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Diamonds News

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Voorspoed mine cohosts study camp for matric students

By: Nadine James     10th November 2017 More than 370 matric learners from various schools in the Fezile Dabi district, in the Free State, benefited from De Beers’ Voorspoed mine’s education camp programme, which ran from October 15 to 22, at Landbou Skool in Kroonstad. The Voorspoed mine and the Free State Department of Education in... 

Modular Reflux Classifier launched

By: Mia Breytenbach     10th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier (RC) plant, which is suitable for fines gravity separation applications. This integrated engineered modular solution is based on a fundamental component – FLSmidth’s... 

Modular Reflux Classifier launched
Photo by Duane Daws
DEON DE KOCK With this modular plant, we can really live our vision by delivering that extra value

Tsodilo to treat BK16 samples to recover diamonds, assess economic viability

By: Mia Breytenbach     9th November 2017 Following a completed drilling and bulk sampling programme at TSX-listed Tsodilo Resources’ 100%-owned BK16 kimberlite project, in Botswana’s Orapa kimberlite field (OKF), the company will treat the samples to recover diamonds and determine the grade, quality and size distribution of the... 

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

Alrosa recovers two 100-ct-plus diamonds from Jubilee pipe

By: Creamer Media Reporter      9th November 2017 The Jubilee (Yubileynaya) pipe at Aikhal mining and processing division of Russian miner Alrosa has yielded two gem-stone quality diamonds of more than 100 ct each last year. The smallest of the two stones is a 108.34 ct rough diamond, measuring 23 mm by 20.56 mm by 17.86 mm. The other stone is a... 

Rockwell subsidiaries’ liquidation application postponed to March; Ascot eyes gap for acquisition

By: Natasha Odendaal     9th November 2017 With the liquidation application for three JSE-listed Rockwell Diamonds subsidiaries postponed to March next year, Ascot Diamonds can now continue its bid for the subsidiaries and, subsequently, the acquisition of N9C Resources, one of Rockwell’s Cayman Islands subsidiaries. The Canadian alluvial... 

Tsodilo drilling programme shows solid business case for BK16

By: Megan van Wyngaardt     8th November 2017 A recently completed drilling and bulk sampling programme at TSX-listed Tsodilo Resources’ 100%-owned BK16 kimberlite project, in the Orapa kimberlite field (OKF), in Botswana, has returned positive results. The $1.7-million programme was completed on time and within budget and focused on bulk... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Trans Hex expects to report H1 loss

By: Anine Kilian     7th November 2017 JSE-listed Trans Hex expects to report a loss a share of 188.4c for the six months ended September 30, the company said in a trading statement on Tuesday. Its headline loss a share is expected to be 195.1c, compared with headline earnings a share of 31.4c in the previous corresponding period. 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Stornoway reports rising prices for Renard diamonds; Q3 output, grade outperform plan

By: Henry Lazenby     4th November 2017 Quebec diamond miner Stornoway Diamond Corp has reported strong operating results for the third quarter ended September, with diamond output and the Renard mine's grade performing above plan. Stornoway sold a total of 405 643 ct during the quarter in two tender sales, with gross proceeds of... 

Stornoway reports rising prices for Renard diamonds; Q3 output, grade outperform plan
Photo by Stornoway Diamond Corp
Stornoway's Renard mine is Quebec's only diamond producer

Alrosa's Vladivostok special-stone auction brings in $9m

By: Creamer Media Reporter      3rd November 2017 Diamond miner Alrosa has netted $9-million in the special-size rough diamond auction that was held at its branch in Vladivostok in late October. The company sold 66 stones with a total weight of 1 084 ct. Alrosa said the most expensive diamond was a 40.47 ct stone that sold for more than... 

PEA supports development of underground mine at Lucara’s Karowe

By: Natasha Odendaal     3rd November 2017 A preliminary economic assessment (PEA) has revealed the potential for the development of an underground mine at Karowe, in Botswana, TSX-listed Lucara Diamond said on Friday. The Vancouver-based diamond producer is considering the development and commissioning of an underground mine after the... 

De Beers posts 46% higher diamond output

By: Mia Breytenbach     3rd November 2017 Diamond major De Beers’ rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions, as well as the contribution from the ramp-up of the Gahcho Kué joint venture diamond mine, in Canada. Production in Canada... 

De Beers posts 46% higher diamond output
CANADIAN SUCCESS Production in Canada increased five-fold to 1.1-million carats

Scarce funding necessitates effective project management

By: Simone Liedtke     3rd November 2017 The South African mining industry is not a sunset industry, but will continue its decline until there is a significant change in the relationship between industry stakeholders, such as government, labour and mining companies, states Paradigm Project Management (PPM) director Jeremy Clarke. 

Scarce funding necessitates  effective project management
Photo by Duane Daws
JEREMY CLARKE A common belief is that money should not be spent on project management

Alrosa reaffirms commitment to long-term contracts

By: Creamer Media Reporter      1st November 2017 Russian diamond giant Alrosa has reaffirmed its commitment to channel 70% of its sales to key customers governed by three-year contracts. Alrosa started implementing long-term contracts in 2009 and has said that the sales practices had repeatedly proved its efficiency. 

Gem Diamonds reports increase in Q3 diamond sales

By: Anine Kilian     31st October 2017 Sales from Aim-listed Gem Diamonds’ Letšeng mine, in Lesotho, increased by 19% year-on-year to $48.1-million in the third quarter ended September 30. The company attributed this to improved demand for high-value rough diamonds, which benefited prices. 

Karelian granted permit to explore in area where it found green diamond

By: Mariaan Webb     27th October 2017 The Finnish Mining Authority has granted Karelian Diamonds an exploration permit in the Kuhmo region, where it had discovered a green diamond at the start of the year. The permit covers an area of 60.67 ha and is valid for four years. 

Openpit mining prolific in recovery of miner’s diamonds

     27th October 2017 Openpit mining is the most common method of recovering its diamonds, says international diamond company De Beers, which operates several opencast mines in Africa, namely South Africa and Botswana. De Beers Consolidated Mines (DBCM), formed in 1888, is South Africa’s largest rough diamond... 

Openpit mining  prolific in recovery  of miner’s diamonds
ORAPA Orapa is the oldest operating mine in Botswana and the largest openpit diamond mine in the world. The mine is expected to produce 145-million carats from 157-million tonnes of ore during its 14-year life

Small-scale opencast mining to boost industry

By: Nica Schreuder     27th October 2017 For diamond mining company De Beers’ Venetia mine GM, Benford Mokoatle, opencast mining is the future, owing to changing priorities and mindsets within industry, which must occur to sustain the mining industry in South Africa. Specifically, Mokoatle says the country must begin focusing on... 

Small-scale opencast  mining to boost industry
THINK SMALL Big industries and big underground mines are too capital intensive

Brown appoints executives at Denel, Safcol and Alexkor

By: Creamer Media Reporter      26th October 2017 Public Enterprises Minister Lynne Brown has appointed Zwelakhe Ntshepe group CEO of Denel. He joined Denel 21 years ago and most recently served as acting group CEO. 

Brown appoints executives at Denel, Safcol and Alexkor
Photo by Duane Daws
Zwelakhe Ntshepe

Resources Watch  

     26th October 2017 Exploration, junior culture needed to save mining; Young HDSA diamond beneficiators doing well; And, Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

Resources Watch
Resources Watch

Relook at low-carat pipes could spring big diamond surprises   

By: Martin Creamer     25th October 2017 Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged. Although diamond company De Beers walked away... 

Relook at low-carat pipes could spring big diamond surprises
Florida International University’s Stephen Haggerty outline’s the big diamond potential of very low-grade diamond kimberlites to Mining Weekly Online’s Martin Creamer. Photograph: Duane Daws. Video and Editing: Lionel de Silva

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Botswana Diamonds discovers eight kimberlites at Free State project

By: Anine Kilian     24th October 2017 Aim-listed Botswana Diamonds has discovered eight group one kimberlites at its Free State project.   Active exploration has begun on the project, which comprises four prospecting rights covering 50 000 ha of ground within a kimberlite cluster, which has the iconic diamond mines of Jagersfontein... 

Stellar receives environmental licence for Tongo project

By: Anine Kilian     24th October 2017 Sierra Leone’s Environmental Protection Agency has granted Aim-listed Stellar Diamonds an environmental licence for its Tongo diamond mining project. It is now expected that the National Minerals Agency will draw up the Tongo mining licence for consideration. 

De Beers’ Q3 output rises 46% y/y

By: Mia Breytenbach     24th October 2017 Diamond major De Beers’ rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions, as well as the contribution from the ramp-up of the Gahcho Kué joint venture mine, in Canada. Production in Canada... 

De Beers’ Q3 output rises 46% y/y

Alrosa reaffirms 2017 guidance of 5% production growth

By: Mariaan Webb     24th October 2017 Diamond giant Alrosa remains on track to produce 39.3-million carats in 2017, the company’s first VP Igor Sobolev reported this week, pointing out that output for the first nine months of the year had increased by 6% year-on-year. Alrosa produced 29.54-million carats in the first nine months of... 

Petra reports strong Q1 performance, despite strike, Tanzania export ban

By: Creamer Media Reporter      23rd October 2017 Despite labour disruptions at LSE-listed Petra Diamonds’ Finsch, Koffiefontein and Kimberley Ekapa Mining (KEM) Joint Venture (JV) operations in late September, CEO Johan Dippenaar says the group achieved a strong start to the 2018 financial year. Production for the quarter was down 4%... 

Lucapa boosts Lesotho diamond project’s economics

By: Esmarie Swanepoel     23rd October 2017 A new development plan for the Mothae kimberlite diamond mine, in Lesotho, has significantly improvedproject economics, ASX-listed Lucapa Diamonds reported on Monday. Lucapa’s initial plans for the Mothae project would have seen the company process some two-million tonnes of mainly weathered,... 

Alrosa finds 34 ct yellow diamond

By: Creamer Media Reporter      20th October 2017 Russian miner Alrosa’s Almazy Anabara has extracted a large, 34.17 ct yellow diamond at its Ebelyakh alluvial deposit. The rough diamond measures 20.17 by 19.65 by 15.1 mm and is a transparent intense yellow crystal with a small inclusion in the intermediate zone. 

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

By: Martin Creamer     18th October 2017 London- and Botswana-listed Botswana Diamonds, which is funding diamond exploration on three sites in South Africa, expects to declare an inferred resource by year-end at its Thorny River project in Limpopo, which is located very close to the Marsfontein mine that had an astonishing... 

Diamond exploration intensifying close to mine that paid for itself in 3.5 days
Botswana Diamonds MD James Campbell talks to Mining Weekly Online's Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Lionel da Silva

As banks flee diamond trading, a startup plans to fill the gap

By: Bloomberg     18th October 2017 As major banks abandon the diamond trading world, one new lender is preparing to jump in. Dfin, a London-based corporate finance firm that specializes in the diamond sector, plans to lend $250-million to diamond polishers, cutters and traders -- known in the industry as the midstream -- over the... 

South African mining industry must modernise – Chamber of Mines

By: Dylan Slater     18th October 2017 The South African mining industry has to modernise as a matter of urgency in order to halt job cuts in the industry, as well as to create more jobs, says Chamber of Mines modernisation and safety head Sietse van der Woude. Delivering a keynote address at diversified engineering solutions company... 

Young HDSA diamond beneficiators doing well – De Beers 

By: Martin Creamer     17th October 2017 The model launched last year by De Beers for the development of young historically disadvantaged South Africans (HDSAs) as diamond beneficiators is proving highly successful, De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala said on Tuesday. Speaking to Mining Weekly Online on the... 

Young HDSA diamond beneficiators doing well – De Beers
De Beers Senior VP Sightholder Sales South Africa Mpumi Zikalala talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd and Lionel de Silva.

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