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Diamonds

Ian Cockerill, Mark Cutifani and Tony O'Neill
South Africa-linked mining luminaries advising on metals industry greening
17th January 2024 By: Martin Creamer

South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive... 


Petra Diamonds' Finsch mine
Petra maintains ‘cautious’ approach to diamond sales
16th January 2024 By: Marleny Arnoldi

London-listed Petra Diamonds is heading into the second half of its 2024 financial year with caution, as the rough diamond market continues to stabilise following actions taken by producers and... 


Copper 360 CEO Jan Nelson
Smart wristwatches to uplift mineworker well-being at Copper 360
16th January 2024 By: Martin Creamer

Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper... 


CEO Jakob Stausholm
Rio Tinto sees gradual recovery in China’s economy in 2024
16th January 2024 By: Mariaan Webb

Diversified mining major Rio Tinto expects stimulus measures implemented by China to catalyse a slow but steady recovery of the world’s second-biggest economy in 2024, providing reinforcement to... 


Rough diamonds produced by De Beers
De Beers cuts diamond prices to revive sales
15th January 2024 By: Bloomberg

De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to a halt last year. The industry almost came to a complete standstill in... 


Diamcor returns focus to growing Krone-Endora project following turbulent 2023
11th January 2024 By: Marleny Arnoldi

Canadian miner Diamcor Mining says it will turn its focus back to the advancement and growth of its Krone-Endora at Venetia project, in South Africa’s Limpopo province, this year, following various... 


295 ct Type II white diamond
Gem Diamonds recovers 295 ct diamond in Lesotho
11th January 2024 By: Marleny Arnoldi

London-listed Gem Diamonds has recovered a high-quality 295 ct Type II white diamond from the Letšeng mine, in Lesotho. The Letšeng mine is among the ten biggest diamond producers by revenue.  


166 ct Type IIa diamond
Lucara recovers 166 ct diamond from Karowe mine
11th January 2024 By: Marleny Arnoldi

Canadian miner Lucara Diamond Corporation has recovered a 166 ct diamond from the Karowe diamond mine, in Botswana. The Type IIa diamond was recovered in the Coarse X-Ray Transmission unit at... 


De Beers approves $1bn spending at Botswana mine
De Beers approves $1bn spending at Botswana mine
10th January 2024 By: Reuters

Global diamond giant De Beers said it will go ahead with a planned $1-billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand... 


Karowe underground diamond mine
Lucara extends repayment schedule on $220m debt package
10th January 2024 By: Darren Parker

Diamond mining company Lucara Diamond has executed amended documentation related to its senior secured project financing debt package, initially established in July 2021 at a value of $220-million.... 


EU adds Russia's biggest diamond producer Alrosa to sanctions list
EU adds Russia's biggest diamond producer Alrosa to sanctions list
3rd January 2024 By: Reuters

The European Union has added Russia's Alrosa ALRS.MM, the world's biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said on Wednesday. "In line... 


A diamond mine in Russia
India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources
20th December 2023 By: Reuters

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.... 


Petra Diamonds' Finsch mine
Petra Diamonds downscales board, eyes efficiency
20th December 2023 By: Donna Slater

Diamond miner Petra Diamonds is making a series of changes to reduce the size and improve the efficiency of its board, going into 2024. Once these changes take effect, Petra's board will reduce... 


De Beers CEO Al Cook
De Beers' sales increase to $130m in final 2023 cycle
20th December 2023 By: Creamer Media Reporter

Diamond miner De Beers' final sales cycle of this year has generated $130-million, an improvement on the $86-million in sales recorded in the ninth sales cycle of this year. Sales were, however,... 


Polished diamonds
Diamond sales slowly restart after efforts to halt price crash
19th December 2023 By: Bloomberg

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. This year’s rout that was driven by... 


EU adopts 12th package of sanctions against Russia
18th December 2023 By: Reuters

The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the... 


Rough diamonds
India's Modi says new diamond bourse in Gujarat to create 150 000 jobs
17th December 2023 By: Reuters

India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat.... 


Petra reports total third-tender cycle sales of $69.7m
14th December 2023 By: Darren Parker

Diamond producer Petra Diamonds has announced the final sales results for its third tender cycle following further sales of 56 600 ct for $9.3-million. This brings total sales for the cycle to... 


Fabergé, Regent unveil new sea-themed egg
14th December 2023 By: Darren Parker

Jewelled egg maker Fabergé has introduced a new luxury egg called Journey in Jewels in partnership with Regent Seven Seas Cruises. The egg was unveiled at a gala event in Miami, Florida, on... 


ICMM CEO Rohitesh Dhawan.
Mining urged to embrace international council’s new Scope 3 emissions guidance
13th December 2023 By: Martin Creamer

All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday.... 


The Koffiefontein mine
Petra announces potential sale of Koffiefontein
13th December 2023 By: Chanel de Bruyn

London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South... 


Lucapa sells four diamonds for $17m
11th December 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company and Endiama and Rosas & Petalas – its partners in the Lulo alluvial mine, in Angola – have sold four "exceptional" diamonds recovered at the mine for a combined... 


Botswana Diamonds to undertake next stage exploration near its KX36 project
8th December 2023 By: Tasneem Bulbulia

Diamond company Botswana Diamonds will embark on follow-up ground geophysics on four anomalies that were identified contiguous with the company’s KX36 project in the Kalahari, in Botswana. They... 


Petra CEO Richard Duffy
Petra says prices have likely bottomed; secures increase in credit facility
8th December 2023 By: Creamer Media Reporter

Diamond mining group Petra Diamonds has sold 462 794 ct of diamonds for $58.7-million in its third tender for the 2024 financial year. This is higher than the 444 029 ct sold for $41.5-million in... 


India, De Beers seek clarity, flexibility on G7's Russian diamond ban
India, De Beers seek clarity, flexibility on G7's Russian diamond ban
8th December 2023 By: Reuters

India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in... 


Star Diamonds to update Star-Orion PFS
7th December 2023 By: Creamer Media Reporter

As Star Diamonds takes the reins in full ownership of the Fort à la Corne joint venture (JV), the company’s technical team is once again focused on the technical investigation and evaluation of the... 


G-7 to ban Russian diamonds starting next year
G-7 to ban Russian diamonds starting next year
7th December 2023 By: Bloomberg

Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its... 


Jupiter Mines chairperson Ian Murray
South Africa’s community engagement ahead of global peers, manganese AGM hears
6th December 2023 By: Martin Creamer

The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese... 


Stats SA economic statistics deputy director general Joe de Beer
Economy moves 'sideways' with marginal 0.2% contraction in GDP
5th December 2023 By: Darren Parker

Statistics South Africa (Stats SA) has reported a marginal 0.2% contraction in gross domestic product (GDP) for the third quarter, compared with the second quarter, and a contraction of 0.7%... 


Mining's net fixed capital formation, shown in blue, must be boosted.
Greenfield investment lagging badly, mining’s contribution to economy halved
1st December 2023 By: Martin Creamer

The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last... 


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pqt: 0.673s - ct: 0.749s - 327pq - 2rq
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