R/€ = 16.44 Change: 0.03
R/$ = 14.48 Change: 0.02
Au 1304.35 $/oz Change: -0.34
Pt 856.46 $/oz Change: 20.18


Mantashe gunning for illegal mining syndicate leaders

By: News24Wire      19th March 2019 Illegal mining operations and criminal syndicates steal, per annum, the equivalent of the total output of South Africa's legal gold mining operations in 2018. The Mineral Resources Minister Gwede Mantashe, however, has a plan to take down the criminal syndicates and zama zamas. 

Debswana starts Jwaneng mine extension project

By: Marleny Arnoldi     18th March 2019 The Debswana Diamond Company (Debswana) on Monday announced the start of its Cut-9 project, which is aimed at extending the life of the Jwaneng mine, in Botswana, to 2035. The project is expected to yield an estimated 53-million carats of rough diamonds from 44-milllion tonnes of treated... 

Alrosa wants controlling stake to mine in Zimbabwe

By: Reuters     18th March 2019 Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has... 

Diamond industry should be driven by SMMEs – Dr John Bristow

By: Simone Liedtke     15th March 2019 In an industry that’s plagued by a lack of development and depleting assets, diamond exploration, evaluation and mining geologist Dr John Bristow has called on the industry to be driven by small-, medium-sized and microenterprises (SMMEs). Speaking at the South African Diamond Producers... 

BlueRock prepares for continuous operations

By: Marleny Arnoldi     15th March 2019 Aim-listed BlueRock Diamonds on Friday said it was finalising preparations for the move to continuous operations at its Kareevlei diamond mine, in Kimberley, South Africa. The company said that although this was later than had initially been anticipated, it would not have any material impact on... 

Coal will continue to be key resource for decades

15th March 2019 In its annual World Energy Outlook 2018, the International Energy Agency (IEA) forecasts that coal will remain the largest single source of electricity generation through to 2040, at 26% of global electricity.  Renewables will have a role to play as future energy sources for the country, region... 

Businesses encouraged to do more business in Africa

15th March 2019  Mining has long played a crucial role in the development of African nations, with the continent being renowned for having the largest mineral resources in the world. While gold ranks number one among African mining resources, the continent has a number of other valuable minerals including... 


By: Martin Creamer     15th March 2019 A 24.21 ct rough diamond on a scanner at Alrosa’s selling organisation in Russia, where sorting, valuation and sale of Alrosa diamonds is carried out. The United Selling Organisation employs 500 professionals who grade the gemstones, with diamond acceptance tracked on a computer database. Russia... 

Gem sells 13 ct pink diamond for $8.7m

By: Marleny Arnoldi     14th March 2019 LSE-listed Gem Diamonds on Thursday announced the sale of a 13.33 ct pink diamond on tender in Antwerp for $8.75-million. The diamond was recovered from the Letšeng mine, in Lesotho, in which Gem Diamonds holds a 70% stake, in February.  

Gem Diamonds posts surge in earnings, record production for 2018 

By: Natasha Odendaal     13th March 2019 LSE-listed Gem Diamonds on Wednesday posted a significant surge in earnings as it delivered record diamond recoveries for the year ended December 31, 2018. The diamond miner reported a profit for the year of $46.6-million, compared with the $20.8-million achieved, before exceptional items, in... 

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