R/€ = 16.15 Change: 0.19
R/$ = 14.17 Change: 0.21
Au 1239.98 $/oz Change: -6.65
Pt 789.68 $/oz Change: 0.81

Diamonds News

Anglo draws line in sand for thermal coal 

By: Martin Creamer     27th July 2018 Anglo American has drawn a line in the sand for its thermal coal portfolio. With 14 more years of life in existing assets, the company made it clear this week that it would engage in incremental expansion where it made sense, but not in long-term growth projects. Anglo has halved its footprint in... 

Gem Diamonds recovers 100.5 ct diamond from Letšeng

By: Marleny Arnoldi     27th July 2018 LSE-listed Gem Diamonds has recovered a 100.5 ct, top white colour Type IIa diamond from the Letšeng mine, in Lesotho. This recovery is the eleventh diamond of over 100 ct recovered this year.  

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

By: Reuters     26th July 2018 Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin... 

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades
Bruce Cleaver

Tanzania targets setting up mineral exchange by end of 2018

By: Bloomberg     26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... 

Innovation ‘coming out of the lab, into the field’ – Anglo

By: Martin Creamer     26th July 2018 The comprehensive technology and innovation programme being intensively conducted by diversified mining major Anglo American is coming “out of the lab and into the field”, the company told Mining Weekly Online on Thursday, when it reported continued performance improvement in the six months to... 

Innovation ‘coming out of the lab, into the field’ – Anglo
Photo by Creamer Media
Anglo American CE Mark Cutifani

Lulo delivers higher output in June quarter

By: Esmarie Iannucci     25th July 2018 Diamond miner Lucapa Diamond Company has reported a 27% increase in mining volumes from its Lulo diamond project, in Angola, during the June quarter, increasing diamond production by 20%. The ASX-listed company on Wednesday reported that 5 058 carats were produced during the three months to... 

WDC marks first official mission to Angola

By: Simone Liedtke     24th July 2018 Marking the first World Diamond Council (WDC) mission to Angola outside of a formal Kimberley Process (KP) meeting, acting president Stephane Fischler and executive director Marie-Chantal Kaninda travelled to Angola for a series of meetings with stakeholders involved in the KP, last week. The WDC... 

WDC marks first official mission to Angola

Lucapa sells more diamonds in July

By: Esmarie Iannucci     24th July 2018 Diamond miner Lucapa has completed the first sale of alluvial diamonds for the second half of 2018 from its Lulo project, in Angola, generating $2-million in revenues. The parcel consisted of 2 527 ct and achieved an average price of $800/ct. 

Alrosa reports Q2 results, reaffirms FY guidance

By: Mariaan Webb     23rd July 2018 Russian diamond mining major Alrosa has reported an 18% year-on-year production decrease in the second quarter, as the closure of the Mir underground mine in August last year and lower diamond grades continued to weigh on its operations. The miner produced 8.5-million carats in the second... 

De Beers to move 200 elephants from South Africa to Mozambique

By: Reuters     23rd July 2018 Diamond producer De Beers said on Monday it was relocating 200 elephants from its private reserve in South Africa to neighbouring Mozambique, part of wider efforts to restore wildlife populations ravaged by conflict there. The Anglo American unit said its 32 000 ha Venetia Limpopo Nature Reserve... 

Firestone achieves record quarterly production, meets yearly guidance

By: Marleny Arnoldi     23rd July 2018 Aim-listed diamond miner Firestone Diamonds achieved an ‘exceptional’ operational performance at its 75%-owned Liqhobong mine, in Lesotho, during the fourth quarter ended June 30. Recoveries for the quarter increased by 36.8% to 263 512 ct, resulting in the production of 835 832 ct for the full... 

Petra meets FY18 production guidance, but lowers FY19 forecast

By: Marleny Arnoldi     23rd July 2018 LSE-listed Petra Diamonds CE Johan Dippenaar on Monday said the company had achieved a solid progression for the full financial year ended June 30, after challenges in the 2017 financial year and in the first half of the 2018 financial year. Production rose by 15% year-on-year to 4.6-million... 

Tango Mining recovers 42.25 ct diamond from Northern Cape mine

By: Marleny Arnoldi     23rd July 2018 TSX-listed Tango Mining has recovered a 42.25 ct diamond from run-of-mine gravel at its Oena diamond mine, in South Africa’s Northern Cape. The diamond was recovered from the Oena central area and highlighted the production history of Oena, which is known to produce large, high-quality diamonds.  

Mining at Alrosa’s Zarya to start next year

By: Marleny Arnoldi     20th July 2018 Russian diamond mining group Alrosa’s Zarya diamond deposit in Sakha (Yakutia) is in its final stages before diamond mining will start next year. Since 2016, ten-million-cubic-metres of overburden were removed from the openpit mine, reaching a depth of 100 m. Drainage ditch construction,... 

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

Construction project boosts services demand
PROJECT OFFTAKE The Matla project is expected to start in September this year

Mountain Province says Gahcho Kué JV continues to perform well

By: Creamer Media Reporter      19th July 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production... 

De Beers brings Chidliak resource into its fold with C$107m Peregrine buy

By: Mariaan Webb     19th July 2018 Diamond major De Beers announced on Thursday that it would buy Canadian miner Peregrine Diamonds – the owner of the Chidliak diamond resource in Nunavut Territory – for C$0.24 a share, or C$107-million, in cash. The Chidliak resource, 120 km north-east of Iqaluit on Baffin Island, hosts 74... 

De Beers brings Chidliak resource into its fold with C$107m Peregrine buy

De Beers lifts Q2 production amid strong trading conditions

By: Marleny Arnoldi     19th July 2018 Diamond miner De Beers’ rough diamond production increased by 3% to nine-million carats in the second quarter of this year, reflecting production increases to meet stronger demand, as well as the contribution from the ramp-up at the joint venture Gahcho Kué mine, in Canada. De Beers’ Debswana... 

Merlin conjures up pink diamonds

By: Esmarie Iannucci     17th July 2018 The share price of ASX-listed Merlin Diamonds rose by more than 14% on Tuesday after the company announced that 32 pink diamonds, totalling 6.63 ct, have been recovered from its Merlin mine, in the Northern Territory. Merlin told shareholders that the company was encouraged by the discovery of... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

UP to host diamond exploration course in October

By: Nadine James     13th July 2018 The University of Pretoria (UP) will be hosting a short course on ‘Diamond Exploration and their Primary and Secondary Sources’ from October 23 to 26. The internationally recognized short course will be led by Tsodilo Resources nonexecutive director and geologist Dr Mike de Wit and resource... 

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction

By: Dylan Slater     13th July 2018 Contrary to the expected move towards employing a higher number of skilled personnel at mines to catalyse modernisation and mechanisation targets, the South African mining industry has backtracked, employing a significant number of unskilled personnel instead, according to a report compiled by... 

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction

Joburg to host ‘safe drilling’ event this month

By: Nadine James     13th July 2018 The DrillSafe initiative will host its inaugural Drill Safe Drill Rig & Safety Innovation Forum at the Glen Hove Conference Centre, in Johannesburg, on July 20.  The forum will explore innovations in to drilling equipment and the exploration work environment, explains DrillSafe founder and Colin... 

Joburg to host ‘safe drilling’ event this month
Photo by Creamer Media
SAFETY IS PARAMOUNT Colin Rice notes that almost every accident in an exploration drilling environment is related to human error

Angolan companies looking to find and exploit local gold and diamond reserves

By: Rebecca Campbell     13th July 2018 The Angolan Government has granted four new prospecting concessions for gold, the Macauhub news agency has reported. All four concessions have gone to partnerships formed by the State-owned Empresa Nacional de Ferro de Angola (Ferrangol – the National Iron Company of Angola) with various private... 

First diamond package at Tsodilo’s BK16 yields valuation of $197.68/ct

By: Creamer Media Reporter      12th July 2018 An independent evaluation of a package of diamonds recovered from TSX-V-listed Tsodilo Resources’ BK16 project, in Botswana, has yielded a valuation of, on average, $197.68/ct. The package comprised two parcels totaling 224 diamonds and a total weight of 34.35 ct. 

Rio Tinto unveils large vivid pink Argyle diamond

By: Creamer Media Reporter      12th July 2018 Rio Tinto has unveiled the largest vivid pink diamond in the history of its Argyle pink diamonds tender, during a preview in Sydney. The 3.14 ct polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink... 

WFDB appoints World Diamond Mark chairperson

By: Creamer Media Reporter      12th July 2018 Former Dubai Diamond Exchange president Peter Meeus has been appointed chairperson of the World Federation of Diamond Bourses’ (WFDB’s) World Diamond Mark (WDM) programme. “I am delighted that Peter has agreed to take over as chairperson of the WDM, which was created by the WFDB in 2012. Peter... 

World Diamond Congress to be held in Mumbai in October

By: Schalk Burger     11th July 2018 The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. “This is a very important meeting where we... 

Exploration at Botswana Diamonds JV project delivers encouraging results

By: Creamer Media Reporter      11th July 2018 The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled. A total of 267 KIMs were discovered,... 

Merlin readies for mining

By: Esmarie Iannucci     11th July 2018 ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory. The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the... 

Lulo delivers 114ct diamond for Lucapa

By: Esmarie Iannucci     11th July 2018 ASX-listed Lucapa Diamond Company has recovered a 114 ct diamond at its Lulo project, in Angola. The company on Wednesday said that the stone was recovered from alluvial Mining Block 6, and is the eleventh diamond over 100 carats recovered to date, and the third so far in 2018. 

Alrosa sells $2.6bn worth of diamonds in H1

By: Marleny Arnoldi     10th July 2018 Diamond miner Alrosa sold $390-million worth of rough and polished diamonds in June, taking half-year sales to $2.6-billion.  

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

Platinum jewellery heading for good year – PGI
Platinum Guild International CEO Huw Daniel talks to Mining Weekly Online’s Martin Creamer on platinum jewellery promotion. Video and Video Editing. Nicholas Boyd

Alrosa unearths soccer ball shaped diamond

By: Mariaan Webb     8th July 2018 Alrosa, the State-owned diamond miner of 2018 FIFA World Cup-host Russia, has unearthed a diamond that bears a resemblance to a soccer ball. The diamond was recovered on July 4, three days before the World Cup quarter finals, in which the Russian national football team lost to Croatia. 

Alrosa unearths soccer ball shaped diamond

Stornoway says Renard set for higher processing, carat recoveries in H2

By: Mariaan Webb     6th July 2018 The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year. The transition from openpit operations and the completion of... 

Stornoway says Renard set for higher processing, carat recoveries in H2
The Renard operation, in Quebec.

BlueRock lifts Kareevlei production by 81% y/y in H1

By: Nadine James     6th July 2018 Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year. Revenue per tonne processed amounted to $7.76. 

De Beers subsidiary's SYNTHdetect technology a finalist for industry innovation award

By: Creamer Media Reporter      6th July 2018 The International Institute of Diamond Grading & Research's (IIDGR's) SYNTHdetect synthetic diamond screening device has been shortlisted as a finalist for Industry Innovation of the Year in this year’s JNA Awards. SYNTHdetect, launched last year, is the first synthetic diamond screening device... 

De Beers subsidiary's SYNTHdetect technology a finalist for industry innovation award

Angola adopts new system for selling its diamonds

By: Rebecca Campbell     6th July 2018 The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and... 

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