1 220, bring the total... 

Instil portable skills to assist economic development post closure – consultancy

By: Nadine James     16th November 2018 Mining companies’ social and labour plans (SLPs) should incorporate initiatives or programmes aimed at reskilling workers and uplifting community members through the development of portable skills, says socioeconomic development facilitator Economic Development Solutions (EDS) MD Janine Espin.... 

Instil portable skills to assist economic development post closure – consultancy
JANINE EPSIN ompanies should approach closure with economic sustainability in mind

WDC calls for expanded definition of conflict diamonds

By: Tasneem Bulbulia     15th November 2018 The World Diamond Council (WDC) and the Civil Society Coalition (CSC) this week voiced their strong support for an expanded definition of conflict diamonds at the launch of the 2018 Plenary Session of the Kimberley Process (KP), in Brussels, Belgium. The proposal, put forward by the government of... 

Botswana Diamonds buys Alrosa’s stake in Sunland JV, talks with new partner progress

By: Marleny Arnoldi     15th November 2018 Aim-listed Botswana Diamonds (BOD) has completed the acquisition of Russian diamond miner Alrosa’s 50% interest in the Sunland Minerals joint venture (JV), giving BOD full ownership of the project. BOD on Thursday also announced that negotiations were under way with a potential new JV partner –... 

Botswana Diamonds buys Alrosa’s stake in Sunland JV, talks with new partner progress
Botswana Diamonds chairperson John Teeling

Stornoway names new CEO; posts Q3 loss

By: Mariaan Webb     14th November 2018 Canadian miner Stornoway Diamonds has appointed a new CEO to succeed Matt Manson on January 1, it said on Wednesday, after reporting an adjusted third-quarter net loss of C$31.7-million, sending its shares down 12% on the TSX. Patrick Godin, currently the COO, will succeed Manson, who has been... 

Stornoway names new CEO; posts Q3 loss
Stornoway's outgoing CEO Matt Manson

Peregrine, NexGen and Cardinal among leaders honoured in PDAC awards

By: Creamer Media Reporter      14th November 2018 The Prospectors and Developers Association of Canada (PDAC) has announced the winners of its yearly awards, which recognise the work of international and domestic leaders in the mineral exploration and mining community. The Bill Dennis award went to Peregrine Diamonds, which discovered the... 

Harry Winston jeweler buys 'Pink Legacy' diamond for record $50m – Christie's

By: Reuters     14th November 2018 The "Pink Legacy", a diamond weighing just under 19 carats, fetched a record 50.375-million Swiss francs ($50-million), purchased by US-based luxury jeweller Harry Winston, Christie's said on Tuesday. Harry Winston, owned by Swatch whose CEO is Nayla Hayek, daughter of the late Swatch founder... 

Diamond core intersections confirm geological model at Kodal’s Mali project

By: Tasneem Bulbulia     13th November 2018 Mineral exploration and development company Kodal Minerals has received assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule and Boumou prospects on the company’s 450 km2 Bougouni lithium project, in southern Mali. The diamond core intersections... 

Mountain Province foregoes dividend in weaker market

By: Mariaan Webb     13th November 2018 The shareholders of Canadian diamond miner Mountain Province have missed out on a third-quarter dividend, owing to difficult trading conditions in the lower-end segment of the diamond market. Mountain Province recently paid shareholders a maiden dividend of 4c a share, but said late on Monday... 

Mountain Province foregoes dividend in weaker market

De Beers is said to make big cuts in low-end diamond prices 

By: Bloomberg     12th November 2018 De Beers made steep cuts in the prices of low-quality stones at its sale this week, according to people familiar with the situation. The world’s biggest producer reduced prices as much as 10% for low-quality stones, said the people, who asked not to be identified because the sales are private.... 

De Beers is said to make big cuts in low-end diamond prices
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