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Diamonds News

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... 

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... 

Cullinan mine moves to centralised blasting to improve safety, efficiency  

By: Nadine James     6th July 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Cullinan mine moves to centralised blasting to improve safety, efficiency
BME technology and innovation product manager Neil Alberts explains the AXXIS centralised blasting system. Camerawork and editing: Nicholas Boyd.

Petra to sell KEM JV stake to Ekapa for R300m

By: Creamer Media Reporter      5th July 2018 LSE-listed Petra Diamonds and its black economic empowerment partners plan to sell their 75.9% interest in the Kimberley Epaka Mining (KEM) joint venture (JV) to JV partner Ekapa Mining for about R300-million. The KEM JV incorporates the Kimberley Underground mine, extensive tailings retreatment... 

Lucapa delivers more diamonds in June quarter

By: Esmarie Iannucci     5th July 2018 Diamond miner Lucapa Diamond Company has reported a 20% increase in production at its Lulo project, in Angola during the June quarter. Themine produced 5 058 carats of diamonds during the three months to June, up from the 4 203 produced in the previous corresponding period, with the total weight... 

Angola to recover overseas funds by year-end, Lourenco says

By: Bloomberg     4th July 2018 Angola plans to start recovering large funds held by citizens in overseas accounts toward the end of the year under a law meant to repatriate cash that was illegally moved abroad, President Joao Lourenco said. Lourenco said in December that the government wouldn’t ask any questions if wealthy... 

Operations to resume at Stornoway's Renard

By: Creamer Media Reporter      4th July 2018 Quebec diamond miner Stornoway Diamond Corp will remobilise its staff to the Renard mine and resume full operations on Wednesday, after rainfall and a shifting of prevailing winds have allowed wildfires to be contained. The company ceased operations on Monday as a safety precaution, after fires... 

Stornoway suspends operations at Renard owing to fire

By: Creamer Media Reporter      2nd July 2018 Quebec diamond mine owner and operator Stornoway Diamond Corporation said on Monday that mining operations at the Renard diamond mine have been temporarily suspended, owing to a forest fire. On Monday morning, the fire was located 12.6 km south of the mine, but just 3.6 km south of the Clarance... 

Petra receives valid acceptances for 94.97% of rights issue shares

By: Simone Liedtke     29th June 2018 Petra Diamonds has received valid acceptances in respect of 316.92-million shares, representing about 94.97% of the rights issue shares offered in a five to eight rights issue announced in May. Further, subscribers have been procured for 16.7-million rights issue shares, for which valid... 

Rockwell unable to file financial year-end results by required deadline

By: Anine Kilian     29th June 2018 JSE-listed Rockwell Diamonds will not be able to file audited versions of its annual financial statements for the year ended February 28, by the required deadline of June 30, the company said in a statement on Friday. The embattled company's shares were delisted from the TSX at the end of August... 

Lucapa recovers 89ct diamond in Lesotho

By: Esmarie Iannucci     29th June 2018 Diamond miner Lucapa Diamond Company has recovered an 89 carat yellow diamond from the current bulk sampling programme at its Mothae project, in Lesotho. The bulk sampling programme is designed to expand and improve the current Mothae resource by processing areas of the kimberlite pipe which... 

Gem appoints interim technical adviser as deputy CEO resigns

By: Simone Liedtke     28th June 2018 LSE-listed Gem Diamonds deputy CEO Johnny Velloza intends to leave the company as an executive on September 15. A search for his successor is under way, but in the interim, Gavin Beevers will join the company as technical adviser from July 1, during the handover period and beyond. 

Petra’s Cullinan mine uses new centralised blasting system to improve safety, productivity

By: Nadine James     27th June 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Petra’s Cullinan mine uses new centralised blasting system to improve safety, productivity

Karowe resource update supports continued recovery of high-value diamonds – Lucara

By: Simone Liedtke     27th June 2018 An updated mineral resource estimate on TSX-listed Lucara Diamond’s Karowe mine, in Botswana, supports the continued recovery of large, high-value diamonds from the South Lobe throughout the remaining life of the openpit and the likelihood for underground mining until at least 2036, CEO Eira... 

Alrosa to base dividends on free cash flow - Ministry

By: Reuters     26th June 2018 Russian State-controlled diamond miner Alrosa will base its dividend payments on free cash flow rather than net profit starting from 2018, the Finance Ministry said on Tuesday. The company's dividend payouts will not be lower than 50% of net profit, the ministry added. 

De Beers sells $575m of rough diamonds in latest sales cycle

By: Creamer Media Reporter      26th June 2018 De Beers sold $575-million worth of rough diamonds in the fifth sales cycle of this year. This is higher than the $554-million worth of rough diamonds sold in the fourth sales cycle of this year, as well as the $541-million worth of rough diamonds sold in the fifth sales cycle of last year. 

Tango mobilises additional equipment for processing Oena tailings

By: Marleny Arnoldi     25th June 2018 Diversified junior miner Tango Mining has produced 95 diamonds, weighing 152.63 ct, at its Oena alluvial diamond operation, in South Africa’s Northern Cape province, for the production period ending June 14.  

BlueRock resumes production at Kareevlei

By: Creamer Media Reporter      22nd June 2018 Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley. The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput. 

Trans Hex posts R187m loss for FY18

By: Nadine James     21st June 2018 JSE-listed diamond miner Trans Hex on Thursday reported a R186.8-million loss for the financial year ended March 31, 2018, with its loss a share amounting to 175.6c and its headline loss a share to 216.5c. The group’s net loss from discontinued operations, including retrenchment costs of... 

Resources Watch 

21st June 2018 De Beers concludes R600m transport empowerment deal at Venetia diamond mine And, Mandela Mining Precinct partner boasts simulation capabilities, serves as ‘test-bed’ for Mining 4.0 technologies 

Resources Watch
Resources Watch

Alrosa to lower production at International underground mine

By: Creamer Media Reporter      20th June 2018 Russian mining major Alrosa has revised the production plan of its International underground mine, near Mirny, as it takes a tougher stance on health and safety management. The production plan for 2018 remains unchanged at 36.6-million carats, but under the revised plan for 2019 to 2022, output... 

Alrosa to lower production at International underground mine
The International underground mine.

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