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Pt 1013.00 $/oz Change: 14.93
 

Topic

De Beers is said to hire leak hunter to probe gem data breach

By: Bloomberg     14th September 2017 The world’s biggest diamond producer hired an external investigator to find the source of possible leaks of its most sensitive price data, according to people familiar with the matter. De Beers hired investigators from KPMG International in South Africa to find the source of the leaks, according... 

Botswana Diamonds plans additional drilling at South Africa project

By: Mia Breytenbach     12th September 2017 Aim-listed Botswana Diamonds’ shares on the LSE rose by nearly 20% on Tuesday as the company announced it would start large diameter drilling (LDD) at the Zebediela project, in Limpopo, in October. Zebediela forms part of the Vutomi Joint Venture project, at Frischgewaagt. 

Lucara completes diamond recovery capital projects

By: Creamer Media Reporter      12th September 2017 Lucara Diamond Corp has completed the Mega Diamond Recovery (MDR) and sub-middles XRT capital projects at its Karowe mine, in Botswana, ahead of schedule. The MDR circuit treats material in the size range between 50 mm and 120 mm and is located directly post the primary crusher and ahead of the... 

Petra halts Williamson operations after key personnel questioned over seized diamond consignment

By: Natasha Odendaal     11th September 2017 London-listed Petra Diamonds on Monday said it had temporarily idled the operations of its 75%-owned Williamson mine, in Tanzania, for “health and safety and security reasons”, as key personnel cooperate with authorities over a blocked diamond shipment. The company on Monday confirmed that a... 

Stellar to raise £330 000 to pay for Tonga, Tonguma enviro licences

By: Natasha Odendaal     11th September 2017 London-listed Stellar Diamonds has conditionally raised, through Peterhouse Corporate Finance, £330 000 through the issue of 10.15-million new ordinary shares at an issue price of 3.25p a share. The placing is expected to be completed by September 14, conditional on the receipt of the funds in... 

Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

Proxy advisers ISS, Glass Lewis support Washington Companies’ $1.2bn Dominion buy

By: Henry Lazenby     9th September 2017 TSX- and NYSE-listed Dominion Diamond Corp announced late on Thursday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have both recommended that Dominion shareholders vote in favour of suitor The Washington Companies’ $1.2-billion acquisition.... 

Tanzanian ministers implicated in diamond-mining probe quit

By: Bloomberg     8th September 2017 Two Tanzanian ministers resigned after President John Magufuli told government officials suspected of wrongdoing in an investigation into the nation’s diamond- and Tanzanite-mining industries to step down. Edwin Ngonyani, a deputy minister of works, transport and communication, said he resigned... 

Lucapa sells more diamonds, eyes second mine

By: Esmarie Swanepoel     8th September 2017 ASX-listed diamond miner Lucapa has reported gross proceeds of $7.4-million from its seventh sale of alluvial diamonds from the Lulo diamond project, in Angola. The company said that it had sold 3 214 ct in the last tender at an average of $2 298/ct. 

Myriad of opportunities in Zim’s mining sector

     8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Success at C-Cut, but earlier design input needed 

By: Marleny Arnoldi     8th September 2017 Wear solutions provider Rio-Carb completed a liner supply project for diamond miner Petra Diamonds’ Cullinan mine, near Pretoria, in Gauteng, in June.  

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

Alrosa records slight y-o-y increase in August diamond sales

By: Mariaan Webb     7th September 2017 Russian diamond major Alrosa on Thursday reported a 3.3% year-on-year increase in rough and polished diamond sales, in what is traditionally a low season for trading. The company sold $257.6-million worth of diamonds in August, comprising rough diamond sales of $255.7-million and polished diamond... 

Chamber of Mines launches Mining for Schools initiative

By: Anine Kilian     6th September 2017 The Chamber of Mines has launched its Mining for Schools initiative, an online platform to provide resources for teachers and learners to reinforce, enhance and extend learning about the South African mining industry. The first module of the website focusses on gold, as that is the current focus... 

Russia plans gem reform to compete with India's million workers

By: Bloomberg     6th September 2017 Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters so the industry can better compete in a market that’s dominated by Indian manufacturers. As part of a plan to boost the competitiveness of Russian diamonds, the government wants  Alrosa PJSC to offer... 

De Beers rough diamond sales drop in cycle 7

By: Natasha Odendaal     5th September 2017 Diamond giant De Beers’ seventh sales cycle for this year saw a decline in the value of rough diamonds sold after some of the demand was absorbed in cycle six owing to an early Diwali. De Beers recorded a provisional $505-million in diamond sales during the seventh cycle, compared with... 

Alrosa’s Ivanov appointed to Diamond Producers Association board

By: Creamer Media Reporter      4th September 2017 Russian mining giant Alrosa president Sergey Ivanov has been appointed to the board of the Diamond Producers Association (DPA). Founded in 2015, the DPA comprises seven leading diamond producers and aims to promote the industry through the implementation of marketing initiatives.  

Fatalities serve to remind industry of necessity to achieve zero harm – DMR

By: Ilan Solomons     1st September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

On-The-Air (01/09/2017) 

By: Martin Creamer     1st September 2017 Illegal mining is out of control; More money is being put into marketing to save the struggling platinum- and diamond-mining sectors; and a local mining company that has invested big in America is laughing all the way to the bank. 

Opportune time to invest in Botswana

By: Nica Schreuder     1st September 2017 The subdued global mining industry, owing to depressed commodity prices, has prompted Botswana to find alternative economic growth areas in other sectors of the country’s economy, simultaneously providing a prime investment opportunity, says Botswana Chamber of Mines (CoM) CEO Charles Siwawa.... 

Service impresses, leads to ongoing work at Balama

By: Nadine James     1st September 2017 Prefabricated buildings manufacturer Kwikspace Modular Buildings expects to complete a multimillion-rand project for Mozambique mining company Twigg Exploration & Mining by the end of next month. Kwikspace CEO Shaun McCormack notes that the company first started work on Twigg’s Balama graphite... 

South Africa Inc has rare opportunity to seize moment to save battered platinum patrimony

By: Martin Creamer     1st September 2017 South Africa, through diamond company De Beers, invested heavily in the marketing of diamonds. The slogan ‘A Diamond is Forever’, according to Advertising Age, it is the most recognised slogan of the 20th century, with 90% of all Americans knowing it, with De Beers having used it since 1948. But... 

De Beers marketing spend increase will boost global diamond sales – Blom

By: Creamer Media Reporter      30th August 2017 The global diamond and jewellery industries will benefit from De Beers and the Diamond Producers Association’s (DPA’s) increased marketing budgets, says World Federation of Diamond Bourses (WFDB) president Ernie Blom. Diamond miner De Beers on Tuesday reported that it would invest more than... 

Rio unveils red diamond from Argyle

By: Esmarie Swanepoel     30th August 2017 Mining major Rio Tinto has unveiled a 2.11 ct fancy red diamond in its latest tender of diamonds from the Argyle mine, in Australia. CEO Jean-Sebastian Jacques said this week that the market fundamentals for pink diamonds remained robust, adding that the combination of healthy demand and... 

De Beers pours cash in diamond ads with biggest spend since 2008

By: Bloomberg     29th August 2017 De Beers is planning to spend more money advertising diamonds than any time in the past decade to win back wealthy shoppers. The company, a unit of Anglo American Plc, boosted its marketing budget to $140-million this year, the most since 2008, according to a statement on Tuesday. Its three... 

World's first diamond futures exchange starts trading in India

By: Bloomberg     28th August 2017 The world’s first diamond futures exchange will begin trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. “Indian manufacturers most require this type of financial product,” said Sanjit Prasad, MD of the Indian... 

On-The-Air (25/08/2017) 

By: Martin Creamer     25th August 2017 South Africa Inc has a rare opportunity to seize the moment and save its battered platinum patrimony; A vibrant future is being planned for the three remaining South African gold mines of AngloGold Ashanti; and An Australian-based firm is showing South Africa how to develop black entrepreneurs in... 

Appointments follow acquisition of only US PGMs miner

     25th August 2017 Independent mining group Sibanye has appointed three executives following its acquisition of the only platinum group metals (PGMs) miner in the US, Stillwater Mining, in May, when its organisational structure subsequently repositioned from a divisional commodity structure to a geographical... 

Angola pushes mining production increases and diversification

By: Keith Campbell     25th August 2017 Angola’s State-owned diamond group Endiama is going to encourage the development of semi-industrial cooperatives in each and every province of the country, to explore for diamonds. This was stated by Endiama Board member and group Director of Geology Luís Quitamba, the Angolan news agency Angop... 

Botswana Diamonds unearths potential discovery through public library

By: Dylan Slater     24th August 2017 Three obscure kimberlites in the Free State, near the origin of the South African diamond rush of the 1800s, have piqued the interest of diamond exploration and project development company Botswana Diamonds. Kimberlites are formed when volcanoes become extinct, with the potential of diamonds... 

Kareevlei grades, tender prices improve

By: Creamer Media Reporter      24th August 2017 Aim-listed BlueRock Diamonds has sold a parcel of 400.06 ct of diamonds, at an average price of $330/ct, in an August tender. The company, which operates the Kareevlei diamond mine, near Kimberley, on Thursday noted that the diamonds produced and sold at the tender had resulted in a grade of 2.07... 

Huge opportunity to create more demand for platinum – PGI 

By: Martin Creamer     23rd August 2017 The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset. Of all the platinum demand levers, platinum in jewellery is the one that can... 

Rockwell files for delisting shares from TSX

By: Henry Lazenby     22nd August 2017 Careworn alluvial diamond producer Rockwell Diamonds has decided to delist from the TSX, and instead list on the NEX, a third-tier trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards. The move follows the company’s South African subsidiaries entering... 

Local mine to adopt new generation jumbo drill rig

By: Simone Liedtke     18th August 2017 Mining company Vedanta Resources’ Black Mountain base metals mine, in the Northern Cape, will later this year become the first local mine to adopt a new generation jumbo drill rig equipped with an intelligent control system from high-technology engineering group Sandvik. 

DRC mining code’s shortcomings limiting sector’s contribution to fiscus – senator

By: Ilan Solomons     18th August 2017 The mining industry and the production of copper and cobalt in particular is of vital importance to the economy of the Democratic Republic of Congo (DRC). However, political, social and legislative stability is critical to ensuring the growth and sustainability of the sector, says DRC Senator... 

Gem mulls Ghaghoo buyout offer; H1 revenues decrease

By: Creamer Media Reporter      17th August 2017 LSE-listed Gem Diamonds, which on Thursday reported lower revenue and earnings for the six months to June 30, is considering an offer from an undisclosed party that is interested in buying its Ghaghoo mine, in Botswana, which was placed on care and maintenance earlier this year. The company in... 

Lucapa recovers more large diamonds

By: Esmarie Swanepoel     17th August 2017 Diamond miner Lucapa Diamond Company has recovered more large diamonds from its Lulo project, in Angola, including 83 ct and 68 ct Type IIa gems. In addition, five other 50-plus carat stones were also recovered. 

Despite ongoing diamond breakage, Stornoway reports higher prices for its gems

By: Henry Lazenby     16th August 2017 Quebec-based miner Stornoway Diamond Corp has reported higher prices for rough diamonds produced at its flagship Renard mine, the Francophone province’s first diamond mine. For the three months ended June 30, Stornoway earned revenues of C$42.6-million, as rising rough diamond prices at Renard... 

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