R/€ = 16.04 Change: 0.00
R/$ = 14.11 Change: -0.01
Au 1220.74 $/oz Change: -4.03
Pt 840.50 $/oz Change: -11.36


Alrosa to put 202 'special' diamonds up for sale at Israel auction

By: Creamer Media Reporter      16th August 2018 Diamond miner Alrosa will offer 202 gem-quality rough diamonds for sale at an auction to be held in Israel from August 19 to September 6. The diamonds, with a combined weight of 3 165 ct, are all larger than 10.8 ct, otherwise known as 'special' diamonds. 

Mountain Province says latest sale in line with expectations

By: Creamer Media Reporter      16th August 2018 TSX-listed Mountain Province has netted $22.2-million from the sale of 334 751 ct in its sixth diamond sale of 2018, the company reported on Wednesday. The sale realised an average price of $66/ct, which is lower than the previous sale’s realised price of $85/ct, but in line with expectations.... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Gem Diamonds recovers 12th diamond of over 100 ct for 2018

By: Simone Liedtke     15th August 2018 LSE-listed Gem Diamonds has recovered a 138 ct top white colour and Type IIa diamond, at its Letšeng mine, in Lesotho. This diamond, the miner said on Wednesday, is the highest dollar per carat kimberlite diamond in the world. 

Stornoway posts Q2 loss; Renard ramp-up slower than planned

By: Mariaan Webb     15th August 2018 The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned. Stornoway’s share price dipped to a 12-month... 

Mining production increases 2.8% y/y in June

By: Marleny Arnoldi     14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

BlueRock liquidation hearing cancelled as it reaches agreement with former CEO

By: Anine Kilian     10th August 2018 Aim-listed BlueRock Diamonds has reached an agreement with former CEO Riaan Visser that his application for the liquidation of Kareevlei Mining be removed from the court roll, subject to security being provided for the full amount of his alleged claim of about £230 000. Accordingly, the... 

Lucara recovers 253 special diamonds at Karowe in Q2

By: Simone Liedtke     10th August 2018 TSX-listed Lucara Diamonds’ Karowe mine, in Botswana, delivered 253 diamonds larger than 10.8 ct during the second quarter, ended June 30, representing 10.5% of the total recovered carats. This is also the highest number of specials recovered, by quarter, since production started at Karowe. 

Diamcor recovers six special diamonds

By: Anine Kilian     10th August 2018 Diamcor Mining has recovered six special rough diamonds at its Krone-Endora at Venetia project, in South Africa’s Limpopo province.  The diamonds were recovered from material processed through the company's newly upgraded facilities. 

Provisional liquidation application against BlueRock subsidiary to be heard on Aug 10

By: Creamer Media Reporter      7th August 2018 A court hearing has been scheduled for August 10 to consider a provisional liquidation application against Kareevlei Mining, a subsidiary of Aim-listed BlueRock Diamonds. The application was brought by former BlueRock CEO Riaan Visser. 

Mothae delivers more special stones for Lucapa

By: Esmarie Iannucci     7th August 2018 Diamond miner Lucapa has recovered more special and coloured diamonds from its Mothae diamond mine, in Lesotho. The special recoveries included a 28 carat stone from the North zone and two light pink diamonds. 

Alrosa sells main diamond from Dynasty collection

By: Simone Liedtke     3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Letšeng large diamond recoveries reach a record in H1

By: Marleny Arnoldi     3rd August 2018 LSE-listed Gem Diamonds continued to recover large diamonds during the first half of this year, with a record ten diamonds greater than 100 ct recovered, at its Letšeng mine, in Lesotho. Gem recovered another such diamond in July, which resulted in the highest number of more-than-100 ct... 

Company stalwart pioneers female managerial role

By: Tasneem Bulbulia     3rd August 2018 In a notable stride towards gender inclusivity in the diamond industry, De Beers Sightholder Sales South Africa’s Simangele Soni has become the first woman to occupy a senior operations manager role in the organisation. Appointed on March 1, Soni is now part of the sorting, valuation and sales... 

Angola keen on South African companies entering its diamond sector

By: Rebecca Campbell     3rd August 2018 Angola is working to ensure that the major South African diamond companies can operate in the country. This was stated recently by Endiama Strategic Planning and Minerals Operations Bureau head Laureano Paulo. (Endiama is Angola’s State-owned national diamond company. Its name is an acronym for... 

Rare blue diamonds may be Earth's deepest secret

By: Reuters     1st August 2018 The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves before landing for all to see at a Washington museum. The geological history of blue diamonds is even... 

Botswana Diamonds exploration update, says confident it holds licence to Mooikloof

By: Simone Liedtke     31st July 2018 Analysis of Aim-listed Botswana Diamonds’ Free State kimberlites indicates high abundances of diamond inclusion type chemical compositions, thereby rating these kimberlites as being of high interest in terms of their diamond-bearing potential, the company said on Tuesday. The results also... 

Brazil studying auction of rights to six unexplored mining areas in 2019

By: Reuters     31st July 2018 Brazil's geological service is studying auctioning off mining rights in 2019 to six previously unexplored areas that have significant potential output of copper, gold, phosphate and other minerals, the head of the organisation told Reuters on Monday. The geological service CPRM, which operates... 

De Beers sells $530m of rough diamonds in sixth sales cycle

By: Simone Liedtke     31st July 2018 De Beers has sold $530-million worth of rough diamonds in its sixth sales cycle for the year. This is $51-million lower than the $581-million worth of rough diamonds sold in the fifth cycle of this year, and $46-million lower than the $576-million worth of rough diamonds sold in the sixth sales... 

New CEO for Turquoise Hill

By: Creamer Media Reporter      30th July 2018 Vancouver-based Turquoise Hill, which focuses on the operation and development of the Oyu Tolgoi copper/gold mine in Mongolia, has appointed Ulf Quellmann as CEO with effect from August 1, following a comprehensive search process. The NYSE- and TSX-listed company said on Monday that the search,... 

Mothae delivers more diamonds for Lucapa

By: Esmarie Iannucci     30th July 2018 Diamond miner Lucapa has recovered another special diamond from ongoing bulk sampling at its Mothae mine, in Lesotho. The 11.88 carat diamond was recovered from the North zone, and is the first special diamond recovered from that section of the Mothae kimberlite pipe in the current bulk sample. 

Gem Diamonds recovers 100.5 ct diamond from Letšeng

By: Marleny Arnoldi     27th July 2018 LSE-listed Gem Diamonds has recovered a 100.5 ct, top white colour Type IIa diamond from the Letšeng mine, in Lesotho. This recovery is the eleventh diamond of over 100 ct recovered this year.  

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

By: Reuters     26th July 2018 Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin... 

Tanzania targets setting up mineral exchange by end of 2018

By: Bloomberg     26th July 2018 Tanzania plans to establish a minerals exchange by the end of this year, in a bid to ensure the East African nation reaps the most from its resources, Minerals Minister Angellah Kairuki said. The nation’s resources including gold, diamonds, iron, silver, copper, graphite and other rare earth... 

WDC marks first official mission to Angola

By: Simone Liedtke     24th July 2018 Marking the first World Diamond Council (WDC) mission to Angola outside of a formal Kimberley Process (KP) meeting, acting president Stephane Fischler and executive director Marie-Chantal Kaninda travelled to Angola for a series of meetings with stakeholders involved in the KP, last week. The WDC... 

Alrosa reports Q2 results, reaffirms FY guidance

By: Mariaan Webb     23rd July 2018 Russian diamond mining major Alrosa has reported an 18% year-on-year production decrease in the second quarter, as the closure of the Mir underground mine in August last year and lower diamond grades continued to weigh on its operations. The miner produced 8.5-million carats in the second... 

Firestone achieves record quarterly production, meets yearly guidance

By: Marleny Arnoldi     23rd July 2018 Aim-listed diamond miner Firestone Diamonds achieved an ‘exceptional’ operational performance at its 75%-owned Liqhobong mine, in Lesotho, during the fourth quarter ended June 30. Recoveries for the quarter increased by 36.8% to 263 512 ct, resulting in the production of 835 832 ct for the full... 

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... 

Resources Watch  

18th July 2018 Platinum jewellery heading for good year – PGI Cullinan mine moves to centralised blasting to improve safety, efficiency And, Shondoni to help sustain Sasol's Secunda Complex until 2050 

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... 

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