http://www.miningweekly.com
R/€ = 16.15 Change: 0.00
R/$ = 14.17 Change: 0.00
Au 1239.98 $/oz Change: -6.65
Pt 789.68 $/oz Change: 0.81
 

Diamonds News

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

Global mining showing interest in Master Drilling’s new technology
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Dylan Slater

De Beers, UN Women to support women micro-entrepreneurs in South Africa

By: Simone Liedtke     28th August 2018 Diamond miner De Beers and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) in South Africa have launched a capacity-building programme, which aims to support 500 women micro-entrepreneurs in the Blouberg and Musina communities, near De Beers’ Venetia diamond... 

Master Drilling mulling year-end dividend, launching blast-free borer

By: Martin Creamer     28th August 2018 Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg... 

Master Drilling mulling year-end dividend, launching blast-free borer
Photo by Creamer Media
Master Drilling CEO Danie Pretorius

New owner targeted for Ellendale

By: Esmarie Iannucci     27th August 2018 The Western Australian government is looking for a miner to reopen the Ellendale diamond mine, in the Kimberley region. The state government this week said it was seeking expressions of interest from mining companies to reopen the mine, which was operational between 2002 and 2015, when the... 

Russian diamond miner Alrosa's net income inches higher in Q2

By: Reuters     24th August 2018 Alrosa, the world's largest producer of rough diamonds in carat terms, said on Friday its second-quarter net profit rose about 1 percent year on year as higher prices helped offset a sales drop. State-controlled Alrosa and Anglo American's De Beers produce about half of the world's rough... 

Russian diamond miner Alrosa's net income inches higher in Q2

BlueRock achieves 80 t/h crushing target at Kareevlei

By: Marleny Arnoldi     24th August 2018 The crushing circuit at BlueRock Diamonds’ Kareevlei mine, in the Northern Cape, is now processing at its targeted production level of around 80 t/h following the installation of a second cone crusher and the implementation of optimisation initiatives. In June, BlueRock discovered a fault in... 

Botswana Diamonds excited about working with Vast on Zim diamond concession

By: Simone Liedtke     23rd August 2018 Botswana Diamonds chairperson John Teeling on Thursday said the company was looking forward to working with fellow Aim-listed Vast Resources on realising the full potential of the Hertiage diamond concession area and other areas in Zimbabwe. This followed Wednesday’s announcement by Vast that it... 

Vast concludes JV to access diamond fields in Zimbabwe

By: Anine Kilian     22nd August 2018 Aim-listed Vast Resources has concluded an agreement with Red Mercury for exclusive access to a diamond concession area in what has become known as the Marange diamond fields in the Chiadzwa region of Zimbabwe.  Under the terms of the agreement, Vast will have the right to carry out initial due... 

Rio digging deeper at Diavik

By: Esmarie Iannucci     21st August 2018 Diversified miner Rio Tinto has opened the fourth diamond pipe at its Diavik diamond mine, in Canada’s Northwest Territories. The A21 openpit pipe will provide an important source of incremental supply over the next four years to sustain production levels at the mine, Rio said on Tuesday. 

Lucara subsidiary to collaborate with diamond tech company

By: Creamer Media Reporter      20th August 2018 Lucara Diamond Corporation’s Clara Diamond Solutions subsidiary has entered into a collaboration agreement with diamond industry technology developer Sarine Technologies. Clara, a digital sales platform acquired by Lucara in February, will be the exclusive, worldwide customer for customised... 

BlueRock secures loan from chairperson, CEO

By: Anine Kilian     17th August 2018 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei mine, in the Kimberley region of South Africa, has entered into a loan with chairperson Paul Beck and CEO Adam Waugh.   

Angola seeks to stimulate diamond, ornamental stone exports

By: Rebecca Campbell     17th August 2018 The Angolan newspaper “Jornal de Angola” has reported that diamond mining companies operating in the country will, in future, be able to sell up to 60% of their production in the free market, under the country’s new Diamond Commercialisation Policy. Under the previous system, adopted in 2007,... 

Alrosa to put 202 'special' diamonds up for sale at Israel auction

By: Creamer Media Reporter      16th August 2018 Diamond miner Alrosa will offer 202 gem-quality rough diamonds for sale at an auction to be held in Israel from August 19 to September 6. The diamonds, with a combined weight of 3 165 ct, are all larger than 10.8 ct, otherwise known as 'special' diamonds. 

Mountain Province says latest sale in line with expectations

By: Creamer Media Reporter      16th August 2018 TSX-listed Mountain Province has netted $22.2-million from the sale of 334 751 ct in its sixth diamond sale of 2018, the company reported on Wednesday. The sale realised an average price of $66/ct, which is lower than the previous sale’s realised price of $85/ct, but in line with expectations.... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Russian miners explore payment schemes eschewing dollar

First-half diamond sales down 16% at Botswana's Okavango

By: Reuters     15th August 2018 Sales at Botswana's State-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260-million, its managing director said, citing a high comparison base against last year's record growth. Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018... 

Gem Diamonds recovers 12th diamond of over 100 ct for 2018

By: Simone Liedtke     15th August 2018 LSE-listed Gem Diamonds has recovered a 138 ct top white colour and Type IIa diamond, at its Letšeng mine, in Lesotho. This diamond, the miner said on Wednesday, is the highest dollar per carat kimberlite diamond in the world. 

Gem Diamonds recovers 12th diamond of over 100 ct for 2018

Stornoway posts Q2 loss; Renard ramp-up slower than planned

By: Mariaan Webb     15th August 2018 The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned. Stornoway’s share price dipped to a 12-month... 

Stornoway posts Q2 loss; Renard ramp-up slower than planned
The Renard mine in Quebec

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

Avesoro’s interim Ebitda, revenue rise

By: Simone Liedtke     13th August 2018 TSX- and Aim-listed Avesoro Resources has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $64.6-million for the six months ended June 30, compared with Ebitda of $1.1-million reported for the first half of the 2017 financial year. With a 318% year-on-year... 

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

By: Anine Kilian     10th August 2018 Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security being provided for the full amount of his alleged claim of about £230 000. Accordingly, the... 

Lucara recovers 253 special diamonds at Karowe in Q2

By: Simone Liedtke     10th August 2018 TSX-listed Lucara Diamonds’ Karowe mine, in Botswana, delivered 253 diamonds larger than 10.8 ct during the second quarter, ended June 30, representing 10.5% of the total recovered carats. This is also the highest number of specials recovered, by quarter, since production started at Karowe. 

Diamcor recovers six special diamonds

By: Anine Kilian     10th August 2018 Diamcor Mining has recovered six special rough diamonds at its Krone-Endora at Venetia project, in South Africa’s Limpopo province.  The diamonds were recovered from material processed through the company's newly upgraded facilities. 

Mountain Province declares maiden dividend

By: Mariaan Webb     10th August 2018 The strong performance of the Gahcho Kué diamond mine – a joint venture between De Beers Canada and Mountain Province – is benefitting the junior company’s shareholders, who will receive their first dividend from the diamond miner. The board of Mountain Province, which maintains listings on the... 

Provisional liquidation application against BlueRock subsidiary to be heard on Aug 10

By: Creamer Media Reporter      7th August 2018 A court hearing has been scheduled for August 10 to consider a provisional liquidation application against Kareevlei Mining, a subsidiary of Aim-listed BlueRock Diamonds. The application was brought by former BlueRock CEO Riaan Visser. 

Mothae delivers more special stones for Lucapa

By: Esmarie Iannucci     7th August 2018 Diamond miner Lucapa has recovered more special and coloured diamonds from its Mothae diamond mine, in Lesotho. The special recoveries included a 28 carat stone from the North zone and two light pink diamonds. 

Alrosa sells main diamond from Dynasty collection

By: Simone Liedtke     3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Alrosa sells main diamond from Dynasty collection
The Dynasty Diamond

Letšeng large diamond recoveries reach a record in H1

By: Marleny Arnoldi     3rd August 2018 LSE-listed Gem Diamonds continued to recover large diamonds during the first half of this year, with a record ten diamonds greater than 100 ct recovered, at its Letšeng mine, in Lesotho. Gem recovered another such diamond in July, which resulted in the highest number of more-than-100 ct... 

Letšeng large diamond recoveries reach a record in H1

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Company stalwart pioneers female managerial role

By: Tasneem Bulbulia     3rd August 2018 In a notable stride towards gender inclusivity in the diamond industry, De Beers Sightholder Sales South Africa’s Simangele Soni has become the first woman to occupy a senior operations manager role in the organisation. Appointed on March 1, Soni is now part of the sorting, valuation and sales... 

Company stalwart pioneers female managerial role
DIAMOND IN THE ROUGH As operations manager, Simangele Soni is responsible for ensuring that diamonds are sorted and valued according to quality, and that De Beers meets the deadlines for selling diamonds

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

De Beers, Anglo American and AfriTin make headlines this week 

By: Creamer Media Reporter      2nd August 2018 De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines. 

De Beers, Anglo American and AfriTin make headlines this week
De Beers, Anglo American and AfriTin make headlines this week

Rare blue diamonds may be Earth's deepest secret

By: Reuters     1st August 2018 The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves before landing for all to see at a Washington museum. The geological history of blue diamonds is even... 

Voorspoed diamond mine to close after search for bidder fails  

By: Martin Creamer     31st July 2018 The Voorspoed diamond mine in the Free State is scheduled to close by year-end if the Department of Mineral Resources (DMR) is unable to secure, in the next 30 days, a suitable bid that will set the seal on the employment and community support that this Kroonstad-area mine provides. The decision... 

Voorspoed diamond mine to close after search for bidder fails
De Beers Consolidated Mines CEO Phillip Barton outlines the Voorspoed mine closure plans to Mining Weekly Online’s Martin Creamer. Video and Video Editing. Darlene Creamer.

Botswana Diamonds exploration update, says confident it holds licence to Mooikloof

By: Simone Liedtke     31st July 2018 Analysis of Aim-listed Botswana Diamonds’ Free State kimberlites indicates high abundances of diamond inclusion type chemical compositions, thereby rating these kimberlites as being of high interest in terms of their diamond-bearing potential, the company said on Tuesday. The results also... 

De Beers sells $530m of rough diamonds in sixth sales cycle

By: Simone Liedtke     31st July 2018 De Beers has sold $530-million worth of rough diamonds in its sixth sales cycle for the year. This is $51-million lower than the $581-million worth of rough diamonds sold in the fifth cycle of this year, and $46-million lower than the $576-million worth of rough diamonds sold in the sixth sales... 

Mothae delivers more diamonds for Lucapa

By: Esmarie Iannucci     30th July 2018 Diamond miner Lucapa has recovered another special diamond from ongoing bulk sampling at its Mothae mine, in Lesotho. The 11.88 carat diamond was recovered from the North zone, and is the first special diamond recovered from that section of the Mothae kimberlite pipe in the current bulk sample. 

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close