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Alrosa reaffirms investments in projects in Angola, at home

By: Keith Campbell     14th July 2017 Russian diamond miner Alrosa has reaffirmed its confidence in the future of diamond mining in Angola. “We see a lot of potential in our infrastructure projects, including those in Angola,” stated Alrosa president Sergey Ivanov at the groups’ Annual General Meeting (AGM) at the end of last month.... 

Karelian granted claim reservation over area which may contain new kimberlite

By: Mariaan Webb     28th June 2017 Prospector Karelian Diamond has been granted a claim reservation in the Kaavi region of Finland, which the Aim- and ESM-listed company is hoping could lead to the discovery of a new kimberlite in the area. The 8.67 km2 claim reservation is for the area surrounding its Lahtojoki mining concession... 

Alrosa, Dubai trader strengthen ties

By: Megan van Wyngaardt     15th June 2017 The Dubai Multi Commodities Centre (DMCC) and Russian diamond miner Alrosa have agreed to enhance diamond trade cooperation. The parties discussed options for expanding Alrosa’s trading activities at the Dubai Diamond Exchange – a DMCC entity – as well as agreements on enhanced efforts to stem... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Angola, Russia jointly developing new diamond projects and others

By: Keith Campbell     9th June 2017 Angola and Russia have committed themselves to deepening their economic cooperation, not least in the area of mining. This was made clear during the recent visit to the African country by Russian Vice Premier Yury Trutnev. Among others, he held talks with Angolan State Secretary for Geology and... 

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

Geologists, mineralogists exploring new Botswana licences

By: Simone Liedtke     26th May 2017 A second fieldwork programme at the six new prospecting licences (PLs) in Botswana awarded to the Sunland Minerals joint venture (JV), including initial sampling and geophysics, is planned for September 2017.  

Analyst sees global diamond output rising 11.5% in 2017

By: Henry Lazenby     9th May 2017 Global mined diamond output in 2017 is expected to increase 11.5% year-over-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found. The top ten largest mines in the... 

Six new prospecting licences awarded to Botswana Diamonds

By: Martin Creamer     25th April 2017 London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana.   Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province... 

Alrosa lifts March diamond sales 1% y/y

By: Henry Lazenby     11th April 2017 The global leader in rough diamond production, Russia’s Alrosa, has increased total diamond sales for March by 1% year-on-year to $566.6-million, as stable demand in most rough diamond categories buoyed prices. Rough diamond sales by Alrosa in March amounted to $554.2-million, with polished... 

Botswana Diamonds continues to progress exploration programmes

By: Anine Kilian     27th March 2017 Aim-listed Botswana Diamonds has completed a drilling programme on PL 186, on the Maibwe ground, in the Kalahari Desert, it said in a statement of Monday. “We identified the locations of the previously drilled holes where significant quantities of diamonds were discovered. We drilled three... 

Diamond analyst Zimnisky sees buoyant Q1 diamond demand

By: Henry Lazenby     9th March 2017 First-quarter demand for rough diamonds has increased over the preceding three-month period, and also relative to a year earlier, as a comparatively mediocre Christmas season 2016 was offset by strong 2017 Chinese New Year sales that have driven seasonal restocking demand. Most, but not all,... 

Botswana Diamonds raises funds as exploration activities gain momentum

By: Anine Kilian     27th February 2017 Aim-listed Botswana Diamonds has raised £525 000 through the placing of 35-million new ordinary shares at 1.5p a share. The net proceeds of the placing will be used to fund ongoing kimberlite drilling at its Frischgewaagt property in South Africa, drilling in Botswana, exploration work in South... 

Angola seeks to boost its mining sector

By: Keith Campbell     17th February 2017 The State-owned Empresa Nacional de Diamantes de Angola (Endiama – National Diamond Company of Angola) will not need additional investors to develop its Luaxe project, assured company President António Carlos Sumbula at the Angola Business Forum during the recent Mining Indaba in Cape Town.... 

New challenges abound in fundamentally changed diamond market

By: Henry Lazenby     11th January 2017 The future of the diamond industry hinges on the follow-through of structural changes that have been prompted by the challenges the industry faced, and the opportunities presented in a fundamentally changed diamond market, independent diamond analyst Paul Zimnisky says in a new blog post. He... 

Diamond tables are turned as market discipline, restocking support prices in 2016

By: Henry Lazenby     16th December 2016 The Zimnisky Global Rough Diamond Price Index is up 12.1% in 2016 through to mid-December, driven higher in the first-half of the year as firm market demand for rough returned as manufactures restocked following the 2015 holiday season. The brainchild of independent diamond analyst Paul Zimnisky,... 

‘Exciting prospect’ awaits decision

By: Robyn Wilkinson     16th December 2016 Diamond explorer and project developer Botswana Diamonds is in discussions with its joint venture (JV) partner, Botswana State-owned copper and nickel producer BCL, to undertake essential verification drilling on a cluster of diamond-bearing kimberlite pipes at the Maibwe exploration project in... 

James Campbell joins Botswana Diamonds as MD

By: Megan van Wyngaardt     1st December 2016 Aim-listed Botswana Diamonds has appointed James Campbell MD with immediate effect. He will be based predominately in Johannesburg and will work closely with rough diamond miner Alrosa on the parties’ joint venture (JV) Orapa and Gope licences. 

Botswana Diamonds JV to begin exploration in Orapa and Gope

By: Anine Kilian     9th September 2016 Aim-listed Botswana Diamonds’ JV with Russian diamond producer Alrosa will begin exploration in the Orapa and Gope areas of Botswana at the end of September.   “The Alrosa/Botswana Diamonds JV will begin an intensive 12-week exploration programme on our ground in Botswana. Core holes will be... 

Alrosa helps start Russian diamond hub targeting Asian market

By: Bloomberg     2nd September 2016 Alrosa PJSC is helping to start a diamond center in Russia’s Far East to attract trading and manufacturing companies, and boost gem sales to Asian countries including China, the second-biggest buyer. About $1-billion of business should go through the Eurasian Diamond Center in 2018, when more... 

Alrosa recovers 136.24 ct diamond in Russia

By: Henry Lazenby     15th August 2016 Russian mining major Alrosa has recovered a formidable 136.24 ct diamond from the Nyurbinskaya kimberlite pipe, in Yakutia, Russia, the company revealed on Monday. The gem-quality rough diamond, which is classified as a 3 Black Makeable 1 Сolour, measured 29.32 × 23.88 × 21.9 mm and wis one of... 

Mining solutions provider expands in CIS countries

By: Robyn Wilkinson     22nd July 2016 Despite globally depressed iron-ore prices, there are still opportunities for the supply of minerals processing solutions in Commonwealth of Independent States (CIS) countries like Russia and China, says mining equipment specialist Osborn Engineered Products export director Martin Botha. 

Order book for Russia's Alrosa share sale fully covered – sources

By: Reuters     7th July 2016 The order book for a share placement in Russian diamond producer Alrosa is fully covered, two financial market sources told Reuters on Thursday, quoting information from organisers of the placement. Russia on Wednesday launched the sale of 10.9% of ordinary shares in Alrosa, the world's largest... 

Osborn to supply grizzly feeder, jaw crusher to Angolan mine

By: Dylan Slater     1st July 2016 Mining equipment manufacturer Osborn Engineered Products, last month, secured a R12-million export order to a mine in Angola, for robust machines that will enable the world’s fourth largest diamond mine to process the more competent material which it is currently mining.  

Diamonds are Putin’s best bet to entice wary investors to Russia

By: Bloomberg     15th June 2016 President Vladimir Putin is trying to woo foreign investors into the battered Russian economy by offering a chunk of the world’s biggest miner of diamonds. Russia needs cash to help fill a hole in its budget, the result of a collapse in revenue from plunging oil prices 

New diamond mine inaugurated in Angola

By: Keith Campbell     15th April 2016 Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new... 

Diamonds will remain sought after regardless of economic trends

By: Nadine James     19th February 2016 Although diamond demand is not immune to global economic trends, such as the slowed growth in China that resulted in a collapse in commodity prices, Aim-listed diamond exploration company Botswana Diamonds (BOD) executive chairperson John Teeling is still optimistic about long-term demand. “You... 

Global diamond output by value expected to shrink 10%

By: Henry Lazenby     2nd February 2016 Despite efforts by diamond majors De Beers and Rio Tinto to curb global diamond supplies, lower output is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond Corp and Petra Diamonds, according to independent industry analyst and consultant... 

Russia's Alrosa plans to sell diamonds worth $3.5bn in 2016

By: Reuters     22nd December 2015 Russian diamond miner Alrosa plans to sell diamonds worth $3.5-billion next year, the company said on Tuesday. It added that diamond production in 2016 was planned at 39-million carats. 

Diamond producers could face further rough price cuts to combat lower demand, overstocking

By: Henry Lazenby     14th December 2015 Diamond miners might once more be forced to resort to cut prices of rough stones in a bid to revive demand, after the first eleven months of 2015 had witnessed prices drop by about 18%, owing to slowing sales of diamond jewellery – the end market for rough diamonds – and reduced availability of... 

Canadian diamond producers best positioned to weather price crunch

By: Henry Lazenby     24th November 2015 As the global diamond industry sobers from a hangover of expected market growth that did not happen, Canadian producers are perhaps best positioned to weather the downturn, given the superiority of the country’s diamond projects. Since the global economic downturn of 2009 and up to the middle of... 

Botswana Diamonds, Alrosa JV awarded new prospecting licence

By: Creamer Media Reporter      9th October 2015 The Botswana government has awarded Sunland Minerals – a 50:50 joint venture (JV) between Aim-listed Botswana Diamonds and Russian diamond producer Alrosa – a new prospecting licence, PL260/2015. The 25 km2 PL260/2015 covered ground which was the highest priority for the JV partners and it... 

Russians signalling new Botswana diamond find – Teeling 

By: Martin Creamer     9th June 2015 Analysis used by Russian diamond giant Alrosa indicated that a new diamondiferous kimberlite would emerge in Botswana by Christmas, London Aim-listed company head John Teeling said on Tuesday. Speaking at the thirteenth Botswana Resource Sector Conference here, Teeling noted that Alrosa made use... 

Diamond producer aiming to establish new Botswana mine

By: Kimberley Smuts     5th June 2015 Diamond exploration and project development company Botswana Diamonds is aiming to establish a new diamond mine in Botswana, executive chairperson John Teeling tells Mining Weekly. The company expects to find new areas of kimberlite, potentially containing diamonds, by the end of this year, and... 

Botswana Diamonds, Alrosa JV awarded exploration licences

By: Natalie Greve     15th April 2015 The government of Botswana has awarded three prospecting licences to Sunland Minerals, the exploration joint venture (JV) company owned by Aim-listed Botswana Diamonds and Russian diamond producer Alrosa. Botswana Diamonds said on Wednesday that the centrally located licence areas, which cover 46... 

Orapa diamond field to plug ‘clear’ supply gap, asserts explorer

By: Natalie Greve     27th March 2015 Diamond explorer Botswana Diamonds continued to advance second-phase exploration on three of its joint venture (JV) blocks in the Orapa area of Botswana, telling shareholders on Friday that the diamond industry continues to “glisten” in a resource sector depressed by weak demand. Chairperson John... 

Botswana Diamonds secures another exploration licence

By: Creamer Media Reporter      24th March 2015 The Botswana government has granted Atlas Minerals, a subsidiary of Aim-listed Botswana Diamonds, a new licence – PL 085. The licence area, which would be explored as part of Botswana Diamonds’ 50:50 joint venture (JV) with Russian diamond company Alrosa, covered 316 km2 and was located... 

Botswana Diamonds to intensify Orapa exploration

5th March 2015 Aim-listed Botswana Diamonds, through its 50:50 joint venture with Russian diamond miner Alrosa, would spend $1-million this year on the exploration of its licence at Orapa, Botswana. The JV partners were aiming to discover major new kimberlites during the year. 

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