R/€ = 14.50 Change: 0.08
R/$ = 11.75 Change: 0.10
Au 1348.00 $/oz Change: 16.01
Pt 955.50 $/oz Change: -2.07

Diamonds News

US, China save platinum’s day

By: System Author     12th March 1999 Not only has the world demand for platinum jewellery held up despite global economic turmoil, but markets outside Japan – traditionally by far the most important single market for the product – have shown strong growth. While the global market for platinum jewellery grew by only 1,4%... 

Diamonds of WAR

By: System Author     5th March 1999 In Angola, diamonds are stained with the blood of pawns caught in the throes of civil war. It has been reported that a manager of Canadian company SouthernEra Resources died in an ambush in May last year. In November last year, 50 armed men killed eight employees of Canadian company DiamondWorks,... 

Big upsurge in diamond production

By: System Author     5th March 1999 MARINE diamond producer Namibian Minerals Corporation (Namco) has reported earnings of US$3,1-million from its marine diamond mining operation in L 

Emerging Australian market

By: System Author     5th March 1999 AUSTRALIA is emerging as a market with great potential for superior diamond-cutting tools. One South African manufacturer actively growing its market share in the territory is Boart Longyear Diamond Products (BLDP). In conjunction with its sister company, Boart Longyear Australia, BLDP is... 

Big new gold resource found in West Africa

By: System Author     5th March 1999 Aresource of 1,9-million ounces of gold has been found at Yatela deposit, 25 km north of Sadiola gold mine in Mali, West Africa. The resource estimate, which is owned by the 50:50 Anglogold/Iamgold joint venture known as Sadex, has been prepared by the mineral resource management department of... 

World diamond industry reports drop in sales

By: System Author     5th March 1999 SALES in 1998 of rough gem diamonds by the De Beers Central Selling Oganisation (CSO) have dropped by 28% compared to 1997 sales. Difficult trading conditions, global economic uncertainty and increasing problems of liquidity in the cutting centres were cited as reasons for the decrease from... 

Enterprise software for marine mining

By: System Author     5th March 1999 Marine mining leader De Beers Marine will soon become the first company to run enterprise business software solution SAP R/3 from a seagoing vessel. The company will use a combination of satellite communications and SAP Application Link Enabling (Ale) technology to improve its diamond... 

Conveyors for Africa

By: System Author     5th March 1999 Two contracts, worth over R3-million for low-pressure air-supported belt conveyors or aeroconveyors to De Beers’ Orapa and Jwaneng mines in Botswana are being commissioned by Gauteng supplier Aeroconveyors, reports manager Lee Thain. The company is responsible for the design, manufacture,... 

Botswana tank contract

By: System Author     5th March 1999 Local company Spiropipe has been awarded a contract by De Beer’s Jwaneng diamond mine to manufacture polypropylene tanks for use at its aquarium in Botswana. The plant, the first of its kind, houses a fully integrated sort house (Fish) for the sorting of diamonds and is expected to improve... 

Gold semis by June

By: System Author     26th February 1999 Production of semi-fabricated gold items by Rand Refinery is expected to start during the first half of this year. The refinery’s initiative to produce semi-fabricated jewellery products (semis) is set to boost the capacity of the local jewellery-manufacturing industry and open up... 

Kimberley on brink of ne w life

By: System Author     19th February 1999 The R10-million feasibility study to evaluate the viability of a new diamond-recovery treatment plant at De Beers Kimberley mines is 70% complete. The feasibility study, which began in May last year, and is expected to be completed by April, is being conducted by an on-mine project team working... 

Software to optimise diamond-mining

By: System Author     19th February 1999 THE first phase of a project to incorporate an integrated mineral-resource asset-management suite developed by Gemcom Software International into De Beers Consolidated Mines’ Venetia mine has begun. This follows the establishment of a relationship between the two companies to develop an... 

Another diamond vessel

By: System Author     19th February 1999 The hull of Ocean Diamond Mining’s (ODM’s) new 61-m-long vessel has been widened in just 17 days by Western Cape mechanical engineer and manufacturer Belmet. MD Pieter Kroon tells Mining Weekly that this was accomplished by prefabricating the 85 t of steelwork at the company’s... 

Gold to the masses

By: System Author     19th February 1999 The individual consumer is steadily gaining on the world’s central banks in the race to influence the future of the world gold market. It is an active and deliberate contest, and one which will have a profound impact on the destiny of many local and international gold firms. The intention... 

Black diamond unearthed

By: System Author     12th February 1999 In the absence of a small-mining division within leading diamond mining and exploration giant De Beers, the company has signed a multimillion-rand black-empowerment agreement with regard to its Marsfontein mine in the Northern Province. In return for a consideration of about R200-million, De... 

Diamonds of Death

By: System Author     5th February 1999 Deep in the western Free State lies the legacy of a mine gone terribly wrong, which saw a river of mud tear through its underground workings that was powerful enough to rip off the limbs of those caught in its rush. All that is left is the corpse of an unworkable mine in which the bodies of 16 of... 

Diamond dredger No.3 being built

By: System Author     5th February 1999 A third 250 t/h dredger to recover dia- monds from the Luachimo river in northern Angola is being built by Metco Global for ITM Mining. “Construction of the 24-m-long, 55 t dredger, with several enhancements on the prototype, will begin this month for completion at the end of May,”... 

Shining year envisaged

By: System Author     5th February 1999 With the platinum-group metals (PGMs) industry in good shape, assisted by the turmoil in the palladium industry and the growth in the market for platinum jewellery, South African producers can look forward to a shining year. “South Africa’s PGM production, of which platinum accounts... 

Rising demand for platinum

By: System Author     5th February 1999 Demand for platinum in jewellery is forecast by platinum analyst Johnson Matthey in its 1998 interim review, to rise by 30 000 ounces to 2,19-million ounces in 1998. Although last year has been a year of strong growth in the Chinese and US markets, fabrication in Japan has fallen. However, the... 

Division tackles alloy research

By: System Author     5th February 1999 Research and development (R&D) of platinum-group metal (PGM) alloys and products is conducted by Mintek’s physical metallurgy division in collaboration with PGM producers in South Africa. The jewellery-related platinum products include platigems, novel platinum-gold composite material, and... 

New project

By: Archivist     29th January 1999 The new diamond-processing plant known as the Aquarium project at Jwaneng diamond mine in Botswana is due for completion in March. Designed by multidisciplinary consultant Anglo American Technical Services for the Debswana Diamond Company, it is being constructed by a joint-venture company... 

Jewellery makers consolidate

By: Archivist     29th January 1999 There is a new climate of co-operation and determination among South African jewellery manufacturers to expand market support for their products and increase exports, reveals Jewellery Council of South Africa executive director Claire Minnit. “Local manufacturers are aware that any growth... 

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