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Why a no-deal Brexit risks freezing London's diamond trade

By: Bloomberg     19th October 2018 The UK has warned that a no-deal Brexit risks London being frozen out of the global diamond trade. Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to... 

Mountain Province says recent diamond sale netted $24.2m

By: Creamer Media Reporter      19th October 2018 Toronto-based miner Mountain Province has netted $24.2-million from the sale of 366 505 ct in its most recent diamond sale, which the company says is in line with its expectations. The sale, held on October 5, realised an average value of $66/ct. 

De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

Greater beneficiation in South Africa not feasible yet

By: Marleny Arnoldi     4th October 2018 Public Investment Corporation mining, beneficiation and energy sector specialist Heidi Sternberg says it is widely believed that South Africa should be beneficiating, since it has much of the world’s gold and platinum resources. “It is a key node for job creation; however, beneficiation requires... 

Rio is hunting deals, discoveries for 'beautiful' diamonds unit

By: Bloomberg     4th October 2018 Two of the world’s top diamonds producers are both shopping for deals, with Rio Tinto following De Beers in hunting for projects to replace aging operations and position for an improving global market outlook. Rio is actively looking for more acquisitions after making a small investment in a... 

Gemfields in strong position to support planned growth

By: Simone Liedtke     28th September 2018 Gemfields Group Limited (GGL) is now in a strong position to support the planned growth of its underlying mining operations in Zambia and Mozambique, as well as to further develop its Faberge business and progress its bulk sampling in Ethiopia, it said in a report to shareholders for the six... 

Huw Daniel

By: Martin Creamer     21st September 2018 This week Mining Weekly features Huw Daniel, the CEO of Platinum Guild International Hong Kong Limited, which develops global markets for platinum jewellery 

Young generations push record diamond demand but require new approaches by industry

By: Rebecca Campbell     21st September 2018 The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its “Diamond Insight Report 2018”. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global... 

Botswana trims growth prospects, sees wider budget deficits

By: Reuters     18th September 2018 Botswana's economy is expected to expand by 4.5% this year, down from an estimate in February of 5.3%, the finance ministry said on Tuesday at a 2019 budget conference. A senior official in the diamond-producing southern African nation’s economy said the government expects an optimistic medium... 

De Beers wraps up Canada acquisition

By: Creamer Media Reporter      13th September 2018 Anglo America’s De Beers has completed the C$107-million acquisition of Peregrine Diamonds, with the TSX-listed company set to be delisted at the end of trading on Friday. The acquisition, announced in July, was approved by Peregrine securityholders on August 31 and by the Supreme Court of... 

Rising generations drive record diamond demand but require new approaches by industry

By: Rebecca Campbell     13th September 2018 The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its “Diamond Insight Report 2018”. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global... 

De Beers 

12th September 2018 De Beers Technologies South Africa works to maximise the value and life of our diamond mines, leading the way in diamond mining technology for more than 35 years. It develops specialist systems and techniques to automate mining processes, monitor process and equipment performance remotely, and... 

De Beers sales cycles delivering consistent value

By: Martin Creamer     11th September 2018 The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year. The steady... 

Giant diamonds has been mining's one success story this year

By: Bloomberg     7th September 2018 This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds. Gem Diamonds has been the standout performer in the FTSE All-Share Mining Index, gaining almost 70% this year. In comparison, almost every other miner is in... 

Lab-made diamonds for less: Why De Beers's plan worries rivals

By: Bloomberg     4th September 2018 De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry. The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals... 

De Beers will allow buyers to reject cheap diamonds

By: Bloomberg     4th September 2018 De Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week, according to people familiar with the situation. It’s a rare move by De Beers, which is famous for requiring buyers to take what’s offered, and highlights the weak state of the low-end diamond... 

Peregrine holders approve De Beers deal

By: Creamer Media Reporter      3rd September 2018 The takeover of Peregrine Diamonds by De Beers is expected to close on September 12, the TSX-V-listed junior said on Friday, announcing that its security holders have approved the plan of arrangement between the companies. In terms of the arrangement, announced in July, the Anglo American unit... 

De Beers, UN Women to support women micro-entrepreneurs in South Africa

By: Simone Liedtke     28th August 2018 Diamond miner De Beers and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) in South Africa have launched a capacity-building programme, which aims to support 500 women micro-entrepreneurs in the Blouberg and Musina communities, near De Beers’ Venetia diamond... 

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... 

Mountain Province says latest sale in line with expectations

By: Creamer Media Reporter      16th August 2018 TSX-listed Mountain Province has netted $22.2-million from the sale of 334 751 ct in its sixth diamond sale of 2018, the company reported on Wednesday. The sale realised an average price of $66/ct, which is lower than the previous sale’s realised price of $85/ct, but in line with expectations.... 

First-half diamond sales down 16% at Botswana's Okavango

By: Reuters     15th August 2018 Sales at Botswana's State-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260-million, its managing director said, citing a high comparison base against last year's record growth. Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018... 

Blockchain technology could prove beneficial to the mining industry – Fitch Solutions

By: Creamer Media Reporter      3rd August 2018 Blockchain has the potential to serve as a powerful tool for mining companies looking to improve their environmental, social and governance standards as consumer pressure in this regard continues to grow, the latest report by Fitch Solutions shows. While blockchain also offers a number of other... 

Company stalwart pioneers female managerial role

By: Tasneem Bulbulia     3rd August 2018 In a notable stride towards gender inclusivity in the diamond industry, De Beers Sightholder Sales South Africa’s Simangele Soni has become the first woman to occupy a senior operations manager role in the organisation. Appointed on March 1, Soni is now part of the sorting, valuation and sales... 

Simangele Soni

By: Tasneem Bulbulia     3rd August 2018 This week Mining Weekly features Simangele Soni, senior operations manager of De Beers Sightholder Sales South Africa, which mines, values and sells diamonds 

De Beers, Anglo American and AfriTin make headlines this week 

By: Creamer Media Reporter      2nd August 2018 De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines. 

De Beers sells $530m of rough diamonds in sixth sales cycle

By: Simone Liedtke     31st July 2018 De Beers has sold $530-million worth of rough diamonds in its sixth sales cycle for the year. This is $51-million lower than the $581-million worth of rough diamonds sold in the fifth cycle of this year, and $46-million lower than the $576-million worth of rough diamonds sold in the sixth sales... 

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

By: Reuters     26th July 2018 Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin... 

De Beers to move 200 elephants from South Africa to Mozambique

By: Reuters     23rd July 2018 Diamond producer De Beers said on Monday it was relocating 200 elephants from its private reserve in South Africa to neighbouring Mozambique, part of wider efforts to restore wildlife populations ravaged by conflict there. The Anglo American unit said its 32 000 ha Venetia Limpopo Nature Reserve... 

Mountain Province says Gahcho Kué JV continues to perform well

By: Creamer Media Reporter      19th July 2018 The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production... 

De Beers brings Chidliak resource into its fold with C$107m Peregrine buy

By: Mariaan Webb     19th July 2018 Diamond major De Beers announced on Thursday that it would buy Canadian miner Peregrine Diamonds – the owner of the Chidliak diamond resource in Nunavut Territory – for C$0.24 a share, or C$107-million, in cash. The Chidliak resource, 120 km north-east of Iqaluit on Baffin Island, hosts 74... 

De Beers lifts Q2 production amid strong trading conditions

By: Marleny Arnoldi     19th July 2018 Diamond miner De Beers’ rough diamond production increased by 3% to nine-million carats in the second quarter of this year, reflecting production increases to meet stronger demand, as well as the contribution from the ramp-up at the joint venture Gahcho Kué mine, in Canada. De Beers’ Debswana... 

Going Beyond 67 Minutes

By: Creamer Media Reporter      19th July 2018 Embracing the spirit of Nelson Mandela’s legacy is more than a 67-minute project on Mandela Day for WorleyParsons. It forms an integral component of the project delivery company’s daily corporate philosophy, from contributing to its own communities, to delivering customer projects that make a... 

Jim Gowans joins New Gold board

By: Creamer Media Reporter      10th July 2018 Intermediate gold miner New Gold has recruited Arizona Mining CEO James Gowans to its board of directors with immediate effect. Gowans has more than 30 years of experience in mineral exploration, mine feasibility studies, mine construction and commissioning and the development of best practices... 

Vast appoints Zim mining exec as it re-evaluates prospects

By: Mariaan Webb     6th July 2018 Aim-listed Vast Resources has appointed Zimbabwean diamond mining executive Mark Mabhudhu to the board of its Zimbabwean subsidiary as the company moves to step up its presence in the country. "The political amelioration in Zimbabwe over recent months has made us revaluate our activities in the... 

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 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

Technological advancements unlock midwater mining

By: Paige Müller     8th June 2018 Using effective, remote marine mining tools that can handle rugged and uneven midwater terrains has placed abundant midwater diamond deposits within reach of small-scale mining operations, says local diamond exploration company Mza Diamond Resources CEO Willem Steenkamp. He notes that geologists... 

Diamond industry longevity on the line

By: Paige Müller     8th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

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