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De Beers to launch pilot programme to aid artisanal, small-scale miners

By: Marleny Arnoldi     19th April 2018 Diamond miner De Beers is preparing to pilot a programme, called GemFair, to support the formalisation of artisanal and small-scale (ASM) diamond mining and trading.  

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

By: News24Wire      17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

By: Henry Lazenby     17th April 2018 The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South kimberlite projects reported strong metrics. The PEA reported an after-tax net present value on a... 

Lucapa production increases in March quarter

By: Esmarie Swanepoel     16th April 2018 Diamond miner Lucapa has reported a 10% increase in production during the March quarter, with 4 507 carats recovered during the three months under review. Lucapa told shareholders that 58 special diamonds were recovered during the quarter under review, which was a 53% on the previous quarter.... 

Stornoway's lower Q1 output belies Renard's large diamond potential

By: Henry Lazenby     13th April 2018 Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for diamonds produced from its Renard mine, which is increasingly showing a tendency to produce large diamonds. A stronger diamond market in general and the sale... 

DMR welcomes mineral production increase

By: Simone Liedtke     13th April 2018 The Department of Mineral Resources (DMR) on Friday welcomed the year-on-year increase in mineral production in February, on the back of higher commodity prices.  Data released by Statistics South Africa on Thursday shows that mineral production increased by 3.1% year-on-year, with diamonds,... 

Services demand in Africa rising

By: Melissa Zisengwe     13th April 2018 Over the past two years, local mining engineering consultancy Ukwazi has registered a rise in demand of between 20% and 30% for its service offering across Africa. The demand can mostly be attributed to the openpit operations across South Africa and Africa, but also to openpit operations... 

Diamond producers conference calls for collaboration, cooperation between stakeholders

By: Nadine James     13th April 2018 Mining industry body South African Diamond Producers Organisation (Sadpo) hosted its second yearly Digger’s Conference at the All Seasons Resort in Christiana, in North West province, last month. The organisation chose Christiana because it is centrally located between the two provinces where the... 

Tsodilo recovers 101 diamonds during independent diamond classifier

By: Simone Liedtke     12th April 2018 TSX-listed Tsodilo Resources has recovered 101 diamonds, representing 18.57 ct, from samples by an independent and experienced diamond classifier at its BK16 kimberlite project, in the Orapa Kimberlite Field (OKF), in Botswana. The diamondiferous BK16 kimberlite pipe is approximately 6 ha in size... 

Lucara recovers 472 ct diamond at Karowe

By: Anine Kilian     12th April 2018 TSX-listed Lucara Diamonds has recovered a 472 ct, top light brown gem diamond in Botswana. It is the third largest diamond recovered from the company’s 100%-owned Karowe diamond mine. 

South Africa mining production up 3.1% in February

By: Anine Kilian     12th April 2018 South Africa’s mining production increased by 3.1% year-on-year in February, bolstered by a strong contribution from diamonds and iron-ore, according to the latest figures published by Statistics South Africa (Stats SA) on Wednesday. The February production growth, which exceeded consensus... 

NWF to raise A$3m through share placement

By: Anine Kilian     12th April 2018 ASX-listed Newfield Resources (NWF), which plans to acquire the entire issued and to-be-issued share capital of Africa-focused Stellar Diamonds for £7.74-million, will raise A$3-million through the issue of 15-million new shares. The shares will be sold at A$0.20 a share. 

Impact, Consensas partner to develop solutions to ensure conflict-free mineral sourcing

By: Marleny Arnoldi     12th April 2018 Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain... 

Agarwal offers Anglo help in tapping India's 1.3bn people

By: Bloomberg     12th April 2018 Anglo American’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India. “That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.” 

Mugabe to be summoned over diamond mining probe

By: African News Agency      11th April 2018 Former Zimbabwe President Robert Mugabe is to be summoned by a committee of lawmakers in Zimbabwe to testify at a parliament probe into lost revenue from diamond mining. The lawmakers plan to question Mugabe over his 2016 claim that the country had lost $15-billion (12.13-billion euros) in income... 

Mountain Province, Kennady shareholders overwhelmingly vote in favour of merger

By: Henry Lazenby     10th April 2018 Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies. TSX- and Nasdaq-listed Mountain Province said that about 93% of the shareholders present in person or represented by proxy at the shareholder meeting on... 

Alrosa sells $559.5m worth of diamonds in March

By: Creamer Media Reporter      10th April 2018 Russian diamond miner Alrosa sold $559.5-million worth of rough and polished diamonds in March, an increase on February’s sales of $541.9-million, despite a slight seasonal cooling off in demand during the month. Deputy CEO Yury Okoemov said in a statement that auctions of diamonds larger than... 

Petra Diamonds secures new debt agreements with lenders

By: Reuters     10th April 2018 Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year. The London-listed miner started talks with its banks earlier this year after the confiscation of a consignment of... 

Senior govt officials, including Zim VP 'to appear before Parliament' about $15bn diamond scandal

By: News24Wire      10th April 2018 Several senior government officials have reportedly been summoned by Zimbabwe's parliamentary portfolio committee on mines and energy over the missing $15-billion diamond revenue. According to reports, former President Robert Mugabe, announced in 2015 that $15-billion of diamonds were spirited... 

BlueRock’s Q1 production in line with expectations

By: Marleny Arnoldi     9th April 2018 Aim-listed BlueRock Diamonds’ Kareevlei mine, in the Kimberley region of South Africa’s Northern Cape province, processed 38 781 t of ore in the quarter ended March 31, compared with the 9 310 t processed in the first quarter of 2017.  

Zimbabwe's biggest platinum miner says local listing won't work

By: Bloomberg     6th April 2018 Impala Platinum Holdings said Zimbabwe’s plan to compel mining companies to list the majority of their shares on the local exchange isn’t feasible and would impede operators’ ability to grow and invest in their assets. Lawmakers in the southern African nation are debating the measure as part of a... 

Digital tools deliver transparency, control to deep-level mining

6th April 2018 To deliver transparency and control to deep-level and other mining operations, global supplier of engineering and mining equipment Sandvik has developed the next generation of service offering from Optimine, OptiMine Analytics, which can  transform data into process improvements through... 

Angola seeks to further expand its diamond sector against a backdrop of rising output

By: Rebecca Campbell     6th April 2018 Angola’s diamond exports in January brought in the second highest price per carat ($136.24) for monthly sales since October 2016, the Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.  

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Masisi to lead Botswana as Khama steps down after decade

By: Bloomberg     2nd April 2018 Ian Khama, a former army general who’s led Botswana for the past decade, will step down on Sunday, leaving his deputy Mokgweetsi Masisi in charge of the world’s second-biggest diamond producer until next year’s elections. While Masisi, 55, will inherit one of Africa’s wealthiest and... 

Innovative mobile toilet solutions suit mining industry

By: Melissa Zisengwe     30th March 2018 Cape Town-based premier mobile ablutions and toilets supplier Absolute Ablutions is offering the mining industry an innovative range of toilets, providing the most effective and affordable sanitation for remote mining sites. A variety of high-quality toilet units, including basic non-flush,... 

Botswana's Debswana says expects further rise in diamond output

By: Reuters     27th March 2018 Botswana's Debswana Diamond Mining said on Tuesday production jumped 11% to a three-year high in 2017 and it expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods. Debswana, a joint venture between De Beers and the southern African country's... 

Firestone recovers 379 716 ct in H1

By: Schalk Burger     27th March 2018 JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds recovered 379 716 ct of diamonds from its Liqhobong mine, in Lesotho, in the six months to December 31. CEO Stuart Brown said in a statement on Tuesday that commercial production at the mine had started on July 1 and that the... 

Gahcho Kué flexes cash flow muscle

By: Henry Lazenby     27th March 2018 The Gahcho Kué diamond mine, in Canada’s Northwest Territories, has demonstrated strong cash flow generating capabilities over the operation’s first two commercially active financial quarters. Toronto-based miner Mountain Province Diamonds on Monday stressed that 2017 was a milestone year for the... 

Stornoway swings to FY loss

By: Henry Lazenby     26th March 2018 Diamond producer Stornoway Diamond Corp has swung to a net loss of $114.6-million for 2017, compared with net income of $19.6-million in 2016. Longueuil, Quebec-based Stornoway said its full-year results reflected a lower diamond price environment than originally forecast. 

On-The-Air (23/03/2018) 

By: Martin Creamer     23rd March 2018 Anglo American has embarked on a very ambitious job-creation programme. Advisory firm Deloitte this week launched Intelligent Mining to encourage digital transformation in South Africa’s biggest industry; South African business luminary Patrice Motsepe has expressed the firm belief that South... 

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 A multipronged approach involving both the mining industry and government is required to better deal with illegal mining in South Africa, where bloody skirmishes pitting rival gangs profiting from this illicit pursuit and the illegal mineworkers themselves are a frequent occurrence, with police... 

Bullion association punting responsible sourcing as a ‘must have’

By: Mia Breytenbach     23rd March 2018 The London Bullion Market Association, the world’s authority for precious metals, together with its 150 members based in more than 30 countries and encompassing every part of the journey in precious metals production, is adding value to the global industry by setting standards, developing market... 

HRB technology, advantages drilled out at SANCOT talk

By: Jessica Oosthuizen     23rd March 2018 JSE-listed raiseboring and drilling services provider Master Drilling featured its horizontal raiseboring (HRB) technology and its advantages for mechanised mining at the latest South African National Committee on Tunnelling (SANCOT) breakfast, held in Woodmead last month. Master Drilling... 

Concerted effort needed to combat South Africa’s illegal mining scourge

By: Dylan Slater     23rd March 2018 Illegal mining in South Africa requires a multi-pronged approach from both the mining industry and the government in an effort to better manage the situation. The violent gang-led tendencies of illegal mining in South Africa spills to the surface through inter-gang rivalry erupting in bloody... 

SPARKLING SHORELINE:

By: Martin Creamer     23rd March 2018 This diamond mining activity is located very close to the Atlantic shoreline on the Skeleton Coast of Namibia, which is diamondiferous. Diamonds can be found on the beach and diamond mining areas along Namibia's shoreline are thus off limits to the public. 

De Beers expands Forevermark brand in Europe

By: Mariaan Webb     22nd March 2018 Global diamond miner De Beers is expanding its Forevermark in key European countries, with the brand entering the German market and potentially also France and Italy. The Anglo American subsidiary is aiming to bolster the diamond brand’s visibility in key European countries, which attract a... 

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