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


WFDB appoints World Diamond Mark chairperson

By: Creamer Media Reporter      12th July 2018 Former Dubai Diamond Exchange president Peter Meeus has been appointed chairperson of the World Federation of Diamond Bourses’ (WFDB’s) World Diamond Mark (WDM) programme. “I am delighted that Peter has agreed to take over as chairperson of the WDM, which was created by the WFDB in 2012. Peter... 

Exploration at Botswana Diamonds JV project delivers encouraging results

By: Creamer Media Reporter      11th July 2018 The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled. A total of 267 KIMs were discovered,... 

Merlin readies for mining

By: Esmarie Iannucci     11th July 2018 ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory. The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the... 

Alrosa sells $2.6bn worth of diamonds in H1

By: Marleny Arnoldi     10th July 2018 Diamond miner Alrosa sold $390-million worth of rough and polished diamonds in June, taking half-year sales to $2.6-billion.  

Stornoway says Renard set for higher processing, carat recoveries in H2

By: Mariaan Webb     6th July 2018 The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year. The transition from openpit operations and the completion of... 

BlueRock lifts Kareevlei production by 81% y/y in H1

By: Nadine James     6th July 2018 Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year. Revenue per tonne processed amounted to $7.76. 

De Beers subsidiary's SYNTHdetect technology a finalist for industry innovation award

By: Creamer Media Reporter      6th July 2018 The International Institute of Diamond Grading & Research's (IIDGR's) SYNTHdetect synthetic diamond screening device has been shortlisted as a finalist for Industry Innovation of the Year in this year’s JNA Awards. SYNTHdetect, launched last year, is the first synthetic diamond screening device... 

Cullinan mine moves to centralised blasting to improve safety, efficiency  

By: Nadine James     6th July 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Angola adopts new system for selling its diamonds

By: Rebecca Campbell     6th July 2018 The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and... 

Petra to sell KEM JV stake to Ekapa for R300m

By: Creamer Media Reporter      5th July 2018 LSE-listed Petra Diamonds and its black economic empowerment partners plan to sell their 75.9% interest in the Kimberley Epaka Mining (KEM) joint venture (JV) to JV partner Ekapa Mining for about R300-million. The KEM JV incorporates the Kimberley Underground mine, extensive tailings retreatment... 

Petra receives valid acceptances for 94.97% of rights issue shares

By: Simone Liedtke     29th June 2018 Petra Diamonds has received valid acceptances in respect of 316.92-million shares, representing about 94.97% of the rights issue shares offered in a five to eight rights issue announced in May. Further, subscribers have been procured for 16.7-million rights issue shares, for which valid... 

Rockwell unable to file financial year-end results by required deadline

By: Anine Kilian     29th June 2018 JSE-listed Rockwell Diamonds will not be able to file audited versions of its annual financial statements for the year ended February 28, by the required deadline of June 30, the company said in a statement on Friday. The embattled company's shares were delisted from the TSX at the end of August... 

Lucapa recovers 89ct diamond in Lesotho

By: Esmarie Iannucci     29th June 2018 Diamond miner Lucapa Diamond Company has recovered an 89 carat yellow diamond from the current bulk sampling programme at its Mothae project, in Lesotho. The bulk sampling programme is designed to expand and improve the current Mothae resource by processing areas of the kimberlite pipe which... 

Gem appoints interim technical adviser as deputy CEO resigns

By: Simone Liedtke     28th June 2018 LSE-listed Gem Diamonds deputy CEO Johnny Velloza intends to leave the company as an executive on September 15. A search for his successor is under way, but in the interim, Gavin Beevers will join the company as technical adviser from July 1, during the handover period and beyond. 

Petra’s Cullinan mine uses new centralised blasting system to improve safety, productivity

By: Nadine James     27th June 2018 Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation. The system was officially launched on Wednesday. 

Karowe resource update supports continued recovery of high-value diamonds – Lucara

By: Simone Liedtke     27th June 2018 An updated mineral resource estimate on TSX-listed Lucara Diamond’s Karowe mine, in Botswana, supports the continued recovery of large, high-value diamonds from the South Lobe throughout the remaining life of the openpit and the likelihood for underground mining until at least 2036, CEO Eira... 

Tango mobilises additional equipment for processing Oena tailings

By: Marleny Arnoldi     25th June 2018 Diversified junior miner Tango Mining has produced 95 diamonds, weighing 152.63 ct, at its Oena alluvial diamond operation, in South Africa’s Northern Cape province, for the production period ending June 14.  

BlueRock resumes production at Kareevlei

By: Creamer Media Reporter      22nd June 2018 Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley. The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput. 

More boardroom diversity means less in C-suite, Lucara CEO says

By: Bloomberg     21st June 2018 The push by mining companies to attract more women to their boardrooms may be short-sighted as top female candidates are diverted from senior executive jobs, according to the head of Lucara Diamond Corp. “There’s such a push for diversity on boards, and young women are really being encouraged to... 

Gem declares $18.3m in payments to Lesotho, Botswana governments

By: Simone Liedtke     19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

CAR struggling to resume diamond exports, tax revenue lags

By: Reuters     18th June 2018 Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical... 

Lucapa, partners sell another $2m of Lulo diamonds

By: Creamer Media Reporter      18th June 2018 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have completed a further sale of 1 782 ct of alluvial diamonds from the Lulo project, in Angola. The parcel achieved gross sale proceeds of $2-million, or A$2.7-million, representing an... 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Rapid dewatering pumps ensure safer diamond mining

By: Erin Steenhoff-Snethlage     15th June 2018 Germiston-based pumps supplier Centex Africa has supplied 13 dewatering pumpsets, with another eight pumpsets on order, to Namibian diamond mining company Namdeb to prolong the life of the mine by ensuring the safer mining of diamonds in the ocean water lakes in Oranjemund, on the southern coast... 

Alrosa auctioning large rough diamonds in Asia

By: Rebecca Campbell     15th June 2018 Russian diamond mining major is currently holding an auction in Hong Kong for large rough diamonds, and will soon start a second one in Vladivostock. The Hong Kong auction started on June 13 and will run until June 27. The Vladivostock auction will start on June 18 and conclude on June 29. In... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Iannucci     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

US suggests need for broader conflict diamond definition, due diligence for responsible sourcing

By: Marleny Arnoldi     13th June 2018 The Kimberley Process (KP) intercessional, which will take place from June 18 to 22 in Antwerp, Belgium, will focus on proposed reforms in the certification system to help achieve ambitious goals in the global diamond industry. This year, the European Union is chairing the KP and India is serving... 

Petra Diamonds shareholders back rights issue

By: Reuters     13th June 2018 Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170-million to help cut its debt burden, driving the share price around 5% higher. The company, which has suffered setbacks in Tanzania as well as production delays and strikes, had said there was a... 

Angola's top diamond mine says underpricing has cost it almost $500m

By: Reuters     12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

BlueRock expects improved performance as it rectifies Kareevlei cone crusher issue

By: Marleny Arnoldi     11th June 2018 Aim-listed BlueRock Diamonds and an independent engineering consultant have evaluated the crushing circuit at the Kareevlei mine, in Kimberley, in the Northern Cape.  

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Alrosa sells $288m of diamonds in May

By: Creamer Media Reporter      8th June 2018 Diamond miner Alrosa Group sold $288-million worth of rough and polished diamonds in May. Rough diamond sales amounted to $277.5-million and polished diamond sales to $10.5-million. 

Technological advancements unlock midwater mining

By: Paige Müller     8th June 2018 Using effective, remote marine mining tools that can handle rugged and uneven midwater terrains has placed abundant midwater diamond deposits within reach of small-scale mining operations, says local diamond exploration company Mza Diamond Resources CEO Willem Steenkamp. He notes that geologists... 

Diamond industry longevity on the line

By: Paige Müller     8th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

Beneficiation industry declines amid restrictive legislative environment, training dearth

By: Paige Müller     8th June 2018 The South African diamond beneficiation market is no longer globally competitive, says rough and polished diamonds and precious stones trading association World Federation of Diamond Bourses president Ernest Blom. He tells Mining Weekly that the local diamond beneficiation industry has “shrunk... 

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

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