http://www.miningweekly.com
R/€ = 16.86 Change: -0.04
R/$ = 14.37 Change: -0.05
Au 1198.96 $/oz Change: -9.26
Pt 828.00 $/oz Change: -8.99
 

Diamonds News

Alrosa reports strong Q1 earnings growth

By: Creamer Media Reporter      16th May 2018 Improved market conditions and costs controls have seen diamond miner Alrosa delivered strong first-quarter financial results, with net profit doubling to 33.2-billion rouble. Earnings before interest, tax, depreciation and amortisation increased by 78% on the preceding quarter to 48-billion... 

Mountain Province welcomes former De Beers CFO as new CEO

By: Henry Lazenby     15th May 2018 Canadian diamond producer Mountain Province Diamonds has appointed Stuart Brown as incoming president and CEO, effective from July 1, to replace interim president and CEO David Whittle, who took the helm following the immediate departure of former president and CEO Patrick Evans in June last... 

Botswana President eyes jobs in new 'marriage' with De Beers

By: Bloomberg     15th May 2018 Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its... 

Alrosa steps up diamond marketing as miner eyes more cutting

By: Bloomberg     15th May 2018 Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year... 

Alrosa steps up diamond marketing as miner eyes more cutting
Alrosa CEO Sergey Ivanov

Liqhobong GM to succeed Brown as CEO of Firestone Diamonds

By: Simone Liedtke     14th May 2018 Paul Bosma has been appointed to succeed Stuart Brown as CEO of Aim-listed Firestone Diamonds, with effect from July 1. Bosma has more than 24 years’ experience in the mining industry, of which 14 years have been in the diamond sector working for diamond major De Beers. 

Billionaire Beny Steinmetz is digging for diamonds again

By: Bloomberg     14th May 2018 Billionaire Beny Steinmetz is back to mining diamonds. The Koidu mine in Sierra Leone, controlled by the billionaire’s family trust, has started mining again after halting production for almost a year. It’s the latest step in a recovery for a business that’s spent much of the last few years in... 

World Diamond Congress cancelled

By: Anine Kilian     11th May 2018 The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have cancelled this year’s World Diamond Congress, which was due to be held in Tel Aviv, Israel, in June, as a result of a weak response to registration for the event. The organisations... 

Russia’s Alrosa renews cooperation with Belgium diamond centre

By: Rebecca Campbell     11th May 2018 Russian diamond mining major Alrosa and the Antwerp World Diamond Centre (AWDC) entered a new extended cooperation agreement late last month. The agreement was signed in Moscow by Alrosa CEO Sergey Ivanov and AWDC CEO Ari Epstein, the miner reported in a press release. The new deal both extends... 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

De Beers marks first digital tracking of a diamond’s journey from mine to jeweller

By: Natasha Odendaal     10th May 2018 Diamond conglomerate De Beers Group has successfully tracked 100 high-value diamonds along the value chain during the pilot phase of its new industry blockchain platform. A selection of rough diamonds, mined by De Beers, were tracked through an immutable and secure digital trail that was created... 

Lucara Q1 loss widens

By: Anine Kilian     9th May 2018 Lower revenues, higher depletion and amortisation costs and higher administrative and other expenses contributed to a widening in Lucara Diamonds’ net loss to $7-million for the quarter ended March 31, compared with a loss of $1.5-million in the first quarter of 2017. The Vancouver-based miner,... 

Zimbabwe Parliament delays Mugabe's questioning on diamond revenue

By: Reuters     8th May 2018 Former President Robert Mugabe will not appear before Zimbabwe's Parliament as scheduled on Wednesday to answer questions on diamond mining operations, a legislator said. Temba Mliswa, who leads the Parliamentary committee on mines, said the clerk of parliament hadn't written to Mugabe to invite... 

De Beers reports significant increase in diamond production

By: Rebecca Campbell     4th May 2018 Diamond group De Beers has reported that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at... 

Lucapa recovers largest coloured diamond from Lulo

By: Marleny Arnoldi     3rd May 2018 Lucapa Diamonds has recovered a large 46 ct gem-quality pink diamond from its Lulo mine, in Angola.  

Lucapa recovers largest coloured diamond from Lulo
Lucapa Diamonds' 46 carat pink diamond recovered from the Lulo project in Angola

Alrosa nets $14.8m in Vladivostok large diamond auction

By: Creamer Media Reporter      3rd May 2018 The United Selling Organisation (USO) of Alrosa has sold 101 special size diamonds (weighing more than 10.8 ct) at its most recent auction in Vladivostok, netting a total revenue of $14.8-million. The Russian diamond mining company invited 86 companies from the world’s main diamond trading hubs,... 

Botswana Diamonds, Vast to collaborate on Zim diamond mining

By: Marleny Arnoldi     2nd May 2018 Aim-listed Botswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.  

Botswana Diamonds, Vast to collaborate on Zim diamond mining
Botswana Diamonds chairperson John Teeling

Gem Diamonds appoints deputy CEO

By: Marleny Arnoldi     2nd May 2018 Diamond miner Gem Diamonds has appointed COO Johnny Velloza as deputy CEO with immediate effect.  

Lucara appoints new MD for Botswana subsidiary

By: Marleny Arnoldi     2nd May 2018 Diamond miner Lucara Diamond Corporation on Tuesday announced that its Botswana subsidiary Boteti Mining’s CFO and director, Naseem Lahri, has been promoted to Boteti Mining MD.  

Halted Botswana diamond mine to be sold at online auction

By: African News Agency      1st May 2018 A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.com. The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales,... 

Halted Botswana diamond mine to be sold at online auction

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

Kimberley Diamonds' Botswana mine to be auctioned online

By: Bloomberg     30th April 2018 A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers. Online bids for the Lerala Diamond Mine open at 17:00 on May 24 and run through 14:00 on May 30, according to a statement published in the weekly Monitor newspaper by the... 

Gem lifts Q1 production, sales

By: Anine Kilian     26th April 2018 LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat recoveries also rose by 10% on the 30 560 ct recovered in the December 2017 quarter. 

Lucara recovers 327 ct diamond from Karowe

By: Anine Kilian     26th April 2018 Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana.  Eight diamonds greater than 100 ct have now been recovered at Karowe since the beginning of the year, including a 472 ct diamond. 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Newfield Resources’ acquisition of Stellar Diamonds clears all hurdles

By: Marleny Arnoldi     25th April 2018 With all conditions for the proposed acquisition by Australian diversified exploration company Newfield Resources of Aim-listed Stellar Diamonds, now met, the acquisition will become effective from April 26.  

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

Namibia may scrap black ownership requirements for mining companies – minister

By: Reuters     25th April 2018 Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday. Regional peers such as Angola and Zimbabwe are also trying to... 

De Beers reports rise in Q1 output

By: Rebecca Campbell     24th April 2018 Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater... 

Petra’s value over volume production strategy paying off

By: Simone Liedtke     23rd April 2018 The make-up of production at diamond miner Petra Diamonds is transforming, with higher-value run-of-mine (RoM) production having represented about 82% of the company’s carat volume during the quarter ended March 31. This, the company said on Monday, was in line with the company’s focus on value... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Trans Hex to dispose of Lower Orange River operations

By: Simone Liedtke     20th April 2018 JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million. The agreement includes the disposal of the... 

Diamond miner Alrosa’s first-quarter production slumps

By: Mariaan Webb     20th April 2018 Diamond miner Alrosa on Friday reported a 17% year-on-year decrease in its first-quarter production, as the shutdown of the Mir underground division weighed on its performance and lower-grade ores were processed from the Jubilee pipe. The miner produced 7.42-million carats in the quarter,... 

Diamond miner Alrosa’s first-quarter production slumps

First phase of Lesotho diamond mine project poised for commercial production in second half of 2018

By: Mia Breytenbach     20th April 2018 Angola- and Lesotho-focused diamond miner Lucapa Diamond Company believes that once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines... 

First phase of Lesotho diamond mine project poised for  commercial production in second half of 2018
MINING POTENTIAL Lucapa made its first diamond recoveries from Mothae last month, with the largest of the about two dozen diamonds recovered in the first test run being 6.6 ct

Alrosa opens Mumbai representative office

By: Creamer Media Reporter      19th April 2018 Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Letšeng mining lease to be extended – Gem 

By: Anine Kilian     19th April 2018 The Lesotho government has announced its intention to renew JSE-listed Gem Diamonds’ Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     19th April 2018 Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

De Beers to launch pilot programme to aid artisanal, small-scale miners

By: Marleny Arnoldi     19th April 2018 Diamond miner De Beers is preparing to pilot a programme, called GemFair, to support the formalisation of artisanal and small-scale (ASM) diamond mining and trading.  

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

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