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Lerala Diamond Mine Limited is going on auction

17th May 2018 Whether you’re an established or junior miner interested in expanding your mining portfolio, GoIndustry DoveBid SA proudly presents the disposal of Lerala Diamond Mine. Lerala Diamond Mine Ltd is in Liquidation and is being taken to public auction via GoIndustry’s trusted online bidding platform.... 

Alrosa sees rosy prospects from colourful diamonds

By: Reuters     16th May 2018 Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business. Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world. 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Mountain Province welcomes former De Beers CFO as new CEO

By: Henry Lazenby     15th May 2018 Canadian diamond producer Mountain Province Diamonds has appointed Stuart Brown as incoming president and CEO, effective from July 1, to replace interim president and CEO David Whittle, who took the helm following the immediate departure of former president and CEO Patrick Evans in June last... 

Botswana President eyes jobs in new 'marriage' with De Beers

By: Bloomberg     15th May 2018 Botswana’s President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact with De Beers when the current ten-year deal expires in 2020 and for more gems to be processed locally. The conclusion of an accord is crucial for both Botswana, which relies on diamonds for almost a fifth of its... 

Alrosa steps up diamond marketing as miner eyes more cutting

By: Bloomberg     15th May 2018 Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year... 

Liqhobong GM to succeed Brown as CEO of Firestone Diamonds

By: Simone Liedtke     14th May 2018 Paul Bosma has been appointed to succeed Stuart Brown as CEO of Aim-listed Firestone Diamonds, with effect from July 1. Bosma has more than 24 years’ experience in the mining industry, of which 14 years have been in the diamond sector working for diamond major De Beers. 

Billionaire Beny Steinmetz is digging for diamonds again

By: Bloomberg     14th May 2018 Billionaire Beny Steinmetz is back to mining diamonds. The Koidu mine in Sierra Leone, controlled by the billionaire’s family trust, has started mining again after halting production for almost a year. It’s the latest step in a recovery for a business that’s spent much of the last few years in... 

Russia’s Alrosa renews cooperation with Belgium diamond centre

By: Rebecca Campbell     11th May 2018 Russian diamond mining major Alrosa and the Antwerp World Diamond Centre (AWDC) entered a new extended cooperation agreement late last month. The agreement was signed in Moscow by Alrosa CEO Sergey Ivanov and AWDC CEO Ari Epstein, the miner reported in a press release. The new deal both extends... 

De Beers marks first digital tracking of a diamond’s journey from mine to jeweller

By: Natasha Odendaal     10th May 2018 Diamond conglomerate De Beers Group has successfully tracked 100 high-value diamonds along the value chain during the pilot phase of its new industry blockchain platform. A selection of rough diamonds, mined by De Beers, were tracked through an immutable and secure digital trail that was created... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

Lucara Q1 loss widens

By: Anine Kilian     9th May 2018 Lower revenues, higher depletion and amortisation costs and higher administrative and other expenses contributed to a widening in Lucara Diamonds’ net loss to $7-million for the quarter ended March 31, compared with a loss of $1.5-million in the first quarter of 2017. The Vancouver-based miner,... 

Zimbabwe Mining & Tax Law briefing to be held in Johannesburg will shed light on new legislation and expected changes

4th May 2018 With its vast mineral wealth potential, the mining sector in ZImbabwe is set to play a key role in the country’s projected growth forecasts. The Zimbabwe government has stated that it is committed to supporting investors. Zimbabwe’s Mines minister, Winston Chitando, recently said the country has... 

De Beers reports significant increase in diamond production

By: Rebecca Campbell     4th May 2018 Diamond group De Beers has reported that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at... 

Lucapa recovers largest coloured diamond from Lulo

By: Marleny Arnoldi     3rd May 2018 Lucapa Diamonds has recovered a large 46 ct gem-quality pink diamond from its Lulo mine, in Angola.  

Zimbabwe to sign $700m coal-bed methane deal this month

By: Bloomberg     3rd May 2018 Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitando said. The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved... 

Alrosa nets $14.8m in Vladivostok large diamond auction

By: Creamer Media Reporter      3rd May 2018 The United Selling Organisation (USO) of Alrosa has sold 101 special size diamonds (weighing more than 10.8 ct) at its most recent auction in Vladivostok, netting a total revenue of $14.8-million. The Russian diamond mining company invited 86 companies from the world’s main diamond trading hubs,... 

Botswana Diamonds, Vast to collaborate on Zim diamond mining

By: Marleny Arnoldi     2nd May 2018 Aim-listed Botswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.  

Gem Diamonds appoints deputy CEO

By: Marleny Arnoldi     2nd May 2018 Diamond miner Gem Diamonds has appointed COO Johnny Velloza as deputy CEO with immediate effect.  

Halted Botswana diamond mine to be sold at online auction

By: African News Agency      1st May 2018 A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.com. The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales,... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

Kimberley Diamonds' Botswana mine to be auctioned online

By: Bloomberg     30th April 2018 A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers. Online bids for the Lerala Diamond Mine open at 17:00 on May 24 and run through 14:00 on May 30, according to a statement published in the weekly Monitor newspaper by the... 

Gem lifts Q1 production, sales

By: Anine Kilian     26th April 2018 LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat recoveries also rose by 10% on the 30 560 ct recovered in the December 2017 quarter. 

Lucara recovers 327 ct diamond from Karowe

By: Anine Kilian     26th April 2018 Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana.  Eight diamonds greater than 100 ct have now been recovered at Karowe since the beginning of the year, including a 472 ct diamond. 

Newfield Resources’ acquisition of Stellar Diamonds clears all hurdles

By: Marleny Arnoldi     25th April 2018 With all conditions for the proposed acquisition by Australian diversified exploration company Newfield Resources of Aim-listed Stellar Diamonds, now met, the acquisition will become effective from April 26.  

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

De Beers reports rise in Q1 output

By: Rebecca Campbell     24th April 2018 Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater... 

Petra’s value over volume production strategy paying off

By: Simone Liedtke     23rd April 2018 The make-up of production at diamond miner Petra Diamonds is transforming, with higher-value run-of-mine (RoM) production having represented about 82% of the company’s carat volume during the quarter ended March 31. This, the company said on Monday, was in line with the company’s focus on value... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Trans Hex to dispose of Lower Orange River operations

By: Simone Liedtke     20th April 2018 JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million. The agreement includes the disposal of the... 

Diamond miner Alrosa’s first-quarter production slumps

By: Mariaan Webb     20th April 2018 Diamond miner Alrosa on Friday reported a 17% year-on-year decrease in its first-quarter production, as the shutdown of the Mir underground division weighed on its performance and lower-grade ores were processed from the Jubilee pipe. The miner produced 7.42-million carats in the quarter,... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

First phase of Lesotho diamond mine project poised for commercial production in second half of 2018

By: Mia Breytenbach     20th April 2018 Angola- and Lesotho-focused diamond miner Lucapa Diamond Company believes that once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines... 

Promise of Vision 2030 for mining new breath of fresh air

By: Martin Creamer     20th April 2018 The announcement by the Department of Mineral Resources (DMR) that it is engaged in the development of a Vision 2030 for mining is a positive step in the right direction after years of short-term pussyfooting by a department that had fallen behind those of competitive mining jurisdictions in... 

Alrosa opens Mumbai representative office

By: Creamer Media Reporter      19th April 2018 Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Letšeng mining lease to be extended – Gem 

By: Anine Kilian     19th April 2018 The Lesotho government has announced its intention to renew JSE-listed Gem Diamonds’ Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     19th April 2018 Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

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