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R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51
 

Diamonds News

Proxy advisers ISS, Glass Lewis support Washington Companies’ $1.2bn Dominion buy

By: Henry Lazenby     9th September 2017 TSX- and NYSE-listed Dominion Diamond Corp announced late on Thursday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have both recommended that Dominion shareholders vote in favour of suitor The Washington Companies’ $1.2-billion acquisition.... 

Tanzanian ministers implicated in diamond-mining probe quit

By: Bloomberg     8th September 2017 Two Tanzanian ministers resigned after President John Magufuli told government officials suspected of wrongdoing in an investigation into the nation’s diamond- and Tanzanite-mining industries to step down. Edwin Ngonyani, a deputy minister of works, transport and communication, said he resigned... 

Lucapa sells more diamonds, eyes second mine

By: Esmarie Swanepoel     8th September 2017 ASX-listed diamond miner Lucapa has reported gross proceeds of $7.4-million from its seventh sale of alluvial diamonds from the Lulo diamond project, in Angola. The company said that it had sold 3 214 ct in the last tender at an average of $2 298/ct. 

De Beers’ marine mining unit assessing feasibility of digital transformation

By: Ilan Solomons     8th September 2017 Diamond company De Beers’ marine mining division is currently running a pilot project to assess the feasibility of implementing digital transformation and thereby ensuring optimal operational excellence in the business unit and potentially throughout the rest of the group’s operations. De Beers... 

De Beers’ marine mining unit assessing feasibility of digital transformation
JJ VAN DER MERWE De Beers Marine Mining is seeking to ensure interoperability between different machines, devices, sensors and people to ensure clarity of communication

Myriad of opportunities in Zim’s mining sector

     8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Myriad of opportunities in Zim’s mining sector
Photo by Bloomberg
DIAMONDIFEROUS Zimbabwe has deposits of high-quality diamonds, which are in high demand on the global market

Success at C-Cut, but earlier design input needed 

By: Marleny Arnoldi     8th September 2017 Wear solutions provider Rio-Carb completed a liner supply project for diamond miner Petra Diamonds’ Cullinan mine, near Pretoria, in Gauteng, in June.  

Success at C-Cut, but  earlier design input needed
Rio-Carb GM Sias Suurd discusses challenges with liner installations and total cost of ownership in mineral processing plants. Video: Nichols Boyd. Editing: Lionel da Silva

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Alrosa records slight y-o-y increase in August diamond sales

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

Russia plans gem reform to compete with India's million workers
Deputy Finance Minister Alexey Moiseev

De Beers rough diamond sales drop in cycle 7

By: Natasha Odendaal     5th September 2017 Diamond giant De Beers’ seventh sales cycle for this year saw a decline in the value of rough diamonds sold after some of the demand was absorbed in cycle six owing to an early Diwali. De Beers recorded a provisional $505-million in diamond sales during the seventh cycle, compared with... 

Alrosa’s Ivanov appointed to Diamond Producers Association board

By: Creamer Media Reporter      4th September 2017 Russian mining giant Alrosa president Sergey Ivanov has been appointed to the board of the Diamond Producers Association (DPA). Founded in 2015, the DPA comprises seven leading diamond producers and aims to promote the industry through the implementation of marketing initiatives.  

Fatalities serve to remind industry of necessity to achieve zero harm – DMR

By: Ilan Solomons     1st September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

Fatalities serve to remind industry of necessity to achieve zero harm – DMR
Photo by Creamer Media
Department of Mineral Resources chief inspector of mines Mthokozisi Zondi

Trans Hex to close Baken mine, starts consultations with NUM

By: Creamer Media Reporter      1st September 2017 JSE-listed Tranx Hex will place its Baken mine, in the Northern Cape, on care and maintenance from November 1. The diamond miner on Friday said that, while every effort has been taken to sustain operations at the mine, its low-carat production and subsequent financial losses have made the... 

Mod doubles Botswana exploration budget

By: Esmarie Swanepoel     1st September 2017 Metals developer Mod Resources on Friday announced plans to double its exploration budget for the next 12 months to A$10-million, to further test its licence holdings in Botswana. Mod would extend drilling well beyond its T3 copper project, where a 70 hole diamond drilling campaign was... 

Service impresses, leads to ongoing work at Balama

By: Nadine James     1st September 2017 Prefabricated buildings manufacturer Kwikspace Modular Buildings expects to complete a multimillion-rand project for Mozambique mining company Twigg Exploration & Mining by the end of next month. Kwikspace CEO Shaun McCormack notes that the company first started work on Twigg’s Balama graphite... 

Service impresses, leads to ongoing work at Balama
RAISING THE ROOF Kwikspace was tasked with the supply and installation of lightweight roofing as well as fencing, and electrical and general work

Conveyor belts tackle Botswana diamond mining conditions

     1st September 2017 Rubber and plastics technology specialist ContiTech’s conveyor belts are in use by Botswana’s largest diamond producer. ContiTech’s conveyor belt technology is known for its high-impact-resistant conveyor covers, providing an extended belt life in real-field applications, that use advanced... 

Conveyor belts tackle  Botswana diamond mining conditions
RELIABLE RESISTANCE The ContiTech ForstressXP provides essential cut and gouge resistance

Prominent diamond miner invests in Botswana’s people

     1st September 2017 Diamond mining major De Beers announced in August that it has secured a $3-million, three-year partnership with tertiary education entity US-based Stanford Graduate School of Business (GSB) to empower young entrepreneurs and established business owners in Botswana, Namibia and South Africa. The... 

Prominent diamond  miner invests in Botswana’s people
LIFE EXTENSION Debswana’s Letlhakane mine tailings project will extend the life-of-mine by 25 years

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments yield  long-term savings – BMI
LONG-TERM BENEFIT BMI expexts long-term cost savings to benefit companies that are ahead of the curve when it comes to prioritising green strategies

Caldas Engineering

     1st September 2017 South Africa-based quality spare parts specialist for fixed and mobile crushing plants Caldas Engineering has been serving its customers for 21 years and ensures customer satisfaction while meeting the demands of its industry. With a comprehensive range of replacement wear parts for leading... 

Caldas Engineering

Show expected to achieve further growth

By: Nica Schreuder     1st September 2017 The number of exhibitors and visitors taking part in the Electra Mining Botswana exhibition and conference, since its inception in 2013, has increased by 17% and 8% respectively, with this years’ event expected to attract further key industry players in the mining, industrial and power generation... 

Show expected to achieve further growth
PROMISING PODIUM Electra Mining Botswana is said to be fast becoming a major mining exhibition and networking platform

Opportune time to invest in Botswana

By: Nica Schreuder     1st September 2017 The subdued global mining industry, owing to depressed commodity prices, has prompted Botswana to find alternative economic growth areas in other sectors of the country’s economy, simultaneously providing a prime investment opportunity, says Botswana Chamber of Mines (CoM) CEO Charles Siwawa.... 

Opportune time to invest in Botswana
Photo by Bloomberg
LIMITED OFFER Diamonds are a finite resource, which has prompted diamond-rich Botswana to diversify its economy

Alrosa to appoint international experts to probe Mir accident

By: Mariaan Webb     31st August 2017 Russian diamond major Alrosa has announced an independent investigation into the August 4 accident at its Mir underground mine, which was partly flooded by water from an openpit mine above it. The company will appoint an international auditor to conduct the assessment and has identified SRK... 

Alrosa to appoint international experts to probe Mir accident

De Beers marketing spend increase will boost global diamond sales – Blom

By: Creamer Media Reporter      30th August 2017 The global diamond and jewellery industries will benefit from De Beers and the Diamond Producers Association’s (DPA’s) increased marketing budgets, says World Federation of Diamond Bourses (WFDB) president Ernie Blom. Diamond miner De Beers on Tuesday reported that it would invest more than... 

Rio unveils red diamond from Argyle

By: Esmarie Swanepoel     30th August 2017 Mining major Rio Tinto has unveiled a 2.11 ct fancy red diamond in its latest tender of diamonds from the Argyle mine, in Australia. CEO Jean-Sebastian Jacques said this week that the market fundamentals for pink diamonds remained robust, adding that the combination of healthy demand and... 

De Beers pours cash in diamond ads with biggest spend since 2008

By: Bloomberg     29th August 2017 De Beers is planning to spend more money advertising diamonds than any time in the past decade to win back wealthy shoppers. The company, a unit of Anglo American Plc, boosted its marketing budget to $140-million this year, the most since 2008, according to a statement on Tuesday. Its three... 

World's first diamond futures exchange starts trading in India

By: Bloomberg     28th August 2017 The world’s first diamond futures exchange will begin trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. “Indian manufacturers most require this type of financial product,” said Sanjit Prasad, MD of the Indian... 

Corporate and govt cooperation needed to drive energy stability

By: Robyn Wilkinson     25th August 2017 There needs to be ongoing open dialogue between the corporate sector and government to ensure that energy supplies for mining projects are secured and stabilised timeously to take advantage of valuable economic opportunities in Africa, says Johannesburg-based consultancy Core Consultants founder... 

Corporate and govt cooperation needed to drive energy stability
LARA SMITH Governments’ lead times for approving new power plants in African countries are often too long, resulting in a failure to realise the full potential of valuable mining projects

Improve efficiencies before adopting new energy solutions

By: Robyn Wilkinson     25th August 2017 For many mines, there is still significant work to be done in terms of improving operating energy efficiencies, and a sound understanding of the benefits of digitalisation could be the key to unlocking considerable value in this endeavour, says professional services firm EY South Africa advisory... 

Improve efficiencies before  adopting new energy solutions
Photo by Bloomberg
STRATEGIC INVESTMENTS With a thorough understanding of its daily energy requirements, a mine can achieve clarity on where an injection of renewable energy can provide maximum benefit

Modular, mobile dry-type transformers ideal for Africa

By: Robyn Wilkinson     25th August 2017 As mining projects move into ever more remote locations in Africa, modular and mobile energy solutions – such as dry-type transformers – are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. 

Modular, mobile  dry-type transformers ideal for Africa
SAFER OPTION Dry-type transformers are completely flame-retardant and emissions free, using resin and vacuum-pressure impregnation to insulate windings and air as a cooling agent

Rental generators bridging solution for African mines

By: Robyn Wilkinson     25th August 2017 Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. 

Rental generators bridging solution for African mines
READY TO GO Aksa’s new generator rental fleet is well stocked and designed to operate in harsh conditions, providing the ideal interim power solution for mines expanding in Africa

Tax benefits for demonstrated energy savings at mines

     25th August 2017 Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa’s Income Tax Act, before it is too late, as this opportunity is limited until 2020. 

Tax benefits for demonstrated energy savings at mines
FUEL FOCUS Masana offers mines high-performance products and fuel management systems for improved haul road efficiencies and reduced heavy equipment maintenance

Angola pushes mining production increases and diversification

By: Keith Campbell     25th August 2017 Angola’s State-owned diamond group Endiama is going to encourage the development of semi-industrial cooperatives in each and every province of the country, to explore for diamonds. This was stated by Endiama Board member and group Director of Geology Luís Quitamba, the Angolan news agency Angop... 

Elegen

     25th August 2017 Edenvale-based original-equipment manufacturer Elegen has grown to be one of Africa’s largest generator manufacturer and suppliers, and has complemented its power-generation offering with the launch of its mobile pneumatic light-emitting diode (LED) lighting tower. This lighting tower has been... 

Elegen

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Incremental improvements now leading to energy efficiency
Zest WEG Group integrated sales executive Johan van Niekerk discusses the group’s energy efficiency technologies. Video and Editing: Lionel da Silva

Botswana Diamonds unearths potential discovery through public library

By: Dylan Slater     24th August 2017 Three obscure kimberlites in the Free State, near the origin of the South African diamond rush of the 1800s, have piqued the interest of diamond exploration and project development company Botswana Diamonds. Kimberlites are formed when volcanoes become extinct, with the potential of diamonds... 

Botswana Diamonds unearths potential discovery through public library
Photo by Duane Daws
James Campbell

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

Kareevlei grades, tender prices improve

By: Creamer Media Reporter      24th August 2017 Aim-listed BlueRock Diamonds has sold a parcel of 400.06 ct of diamonds, at an average price of $330/ct, in an August tender. The company, which operates the Kareevlei diamond mine, near Kimberley, on Thursday noted that the diamonds produced and sold at the tender had resulted in a grade of 2.07... 

Sberbank VP joins Alrosa as head of sales division

By: Creamer Media Reporter      23rd August 2017 Russian diamond mining group Alrosa has appointed former Sberbank VP Evgeny Agureev as director of its sales division. Agureev is succeeding Yury Okoemov, who acted as director of the United Selling Organisation of Alrosa (USO). 

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