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Vast Resources set to mine Zimbabwe diamond territory – Minister

By: Reuters     14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

Famed Cullinan mine banks on big diamonds to drive down debt

By: Reuters     14th February 2019 The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life... 

Alrosa’s January sales down 44% y/y

By: Simone Liedtke     12th February 2019 Following a strong performance in December, Russian miner Alrosa’s rough and polished diamond sales fell to $281.5-million in January – a 44% decrease on the same month in 2018. January’s rough diamond sales amounted to $278.2-million and polished diamond sales were $3.4-million, the company... 

Natural diamond industry performing well despite less positive narrative

By: Nadine James     1st February 2019 Based on diamond miner equities, sentiment surrounding the diamond industry is currently at a historically low level, says diamond analyst Paul Zimnisky. However, global diamond jewellery sales have been growing at a steady rate, in nominal and real terms, for the past nine years, he adds. In a... 

Alrosa unearths 191ct diamond at Udachny

By: Mariaan Webb     29th January 2019 Russian diamond miner Alrosa has discovered its largest rough diamond in about two-and-a-half years, with the Udachnaya kimberlite pipe earlier this month delivering a 191.46 ct stone. The 40 mm by 31 mm by 20 mm diamond was extracted at the processing plant No 12 of Udachny mining and processing... 

Alrosa aims for 38m ct production in 2019

By: Marleny Arnoldi     24th January 2019 Russian diamond miner Alrosa reported 2018 production volumes of 36.7-million carats and sales of 38.1-million carats. Production declined by 7% year-on-year, owing to the shutdown of the Mir underground mine and the completion of openpit mining at the Udachnaya pipe.  

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

By: Reuters     24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

Alrosa says sales down in January - Interfax

By: Reuters     23rd January 2019 Sales by Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its CEO was quoted as saying by Interfax news agency on Wednesday. Alrosa competes with Anglo American's De Beers, the biggest seller of rough diamonds by value. 

Russia's Alrosa returns to diamond exploration in Zimbabwe

By: Reuters     14th January 2019 Russian diamond giant Alrosa has set up a subsidiary in Zimbabwe to begin mining operations there, it said on Monday, more than two years after it shelved plans to expand into the southern African country. Alrosa, the world's largest diamond producer by output, started conducting geological... 

Alrosa starts mining at new 1.8m ct/y deposit

By: Mariaan Webb     31st October 2018 Russian diamond miner Alrosa has marked the official start of diamond mining operations at the Verkhne-Munskoye diamond field, which will produce about 1.8-million carats a year for the next 20 years, replacing capacity from the flooded Mir mine. Verkhne-Munskoye will be using the processing... 

Alrosa joins De Beers’ blockchain traceability pilot

By: Creamer Media Reporter      29th October 2018 Russian diamond miner Alrosa has joined the Tracr diamond industry blockchain traceability platform that fellow miner De Beers is developing. Alrosa’s involvement brings the world’s two largest diamond producers together in the pilot programme that aims to provide enhanced assurance for... 

Alrosa finds 28.59ct yellow diamond

By: Creamer Media Reporter      8th October 2018 Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year. The diamond was discovered at Ebelyakh placer deposit in July. 

Alrosa reports record throughput at Almazy Anabara unit

By: Creamer Media Reporter      5th October 2018 Almazy Anabara, a subsidiary of Russian State-miner Alrosa, has exceeded its production target by 9%, delivering a record mining throughput in the 2018 washing season, with 5.4-million carats having been minded. The 2018 washing season lasted from May to September. 

Alrosa’s Hong Kong large diamond sale yields $10.7m

By: Mariaan Webb     2nd October 2018 Russia's Alrosa has sold 136 gem-quality diamonds, with a total weight of 2 234 ct, for $10.7-million at an auction in Hong Kong. The sale included 25 fancy yellow diamonds, weighing 440 ct. 

US sanctions driving Russian billionaires into Putin’s arms

By: Bloomberg     21st September 2018 The Trump administration is helping Vladimir Putin achieve a goal that’s eluded him for almost two decades—getting Russia’s billionaires to start repatriating some of their assets. Relatively muted sanctions imposed during the Obama era over the conflict in Ukraine have only widened in scope and... 

Alrosa reports stable international demand for large diamonds

By: Creamer Media Reporter      13th September 2018 Diamond miner Alrosa has netted $15.6-million from the sale of special large diamonds at an international auction in Israel. A total of 2 611 ct of diamonds, all weighing more than 10.8 ct, were sold in 166 lots. 

Alrosa sales in 2019 to exceed production

By: Reuters     11th September 2018 Russian diamond miner Alrosa said on Tuesday that its sales next year would be one-million to two-million carats higher than its production in 2019, the RIA news agency cited Alexei Filippovsky, its CFO, as saying. Alrosa expects it production to be around 37.5-million to 38-million carats next... 

Russian diamond miner Alrosa's net income inches higher in Q2

By: Reuters     24th August 2018 Alrosa, the world's largest producer of rough diamonds in carat terms, said on Friday its second-quarter net profit rose about 1 percent year on year as higher prices helped offset a sales drop. State-controlled Alrosa and Anglo American's De Beers produce about half of the world's rough... 

Russian Ministries reject proposed windfall tax on metals and mining firms

By: Reuters     22nd August 2018 Russian government Ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate, Industry Minister Denis Manturov said on Wednesday. "With colleagues from other Ministries, we reached a common position that as of today it's inappropriate," he... 

Angola seeks to stimulate diamond, ornamental stone exports

By: Rebecca Campbell     17th August 2018 The Angolan newspaper “Jornal de Angola” has reported that diamond mining companies operating in the country will, in future, be able to sell up to 60% of their production in the free market, under the country’s new Diamond Commercialisation Policy. Under the previous system, adopted in 2007,... 

Alrosa to put 202 'special' diamonds up for sale at Israel auction

By: Creamer Media Reporter      16th August 2018 Diamond miner Alrosa will offer 202 gem-quality rough diamonds for sale at an auction to be held in Israel from August 19 to September 6. The diamonds, with a combined weight of 3 165 ct, are all larger than 10.8 ct, otherwise known as 'special' diamonds. 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Alrosa sells main diamond from Dynasty collection

By: Simone Liedtke     3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

Alrosa reports Q2 results, reaffirms FY guidance

By: Mariaan Webb     23rd July 2018 Russian diamond mining major Alrosa has reported an 18% year-on-year production decrease in the second quarter, as the closure of the Mir underground mine in August last year and lower diamond grades continued to weigh on its operations. The miner produced 8.5-million carats in the second... 

Mining at Alrosa’s Zarya to start next year

By: Marleny Arnoldi     20th July 2018 Russian diamond mining group Alrosa’s Zarya diamond deposit in Sakha (Yakutia) is in its final stages before diamond mining will start next year. Since 2016, ten-million-cubic-metres of overburden were removed from the openpit mine, reaching a depth of 100 m. Drainage ditch construction,... 

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,... 

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.  

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. 

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... 

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. 

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 auctioning large rough diamonds in Asia

By: Rebecca Campbell     15th June 2018 Russian diamond mining major is currently holding an auction in Hong Kong for large rough diamonds, and will soon start a second one in Vladivostock. The Hong Kong auction started on June 13 and will run until June 27. The Vladivostock auction will start on June 18 and conclude on June 29. In... 

Angola's top diamond mine says underpricing has cost it almost $500m

By: Reuters     12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

Angola to change diamond sector to attract investment – Lourenço

By: Reuters     6th June 2018 Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium. Africa's second-largest crude producer is trying to open up and... 

Russia’s Severalmaz testing drones for surveying

By: Creamer Media Reporter      29th May 2018 Russian diamond mining company Severalmaz, a subsidiary of State-owned Alrosa, is testing unmanned aerial vehicles (UAVs) for mine surveying of land objects at Europe’s largest primary diamond deposit at Lomonosov. Preliminary results from the UAV testing, which involved a quadcopter and an... 

D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin

By: Henry Lazenby     25th May 2018 The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that, in turn, could drive future demand for natural diamonds, the creator of a new diamond-backed crypto coin said on Friday. Singapore-based D1 Mint, the creator of the diamond-backed D1 Coin,... 

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