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Diamonds News

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... 

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... 

De Beers earns $520m in third sales cycle

By: Marleny Arnoldi     17th April 2018 Diamond miner De Beers’ global sightholder and auction sales earned the company $520-million in the third sales cycle of this year.  

De Beers earns $520m in third sales cycle
De Beers CEO Bruce Cleaver

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

By: Henry Lazenby     17th April 2018 The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South kimberlite projects reported strong metrics. The PEA reported an after-tax net present value on a... 

Alrosa switches to cheaper fuel sources to cut operating expenses

By: Creamer Media Reporter      16th April 2018 The conversion of boiler houses and power plants to alternative fuels is expected to reduce the operating expenses of Russian miner Alrosa by about 5.3-billion roubles over the next ten years. In an update on Monday, Alrosa said that it would build a gas boiler-house in Almazny settlement in the... 

Lucapa production increases in March quarter

By: Esmarie Iannucci     16th April 2018 Diamond miner Lucapa has reported a 10% increase in production during the March quarter, with 4 507 carats recovered during the three months under review. Lucapa told shareholders that 58 special diamonds were recovered during the quarter under review, which was a 53% on the previous quarter.... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Stornoway's lower Q1 output belies Renard's large diamond potential

By: Henry Lazenby     13th April 2018 Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for diamonds produced from its Renard mine, which is increasingly showing a tendency to produce large diamonds. A stronger diamond market in general and the sale... 

Stornoway's lower Q1 output belies Renard's large diamond potential
Photo by Stornoway Diamond Corp
Renard, Quebec

Diamond producers conference calls for collaboration, cooperation between stakeholders

By: Nadine James     13th April 2018 Mining industry body South African Diamond Producers Organisation (Sadpo) hosted its second yearly Digger’s Conference at the All Seasons Resort in Christiana, in North West province, last month. The organisation chose Christiana because it is centrally located between the two provinces where the... 

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

Services demand in Africa rising
SERVICES DEMAND Ukwazi has a pipeline of clients requesting additional services, mostly in the Southern Africa region

Tsodilo recovers 101 diamonds during independent diamond classifier

By: Simone Liedtke     12th April 2018 TSX-listed Tsodilo Resources has recovered 101 diamonds, representing 18.57 ct, from samples by an independent and experienced diamond classifier at its BK16 kimberlite project, in the Orapa Kimberlite Field (OKF), in Botswana. The diamondiferous BK16 kimberlite pipe is approximately 6 ha in size... 

Tsodilo recovers 101 diamonds during independent diamond classifier
sodilo Resources has recovered 101 diamonds, representing 18.57 ct, AT ITS BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana

Forevermark launches in Indonesia

By: Anine Kilian     12th April 2018 The De Beers Group has launched its Forevermark diamond brand in Indonesia. For the market launch, Forevermark will partner with Indonesia’s premier jewellery company, Central Mega Kencana (CMK).  

Lucara recovers 472 ct diamond at Karowe

By: Anine Kilian     12th April 2018 TSX-listed Lucara Diamonds has recovered a 472 ct, top light brown gem diamond in Botswana. It is the third largest diamond recovered from the company’s 100%-owned Karowe diamond mine. 

NWF to raise A$3m through share placement

By: Anine Kilian     12th April 2018 ASX-listed Newfield Resources (NWF), which plans to acquire the entire issued and to-be-issued share capital of Africa-focused Stellar Diamonds for £7.74-million, will raise A$3-million through the issue of 15-million new shares. The shares will be sold at A$0.20 a share. 

Impact, Consensas partner to develop solutions to ensure conflict-free mineral sourcing

By: Marleny Arnoldi     12th April 2018 Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain... 

Agarwal offers Anglo help in tapping India's 1.3bn people

By: Bloomberg     12th April 2018 Anglo American’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India. “That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.” 

Agarwal offers Anglo help in tapping India's 1.3bn people
Anil Agarwal

Mugabe to be summoned over diamond mining probe

By: African News Agency      11th April 2018 Former Zimbabwe President Robert Mugabe is to be summoned by a committee of lawmakers in Zimbabwe to testify at a parliament probe into lost revenue from diamond mining. The lawmakers plan to question Mugabe over his 2016 claim that the country had lost $15-billion (12.13-billion euros) in income... 

Mugabe to be summoned over diamond mining probe
Photo by Reuters
Former Zimbabwean President Robert Mugabe

Mountain Province, Kennady shareholders overwhelmingly vote in favour of merger

By: Henry Lazenby     10th April 2018 Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies. TSX- and Nasdaq-listed Mountain Province said that about 93% of the shareholders present in person or represented by proxy at the shareholder meeting on... 

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

Alrosa sells $559.5m worth of diamonds in March

By: Creamer Media Reporter      10th April 2018 Russian diamond miner Alrosa sold $559.5-million worth of rough and polished diamonds in March, an increase on February’s sales of $541.9-million, despite a slight seasonal cooling off in demand during the month. Deputy CEO Yury Okoemov said in a statement that auctions of diamonds larger than... 

Petra Diamonds secures new debt agreements with lenders

By: Reuters     10th April 2018 Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of... 

Senior govt officials, including Zim VP 'to appear before Parliament' about $15bn diamond scandal

By: News24Wire      10th April 2018 Several senior government officials have reportedly been summoned by Zimbabwe's parliamentary portfolio committee on mines and energy over the missing $15-billion diamond revenue. According to reports, former President Robert Mugabe, announced in 2015 that $15-billion of diamonds were spirited... 

BlueRock’s Q1 production in line with expectations

By: Marleny Arnoldi     9th April 2018 Aim-listed BlueRock Diamonds’ Kareevlei mine, in the Kimberley region of South Africa’s Northern Cape province, processed 38 781 t of ore in the quarter ended March 31, compared with the 9 310 t processed in the first quarter of 2017.  

Lucapa raises funds to further exploration

By: Esmarie Iannucci     9th April 2018 Diamond miner Lucapa Diamond Company will raise A$16.5-million through a share placement to fund further exploration work at the Brooking diamond discovery, in Western Australia. The shares, which will be priced at 23c each, will be placed under the company’s existing placement capacity. 

Farnese blue diamond goes on sale after 300 years of royal history

By: Reuters     6th April 2018 The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said. Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the... 

Angola seeks to further expand its diamond sector against a backdrop of rising output

By: Rebecca Campbell     6th April 2018 Angola’s diamond exports in January brought in the second highest price per carat ($136.24) for monthly sales since October 2016, the Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.  

De Beers, Botswana to dig deeper at world's richest diamond mine

By: Bloomberg     5th April 2018 The world’s most valuable diamond mine is set to get even bigger. Debswana, the joint venture between Anglo American’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2 700 feet), according to a notice published in local newspapers... 

Alrosa selects top projects for resuming production at Mir

By: Mariaan Webb     3rd April 2018 Out of the 33 entries in the competition that Russian diamond miner Alrosa launched to find a technical solution for resuming mining operations at the Mir deposit, three projects have been awarded the second and third places, but no outright winner was named. The second place was taken by two... 

Alrosa selects top projects for resuming production at Mir

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind
Zimbabwe President Emmerson Mnangagwa

Masisi to lead Botswana as Khama steps down after decade

By: Bloomberg     2nd April 2018 Ian Khama, a former army general who’s led Botswana for the past decade, will step down on Sunday, leaving his deputy Mokgweetsi Masisi in charge of the world’s second-biggest diamond producer until next year’s elections. While Masisi, 55, will inherit one of Africa’s wealthiest and... 

Masisi to lead Botswana as Khama steps down after decade
Photo by Duane Daws
Incoming Botswana President Mokgweetsi Masisi has his work cut out to wean Botswana off its dependency on diamonds

Botswana's Debswana says expects further rise in diamond output

By: Reuters     27th March 2018 Botswana's Debswana Diamond Mining said on Tuesday production jumped 11% to a three-year high in 2017 and it expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods. Debswana, a joint venture between De Beers and the southern African country's... 

Firestone recovers 379 716 ct in H1

By: Schalk Burger     27th March 2018 JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds recovered 379 716 ct of diamonds from its Liqhobong mine, in Lesotho, in the six months to December 31. CEO Stuart Brown said in a statement on Tuesday that commercial production at the mine had started on July 1 and that the... 

Mine worker crushed to death at De Beers operations in Limpopo

By: African News Agency      27th March 2018 A female employee was crushed to death when she fell onto a conveyer belt at De Beer's Venetia diamond mine in Limpopo, police said on Monday. Spokespeson Brigadier Motjafela Mojapelo said the incident happened on Sunday. 

Gahcho Kué flexes cash flow muscle

By: Henry Lazenby     27th March 2018 The Gahcho Kué diamond mine, in Canada’s Northwest Territories, has demonstrated strong cash flow generating capabilities over the operation’s first two commercially active financial quarters. Toronto-based miner Mountain Province Diamonds on Monday stressed that 2017 was a milestone year for the... 

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