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Alrosa Q3 net profit halves on losses from flooded mine

By: Reuters     17th November 2017 Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95-billion roubles from the year-ago period, caused by losses related to a flooded underground mine. The company said it incurred losses worth 7.38-billion roubles from the flooded mine Mir. 

Botswana Diamonds positive about potential at South African project

By: Anine Kilian     17th November 2017 A detailed ground geophysical survey undertaken on eight Group 1 kimberlites at Aim-listed Botswana Diamonds’ Free State exploration project, which is located between Bloemfontein and Kimberley, in South Africa, has indicated that the sizes of these kimberlites range from 0.3 ha to 1.15 ha. The... 

Holding thumbs for growth-positive High Court outcomes that will keep credit ratings agencies at bay

By: Martin Creamer     17th November 2017 South Africa is in desperate need of economic growth and the sector that can provide that growth, if unfettered, is mining. Make mining competitive, inclusive and transformative and it will deliver an economic momentum across its many economic linkages and float all boats. 

US 2.1 Billion mining project runs on Candy

     16th November 2017 The De Beers Group started excavation work on an underground extension to its Venetia Mine in South Africa in 2013. The new development is expected to extend the life of the mine to 2046 and deliver about 96 million carats in diamonds. The US 2.1 billion project is the biggest investment in the... 

Creamer Media wows market with combined subscription offer

By: Creamer Media Reporter      16th November 2017 Creamer Media’s Research Channel Africa is a powerful information tool, providing real-time intelligence on industry and mining developments in Africa. Publishing Editor, Martin Creamer urges readers to “make a smart choice for 2018 and take up Creamer Media’s combined subscription offer”.  This... 

'Raj Pink' diamond fails to sell at Geneva sale – Sotheby's

By: Reuters     16th November 2017 "The Raj Pink", the largest known diamond graded "fancy intense pink" for its rare colour, was among several major jewels stranded on the auction block on Wednesday at Sotheby's sale in Geneva. The cushion-shaped stone, weighing 37.30 ct and mounted on a ring, was billed as the star lot at... 

Flawless 163 ct diamond reaps $34m in auction

By: Bloomberg     15th November 2017 A flawless 163 ct clear diamond fetched about $34-million at Christie’s in Geneva on Tuesday evening. The diamond, the centerpiece of an asymmetric gem-studded necklace designed by Fawaz Gruosi, founder of Geneva jeweler De Grisogono, was the largest of its kind ever auctioned. 

Research Channel Africa 

By: Creamer Media Reporter      15th November 2017 Creamer Media’s Research Channel Africa is a powerful information tool.  When your company subscribes to the Research Channel Africa, found at www.researchchannel.co.za , you will have access to real-time intelligence on industry and mining in Africa. At you finger tips, you will be able to... 

Winmar withdraws from Spain JV, reduces salaries by 50%

By: Mariaan Webb     14th November 2017 Australia’s Winmar Resources has slashed its staff salaries and directors fees by half to minimise cash outflows until it has secured a new lead project. The announcement on Tuesday comes a day after the company said that it had withdrawn from the Lomero joint venture project with Kimberly... 

De Beers reports uptick in demand ahead of Christmas

By: Creamer Media Reporter      14th November 2017 An uptick in demand for diamonds ahead of Christmas has contributed to De Beers reporting sales of $455-million for its ninth sales cycle of the year, compared with sales of $376-million in the eighth sales cycle. This was, however, lower than the sales of $476-million achieved in the ninth sales... 

Mountain Province reports Q3 net income of C$27.7m

By: Henry Lazenby     14th November 2017 Mountain Province Diamonds has reported a third-quarter net profit of C$27.7-million, or C$0.17 a share, representing a profit during the first full operating quarter of its 49%-owned Gahcho Kué (GK) mine, in Canada’s Northwest Territories, since declaring commercial production on March 1.... 

Lucapa recovers eighth diamond larger than 100 ct from Angola

By: Anine Kilian     13th November 2017 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes, better know as Endiama, and Rosas & Petalas have recovered a high-value 129.58 ct diamond from the Lulo project, in Angola.   The diamond was recovered from alluvial mining block six along with another large... 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Positive signs for African miners with transparent regulations

By: Tasneem Bulbulia     10th November 2017 While the African mining industry is in a downturn, countries that boast favourable mining regulations will capitalise once the industry improves, says global engineering, project and technical services firm Wood Mining & Minerals EMEA business development director Trevor Anderson. Wood is a... 

Tsodilo to treat BK16 samples to recover diamonds, assess economic viability

By: Mia Breytenbach     9th November 2017 Following a completed drilling and bulk sampling programme at TSX-listed Tsodilo Resources’ 100%-owned BK16 kimberlite project, in Botswana’s Orapa kimberlite field (OKF), the company will treat the samples to recover diamonds and determine the grade, quality and size distribution of the... 

Alrosa recovers two 100-ct-plus diamonds from Jubilee pipe

By: Creamer Media Reporter      9th November 2017 The Jubilee (Yubileynaya) pipe at Aikhal mining and processing division of Russian miner Alrosa has yielded two gem-stone quality diamonds of more than 100 ct each last year. The smallest of the two stones is a 108.34 ct rough diamond, measuring 23 mm by 20.56 mm by 17.86 mm. The other stone is a... 

Rockwell subsidiaries’ liquidation application postponed to March; Ascot eyes gap for acquisition

By: Natasha Odendaal     9th November 2017 With the liquidation application for three JSE-listed Rockwell Diamonds subsidiaries postponed to March next year, Ascot Diamonds can now continue its bid for the subsidiaries and, subsequently, the acquisition of N9C Resources, one of Rockwell’s Cayman Islands subsidiaries. The Canadian alluvial... 

Tsodilo drilling programme shows solid business case for BK16

By: Megan van Wyngaardt     8th November 2017 A recently completed drilling and bulk sampling programme at TSX-listed Tsodilo Resources’ 100%-owned BK16 kimberlite project, in the Orapa kimberlite field (OKF), in Botswana, has returned positive results. The $1.7-million programme was completed on time and within budget and focused on bulk... 

Altus Strategies gets go ahead for Liberia exploration

By: Megan van Wyngaardt     7th November 2017 Africa-focused exploration project generator Altus Strategies has been granted an exploration licence over the 732 km2 Zolowo project, in the Lofa county of north-western Liberia. The licence targets Archaean greenstone-hosted gold deposits and contains numerous and extensive artisanal alluvial... 

Stornoway reports rising prices for Renard diamonds; Q3 output, grade outperform plan

By: Henry Lazenby     4th November 2017 Quebec diamond miner Stornoway Diamond Corp has reported strong operating results for the third quarter ended September, with diamond output and the Renard mine's grade performing above plan. Stornoway sold a total of 405 643 ct during the quarter in two tender sales, with gross proceeds of... 

Congo State miner failed to log $740m in revenues, report says

By: Reuters     3rd November 2017 Democratic Republic of Congo's State mining company failed to internally register $740-million in income between 2011-2014, much of which is now untraceable, the Carter Center said in a report on Friday. The amount makes up two-thirds of the $1.1-billion that the copper producer was entitled to... 

Alrosa's Vladivostok special-stone auction brings in $9m

By: Creamer Media Reporter      3rd November 2017 Diamond miner Alrosa has netted $9-million in the special-size rough diamond auction that was held at its branch in Vladivostok in late October. The company sold 66 stones with a total weight of 1 084 ct. Alrosa said the most expensive diamond was a 40.47 ct stone that sold for more than... 

PEA supports development of underground mine at Lucara’s Karowe

By: Natasha Odendaal     3rd November 2017 A preliminary economic assessment (PEA) has revealed the potential for the development of an underground mine at Karowe, in Botswana, TSX-listed Lucara Diamond said on Friday. The Vancouver-based diamond producer is considering the development and commissioning of an underground mine after the... 

Scarce funding necessitates effective project management

By: Simone Liedtke     3rd November 2017 The South African mining industry is not a sunset industry, but will continue its decline until there is a significant change in the relationship between industry stakeholders, such as government, labour and mining companies, states Paradigm Project Management (PPM) director Jeremy Clarke. 

Alrosa reaffirms commitment to long-term contracts

By: Creamer Media Reporter      1st November 2017 Russian diamond giant Alrosa has reaffirmed its commitment to channel 70% of its sales to key customers governed by three-year contracts. Alrosa started implementing long-term contracts in 2009 and has said that the sales practices had repeatedly proved its efficiency. 

Gem Diamonds reports increase in Q3 diamond sales

By: Anine Kilian     31st October 2017 Sales from Aim-listed Gem Diamonds’ Letšeng mine, in Lesotho, increased by 19% year-on-year to $48.1-million in the third quarter ended September 30. The company attributed this to improved demand for high-value rough diamonds, which benefited prices. 

Karelian granted permit to explore in area where it found green diamond

By: Mariaan Webb     27th October 2017 The Finnish Mining Authority has granted Karelian Diamonds an exploration permit in the Kuhmo region, where it had discovered a green diamond at the start of the year. The permit covers an area of 60.67 ha and is valid for four years. 

On-The-Air (27/10/2017) 

By: Martin Creamer     27th October 2017 South Africa’s foremost mining leader – Mxolisi Mgojo – this week called for a collective national vision to re-energise the stagnating South African economy; Big Type II diamonds that have been buried deep in the earth of billions of years are popping up to the surface and fetching as much as... 

Openpit mining prolific in recovery of miner’s diamonds

     27th October 2017 Openpit mining is the most common method of recovering its diamonds, says international diamond company De Beers, which operates several opencast mines in Africa, namely South Africa and Botswana. De Beers Consolidated Mines (DBCM), formed in 1888, is South Africa’s largest rough diamond... 

Without exploration for new orebodies, South African mining will end its invaluable contribution to the South African economy

By: Martin Creamer     27th October 2017 South Africa needs to pretend it is starting again at the bottom end of the mineral resources value curve and create a vision for exploration. Without exploration, it is just a matter of time before the mining lights go out. 

Resources Watch  

     26th October 2017 Exploration, junior culture needed to save mining; Young HDSA diamond beneficiators doing well; And, Diamond exploration intensifying close to mine that paid for itself in 3.5 days 

Relook at low-carat pipes could spring big diamond surprises   

By: Martin Creamer     25th October 2017 Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged. Although diamond company De Beers walked away... 

De Beers JV to close four Namibian mines by 2022 – union official

By: Reuters     25th October 2017 Namdeb, a 50:50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, plans to close four mines by 2022 in the southern African country, a Namibian newspaper quoted a union official on Tuesday as saying. The Namibian Sun quoted Mineworkers Union of Namibia... 

Botswana Diamonds discovers eight kimberlites at Free State project

By: Anine Kilian     24th October 2017 Aim-listed Botswana Diamonds has discovered eight group one kimberlites at its Free State project.   Active exploration has begun on the project, which comprises four prospecting rights covering 50 000 ha of ground within a kimberlite cluster, which has the iconic diamond mines of Jagersfontein... 

Stellar receives environmental licence for Tongo project

By: Anine Kilian     24th October 2017 Sierra Leone’s Environmental Protection Agency has granted Aim-listed Stellar Diamonds an environmental licence for its Tongo diamond mining project. It is now expected that the National Minerals Agency will draw up the Tongo mining licence for consideration. 

Petra reports strong Q1 performance, despite strike, Tanzania export ban

By: Creamer Media Reporter      23rd October 2017 Despite labour disruptions at LSE-listed Petra Diamonds’ Finsch, Koffiefontein and Kimberley Ekapa Mining (KEM) Joint Venture (JV) operations in late September, CEO Johan Dippenaar says the group achieved a strong start to the 2018 financial year. Production for the quarter was down 4%... 

Lucapa boosts Lesotho diamond project’s economics

By: Esmarie Swanepoel     23rd October 2017 A new development plan for the Mothae kimberlite diamond mine, in Lesotho, has significantly improvedproject economics, ASX-listed Lucapa Diamonds reported on Monday. Lucapa’s initial plans for the Mothae project would have seen the company process some two-million tonnes of mainly weathered,... 

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