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Topic

DDE and Stargems host six rough diamond tenders, over 2-million carats sold

By: Tasneem Bulbulia     12th November 2018 The Dubai Diamond Exchange (DDE) and Stargems Group have completed six rough diamond tenders of Anhui-Congo Mining Investment Company goods, with over two-million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the DDE... 

Diamond industry’s confidence in XRT sorting growing

2nd November 2018 X-ray transmission (XRT) technology has ushered in a new era for diamond recovery, with an increasing number of mining 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... 

Gem to build $3m plant to test tech that identifies diamonds within kimberlite ore

By: Simone Liedtke     31st October 2018 In line with its strategy of the early detection of large diamonds and reducing diamond damage, LSE-listed Gem Diamonds has approved the construction of a $3-million pilot plant, at Letšeng, in Lesotho, that will use innovative technology to identify diamonds within kimberlite ore and... 

Firestone reports lower q/q output, sales for Q1

By: Marleny Arnoldi     29th October 2018 Aim-listed Firestone Diamonds recovered 240 733 ct of diamonds at a grade of 23.8 carats per hundred tonnes (cpht) from its Liqhobong mine, in Lesotho, during the quarter ended September 30 – the first quarter of its 2019 financial year This compares with the 263 512 ct recovered at a grade of... 

Alrosa joins De Beers’ blockchain traceability pilot

By: Creamer Media Reporter      29th October 2018 Russian diamond miner Alrosa has joined the Tracr diamond industry blockchain traceability platform that fellow miner De Beers is developing. Alrosa’s involvement brings the world’s two largest diamond producers together in the pilot programme that aims to provide enhanced assurance for... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Saskatchewan diamond mine gains provincial approval

By: Mariaan Webb     29th October 2018 The Star Diamond Corporation has received environmental approval from the Saskatchewan government for its Star-Orion South project, near Prince Albert. The project already has a positive federal environmental assessment decision in the bag. 

South Africa’s IDC invests R100m in Lucapa’s Lesotho mine

By: Esmarie Iannucci     25th October 2018 Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho. The facility will span a four-year period, and will include a 12-month moratorium on capital... 

Lucara to hold first sale through Clara digital sales platform

By: Simone Liedtke     22nd October 2018 TSX-listed Lucara Diamond Corp will hold the first diamond sale through its 100%-owned digital sales platform, Clara Diamond Solutions, in November. It has invited a select group of large vertically integrated jewellery houses and global diamond manufacturers to participate in the sale. 

Petra delivers sound Q1 production

By: Tasneem Bulbulia     22nd October 2018 London-listed Petra Diamonds achieved a solid operational performance in the three months ended September 30 – the first quarter of its 2019 financial year. Production for the period increased by 21% year-on-year to 1.07-million carats, mainly as a result of a 25% increase in run-of-mine... 

Why a no-deal Brexit risks freezing London's diamond trade

By: Bloomberg     19th October 2018 The UK has warned that a no-deal Brexit risks London being frozen out of the global diamond trade. Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to... 

Mountain Province says recent diamond sale netted $24.2m

By: Creamer Media Reporter      19th October 2018 Toronto-based miner Mountain Province has netted $24.2-million from the sale of 366 505 ct in its most recent diamond sale, which the company says is in line with its expectations. The sale, held on October 5, realised an average value of $66/ct. 

De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Initial assessment of the T1A concession in the Marange Diamond Fields of Zimbabwe

18th October 2018 Botswana Diamonds plc is pleased to announce that it and Vast Resources plc ("Vast") have received a preliminary geological assessment of the Heritage Concession ("Block T1A") within the Marange Diamond Fields of Zimbabwe. Vast has a due diligence access agreement and pre-agreed joint venture... 

Vast Resources, Botswana Diamonds receive preliminary geological assessment on Marange JV

By: Simone Liedtke     17th October 2018 Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made. As... 

De Beers reports steady demand for its rough diamonds 

By: Marleny Arnoldi     16th October 2018 Diamond miner De Beers Group on Tuesday announced that it had sold $475-million worth of rough diamonds during the eighth sales cycle of this year. This is lower than the $503-million worth of diamonds sold in the seventh cycle of the year, but higher than the $376-million worth of diamonds sold... 

Releasing exploration companies from onerous regulatory burdens is positive

By: Martin Creamer     12th October 2018 Mining Charter Three does not tie exploration companies down to the obligations it places on new mining licence applicants. Exploration has not been encumbered with 30% black economic empowerment obligations, 5% carried interest for labour, 5% carried interest for communities and the other boxes... 

Blockchain tech coming to commodities, Masters tells LME

By: Bloomberg     10th October 2018 The blockchain is coming to commodity markets, Blythe Masters told guests at the London Metal Exchange annual dinner during LME Week. The virtual ledger technology underlying cryptocurrencies such as Bitcoin promises greater confidentiality, fewer paper exchanges, better provenance and a boost in... 

RioZim to sue central bank over dollar payments

By: Reuters     9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... 

Alrosa finds 28.59ct yellow diamond

By: Creamer Media Reporter      8th October 2018 Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year. The diamond was discovered at Ebelyakh placer deposit in July. 

BlueRock seeks to improve Kareevlei profitability with proposed upgrades

By: Creamer Media Reporter      8th October 2018 Aim-listed BlueRock Diamonds will, subject to funding, invest in further improvements at its mining operation, plant and necessary personnel at the Kareevlei diamond mine, in the Northern Cape, to increase the capacity and efficiency of the operation. The proposed investment is expected to... 

Metals streaming a viable alternative funding solution – Fasken

By: Simone Liedtke     5th October 2018 Persistent volatility in commodity prices has made it increasingly difficult for mining companies to access debt and equity financing, which is why more mining companies may be considering entering into metals streaming agreements, as opposed to seeking traditional forms of finance, law firm... 

Greater beneficiation in South Africa not feasible yet

By: Marleny Arnoldi     4th October 2018 Public Investment Corporation mining, beneficiation and energy sector specialist Heidi Sternberg says it is widely believed that South Africa should be beneficiating, since it has much of the world’s gold and platinum resources. “It is a key node for job creation; however, beneficiation requires... 

Botswana Diamonds agrees development of concessions in the Marange Diamond Fields of Zimbabwe with Vast Resources plc

4th October 2018 Botswana Diamonds, (‘BOD’) the AIM and BSE listed explorer, is pleased to announce that it has concluded an agreement with Vast Resources plc (‘Vast’) the AIM listed mining and resource development company, for the development of their concessions in the prolific Marange Diamond Fields (‘MDF’) of... 

Botswana Diamonds, Vast firm up Marange concession development partnership

By: Tasneem Bulbulia     4th October 2018 Explorer Botswana Diamonds has concluded an agreement with mining and resource development company Vast Resources for the development of its concessions in the prolific Marange Diamond Fields (MDF) of eastern Zimbabwe.  A separate agreement will cover the joint development of diamond properties... 

Rio is hunting deals, discoveries for 'beautiful' diamonds unit

By: Bloomberg     4th October 2018 Two of the world’s top diamonds producers are both shopping for deals, with Rio Tinto following De Beers in hunting for projects to replace aging operations and position for an improving global market outlook. Rio is actively looking for more acquisitions after making a small investment in a... 

Stornoway announces C$129m financing package

By: Creamer Media Reporter      3rd October 2018 Quebec diamond miner Stornoway has announced a series of financing transactions, totalling $129-million, with lenders and key stakeholders to provide greater financial and operational flexibility. The financing package is made up of a deferral of certain loan principal repayments for a 24-month... 

Alrosa’s Hong Kong large diamond sale yields $10.7m

By: Mariaan Webb     2nd October 2018 Russia's Alrosa has sold 136 gem-quality diamonds, with a total weight of 2 234 ct, for $10.7-million at an auction in Hong Kong. The sale included 25 fancy yellow diamonds, weighing 440 ct. 

Rio unveils three large diamonds

By: Esmarie Iannucci     2nd October 2018 Diversified miner Rio Tinto and its joint venture partner Dominion Diamond Mines have revealed three of the finest large rough diamonds from the Diavik mine, in Canada, that will be up for tender, closing on October 25. Collectively known as the Diavik Stars of the Arctic, the three rough... 

Large new TOMRA x-ray sorter

1st October 2018 A game changer for mineral processing he TOMRA COM XRT 2.0 machine with higher belt speed and through-put as well as heavy ining 

Firestone recovers 835 000 ct in first full year of production

By: Marleny Arnoldi     28th September 2018 Aim-listed Firestone Diamonds has narrowed its loss a share to about $0.03 for the financial year ended June 30, compared with the loss a share of $0.37 in the prior comparable period. In the first full year of production at its Liqhobong mine, in Lesotho, the company’s loss decreased by 91% to... 

Free State has potential to host further commercial kimberlites – Botswana Diamonds

By: Simone Liedtke     25th September 2018 The Free State has the potential to host further commercial kimberlites, says Botswana Diamonds, referencing research in various archives into the history of diamond mining in South Africa. Following the initial document research work and ground truthing, Aim-listed Botswana Diamonds has since... 

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... 

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