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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... 

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 49% 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... 

On-The-Air (02/06/2017) 

By: Martin Creamer     2nd June 2017 The financial woes of diamond mining surfaced again this week when a fourth mine closed its doors; A puzzling decision by new Minerals Minister Mosebenzi Zwane is putting South Africa’s diamond cutting business at risk; and Top South Africans are looking forward to the years when the platinum... 

Israeli diamond billionaire Leviev buys into Zambia emerald mine

By: Bloomberg     1st June 2017 Billionaire Lev Leviev, who made his fortune undercutting De Beers’ former diamond monopoly, has bought half of one of Africa’s biggest emerald mines. Leviev bought into the Grizzly emerald mine in Zambia’s Copperbelt province, which borders the Democratic Republic of Congo, Kombadayedu Kapwanga,... 

Rockwell future hinges on timely single-mine ramp-up, business rescue wrap

By: Henry Lazenby     31st May 2017 The future of Canadian alluvial diamond miner Rockwell Diamonds hinges on the timely and successful ramp-up of its now flagship Wouterspan (WPC) operation, in South Africa’s Middle Orange River region, and the completion of the business rescue process implementing the company’s new mining... 

De Beers taking Minerals Minister to court over bewildering diamond export obfuscation

By: Martin Creamer     31st May 2017 The South African government is refusing to grant an exemption to diamond mining company De Beers Consolidated Mines (DBCM) relating to the exportation of diamonds to neighbouring Botswana for aggregation, Mining Weekly Online can today report. Aggregation is the process of mixing like-for-like... 

Diamcor recovers 5.36 ct green diamond

By: Anine Kilian     30th May 2017 Diamond miner Diamcor Mining has recovered a 5.36 ct green gem-quality octahedron rough diamond from its Krone-Endora at Venetia Project, in Limpopo, South Africa. An analysis of the diamond will be performed over the coming weeks to aid the company in determining the best course of action to... 

NUM vows to fight alleged racism at Kimberley Ekapa Mining Joint Venture

By: African News Agency      29th May 2017 The National Union of Mineworkers (NUM) at Kimberley Ekapa Mining Joint Venture (KEM JV) said on Monday that it was “very concerned and disturbed” by the manner in which the mine management was allegedly treating the workers and victimising its leadership at the mine. This comes after a slew of... 

Diamond industry faces headache as key US market takes a knock

By: Bloomberg     26th May 2017 In the diamond industry, the only place that really matters is the US, and the market is starting to look a little shaky. In a country where consumers buy almost half the world’s gems, Tiffany & Co. and Signet Jewelers this week reported disappointing sales. That’s a blow to expectations that... 

On-The-Air (26/05/2017) 

By: Martin Creamer     26th May 2017 CoM this week decided finally to shed its abhorrent apartheid past and rebrand itself with a totally new beginning and new name; The media won a victory this week by persuading the DTI to make public the beneficiaries of its incentives programmes and A third South African diamond operation is in... 

Lucapa secures A$19m to pay for Lesotho mine, advance Phase 1 development

By: Esmarie Swanepoel     26th May 2017 Diamond miner Lucapa Diamond Company has secured A$19-million in capital to fund the acquisition and development of the Mothae kimberlite diamond project, in Lesotho. The ASX-listed miner said on Friday that the funding package included a A$9.2-million underwriting agreement with Westar Capital... 

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in mineral processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre director and emeritus professor Tim Napier-Munn, noting that, with innovation being... 

Tsodilo gains Orapa kimberlite field exploration permit

By: Henry Lazenby     26th May 2017 Diamond explorer Tsodilo Resources has been granted an exploration permit in Botswana to look for diamond-bearing kimberlites in the prolific Orapa kimberlite field (OKF). The TSX-V-listed diamond and metals exploration company has gained access to one of the most significant diamond producing... 

Botswana agency to support installed base, new projects

By: Simone Liedtke     26th May 2017 Key mining, materials handling and minerals processing equipment supplier Takraf Africa – part of the global Tenova Takraf group – has appointed engineering service agency Etuba Engineeringits agent in Botswana. Takraf Africa engineered technologies GM Richard Späth tells Mining Weekly that the... 

Botswana continues to value exploration activity, mining

By: Simone Liedtke     26th May 2017 Exploration for minerals in diamond-dependent Botswana continues despite the tough economic conditions its mining industry faces, which has impacted negatively on the country’s economic health, says mining and exploration organisation Botswana Chamber of Mines CEO Charles Siwawa. These minerals,... 

Council for Geoscience launches near-shore mapping programme

By: Ilan Solomons     26th May 2017 Mineral resources are important to the economy and capacity building of South Africa and are being extensively exploited on land and there will likely be a shift towards the offshore environment, where exploration is currently focussed on diamonds and titanium sand, says Council for Geoscience... 

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in minerals processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre (JKMRC) director and emeritus professor Tim Napier-Munn, noting that, with... 

Diamond recovery projects scheduled for Q3 completion

     26th May 2017 Canadian diamond producer Lucara Diamond’s capital expenditure for 2017 is forecast at between $33-million and $35-million, and will largely fund the completion of its mega diamond recovery (MDR) and X-ray transmission (XRT) projects at the Karowe mine, in Botswana. 

Geologists, mineralogists exploring new Botswana licences

By: Simone Liedtke     26th May 2017 A second fieldwork programme at the six new prospecting licences (PLs) in Botswana awarded to the Sunland Minerals joint venture (JV), including initial sampling and geophysics, is planned for September 2017.  

Govt continues to encourage investment beyond diamonds

By: Simone Liedtke     26th May 2017 Botswana's mining industry will see steady value growth as government continues its efforts to diversify away from the diamond sector, encouraging foreign investment, particularly in coal projects, says industry analyst BMI Research, a Fitch Group company. 

Junior miners well placed to exploit better-performing commodities

By: Dylan Slater     26th May 2017 After a downturn of several years in the mining and mineral resources sector globally, “green shoots” are appearing off the back of a recovery in commodity prices that began in 2016, with a corresponding improvement in investor sentiment, according to Botswana-based coal and energy development... 

Forevermark celebrates diamond inscription milestone

By: Megan van Wyngaardt     25th May 2017 The De Beers’ Forevermark diamond brand has inscribed its two-millionth diamond – a 3.48 ct round brilliant, bearing ‘2,000,000’. The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. It will be set in a piece of jewellery at the... 

Firestone to shed Botswana assets in $5.1m deal

By: Natasha Odendaal     24th May 2017 Aim-listed Firestone Diamonds has entered into a conditional option agreement to potentially sell its Botswana assets to Gareth Penny- and Diacore Diamond-led special purpose vehicle Amulet Diamond for $5.1-million in cash. The option, effective from June 1 for up to 14 months, included... 

CML welcomes Rockwell Diamonds’ business rescue process

By: Megan van Wyngaardt     23rd May 2017 C-Rock Mining Limited (CML), the company that brought a provisional liquidation application against three subsidiaries of Rockwell Diamonds, has welcomed the court’s decision to place the subsidiaries under business rescue. CML had previously applied to have the three subsidiaries – Rockwell... 

Gem Diamonds recovers 98 ct diamond at Letšeng

By: Megan van Wyngaardt     23rd May 2017 LSE-listed Gem Diamonds on Tuesday reported recovering a 98.42 ct high-quality D-colour Type II diamond at its 70%-owned Letšeng mine, in Lesotho. CEO Clifford Elphick commented that it had recovered 25 479 ct of diamonds at Letšeng at a grade of 1.53 carats per hundred tonnes (cpht), against an... 

Anglo said to have bids in for New Largo from Seriti

By: Bloomberg     22nd May 2017 Anglo American has received bids for its New Largo project, in South Africa, as the company continues efforts to exit operations in the country that supply coal to local power plants, according to two people familiar with the process. Seriti Resources, which agreed last month to buy thermal coal... 

Rockwell succeeds in having subsidiaries placed in business rescue

By: Megan van Wyngaardt     22nd May 2017 An application to have Rockwell Diamonds’ three subsidiaries placed under business rescue, as opposed to liquidation, has been granted by a court in Kimberley. C-Rock Mining (CML) had previously applied to have the three subsidiaries – Rockwell Resources, HC van Wyk Diamonds and Saxendrift Mine –... 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

On-The-Air (19/05/2017) 

By: Martin Creamer     19th May 2017 Zimbabwe’s Ministry of Mines has fallen in love with South Africa’s new platinum technology, which it is adopting, lock, stock and barrel; The Royal Mint this week announced the production of its first platinum products; and Financial problems have forced a second South African diamond mine to be... 

Kimberley Ekapa mine accused of operating without proper permits

By: David Oliveira     19th May 2017 Informal miners, or zama-zama, in Kimberley in the Northern Cape, marched to the provincial Hawks office earlier this month to lay a complaint that a case against independent diamond miner Petra Diamonds has not been investigated by  law enforcement agencies. According to Mining Affected... 

Diamcor’s latest diamond tender generates $702 635

By: Megan van Wyngaardt     18th May 2017 TSX-V-listed Diamcor Mining’s second rough diamonds tender and sale from its Krone-Endora at Venetia mine, in the Northern Cape, has generated $702 635 in gross proceeds from the sale of 3 265 ct ranging in the 1 mm to -45 mm size fractions. This represents an average price of $215.20/ct. 

De Beers to hold auctions for polished diamonds

By: Megan van Wyngaardt     18th May 2017 De Beers’ Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time, it said on Thursday. The sale will comprise a range of polished diamonds manufactured directly from De Beers’ rough diamonds. 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

De Beers' sales reach $520m as industry enters ‘quieter season’

By: Megan van Wyngaardt     16th May 2017 Diamond miner De Beers’ fourth cycle of rough diamond sales for this year has generated $520-million. This was slightly lower than the $586-million achieved in the third sales cycle. 

Lucapa sells more diamonds from Lulo

By: Esmarie Swanepoel     16th May 2017 Diamond miner Lucapa Diamond Company has garnered a further $1.3-million in revenues from the sale of its fourth parcel of diamonds for 2017. The miner recently sold 1 878 ct of diamonds from the Lulo mine, in Angola, at an average price of $695/ct. The latest sale brought gross proceeds from... 

Lucara’s high-grade Karowe continues to impress with latest exceptional stone tender

By: Henry Lazenby     12th May 2017 Vancouver-based diamond producer Lucara Diamond Corp has completed the first exceptional stone tender for 2017, raking in revenues of some $54.8-million on the sale of 1 765.72 ct of precious gems larger than 10.8 ct. The TSX- and Botswana-listed miner’s eleveth exceptional stone tender since... 

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