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Diamonds News

Mining headlines kick off positively in 2018  

     18th January 2018 2018 kicked off with a call for smarter sectors to boost the economy, a praise of Glencore’s asset management and a sparkle of hope for the diamond city of Kimberley. Mining Weekly editor Martin Creamer unpacks the headlines with Creamer Media's Sashnee Moodley. 

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

New ‘disruptive’ mine borer heads for Indaba unveiling
Photo by Duane Daws
Danie Pretorius

De Beers diamond venture to lay off at least 130 in Namibia – union

By: Reuters     18th January 2018 Namdeb, a joint venture between Namibia's government and Anglo American's diamond unit De Beers, is expected to lay off at least 130 of its 1,700-strong workforce, a union official said on Wednesday. Shavuka Mbidhi, from the Mineworkers Union of Namibia's Oranjemund branch, said the diamond miner... 

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

Firestone Diamonds revises Liqhobong mine plan to yield better results

By: Megan van Wyngaardt     17th January 2018 Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds. Diamonds... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

By: Megan van Wyngaardt     17th January 2018 Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116 ct low-quality diamond is the second 100-ct plus stone recovered in the first three weeks of the... 

November mining figures impress, but volatility seems to be on the cards

By: Megan van Wyngaardt     16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

De Beers turns to blockchain to track diamond origins and purity

By: Reuters     16th January 2018 Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday. De Beers, the world's biggest diamond producer by the value of... 

De Beers turns to blockchain to track diamond origins and purity
De Beers CEO Bruce Cleaver

Only four diamonds are bigger than one just found at famed mine

By: Bloomberg     16th January 2018 A small, embattled diamond miner just hit the jackpot. The 910-carat stone found by Gem Diamonds Ltd. high in the mountains of Lesotho in southern Africa is the fifth-largest in history. Here are the bigger ones: THE CULLINAN DIAMOND 

Only four diamonds are bigger than one just found at famed mine
Lucara Diamond Corp's 1 109 ct Lesedi la Rona diamond

Rockwell subsidiaries sale still on the table

By: Henry Lazenby     16th January 2018 A two-pronged purchase offer by Ascot Diamonds to acquire the three bankrupt South African subsidiaries, and later, a Cayman-based entity of Canadian miner Rockwell Diamonds is still a viable solution to achieve a sale transaction and therefore, a higher recovery value for creditors, Rockwell... 

Rockwell subsidiaries sale still on the table

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Zimbabwe state diamond company to lift output 65% in 2018 – Minister

By: Reuters     15th January 2018 Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday. Winston Chitando said the Zimbabwe Consolidated Diamond Company, which was formed in 2016 when the government banned... 

Zimbabwe state diamond company to lift output 65% in 2018 – Minister

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Botswana’s Okavango posts record diamond sales at $567m

By: Reuters     12th January 2018 Botswana’s Okavango Diamond Company (ODC) posted a 4% jump in sales to $567-million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday. The State-owned company sold 3.41-million carats of diamonds in 2017, managing director Marcus ter Haar told Reuters,... 

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

By: Mariaan Webb     11th January 2018 Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped. Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by... 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

Kimberley’s diamond endowment given new sparkle 

By: Martin Creamer     8th January 2018 Generations of diamond processing experience, interwoven with modern know-how, is extending the diamond endowment of the city of Kimberley. Kimberley Ekapa Mining Joint Venture (KEM-JV) has come up with a viable business model that returns a diamond sparkle to the city renowned for its... 

Kimberley’s diamond endowment given new sparkle
KEM-JV CEO Jahn Hohne

Gem Diamonds recovers two large diamonds at Letšeng

By: Anine Kilian     8th January 2018 LSE-listed Gem Diamonds has recovered two large high-quality D-colour, type IIa diamonds from its 70%-owned Letšeng mine in Lesotho. The recovered diamonds include a 117 ct and a 110 ct diamond. 

Lucapa recovers another 100-ct-plus diamond at Angola mine

By: Creamer Media Reporter      8th January 2018 The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a... 

Mountain Province prices plunge on finer rough diamonds sold

By: Henry Lazenby     6th January 2018 The value per carat realised at the tenth tender sale of diamonds produced at Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, has fallen to the lowest level since sales started 12 months ago. The TSX- and Nasdaq-listed company recorded sale proceeds of... 

Mountain Province prices plunge on finer rough diamonds sold

Firestone extends sales agreement of BK11 asset

By: Megan van Wyngaardt     20th December 2017 Lesotho-focused Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation to purchase the Aim-listed company BK11 asset until December, 31, 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. 

Stellar narrows loss as Tongo-Tonguma project construction continues

By: Henry Lazenby     20th December 2017 Aim-listed Stellar Diamonds has narrowed its full-year loss while continuing to make progress on developing its Tongo diamond project, in Sierra Leone. For the financial year ended June 30, the company reported a pretax loss of $2.3-million, compared with $7.1-million a year earlier. 

Zimnisky Diamond Price Index rises as demand improves

By: Henry Lazenby     20th December 2017 The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post. The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess... 

Zimnisky Diamond Price Index rises as demand improves

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Canadian junior mining company makes progress in Northern Cape
EXPLORATION ACTIVITIES The Oena diamond mine will see the mining of alluvial diamonds over a 60-month period

Eighth high-value Angolan diamond discovered

     15th December 2017 Australian diamond mining and exploration company Lucapa Diamonds’ Lulo mine, in Angola, delivered pleasing diamond recoveries in November, on the back of the eighth discovery larger than 100 ct at the mine, reinforcing a strong performance from its operations in October, states MD Stephen... 

Eighth high-value Angolan  diamond discovered
LUCAPA PRIDE The Type IIa-D diamond was discovered in Angola last month

Initial mining programme expected to start next year

     15th December 2017 Marine and land-based mining company Diamond Fields International has reaffirmed its commitment to its Namibian operations, announcing at the start of November an initial mining programme for its ML111 licence in offshore Namibia in 2018.  The initial mining programme for the licence area will... 

Initial mining programme expected to start next year
YO TOIVO The vessel is designed to provide efficient and effective mining of diamonds on the seafloor

Lesotho mine delivers another high-value diamond

     15th December 2017 Global diamond producer Gem Diamonds’ Letšeng diamond mine in Lesotho yielded a high-quality 202 ct Type IIa-D colour, the seventh diamond over 100 ct to be recovered this year. The announcement marks the seventh diamond of over 100 ct to be recovered in 2017 from Letšeng. The mine, it is... 

Lesotho mine delivers  another high-value diamond
PICTURE PERFECT The Letšeng mine, located in Lesotho, which is claimed ot be the highest dollar-per-carat kimberlite diamond mine in the world

Underground mine plans for Karowe moving forward

     15th December 2017 The results of a preliminary economic assessment (PEA) announced by diamond miner Lucara Diamonds in November demonstrate the potential economic viability for the development of an underground mine at Karowe, in Botswana. The development of the underground mine is planned after the completion of... 

Underground mine plans for Karowe moving forward
KAROWE OPENPIT The Karowe mine located in Botswana has valuable resources located underground

Kimberley tailings still yielding diamonds

     15th December 2017 Historical diamond tailings left across Kimberley, in the Northern Cape, by diversified miner De Beers Consolidated Mines continue to hold significant potential for diamond extraction, owing to technological advances made in ore treatment.  

Kimberley tailings still yielding diamonds
STILL GOING STRONG The Petra Diamonds and Ekapa Mining joint venture incorporates the Kimberley Underground mine – mining the Bultfontein, Dutoitspan and Wesselton kimberlite pipes and extensive tailings retreatment programmes with resources of about 140.1-million tons.

Activated carbon producer to aid tailings processing

By: Marleny Arnoldi     15th December 2017 Activated carbon manufacturer Rotocarb offers tailings retreatment plants in the mining industry a solution for their water-intensive processing and wastewater treatment operations that uses local raw material, technology and deployment to produce activated carbon, which is critical in the... 

Activated carbon producer to aid tailings processing
WATER TREATMENT SOLUTION There is a big requirement for activated carbon, which local manufacturer Rotocarb can provide a solution for with locally designed technology and locally sourced raw materials

Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform

By: Mia Breytenbach     15th December 2017 The World Diamond Council (WDC) has called for an open discussion about the Kimberley Process (KP) reform, highlighting three key areas in need of reform to ensure its continued success. These include broadening the scope of the KP as the debate on the expansion of the definition of conflict... 

Diamonds body calls for ‘productive dialogue’  on Kimberley Process reform
Photo by Bloomberg
EVOLUTION NEED Much remains to be done to evolve the efficiency of decision-making within the Kimberley Process

Mines urged to leverage technology to supercharge human capital development

By: Nadine James     15th December 2017 Mining companies should leverage technology to spur employee development, aiding in the upskilling of staff while enhancing employee and resource management, says information technology services company Wipro Southern Africa. While mines have incrementally implemented technology into their... 

Water recovery issue keeps Diamcor’s Krone-Endora at Venetia project from full potential

By: Henry Lazenby     14th December 2017 Inadequate recoveries of water from project developer Diamcor Mining’s Krone-Endora at Venetia project's settling dams continues to hinder the project from reaching design capacity, resulting in lower output, the company announced on Wednesday. The Kelowna, British Columbia-based company advised... 

Gem in talks with new potential Ghaghoo buyers

By: Mia Breytenbach     12th December 2017 Aim-listed Gem Diamonds is in discussions with other parties who are interested in acquiring the Ghaghoo mine, in Botswana, after an offer from an undisclosed party to buy the mine was withdrawn. Gem on Tuesday informed shareholders that although the undisclosed party had made an offer in August... 

De Beers notes continued good demand for rough diamonds

By: Creamer Media Reporter      12th December 2017 Continued stable demand for diamonds resulted in De Beers generating $450-million in its tenth sales cycle of the year. This compares with the $466-million generated in the ninth sales cycle of this year and the $422-million earned in the tenth sales cycle of 2016. 

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Tsodilo acquires sorter for final recovery at BK16

By: Natasha Odendaal     11th December 2017 TSX-V-listed Tsodilo Resources has finalised the final recovery circuit of the dense medium separation (DMS) plant at its BK16 kimberlite project, in Botswana, with the purchase of a Polus-M sorter from Russian X-ray sorter manufacturer Bourevestnik. The new sorter for the final recovery plant... 

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