R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94


Mining at Alrosa’s Zarya to start next year

By: Marleny Arnoldi     20th July 2018 Russian diamond mining group Alrosa’s Zarya diamond deposit in Sakha (Yakutia) is in its final stages before diamond mining will start next year. Since 2016, ten-million-cubic-metres of overburden were removed from the openpit mine, reaching a depth of 100 m. Drainage ditch construction,... 

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

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... 

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

By: Mariaan Webb     18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

The world's biggest miners want more copper but nobody's selling

By: Bloomberg     17th July 2018 It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The largest miners all say they’re bullish on copper and looking for growth in the metal that’s forecast to be in ever-greater demand as cities expand and... 

Zimbabwe has skills, natural resources to support increasing investment

By: Erin Steenhoff-Snethlage     13th July 2018 Zimbabwe has adequate skilled and unskilled labour to support increasing investment and the expansion of mining operations, claims mining, exploration and development company Caledonia Mining. Caledonia owns the Blanket gold mine in Zimbabwe, one of the few operating gold mines in the country.... 

Angolan companies looking to find and exploit local gold and diamond reserves

By: Rebecca Campbell     13th July 2018 The Angolan Government has granted four new prospecting concessions for gold, the Macauhub news agency has reported. All four concessions have gone to partnerships formed by the State-owned Empresa Nacional de Ferro de Angola (Ferrangol – the National Iron Company of Angola) with various private... 

UP to host diamond exploration course in October

By: Nadine James     13th July 2018 The University of Pretoria (UP) will be hosting a short course on ‘Diamond Exploration and their Primary and Secondary Sources’ from October 23 to 26. The internationally recognized short course will be led by Tsodilo Resources nonexecutive director and geologist Dr Mike de Wit and resource... 

First diamond package at Tsodilo’s BK16 yields valuation of $197.68/ct

By: Creamer Media Reporter      12th July 2018 An independent evaluation of a package of diamonds recovered from TSX-V-listed Tsodilo Resources’ BK16 project, in Botswana, has yielded a valuation of, on average, $197.68/ct. The package comprised two parcels totaling 224 diamonds and a total weight of 34.35 ct. 

Rio Tinto unveils large vivid pink Argyle diamond

By: Creamer Media Reporter      12th July 2018 Rio Tinto has unveiled the largest vivid pink diamond in the history of its Argyle pink diamonds tender, during a preview in Sydney. The 3.14 ct polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink... 

WFDB appoints World Diamond Mark chairperson

By: Creamer Media Reporter      12th July 2018 Former Dubai Diamond Exchange president Peter Meeus has been appointed chairperson of the World Federation of Diamond Bourses’ (WFDB’s) World Diamond Mark (WDM) programme. “I am delighted that Peter has agreed to take over as chairperson of the WDM, which was created by the WFDB in 2012. Peter... 

Exploration at Botswana Diamonds JV project delivers encouraging results

By: Creamer Media Reporter      11th July 2018 The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled. A total of 267 KIMs were discovered,... 

Merlin readies for mining

By: Esmarie Swanepoel     11th July 2018 ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory. The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the... 

Alrosa sells $2.6bn worth of diamonds in H1

By: Marleny Arnoldi     10th July 2018 Diamond miner Alrosa sold $390-million worth of rough and polished diamonds in June, taking half-year sales to $2.6-billion.  

Stornoway says Renard set for higher processing, carat recoveries in H2

By: Mariaan Webb     6th July 2018 The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year. The transition from openpit operations and the completion of... 

BlueRock lifts Kareevlei production by 81% y/y in H1

By: Nadine James     6th July 2018 Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year. Revenue per tonne processed amounted to $7.76. 

De Beers subsidiary's SYNTHdetect technology a finalist for industry innovation award

By: Creamer Media Reporter      6th July 2018 The International Institute of Diamond Grading & Research's (IIDGR's) SYNTHdetect synthetic diamond screening device has been shortlisted as a finalist for Industry Innovation of the Year in this year’s JNA Awards. SYNTHdetect, launched last year, is the first synthetic diamond screening device... 

Cullinan mine moves to centralised blasting to improve safety, efficiency  

By: Nadine James     6th July 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Angola adopts new system for selling its diamonds

By: Rebecca Campbell     6th July 2018 The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and... 

Petra to sell KEM JV stake to Ekapa for R300m

By: Creamer Media Reporter      5th July 2018 LSE-listed Petra Diamonds and its black economic empowerment partners plan to sell their 75.9% interest in the Kimberley Epaka Mining (KEM) joint venture (JV) to JV partner Ekapa Mining for about R300-million. The KEM JV incorporates the Kimberley Underground mine, extensive tailings retreatment... 

Petra receives valid acceptances for 94.97% of rights issue shares

By: Simone Liedtke     29th June 2018 Petra Diamonds has received valid acceptances in respect of 316.92-million shares, representing about 94.97% of the rights issue shares offered in a five to eight rights issue announced in May. Further, subscribers have been procured for 16.7-million rights issue shares, for which valid... 

Rockwell unable to file financial year-end results by required deadline

By: Anine Kilian     29th June 2018 JSE-listed Rockwell Diamonds will not be able to file audited versions of its annual financial statements for the year ended February 28, by the required deadline of June 30, the company said in a statement on Friday. The embattled company's shares were delisted from the TSX at the end of August... 

Rio Tinto ready to splash out on copper

By: Reuters     29th June 2018 Rio Tinto wants copper badly, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters. 

Lucapa recovers 89ct diamond in Lesotho

By: Esmarie Swanepoel     29th June 2018 Diamond miner Lucapa Diamond Company has recovered an 89 carat yellow diamond from the current bulk sampling programme at its Mothae project, in Lesotho. The bulk sampling programme is designed to expand and improve the current Mothae resource by processing areas of the kimberlite pipe which... 

Gem appoints interim technical adviser as deputy CEO resigns

By: Simone Liedtke     28th June 2018 LSE-listed Gem Diamonds deputy CEO Johnny Velloza intends to leave the company as an executive on September 15. A search for his successor is under way, but in the interim, Gavin Beevers will join the company as technical adviser from July 1, during the handover period and beyond. 

Petra’s Cullinan mine uses new centralised blasting system to improve safety, productivity

By: Nadine James     27th June 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Karowe resource update supports continued recovery of high-value diamonds – Lucara

By: Simone Liedtke     27th June 2018 An updated mineral resource estimate on TSX-listed Lucara Diamond’s Karowe mine, in Botswana, supports the continued recovery of large, high-value diamonds from the South Lobe throughout the remaining life of the openpit and the likelihood for underground mining until at least 2036, CEO Eira... 

Tango mobilises additional equipment for processing Oena tailings

By: Marleny Arnoldi     25th June 2018 Diversified junior miner Tango Mining has produced 95 diamonds, weighing 152.63 ct, at its Oena alluvial diamond operation, in South Africa’s Northern Cape province, for the production period ending June 14.  

BlueRock resumes production at Kareevlei

By: Creamer Media Reporter      22nd June 2018 Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley. The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput. 

More boardroom diversity means less in C-suite, Lucara CEO says

By: Bloomberg     21st June 2018 The push by mining companies to attract more women to their boardrooms may be short-sighted as top female candidates are diverted from senior executive jobs, according to the head of Lucara Diamond Corp. “There’s such a push for diversity on boards, and young women are really being encouraged to... 

Gem declares $18.3m in payments to Lesotho, Botswana governments

By: Simone Liedtke     19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

CAR struggling to resume diamond exports, tax revenue lags

By: Reuters     18th June 2018 Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical... 

Lucapa, partners sell another $2m of Lulo diamonds

By: Creamer Media Reporter      18th June 2018 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have completed a further sale of 1 782 ct of alluvial diamonds from the Lulo project, in Angola. The parcel achieved gross sale proceeds of $2-million, or A$2.7-million, representing an... 

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... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Rapid dewatering pumps ensure safer diamond mining

By: Erin Steenhoff-Snethlage     15th June 2018 Germiston-based pumps supplier Centex Africa has supplied 13 dewatering pumpsets, with another eight pumpsets on order, to Namibian diamond mining company Namdeb to prolong the life of the mine by ensuring the safer mining of diamonds in the ocean water lakes in Oranjemund, on the southern coast... 

Alrosa auctioning large rough diamonds in Asia

By: Rebecca Campbell     15th June 2018 Russian diamond mining major is currently holding an auction in Hong Kong for large rough diamonds, and will soon start a second one in Vladivostock. The Hong Kong auction started on June 13 and will run until June 27. The Vladivostock auction will start on June 18 and conclude on June 29. In... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

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