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Diamonds News

Rockwell files for delisting shares from TSX

By: Henry Lazenby     22nd August 2017 Careworn alluvial diamond producer Rockwell Diamonds has decided to delist from the TSX, and instead list on the NEX, a third-tier trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards. The move follows the company’s South African subsidiaries entering... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

WorleyParsons developing black enterprises
WorleyParsons RSA CEO Denver Dreyer interviewed by Mining Weekly’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer

Simulators to facilitate training on new mining equipment

By: Simone Liedtke     18th August 2017 Tertiary education institution the Canadian Collège Communautaire du Nouveau-Brunswick (CCNB) plans to initially offer two mining programmes through its newly launched Mine Training Centre in September, after taking delivery of six military-grade Cybermine simulators in March. 

Simulators to facilitate training  on new mining equipment
CONTINUOUSLY CHANGING Servicing the construction, military and mining industries allows for the cross-pollination of technology, keeping ThoroughTec’s products up to date with the latest international simulation trends

DRC mining code’s shortcomings limiting sector’s contribution to fiscus – senator

By: Ilan Solomons     18th August 2017 The mining industry and the production of copper and cobalt in particular is of vital importance to the economy of the Democratic Republic of Congo (DRC). However, political, social and legislative stability is critical to ensuring the growth and sustainability of the sector, says DRC Senator... 

DRC mining code’s shortcomings  limiting sector’s contribution to fiscus – senator
Photo by Council on Foreign Relations
WORRYING TIMES Substantial challenges exist for companies that want to do business in the DRC owing to security concerns and general concerns regarding corruption

Women still not participating ‘extensively’ in mining sector – IFC

By: Mia Breytenbach     18th August 2017 Although mining companies are moving in the right direction with regard to women’s participation, women are still not participating extensively, meaning that effectively 50% of the population remains excluded, says International Finance Corporation (IFC) mining principal investment officer Robin... 

Women still not participating ‘extensively’ in mining sector – IFC
DIVERSIFICATION GOALS Goal establishment in terms of gender diversification is key, with systems that should be in place to ensure goals are met

Proximity detection system installation in final stages

By: Simone Liedtke     18th August 2017 Although proximity detection systems (PDS) are not a new concept, their roll-out in the South African mining industry is on the increase, with uptake escalating in light of legislation introduced by the Department of Mineral Resources (DMR) under the Mine Health and Safety Act (MHSA). A clause in... 

Proximity detection system installation in final stages
Photo by Monitech
INTELLIZONE PDS After a successful trial in 2015, the proxmity detection system was launched in South Africa in April last year

Gem mulls Ghaghoo buyout offer; H1 revenues decrease

By: Creamer Media Reporter      17th August 2017 LSE-listed Gem Diamonds, which on Thursday reported lower revenue and earnings for the six months to June 30, is considering an offer from an undisclosed party that is interested in buying its Ghaghoo mine, in Botswana, which was placed on care and maintenance earlier this year. The company in... 

Lucapa recovers more large diamonds

By: Esmarie Swanepoel     17th August 2017 Diamond miner Lucapa Diamond Company has recovered more large diamonds from its Lulo project, in Angola, including 83 ct and 68 ct Type IIa gems. In addition, five other 50-plus carat stones were also recovered. 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Technology set to unleash mining innovation – Anglo’s O’Neill
Anglo American technical director Tony O’Neill

Despite ongoing diamond breakage, Stornoway reports higher prices for its gems

By: Henry Lazenby     16th August 2017 Quebec-based miner Stornoway Diamond Corp has reported higher prices for rough diamonds produced at its flagship Renard mine, the Francophone province’s first diamond mine. For the three months ended June 30, Stornoway earned revenues of C$42.6-million, as rising rough diamond prices at Renard... 

Despite ongoing diamond breakage, Stornoway reports higher prices for its gems

Stellar extends exclusivity period for due diligence of Guinea assets

By: Natasha Odendaal     14th August 2017 Aim-listed Stellar Diamonds has extended the exclusivity period with financial corporation BDG Capital to August 31 for the conclusion of the due diligence process for the disposal of Stellar’s Guinea assets. In June, the West Africa-focused diamond company entered into a conditional binding term... 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Outlook stable for Anglo American – S&P's

By: Anine Kilian     11th August 2017 Ratings agency Standard and Poor’s (S&P’s) has given global mining company Anglo American a stable outlook, raising its long- and short-term corporate credit ratings to BBB-/A-3 from BB+/B. The agency also raised Anglo American’s long-term South Africa national scale rating to zaAAA from zaAA+,... 

Botswana's Debswana awards three-year camp management service contract

By: Ilan Solomons     11th August 2017 Botswana-based diamond mining company Debswana has awarded Botswana-based facilities management company BelServest a three-year camp management contract for its Jwaneng diamond mine, in south-central Botswana. BelServest will employ about 180 personnel and with a future planned camp upgrade and... 

Botswana's Debswana awards three-year camp management service contract
Photo by Duane Daws
FACILITY UPGRADING A comprehensive project to upgrade Jwaneng’s mine residents’ village started in November 2016 and will be completed by August 2019

40% BEE stake mulled for Venetia mine employee transporters

By: Mia Breytenbach     11th August 2017 Diamond miner De Beers has announced the launch of a major empowerment deal regarding the transportation of employees to and from its operations at the Venetia diamond mine, in Limpopo. In a high-impact, local procurement and empowerment initiative, Venetia mine, in partnership with VM Diamond... 

40% BEE stake mulled for Venetia mine employee transporters
HIGH-IMPACT INITIATIVE De Beers’ empowerment deal centres on the transportation of employees to and from its operations at the Venetia diamond mine

Interest returning to Africa in response to commodities resurgence

     11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Interest returning to Africa in response to commodities resurgence
INTEGRAL EVENT The importance of Africa Down Under continues to be reflected in the number of high-profile attendees it welcomes to Australia’s mining capital each year

C-Cut Phase 1 project 89% complete, three months ahead of schedule

By: David Oliveira     11th August 2017 LSE-listed diamond miner Petra Diamonds’ R4,6-billion C-Cut Phase 1 expansion programme at its Cullinan mine, in Gauteng, is three months ahead of schedule. This is according to Petra Diamonds mining executive Teon Swanepoel, who spoke at an event sponsored by the Southern African Institute of... 

South Africa’s mining production down 0.8% y/y in June

By: Creamer Media Reporter      10th August 2017 South Africa’s mining production decreased by 0.8% year-on-year in June, driven by lower gold, iron-ore and platinum group metals (PGMs) output. Gold production was down 3.6% year-on-year, while iron-ore output slid 4.4% year-on-year and PGMs 13.7% year-on-year. 

BlueRock raises £860 000 for Kareevlei

By: Creamer Media Reporter      10th August 2017 Aim-listed BlueRock Diamonds has raised £860 000 through the issue of 68.8-million shares at a price of 1.25p apiece to further develop mining operations at its Kareevlei mine, near Kimberley, in the Northern Cape. BlueRock on Thursday said its blast programme at the mine had completed the... 

Washington picks new CEO to run $1.2bn Dominion Diamond

By: Bloomberg     10th August 2017 Montana-billionaire Dennis Washington has hired Patrick Evans to run Dominion Diamond Corp. after he agreed to buy the business for $1.2-billion last month. “We are pleased that Patrick will become CEO of Dominion Diamond Corp. upon closing of the transaction," said Lawrence Simkins, president of... 

Firestone Diamonds revises FY18 guidance downwards

By: Natasha Odendaal     8th August 2017 Aim-listed Firestone Diamonds’ Liqhobong diamond mine, in Lesotho, is now expected to produce between 800 000 ct and 850 000 ct in the 2018 financial year. This is lower than the one-million carats previously targeted and is expected to impact revenues in the financial year to June 30, 2018. 

Lucara lowers FY production, sales guidance

By: Anine Kilian     4th August 2017 Vancouver-based diamond producer Lucara Diamonds, which operates the Karowe mine, in Botswana, has lowered its full-year production guidance to between 265 000 ct and 285 000 ct, compared with the previously targeted 290 000 ct to 310 000 ct, as a result of lower mined ore volumes in the second... 

Sean Gilbertson takes over Gemfields' reins as new CEO

By: Martin Creamer     4th August 2017 Long-serving Gemfields executive board member Sean Gilbertson, who was recently appointed executive director of Pallinghurst, is the new CEO of Gemfields, the coloured gemstone mining and marketing company that has delisted from the London Aim and is now an unlisted subsidiary of Pallinghurst.... 

Sean Gilbertson takes over Gemfields' reins as new CEO
New Gemfields CEO Sean Gilbertson

Diamcor FY17 revenue rises as Krone-Endora project advances

By: Anine Kilian     4th August 2017 TSX-V-listed Diamcor Mining reported earnings revenue of $5.93-million from the sale of 32 627.97 ct of rough diamonds at an average price of $136.89/ct in the financial year ended March 31. This compared with revenue of $4.47-million earned in the prior financial year from the sale of 24 068.01... 

Virtual reality experience aids mine design analysis

By: Nadine James     4th August 2017 Virtual reality (VR) provides an immersive experience which makes it easier for project managers to make decisions on and improve project designs, and to undertake other activities that ensure the effective implementation of their strategies, believes the University of Pretoria's (UP’s)... 

Virtual reality experience aids mine design analysis
ACTUAL BENEFITS Aside from improving the decision-making process, virtual reality ensures that risky incidents are reduced

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce 

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing transformation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce
Vedanta Resources Zinc International and CMT CEO Deshnee Naidoo discusses the progress made in increasing women representation. Camerawork and Editing: Darlene Creamer.

Botswana Diamonds raises funds for Vutomi JV

By: Creamer Media Reporter      3rd August 2017 Aim-listed Botswana Diamonds has raised £868 576 through the issue of 79.48-million new ordinary shares to take its Vutomi JV project, at Frischgewaagt, in South Africa, to inferred resources status and to continue its exploration activities. Pursuant to the receipt of conversion notices from... 

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

De Beers announces new appointments to executive committee

By: Creamer Media Reporter      2nd August 2017 De Beers has appointed Ann Cormack executive head of human resources, David Prager executive VP of corporate affairs and Nancy Liu COO of Forevermark. Cormack will succeed Arthur Hewett as human resources executive head, as of October 2017. 

Romanov dynasty gets nod in trove with record Russia diamond

By: Bloomberg     2nd August 2017 The most-expensive diamond ever polished in Russia will be shown in Moscow as part of a collection of gems named after the dynasties of the Romanov-era Imperial Court. In 2015, Alrosa discovered a giant, 179-ct rough diamond in a mine in the northeast region of Sakha, naming it Romanov after the... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017

Diwali boosts sales in De Beers’ sixth sales cycle

By: Creamer Media Reporter      1st August 2017 De Beers’ sixth sales cycle for this year saw the trend of consistently good demand for its rough diamonds continue, with $572-million of diamonds sold. This compares with the $528-million of diamonds sold in the sixth cycle of last year and the $541-million of diamonds sold in the fifth sales... 

PEA recommends opencut diamond mine in eastern Finland – Karelian

By: Mariaan Webb     1st August 2017 Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds. The PEA, which was... 

PEA recommends opencut diamond mine in eastern Finland – Karelian

Zim piling up gold, diamonds to back new currency – VP

By: News24Wire      31st July 2017 Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. 

Lucara’s search to sell giant ‘Lesedi La Rona’ diamond leads beyond the ‘Ferrari-buying type’

By: Henry Lazenby     29th July 2017 It is one thing to find big flawless diamonds, but an entirely different ball game to sell large diamonds as big as the ‘Lesedi La Rona’ stone that Lucara Diamond Corp recovered from its Karowe mine, in Botswana. “It’s difficult for people to understand what a rough diamond would yield. It’s hard... 

Lucara’s search to sell giant ‘Lesedi La Rona’ diamond leads beyond the ‘Ferrari-buying type’
Photo by Lucara Diamond Corp
The Lesedi La Rona diamond is the world's second-largest diamond ever found

Cash-strapped ASA Resource Group suspends trading on Aim

By: Samantha Herbst     28th July 2017 Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The Africa-focused miner attributed its cash constraints to currency restrictions imposed by the Reserve Bank of... 

UP short diamond course in October

By: Dylan Slater     28th July 2017 The sixth edition of a yearly short course on diamonds will take place at the University of Pretoria (UP) from October 24 to 26, with an insight-enhancing underground diamond mine excursion offered on October 27.  

Cash-gushing Anglo restarts dividend as earnings double

By: Martin Creamer     27th July 2017 The underlying earnings of diversified mining company Anglo American have more than doubled in the six months to June 30, when the generation of cash in the half year was more than all of 2016. Earnings hit the $1.5-billion mark and cash flow soared to $2.7-billion. 

Cash-gushing Anglo restarts dividend as earnings double
Photo by Duane Daws
Anglo American CEO Mark Cutifani

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