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BlueRock pleased with ramp-up in production at Kareevlei

By: Creamer Media Reporter      26th July 2017 Production has continued to improve at Aim-listed BlueRock Diamonds’ Kareevlei mine, in Kimberley, with total tonnage for July expected to reach about 20 000 t, a 35% increase on the 14 427 t achieved in June. BlueRock is aiming for a monthly target of 25 000 t by the fourth quarter of this year. 

Rockwell postpones AGM

By: Henry Lazenby     26th July 2017 TSX- and JSE-listed diamond producer Rockwell Diamonds has delayed its annual general meeting (AGM) from August 23 to October 2. The company, which has three South African subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – has to file its business rescue plan by... 

Gem encouraged by recovery of more 100 ct-plus diamonds at Letšeng

By: Creamer Media Reporter      25th July 2017 London-listed Gem Diamonds is encouraged by the improvement in the recovery of diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the first half of this year. It recovered four diamonds larger than 100 ct in the six months to June 30, and another in July. 

Petra eyes double-digit growth in FY18 production

By: Natasha Odendaal     24th July 2017 Diamond miner Petra Diamonds has tabled a production guidance for the 2018 financial year of between 4.8-million and five-million carats, up 23% on the year ended June 30, 2017, on the back of the continued roll-out of expansion programmes. With continual increases in production, the company set... 

Alrosa's H1 diamond output up 14%

By: Mariaan Webb     24th July 2017 Russian mining giant Alrosa boosted its diamond production by 14% year-on-year in the first six months of 2017, as higher diamond grades were achieved from several pipes. The company produced 19.3-million carats of rough diamonds from the processing of 16.9-million tons of ore and sand. 

ASA Resources to sell Klipspringer mine

By: Anine Kilian     24th July 2017 Aim-listed ASA Resources’ 73%-owned subsidiary SouthernEra Diamonds will sell its Klipspringer diamond mine, in South Africa, to mining exploration company Greenhurst Mining for R23-million. Klipspringer has been making a loss of at least R1-million a month. 

Diamonds bring new life to war-torn Central African Republic

By: Bloomberg     24th July 2017 Rough diamonds enabled Abdoul Raouf to marry three women and put his nine children through school. Now that his town in western Central African Republic can legally export the gems to world markets again, his neighbors are expecting similar fortunes. “Diamonds are my life,” said Raouf, who trades... 

Geophysical techniques touted as ideal for alluvial diamond exploration

By: Ilan Solomons     21st July 2017 Ground geophysical surveys have been carried out by the Council for Geoscience (CGS) on a farm that hosts an alluvial diamond mining operation near Schweizer-Reneke, in the North West. The North West is host to what were previously known as the Southwestern Transvaal diamond fields. The surveys... 

Social media fuelling illicit diamond trade in Central African Republic – report

By: Ilan Solomons     21st July 2017 A new undercover investigation by international watchdog organisation Global Witness has uncovered how diamond smugglers are making use of social media platforms as they seek to get diamonds linked to the ongoing violent conflict in the Central African Republic (CAR) out of the country and into... 

SUCKING UP TO DIAMONDS

By: Martin Creamer     21st July 2017 Diamond company De Beers finds some of its most valuable diamonds on the floor of the Atlantic Ocean, off the coast of Namibia. It recovers the diamonds by sucking them off the seabed in a vacuuming action that creates angst among some environmental organisations and helicoptering them to shore.... 

EU court upholds asset freeze on Central African diamond traders

By: Reuters     20th July 2017 An EU court on Thursday upheld the bloc's freeze on the funds of two companies charged with trafficking in conflict diamonds and supporting armed groups in the Central African Republic. In 2015, the European Union decided to block the European assets of Badica, a large diamond trading firm in the... 

Alrosa discovers two large diamonds

By: Mariaan Webb     20th July 2017 Russian diamond major Alrosa has discovered two large diamonds this week, one of which weighs nearly 110 ct and the other a 75 ct stone. The larger of the two diamonds was recovered at the No 3 processing plant of the Mirny mining and processing division on Tuesday, and the other diamond was... 

A decade since global financial crisis, diamond industry yet to re-test 2011 summer highs

By: Henry Lazenby     19th July 2017 This year marks ten years since the start of the global financial crisis in 2007, an event that shook global markets to the core and precipitated a changed market landscape for many commodities, including diamonds. With this in mind, independent diamond industry analyst and consultant Paul... 

Rio's quest to add more diamonds takes hunt to Canadian forest

By: Bloomberg     18th July 2017 Rio Tinto Group’s pursuit of new diamond output to tap rising demand in Asia is focusing on an unheralded exploration project in the Canadian forest. The world’s second-biggest miner on Tuesday added the Fort a la Corne joint venture, about 60 kilometers (37 miles) east of Prince Albert in... 

Rockwell’s business rescue plan to be published by September 30

By: Natasha Odendaal     18th July 2017 The business rescue plan of troubled dual-listed alluvial diamond miner Rockwell Diamonds will be published by September 30. The business rescue process of Rockwell’s three South African subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine – is ongoing. 

Firestone Diamonds’ Liqhobong mine reaches quarterly targets

By: Anine Kilian     17th July 2017 Aim-listed Firestone Diamonds’ Lesotho-based Liqhobong diamond mine treated 925 000 t of material in the quarter ended June 30. This brings the total for the financial year to 1.97-million tonnes, the company said in a statement on Monday.   

Tennis ball-sized 'diamond in the rough' too big to sell

By: Reuters     17th July 2017 In the mysterious world of diamond mining, it turns out that some stones are too big to sell. Canada's Lucara Diamond Corp will have to cut its tennis ball-sized rough diamond to find a buyer, industry insiders say, following Sotheby's failed auction for the world's largest uncut stone last summer. 

Botswana Diamonds’ Vutomi licences extended adjacent to Frischgewaagt

By: Natasha Odendaal     17th July 2017 Dual-listed Botswana Diamonds has been granted a prospecting licence over an additional 1 000 ha immediately east of and contiguous to its Frischgewaagt project, in South Africa. The explorer’s current drilling programme, which is expected to start within weeks, will be extended into the new... 

Dominion is said to seek sweeter deal from Montana billionaire

By: Bloomberg     15th July 2017 Canada’s Dominion Diamond Corp is hoping Montana billionaire Dennis Washington will cough up a little more cash to buy the world’s third-largest producer of rough diamonds by value. However, the company – which has put itself on the block twice in the past two years – says there’s no guarantee a... 

Having stemmed flow of conflict diamonds, new WDC acting president to stay course

By: Henry Lazenby     15th July 2017 The World Diamond Council (WDC) will stay its course, focused on its primary mission of curbing the trade in conflict diamonds, under new acting president Stephane Fischler, who took the helm on July 1 from Andrey Polyakov, who has resigned. “We have succeeded in almost totally eradicating... 

Kimberlite discovered on Vutomi licence

By: Anine Kilian     14th July 2017 Aim-and BSE-listed Botswana Diamonds has identified a Group 2 kimberlite pipe at its Ontevreden licence, in South Africa’s North West province, which is held by diamond deposit explorer Vutomi. Initial work indicates an area of between 1.5 ha and 2.5 ha containing high-interest garnets.   

Rough diamond market stable – Alrosa

By: Creamer Media Reporter      14th July 2017 Diamond mining major Alrosa has sold $2.497-billion worth of rough and polished diamonds in the first six months of 2017. Rough diamond sales comprised $2.442-billion of the total sales. 

Historic diamond hub feels the brunt as Americans buy fewer gems

By: Bloomberg     14th July 2017 An ugly year for diamonds in the vital US market is piling pressure on Europe’s historic center of the $80-billion global trade. Diamond trading companies in the Belgian port city of Antwerp, which has been the industry’s trading capital for five centuries, were already feeling the pinch from a... 

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.... 

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Initiatives launched to probe unexploited potential of diamond-bearing gravel deposits, other minerals

By: Ilan Solomons     14th July 2017 The South African mining sector is currently facing a decline and in an attempt to stimulate and support renewed mining activities, the Council for Geoscience (CGS) has launched a number of projects funded by the Department of Energy (DoE) aimed at investigating the unexploited potential of... 

Pockets of potential bode well for future

By: Nica Schreuder     14th July 2017 The expected turning point in the African mining sector has not yet occurred, owing to continued soft economic growth in emerging economies allied to uneven global economic recoveries, divergent monetary policies and significant geopolitical/social issues, which continue to create further... 

Massive copper mine tests Trump's push to slash regulation

By: Reuters     13th July 2017 Rio Tinto's proposed Resolution Copper Mine in Arizona would tunnel 7 000 feet underground, where rocks radiate heat from the earth’s molten core. It would suck up enough water to supply a city and leave a crater a mile and a half wide and 1 000 feet deep. Planned for more than a decade, the... 

Stornoway missing out on improved market price for Renard diamonds; completes ramp-up

By: Henry Lazenby     12th July 2017 Canadian diamond producer Stornoway Diamond Corp reveals that ongoing diamond breakage in the Renard process plant are reducing the proportion of larger diamonds available for sale and dimming revenues, while market sentiment for Renard’s precious gems is on the up. The Longueuil, Quebec-based... 

Winmar eyes new projects in Iberian Pyrite Belt

By: Mariaan Webb     11th July 2017 Australia’s Winmar Resources is assessing additional projects in the Iberian Pyrite Belt and is in discussions with a number of parties holding properties in the region, the company said this week, as it announced that it had stopped all significant expenditures at the Lomero joint venture (JV)... 

Anglo is said to opt for De Beers' historic London base as new HQ

By: Bloomberg     11th July 2017 Anglo American plans to redevelop the historical premises of its De Beers diamond unit after choosing the building as its preferred option for a new London headquarters, according to people with knowledge of the plan. The company intends to modernise the Charterhouse Street property and then... 

Botswana Diamonds refines Frischgewaagt grade estimates

By: Natasha Odendaal     11th July 2017 Aim-listed Botswana Diamonds has refined its Vutomi joint venture’s estimate for the grade at its Frischgewaagt project, in South Africa. This followed the inclusion of the results of the bulk sample and an update to the estimation analysis technique, which indicated a medium grade of 78 carats... 

Diamcor sells 2 000 ct in final June tender

By: Anine Kilian     10th July 2017 TSX-V-listed Diamcor Mining sold 2 153 ct of rough diamonds for gross proceeds of $338 380, resulting in an average price of $157.16/ct in a third and final tender and sale for the quarter completed in June. This brings the total rough diamonds tendered and sold from the initial processing of... 

Diamond firm's seized assets ordered to be returned by court

By: Bloomberg     7th July 2017 A Belgian court ordered lender KBC Group to return seized assets from one of the diamond industry’s most storied names within 24 hours, a court ruling shows. Exelco was on track to repay loans to KBC by 2020 as planned, so the lender’s early seizure of assets was unnecessary, the Antwerp court... 

Diverse footprint keeps orders coming in during downturn 

By: Victor Moolman     7th July 2017 The wide geographic spread of Barloworld Equipment, the South African distributor of US-based construction equipment manufacturer Caterpillar’s products, insulates it from the effects of mining cycles that may challenge the sustainability of some of its competitors. 

Gem Diamonds recovers 126 ct diamond from Letšeng

By: Natasha Odendaal     6th July 2017 LSE-listed Gem Diamonds on Thursday unveiled its latest recovery from its Letšeng mine, in Lesotho – a high-quality 126 ct, D-colour Type IIa diamond. This followed the recovery of a high-quality 104.73 ct D-colour Type IIa diamond and a 151.52 ct Type I yellow diamond in June, an exceptional... 

Belgian bank KBC seizes assets from storied Antwerp diamond firm

By: Bloomberg     4th July 2017 Belgian bank KBC Group seized assets from one of the diamond industry’s most storied names as it seeks to recover unpaid loans, according to court documents. KBC is seeking to recover €26-million ($29-million) from Exelco, and had bailiffs search the firm’s Antwerp offices as well as offices... 

Kenya reviews mining laws as industry struggles to grow

By: Bloomberg     4th July 2017 Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the UK Department for International Development-funded Extractives Hub to come up with a... 

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