http://www.miningweekly.com
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
 

Topic

Botswana Diamonds to buy BCL's stake in exploration project

By: Reuters     7th June 2018 Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday. BCL mine group, which has been under liquidation since 2016, is selling its 51% stake in Maibwe Diamonds for an undisclosed amount. 

World Diamond Council’s System of Warranties open for public review

By: Anine Kilian     7th June 2018 The World Diamond Council (WDC) System of Warranties (SoW) has entered a public review period following the completion of an industry review. The SoW review and reform process is part of the WDC’s strategic plan and is intended to help industry participants better implement and demonstrate their... 

Kimberley's illegal miners to get mining permits

By: African News Agency      7th June 2018 Hundreds of artisanal and illegal miners in Kimberley in the Northern Cape will on Thursday receive mining permits from the Department of Mineral Resources.  Deputy minister of mineral resources Godfrey Oliphant will hand over two mining permits to artisanal miners, also known as Zama Zamas, in... 

US, Japanese platinum jewellery demand to continue growing

By: Marleny Arnoldi     6th June 2018 With China’s strong economic growth in the first quarter of this year, jewellery demand in that country also increased, but platinum jewellery demand lagged behind other jewellery segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International... 

Gold market could put supply on blockchain as soon as next year

By: Bloomberg     6th June 2018 The gold market could start using the technology behind cryptocurrencies to track an almost-$200 billion supply chain as soon as next year. The London Bullion Market Association (LBMA) last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote... 

Angola to change diamond sector to attract investment – Lourenço

By: Reuters     6th June 2018 Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium. Africa's second-largest crude producer is trying to open up and... 

Botswana Diamonds awarded Mooikloof prospect

By: Marleny Arnoldi     6th June 2018 Aim-listed Botswana Diamonds has been awarded a prospecting licence for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in Limpopo, South Africa.  

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

DPE probes Gupta-linked Alexkor for environmental law compliance

By: News24Wire      5th June 2018 The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation. This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA... 

BK16 diamond parcels delivered to Lucara lab for cleaning

By: Simone Liedtke     5th June 2018 TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning. The parcels comprise 101 diamonds weighing 18.57 ct and 130... 

Botswana central bank urges tax reform before diamonds dwindle

By: Bloomberg     4th June 2018 Botswana’s central bank has urged the government to overhaul the southern African nation’s tax regime and prepare the economy for declining contributions from diamonds. Botswana relies on the gemstones for almost a fifth of its gross domestic product and used the revenue generated from sales to... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

BlueRock raises £350 000 through placement

By: Anine Kilian     31st May 2018 Aim-listed BlueRock Diamonds has raised about £350 000 through the issue of 29.17-million ordinary shares at a price of 1.2p a share.     In addition to strengthening the balance sheet, the company will use the larger part of the proceeds to expedite the development of Pipe 1 at its Kareevlei... 

Botswana’s Karowe Mine – home to exceptional diamonds and the second largest diamond in history

30th May 2018 The Karowe Mine, located in northern Botswana, 22km south east of the Orapa Mine, which was discovered three years earlier in 1967 as the nation’s first diamond mine, is wholly owned by Lucara Diamond Corporation and has a remarkable success story in its first five years of production. Between... 

De Beers launches lab-grown diamond company Lightbox Jewellery in US

By: Marleny Arnoldi     29th May 2018 Diamond miner De Beers has launched a new company called Lightbox Jewellery that will begin marketing a new brand of laboratory-grown diamond jewellery designs at lower prices than existing lab-grown diamond offerings.  

Ontario Chamber of Commerce roundtable calls for provincial resources strategy

By: Henry Lazenby     28th May 2018 A roundtable comprising representatives from diverse sectors of society has resolved to call for clearer legislative direction regarding Ontario’s wealth of resources, the Ontario Chamber of Commerce announced on Monday. Held in Timmins, Ontario, the roundtable heard from representatives... 

Auctioneer confirms interest in Botswana diamond mine auction

By: Marleny Arnoldi     28th May 2018 Auctioneer GoIndustry DoveBid South Africa will be facilitating the sale of the Lerala diamond mine, in the Palapye region of Botswana, through an online auction, with final bids to close on Wednesday. 

D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin

By: Henry Lazenby     25th May 2018 The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that, in turn, could drive future demand for natural diamonds, the creator of a new diamond-backed crypto coin said on Friday. Singapore-based D1 Mint, the creator of the diamond-backed D1 Coin,... 

Sierra Leone president to push review of mining law, contracts 

By: Reuters     25th May 2018 Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating... 

Russian diamond producer Alrosa says H1 sales to exceed initial expectations

By: Reuters     25th May 2018 Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength. Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov... 

Diamond evaluation sampling progressing at Botswana BK16 project

By: Melissa Zisengwe     25th May 2018 Some 101 diamonds (18.57 cts), the largest of which was 1.38 ct, were recovered last month from the treatment of the first evaluation samples taken the BK16 kimberlite pipe, which forms part of the Orapa kimberlite field (OKF) in Botswana. Diamond explorer Tsodilo Resources sampling programme... 

Botswana mining conference yielding opportunities

By: Melissa Zisengwe     25th May 2018 Mining and engineering company Pan African Minerals says it attended the 2018 Mining Investment Botswana Conference, which was held in Gaborone from April 10 to 11, to create partnerships, networks and take advantage of the business matching prospects. The company’s attendance has already yielded... 

Lucara Diamond on track with diamond production

By: Melissa Zisengwe     25th May 2018 Lucara Diamond Corp. is pleased with the progress and developments it has made during the year to date, with the company doing significant work in Botswana and remaining consistent in quality-diamond production. “We are on track to produce the 2018 production estimate, which is 270 000 ct to 290... 

Body calls for steering committee to ‘delve into’ alluvial diamond sector’s 15-year decline

By: Natasha Odendaal     25th May 2018 The only way to solve the rapid downward spiral of South Africa’s distressed alluvial diamond industry is to convene all stakeholders to brainstorm collaborative solutions to the challenges. The South African Diamond Producers Organisation (Sadpo), raising a red flag over the struggles of small... 

Signet joins De Beers' Tracr blockchain platform pilot

By: Anine Kilian     24th May 2018 Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. 

Petra’s shares fall on $178m proposed rights issue

By: Simone Liedtke     24th May 2018 Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... 

Optimistic diamond price outlook could underpin a return to profit, dividends – Zimnisky

By: Henry Lazenby     24th May 2018 Absent any significant global economic disturbances disrupting consumer diamond demand, incremental year-on-year diamond production declines are forecast to drive real diamond prices up by about 10% cumulatively from 2018 through 2021, or 17% in nominal terms, a new report by independent analyst... 

Forevermark appeals to Millennials with new flagship store in China

By: Marleny Arnoldi     23rd May 2018 De Beers Groups’ Forevermark brand has launched Libert’aime by Forevermark – a new flagship store in Shanghai, China.  

Alrosa reopens office in world’s largest diamond jewellery market

By: Creamer Media Reporter      22nd May 2018 Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York. The New York office was first opened in 2006, but has not operated since 2016. 

De Beers’ rough diamond sales increase to $550m in fourth sales cycle

By: Anine Kilian     22nd May 2018 Diamond producer De Beers reported an increase in rough diamond sales to $550-million for the fourth sales cycle of this year. This is compared with rough diamond sales of $522-million in the fourth cycle of 2017 and sales of $524-million in the third cycle this year. 

Gem recovers 115 ct diamond from Letšeng

By: Anine Kilian     22nd May 2018 LSE-listed Gem Diamonds has recovered a 115 ct, top white colour Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.  This is the ninth diamond of over 100 ct recovered at the mine this year, already exceeding the total number of... 

Young, bridal jewellery consumers to drive platinum demand

By: Nadine James     18th May 2018 Young, bridal and self-purchasing jewellery consumers are emerging to contribute to platinum demand growth this year, the Platinum Guild International (PGI) reports. In its ‘2017 Platinum Jewellery Business Review’, the PGI found strong consumer retail sales growth in the US, Japan and India for... 

Lucapa's Lulo delivers up more diamonds for sale

By: Esmarie Iannucci     18th May 2018 Diamond miner Lucapa Diamond Company has generated a further A$4-million in sales from a parcel of 1 632 ct of diamonds from its Lulo project, in Angola. The miner said on Friday that the parcel did not include the gem quality 46 ct pink diamond or other large special diamonds recently recovered... 

Diamond-tracking blockchain platform to be launched this year

By: Natasha Odendaal     18th May 2018 Following the successful digital tracking of 100 high-value diamonds from mine to retail in a pilot of Tracr, the first blockchain platform to span the entire diamond value chain is now set for official launch later this year. De Beers is collaborating with BCG Digital Ventures to build the... 

Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

By: Reuters     17th May 2018 Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned... 

Diamond jewellery demand at all-time high – De Beers

By: Simone Liedtke     17th May 2018 Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday. The US was the main driver of growth for the fourth consecutive year, where positive... 

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

By: Reuters     17th May 2018 Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the President's office said. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair... 

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.... 

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close