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Topic

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... 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

Kareevlei output rises 81% y/y in H1

By: Tasneem Bulbulia     20th September 2018 Diamond mining company BlueRock Diamonds has achieved an 81% increase year-on-year increase in production at its Kareevlei diamond mine, in the Kimberley region, to 73 028 t for the six months ended June 30. This represents an active period for the company, culminating in the restabilisation of... 

ADVISIAN appoints Mervyn Stevens to Mining & Mineral Processing lead role.

By: Creamer Media Reporter      20th September 2018 Advisian, the independent consulting business of WorleyParsons, has appointed Mervyn Stevens as Managing Consultant, Mining & Mineral Processing, Europe, Middle East and Africa (EMEA). Mervyn has specialist expertise in design, commissioning, process optimization, mine production management and... 

Lulo kimberlite investment contract gazetted

By: Tasneem Bulbulia     18th September 2018 Tphe Angolan Ministry of Mineral Resources and Petroleum has gazetted a new mineral investment contract for the Lulo kimberlite exploration licence, covering a five-year period through to April 30, 2023. Lucapa Diamond Company co-owns and operates the kimberlite  exploration programme on the... 

Petra says owed $25m in VAT refunds by Tanzania

By: Reuters     17th September 2018 Petra Diamonds is owed about $25-million in value added tax (VAT) refunds by Tanzania, its chief executive said on Monday. "We are not getting paid at the moment. The historical figure owed is $16-million," CE Johan Dippenaar told Reuters in an interview, adding that current VAT is an additional... 

Petra lifts FY18 adjusted Ebitda, starts search for new CEO

By: Tasneem Bulbulia     17th September 2018 Diamond miner Petra Diamonds achieved a 37% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $195.4-million for the financial year ended June 30. Its adjusted Ebitda margin improved to 39%, from 36% in the 2017 financial year. 

How Anglo quietly built a commodity trader in Glencore's shadow

By: Bloomberg     17th September 2018 Anglo American has quietly become a commodities trader. In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces. Yet the trading business gets barely a mention at presentations by Anglo executives or in analyst reports, taking... 

Premium Lulo diamonds to be sold under new Angola marketing system

By: Mariaan Webb     14th September 2018 ASX-listed Lucapa is preparing to sell its first diamonds from the Lucapa mine through the new marketing channels that Angola is establishing as part of the government’s diamond sector reforms. Certain large premium-valued diamonds will be the first Lulu production to be sold through the new... 

Anglo American asks Angola for permission to explore for metals

By: Reuters     14th September 2018 Anglo American, one of the world's largest commodities miners, has asked Angola for permission to explore for base metals, the country's Ministry for Mines said on Friday. Anglo, which operates diamond, copper, platinum mines around the world, submitted a letter of intent to invest in the... 

Tsodilo's Botswana kimberlite project produces 44 ct

By: Schalk Burger     14th September 2018 TSX-listed Tsodilo Resources’ BK16 kimberlite project, in the Orapa kimberlite field, in Botswana, has produced a third parcel of diamonds, comprising 279 diamonds weighing 43.95 ct, the company said in a statement on Thursday. The diamondiferous BK16 kimberlite pipe is about 6 ha in size at... 

Tango’s African diamond focus grows

By: Schalk Burger     14th September 2018 TSX-listed Africa-focused Tango Mining on Thursday reported production since January of 941 ct of high-value diamonds from its Oena diamond mine, in the Western Cape. It also reported on progress at further diamond exploration projects in Angola, Liberia and Botswana. 

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

Growing demand for synthetics not a threat to natural diamonds

By: Nadine James     14th September 2018 Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky. While the laboratory-grown diamond jewellery market is forecast to grow to about... 

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... 

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. 

South African mining sees considerable decline of 5.2% in July – Stats SA

By: Simone Liedtke     13th September 2018 Mining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs). According to Statistics South Africa (Stats SA), gold decreased by 15%,... 

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 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... 

Tango buys Liberia diamond project

By: Creamer Media Reporter      11th September 2018 TSX-V-listed Tango Mining has signed an agreement to acquire an 80% unencumbered interest in the Mano River project from West Mining, in Liberia. The property consists of one recently granted 104.3 km2 diamond mineral exploration licence located in the western part of the country in an area well... 

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... 

Large diamond recoveries contribute to Gem’s strong H1 financial performance

By: Creamer Media Reporter      5th September 2018 Record recoveries of large, high-quality diamonds at the Letšeng mine, in Lesotho, contributed to a strong financial performance for LSE-listed Gem Diamonds in the first half of this year. The miner, which recovered ten diamonds weighing more than 100 ct each during the six months, on Wednesday... 

BlueRock starts processing from second kimberlite pipe at Kareevlei  

By: Creamer Media Reporter      4th September 2018 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine, nearly Kimberley, in the Northern Cape, has started kimberlite processing from the KV1 pipe – the mine’s second kimberlite pipe. KV1 is one of five known kimberlite pipes within the Kareevlei project area and has an... 

POZ to bid for Ellendale mine

By: Esmarie Swanepoel     4th September 2018 ASX-listed POZ Minerals on Tuesday told shareholders that it will throw its hat in the ring for the Ellendale diamond mine, in Western Australia. The state government in late August announced that it was looking for a new owner to reopen the Ellendale mine, with expressions of interest (EOI)... 

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... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Diamond sector must do more to tackle transparency challenge – rights groups

By: Anine Kilian     31st August 2018 The diamond industry continues to be tainted by links between diamonds and human rights abuses, conflict finance and corruption. This is according to Global Witness conflict resources campaign leader Michael Gibb, who notes that, although the diamond industry is not the only sector facing these... 

Lucapa Achieving “Sparkling”Diamond Success In Both Africa And Australia

29th August 2018 Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds. The Company’s CEO and Managing Director, Mr Stephen Wetherall, told the first day today of the three day Paydirt Africa Down Under (ADU) mining... 

Applied Mineral Technologies

27th August 2018 Established in 2001, South African materials handling systems and processing plants construction company Applied Mineral Technologies (Amtec) has come a long way from being a consultancy to a fully fledged industrial construction company. Amtec specialises in civil, structural, mechanical, piping... 

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... 

Diamond industry’s confidence in XRT sorting growing

24th August 2018 X-ray transmission (XRT) technology has ushered in a new era for diamond recovery, with an increasing number of companies embracing the technology and scaling back on the use of conventional technologies, such as dense media separation, for the treatment of middle and coarse-sized material. “The... 

BlueRock achieves 80 t/h crushing target at Kareevlei

By: Marleny Arnoldi     24th August 2018 The crushing circuit at BlueRock Diamonds’ Kareevlei mine, in the Northern Cape, is now processing at its targeted production level of around 80 t/h following the installation of a second cone crusher and the implementation of optimisation initiatives. In June, BlueRock discovered a fault in... 

Botswana Diamonds excited about working with Vast on Zim diamond concession

By: Simone Liedtke     23rd August 2018 Botswana Diamonds chairperson John Teeling on Thursday said the company was looking forward to working with fellow Aim-listed Vast Resources on realising the full potential of the Hertiage diamond concession area and other areas in Zimbabwe. This followed Wednesday’s announcement by Vast that it... 

Vast concludes JV to access diamond fields in Zimbabwe

By: Anine Kilian     22nd August 2018 Aim-listed Vast Resources has concluded an agreement with Red Mercury for exclusive access to a diamond concession area in what has become known as the Marange diamond fields in the Chiadzwa region of Zimbabwe.  Under the terms of the agreement, Vast will have the right to carry out initial due... 

Lucara subsidiary to collaborate with diamond tech company

By: Creamer Media Reporter      20th August 2018 Lucara Diamond Corporation’s Clara Diamond Solutions subsidiary has entered into a collaboration agreement with diamond industry technology developer Sarine Technologies. Clara, a digital sales platform acquired by Lucara in February, will be the exclusive, worldwide customer for customised... 

BlueRock secures loan from chairperson, CEO

By: Anine Kilian     17th August 2018 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei mine, in the Kimberley region of South Africa, has entered into a loan with chairperson Paul Beck and CEO Adam Waugh.   

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