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Topic

Pangolin starts drill programme at Botswana diamond projects

By: Anine Kilian     1st February 2018 TSX-listed Pangolin Diamonds has started a drill programme at its wholly-owned Malatswae and Moenyenana diamond projects, in Botswana. Drill results are expected to be announced by the end of the second quarter once analysed and confirmed by a qualified laboratory. 

Increased capital raise takes Artemis cash reserves to A$20m

By: Mariaan Webb     1st February 2018 Pilbara junior Artemis Resources has raised an additional A$2-million from institutional clients of Patterson Securities, taking the company’s cash reserves to more than A$20-million. The additional capital will be raised through the issue of 10-million fully paid ordinary shares at A$0.20 a... 

Creamer Media wows market with combined subscription offer

By: Creamer Media Reporter      30th January 2018 Creamer Media’s Research Channel Africa is a powerful information tool, providing real-time intelligence on industry and mining developments in Africa. Publishing Editor, Martin Creamer urges readers to “make a smart choice for 2018 and take up Creamer Media’s combined subscription offer”.  This... 

Industry restocking boosts De Beers’ cycle one rough diamond sales

By: Creamer Media Reporter      30th January 2018 Diamond miner De Beers achieved an “encouraging” sales performance in the first sales cycle of this year, with industry restocking contributing to increased demand for rough diamonds. The company sold $665-million worth of diamonds in the sales cycle, compared with sales of $445-million in the... 

Mountain Province to buy exploration-spinout Kennady Diamonds for C$176m

By: Henry Lazenby     30th January 2018 TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds has signed a definitive arrangement agreement whereby it will buy its exploration spinout Kennady Diamonds in an all-scrip deal worth about C$176-million, the companies announced on Monday. News of the transaction buoyed Kennady's... 

Petra delivers record production but stifled by Tanzania blockage

By: Megan van Wyngaardt     29th January 2018 In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance. This represented record production for any six-month period for the company. 

Wind of change sees DMR grant prospecting licences to De Beers 

By: Martin Creamer     29th January 2018 After a two-year procrastination, the Department of Mineral Resources (DMR) has approved 16 prospecting licence applications submitted by De Beers Consolidated Mines (DBCM). The licences are all in the Kimberley area of the Northern Cape, where DBCM began mining diamonds 130 years ago. (Also... 

Tharisa's Pouroulis meets Zimbabwe leader, seeks opportunities

By: Bloomberg     26th January 2018 Tharisa CEO Phoevos Pouroulis met Zimbabwe’s new President Emmerson Mnangagwa on January 18, as the Cyprus-based platinum and chrome mining company seeks opportunities in the country with the world’s second-biggest reserves of the metals. Pouroulis was accompanied to the meeting in Mnangagwa’s... 

Alrosa CEO, Angolan President discuss Catoca shareholding

By: Megan van Wyngaardt     26th January 2018 Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%. "Recently, we have seen positive changes related to increasing of transparency... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Alrosa aims to sell 40m carats of diamonds in 2018

By: Reuters     25th January 2018 Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday. The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine... 

Botswana Diamonds to undertake further geological work at Limpopo project

By: Simone Liedtke     25th January 2018 Further geological work will be conducted at diamond exploration and project development company Botswana Diamonds’ Thorny River project, in Limpopo, to further refine grade and revenue estimates and extend volume estimates.  

Alrosa appoints director for soon-to-be-opened Indian office

By: Creamer Media Reporter      25th January 2018 Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai. The Indian office is scheduled to open in March. 

Côte d'Ivoire mining sector turnover rose 11.5% in 2017

By: Reuters     25th January 2018 Côte d'Ivoire's mining sector turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel, the government spokesman said on Wednesday. "The mining sector announced a sales revenue of 539-billion CFA francs ($1.02-billion) in 2017, compared to 483-billion... 

Cradle Arc's London listing to fund Botswana copper

By: Reuters     24th January 2018 Copper producer Cradle Arc embarked on a new London listing on Wednesday to fund production in Botswana, considered by miners as a safe African jurisdiction seeking to diversify its economy from its reliance on diamonds. Formerly known as Alecto Minerals, which ceased trading last July, Cradle... 

Alrosa signs 67 long-term diamond supply contracts

By: Creamer Media Reporter      23rd January 2018 Diamond major Alrosa has signed 67 long-term agreements for the sale of gem quality and industrial rough diamonds, 12 of which are agreements with Russian companies. Of the eight Russian companies that are buying rough diamonds from Alrosa, three are new clients – Aives, Diapur and Kristalldiam. 

Thermaspray – coating solutions partner for the mining industry

     23rd January 2018 Thermaspray, South Africa’s leading coating and surface engineering specialist, offers a quality range of thermal spray coating solutions for the protection of critical components in mining machinery and equipment. “Enhanced performance and durability along with extended equipment life span as a... 

Thermaspray – coating solutions partner for the mining industry

     23rd January 2018 Thermaspray, South Africa’s leading coating and surface engineering specialist, offers a quality range of thermal spray coating solutions for the protection of critical components in mining machinery and  equipment.“Enhanced performance and durability along with extended equipment life span as a... 

Zimbabwe considers building gold, diamond reserves to back currency relaunch

By: Bloomberg     23rd January 2018 Zimbabwe’s new President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country’s own currency. The nation abandoned the Zimbabwe dollar in February 2009 after an economic collapse saw inflation surge to about... 

Gold market mulling blockchain to secure $200bn of supply

By: Bloomberg     23rd January 2018 Gold is going digital. Blockchain technology may help keep track of the roughly $200 billion of the precious metal dug from remote mines, traded by middlemen and melted down by recyclers that’s sold each year to buyers scattered around the world. 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

Gem Diamonds makes fourth 100-ct-plus discovery at Letšeng this year

By: Megan van Wyngaardt     22nd January 2018 LSE-listed Gem Diamonds on Monday reported that it has the recovered a 149 ct, D-colour Type IIa diamond, with excellent shape, from its 70%-owned Letšeng mine, in Lesotho. This is the fourth high-quality diamond of over 100 ct recovered so far this year, and follows closely upon the recovery of... 

On-The-Air (19/01/2018) 

By: Martin Creamer     19th January 2018 Diamond mining in the diamond city of Kimberley has been given a sparkling new lease of life thanks to smart new technology; The Industrial Development Corporation is calling for smarter mining, smarter agriculture and smarter manufacturing to pull South Africa ahead; and The Constitutional Court... 

Millennials snubbing diamonds has hedge fund seeing slump deepen

By: Bloomberg     19th January 2018 Diamonds are set to slump further, according to a hedge fund whose bet on marijuana made it the world’s best performer in 2016. Prices of the precious gem may slump as much as 10% this year as it loses appeal with younger consumers and faces challenges from synthetic alternatives, said... 

BlueRock starts mining new kimberlite pipe, expects improved results

By: Megan van Wyngaardt     18th January 2018 South African-focused diamond miner BlueRock Diamonds made a number of planned modifications to the crushing circuit at its Kareevlei diamond mine, near Kimberley, during a three-week Christmas break. The modifications are expected to improve the method of feeding ore to the crushers. 

Firestone Diamonds revises Liqhobong mine plan to yield better results

By: Megan van Wyngaardt     17th January 2018 Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds. Diamonds... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

By: Megan van Wyngaardt     17th January 2018 Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116 ct low-quality diamond is the second 100-ct plus stone recovered in the first three weeks of the... 

November mining figures impress, but volatility seems to be on the cards

By: Megan van Wyngaardt     16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

De Beers turns to blockchain to track diamond origins and purity

By: Reuters     16th January 2018 Anglo American's diamond unit De Beers aims to launch the first industry-wide blockchain this year to track gems each time they change hands starting from the moment they are dug from the ground, its chief executive said on Tuesday. De Beers, the world's biggest diamond producer by the value of... 

Only four diamonds are bigger than one just found at famed mine

By: Bloomberg     16th January 2018 A small, embattled diamond miner just hit the jackpot. The 910-carat stone found by Gem Diamonds Ltd. high in the mountains of Lesotho in southern Africa is the fifth-largest in history. Here are the bigger ones: THE CULLINAN DIAMOND 

Rockwell subsidiaries sale still on the table

By: Henry Lazenby     16th January 2018 A two-pronged purchase offer by Ascot Diamonds to acquire the three bankrupt South African subsidiaries, and later, a Cayman-based entity of Canadian miner Rockwell Diamonds is still a viable solution to achieve a sale transaction and therefore, a higher recovery value for creditors, Rockwell... 

Gem discovers 910 ct diamond

By: Anine Kilian     15th January 2018 LSE-listed Gem Diamonds has recovered a 910 ct, D colour Type IIa diamond from its Lesotho-based Letšeng mine. The diamond, the largest recovered from the mine, is believed to be the fifth-largest gem-quality diamond ever recovered. 

Fura closes in on Colombian emerald mine buy; to create single-stop Dubai-based gemstone shop

By: Henry Lazenby     13th January 2018 Canadian gemstone-focused miner Fura Gems is setting up a single-stop destination in Dubai, where rubies and emeralds produced from its Mozambique and Colombian assets will be graded and sold at the Almas Tower. “The Almas Tower is arguably one of the most secure spaces in the world, from where... 

Botswana’s Okavango posts record diamond sales at $567m

By: Reuters     12th January 2018 Botswana’s Okavango Diamond Company (ODC) posted a 4% jump in sales to $567-million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday. The State-owned company sold 3.41-million carats of diamonds in 2017, managing director Marcus ter Haar told Reuters,... 

Alrosa’s 2017 rough and polished sales dip to $4.3bn

By: Mariaan Webb     11th January 2018 Russian miner Alrosa’s diamond sales fell to $4.27-billion in 2017, from $4.45-billion in the previous year, as the average price of its rough diamonds dipped. Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained on Thursday that the average price of rough diamonds sold by... 

Rosneft decides against bid for Alrosa's gas assets for now

By: Reuters     10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Kimberley’s diamond endowment given new sparkle 

By: Martin Creamer     8th January 2018 Generations of diamond processing experience, interwoven with modern know-how, is extending the diamond endowment of the city of Kimberley. Kimberley Ekapa Mining Joint Venture (KEM-JV) has come up with a viable business model that returns a diamond sparkle to the city renowned for its... 

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