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R/€ = 14.48 Change: -14.33
R/$ = 12.93 Change: -12.80
Au 1256.83 $/oz Change: 1.66
Pt 931.50 $/oz Change: 3.75
 

Topic

Shore Gold consolidates Star-Orion South diamond project, inks earn-in with Rio Tinto

By: Henry Lazenby     Updated 1 hour 47 minutes ago TSX-listed project developer Shore Gold has consolidated its ownership in the Star-Orion South diamond project, in Saskatchewan, after buying Newmont Canada FN Holdings’ 31% interest in the Fort à la Corne joint venture (FalC JV), the company announced on Friday. With a resulting 100% ownership... 

BCL liquidation poser for Botswana diamond exploration JV

By: Ilan Solomons     23rd June 2017 Diamond explorer and project developer Botswana Diamonds is weighing its options in resolving the corporate governance issues relating to its Maibwe joint venture (JV) exploration project, in the emerging diamond province of Gope in Botswana, says MD James Campbell. The Maibwe JV consists of a... 

Botswana diamond industry goes ex-growth, diamond exploration funds not forthcoming, Botswana determined to be investor friendly

By: Martin Creamer     23rd June 2017 With Botswana's diamond secor going ex-growth, a storng call has been made for the country to consider adopting Canada's flow-through tax incentive as a way of boosting investment in diamond exploration in Botswana, where the new Mineral Resources Minister is determined to make the country's... 

High-quality products equal reduced maintenance on mines

By: Marleny Arnoldi     23rd June 2017 To lower maintenance costs and increase plant efficiency in trying economic times, gratings, stair treads, pressed floors and safety handrails manufacturer Vital Engineering offers clients service level agreements (SLAs) after the completion of projects.  

Golden Saint recovers 14 diamonds from Tongo

By: Megan van Wyngaardt     22nd June 2017 West Africa-focused diamond and gold exploration company Golden Saint has recovered 14 diamonds, weighing a total of 10.46 ct, from its Tongo licence, in Sierra Leone. The diamonds range from 0.25 ct to 2.15 ct apiece, while some 23.62 g of alluvial gold was also recovered from the gravels treated. 

Firestone increases guidance as Liqhobong throughput rises

By: Megan van Wyngaardt     22nd June 2017 Firestone Diamonds now expects to recover around 360 000 ct of diamonds in the financial year ending June 30, against April’s guidance of 300 000 ct, owing to operational ramp-up at its Liqhobong mine, in Lesotho, achieving nameplate throughput capacity on multiple occasions since the start of... 

Revised South African charter poses threat to miners, says Moody's

By: Reuters     21st June 2017 Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation. Anglo American, AngloGold Ashanti, Gold Fields, Petra Diamonds, Sibanye Gold and South32... 

Latest sales cycle earns De Beers $530m

By: Megan van Wyngaardt     20th June 2017 Diamond miner De Beers’ fifth sales cycle for the year generated revenue of $530-million. While this was up from the $522-million of diamonds sold in the fourth sales cycle, sales were lower than the $546-million earned in the fifth cycle in 2016. 

Lucapa adds to revenues

By: Esmarie Swanepoel     19th June 2017 ASX-listed Lucapa Diamond Company has generated another A$1.25-million in revenue through the sale of 1 236 ct of diamonds from the Lulo mine, in Angola. Lucapa said on Monday that the latest parcel of diamond sales achieved an average price of A$1 013/ct. 

Kimberley Diamonds goes into administration

By: Esmarie Swanepoel     16th June 2017 Embattled Kimberley Diamonds has reportedly entered voluntary administration only days after its Lerala diamond mine, in Botswana, was closed. Kimberley delisted from the ASX in March this year, and the Lerala mine was reportedly closed on June 1, with the company citing weak market conditions. 

Alrosa, Dubai trader strengthen ties

By: Megan van Wyngaardt     15th June 2017 The Dubai Multi Commodities Centre (DMCC) and Russian diamond miner Alrosa have agreed to enhance diamond trade cooperation. The parties discussed options for expanding Alrosa’s trading activities at the Dubai Diamond Exchange – a DMCC entity – as well as agreements on enhanced efforts to stem... 

De Beers, Namibia launch world's biggest diamond exploration ship

By: Reuters     15th June 2017 Anglo American's diamond unit De Beers on Thursday launched the world's largest diamond exploration vessel off the coast of Namibia as it looks to maintain high production levels until 2035. The 12 000 t, 113-m-long SS Nujoma was built at a cost of $157-million and is named after Sam Nujoma,... 

De Beers opens platform for third-party polished diamond sales

By: Megan van Wyngaardt     13th June 2017 Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously through the De Beers Auction Sales platform for the first time, when the group’s exceptional polished stones auction is held on June 29. The diamond miner believes buyers and sellers will... 

Botswana Diamonds recovers 223 microdiamonds at Frischgewaagt

By: Creamer Media Reporter      13th June 2017 Aim- and BSE-listed Botswana Diamonds has recovered 223 microdiamonds from 160 kg of kimberlite drill core from the Frischgewaagt project, in South Africa. The diamond grade is estimated to be in a range of 20 carats per hundred tons (cpht) to 270 cpht at a bottom cut-off of 0.6 mm, with the... 

Exploration needed to sustain Botswana diamond history

By: Martin Creamer     13th June 2017 The only way that Botswana can have a long and continued proud history of diamond mining is to spend money on diamond exploration, Botswana Diamonds MD James Campbell said on Tuesday, when he urged the country to consider adopting the Canadian flow-through incentive scheme to boost exploration... 

Botswana determined to become investor friendly – Minister

By: Martin Creamer     12th June 2017 The government is determined to better its legislative framework and policies to ensure the country becomes investor friendly, against a backdrop of collapsed foreign direct investment (FDI). Delivering the keynote address at the Botswana Resource Sector Conference, Mineral Resources, Green... 

Botswana’s diamond sector has gone ex growth – economist

By: Martin Creamer     12th June 2017 Botswana’s diamond sector is not going to disappear but it is also not going to grow. Increasingly, Botswana is a services driven economy, with the real growth coming from the services sector, Econsult MD Keith Jefferis told the Botswana Resource Sector Conference on Monday. The era of Botswana... 

Gem Diamonds recovers two 100 ct plus diamonds from Letšeng

By: Creamer Media Reporter      12th June 2017 LSE-listed Gem Diamonds has recovered a high-quality 104.73 ct D-colour type IIa diamond and a 151.52 ct type I yellow diamond from it Letšeng diamond mine, in Lesotho. This followed the recovery of an exceptional 80.58 ct D-colour type IIa diamond in May, as well as the 98.42 ct and 114 ct... 

Mountain Province announces immediate departure of CEO Evans

By: Henry Lazenby     9th June 2017 Canadian diamond producer Mountain Province Diamonds on Friday announced that president and CEO Patrick Evans would leave the company with immediate effect, following a mutual decision. The 49%-partner of De Beers Canada’s Gahcho Kué mine, in Canada’s Northwest Territories, appointed lead... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Tanzania says to introduce clearing fee for mineral exports

By: Reuters     9th June 2017 Tanzania plans to introduce a 1% clearing fee on the value of mineral exports in 2017/18 (July-June), its finance minister said on Thursday, part of government measures aimed at getting a bigger share of revenues from the east African country's natural resources. "The government will not allow... 

Modern exploration technologies to revive South African diamond mining

By: Robyn Wilkinson     9th June 2017 With the application of third-generation exploration technologies, South Africa may prove to be the next diamond exploration frontier, says diamond explorer Botswana Diamonds MD James Campbell. He notes that, as a result of low investor confidence in the country, little diamond exploration... 

Africa ramping up diamond exploration

By: Robyn Wilkinson     9th June 2017 As exploration activity in the African diamond mining industry resurges in expectation of a supply shortfall in the next five to eight years, mining consultant The MSA Group is preparing its facilities to meet a growth in demand for its services. 

Angola, Russia jointly developing new diamond projects and others

By: Keith Campbell     9th June 2017 Angola and Russia have committed themselves to deepening their economic cooperation, not least in the area of mining. This was made clear during the recent visit to the African country by Russian Vice Premier Yury Trutnev. Among others, he held talks with Angolan State Secretary for Geology and... 

Modern exploration tech to revive local diamond mining

By: Robyn Wilkinson     9th June 2017 With the application of third-generation exploration technologies, South Africa may prove to be the next diamond exploration frontier, says diamond explorer Botswana Diamonds MD James Campbell. 

New mine design focused on realising business excellence

By: Robyn Wilkinson     9th June 2017 Johannesburg-based project management and engineering company Paradigm Project Management (PPM) will apply its “three halves” philosophy to design and develop diamond producer Stellar Diamonds’ Tongo-Tonguma project, in Sierra Leone. 

Small diamond mines running into trouble, diamond beneficiation being put at risk, hopes rising for platinum Mandela coin

By: Martin Creamer     9th June 2017 Four small diamond mines have closed in as many months, Soouth Africa's diamond cuting and polishing industry is being put at risk by a bewildering Ministerial decision and hopes rising for trhe minting of a Mandela coin in platinum. 

Diamond junior sector in urgent need of fixing – Bristow 

By: Martin Creamer     8th June 2017 South Africa needs to fix its declining junior mining sector because the country still has amazing mineral deposits that its mining entrepreneurs are best placed to mine, Global Diamond Network director Dr John Bristow told the Junior Indaba on Thursday. Bristow, who has an illustrious record as... 

Despite a gloomy outlook, Baxter highlights opportunities for emerging miners

By: Ilan Solomons     7th June 2017 While the South African mining sector still faces significant challenges, Chamber of Mines (CoM) CEO Roger Baxter believes that great opportunities still exist in the sector, particularly for emerging miners. Presenting the keynote address at the Junior Indaba, in Johannesburg, on Wednesday,... 

Creamer Media announces special offer on real economy research portal

     7th June 2017 Creamer Media has announced a special offer on its well-respected research portal Research Channel Africa. Research Channel Africa offers unparalleled access to intelligence on industry and mining in South Africa and the wider African continent. 

De Beers subsidiary unveils synthetic screening device for multiple stones

By: Creamer Media Reporter      6th June 2017 Diamond giant De Beers’ International Institute of Diamond Grading and Research (IIDGR) subsidiary on Tuesday unveiled a synthetic screening device to test multiple stones in set jewellery at once without the need for a probe. Synthdetect, which also has a low referral rate of around 0.05%, uses... 

Mining, industrial and agricultural trade show supports diversification

By: Creamer Media Reporter      5th June 2017 Although Zambia is the largest copper producer in Africa and seventh largest globally, in recent years the copper sector has been hit hard by falling commodity prices. This has driven a need to diversify the country’s economy. Solid growth is forecast for Zambia’s mining between 2017 and 2021,... 

Stellar looks to sell Guinea assets for $2m

By: Megan van Wyngaardt     5th June 2017 West Africa-focused Stellar Diamonds has entered into a conditional binding term sheet with financial corporation BDG Capital for the proposed sale of its assets in the Republic of Guinea. This includes certain plant and equipment, as well as the shares in subsidiary companies Ressources... 

India says to levy 3% tax on gold under new regime, industry relieved

By: Reuters     5th June 2017 India will tax gold at a rate of 3% under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday. The Goods and Services Tax (GST) on gold, which was lower than industry expectations of around 5 percent, will replace a number of federal and state levies. 

Gahcho Kué delivers two more large diamonds

By: Henry Lazenby     3rd June 2017 Mountain Province Diamonds has announced the discovery of two large gem-quality diamonds of 84.65 ct and 53.90 ct at the joint venture (JV) Gahcho Kué mine, in April. Mountain Province owns 51% of the mine, with De Beers owning the balance. 

Tychean makes a play for Blom Diamonds

By: Natasha Odendaal     2nd June 2017 ASX-listed Tychean Resources has inked a binding agreement to acquire a 74% interest in South Africa-based diamond company Blom Diamonds, from Ernest Blom. The deal, which includes Blom Diamond Cutting Works and Mons Montis Diamonds, would transform Tychean into a vertically integrated... 

US diamond jewellery demand hits all-time high

By: Natasha Odendaal     2nd June 2017 As total diamond jewellery demand increased marginally to $80-billion in 2016, demand from US consumers ticked up 4.4% to break through the $40-billion mark for the first time. After recording the fifth consecutive year of growth, US consumers now accounted for roughly half of all diamond... 

Congo businesses denounce 'unjust' taxes in copper-mining region

By: Reuters     2nd June 2017 The Chamber of Commerce in Democratic Republic of Congo has complained to the government about a worsening business climate in the country's copper-mining region, including what it says are unjustified duties on power imports. In a letter to the finance minister dated June 1, the chamber said... 

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