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Gem Diamonds recovers two large diamonds at Letšeng

By: Anine Kilian     8th January 2018 LSE-listed Gem Diamonds has recovered two large high-quality D-colour, type IIa diamonds from its 70%-owned Letšeng mine in Lesotho. The recovered diamonds include a 117 ct and a 110 ct diamond. 

Lucapa recovers another 100-ct-plus diamond at Angola mine

By: Creamer Media Reporter      8th January 2018 The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a... 

Mountain Province prices plunge on finer rough diamonds sold

By: Henry Lazenby     6th January 2018 The value per carat realised at the tenth tender sale of diamonds produced at Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, has fallen to the lowest level since sales started 12 months ago. The TSX- and Nasdaq-listed company recorded sale proceeds of... 

Connemara reports positive results from drilling programme

By: Megan van Wyngaardt     21st December 2017 Aim-listed Connemara on Thursday reported that slightly less than 300 mhave been drilled on three holes, with sampling and mapping having been completed elsewhere, across its 100%-owned Mine River gold project area, in Wicklow and Wexford, northern Ireland. The company now expected drill and... 

Firestone extends sales agreement of BK11 asset

By: Megan van Wyngaardt     20th December 2017 Lesotho-focused Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation to purchase the Aim-listed company BK11 asset until December, 31, 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. 

Stellar narrows loss as Tongo-Tonguma project construction continues

By: Henry Lazenby     20th December 2017 Aim-listed Stellar Diamonds has narrowed its full-year loss while continuing to make progress on developing its Tongo diamond project, in Sierra Leone. For the financial year ended June 30, the company reported a pretax loss of $2.3-million, compared with $7.1-million a year earlier. 

Zimnisky Diamond Price Index rises as demand improves

By: Henry Lazenby     20th December 2017 The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post. The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess... 

Eighth high-value Angolan diamond discovered

     15th December 2017 Australian diamond mining and exploration company Lucapa Diamonds’ Lulo mine, in Angola, delivered pleasing diamond recoveries in November, on the back of the eighth discovery larger than 100 ct at the mine, reinforcing a strong performance from its operations in October, states MD Stephen... 

Initial mining programme expected to start next year

     15th December 2017 Marine and land-based mining company Diamond Fields International has reaffirmed its commitment to its Namibian operations, announcing at the start of November an initial mining programme for its ML111 licence in offshore Namibia in 2018.  The initial mining programme for the licence area will... 

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

Lesotho mine delivers another high-value diamond

     15th December 2017 Global diamond producer Gem Diamonds’ Letšeng diamond mine in Lesotho yielded a high-quality 202 ct Type IIa-D colour, the seventh diamond over 100 ct to be recovered this year. The announcement marks the seventh diamond of over 100 ct to be recovered in 2017 from Letšeng. The mine, it is... 

Underground mine plans for Karowe moving forward

     15th December 2017 The results of a preliminary economic assessment (PEA) announced by diamond miner Lucara Diamonds in November demonstrate the potential economic viability for the development of an underground mine at Karowe, in Botswana. The development of the underground mine is planned after the completion of... 

Kimberley tailings still yielding diamonds

     15th December 2017 Historical diamond tailings left across Kimberley, in the Northern Cape, by diversified miner De Beers Consolidated Mines continue to hold significant potential for diamond extraction, owing to technological advances made in ore treatment.  

BME’s West African footprint expands as it clinches Mali blasting service contract

By: Mia Breytenbach     15th December 2017 West Africa remains an exciting region for South Africa-based explosives and blasting leader BME, which has won a full blasting service contract for a new opencast gold mining operation that is set to become the largest producer in Mali. From 2006 to 2015, 18 mines were opened in the region,... 

Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform

By: Mia Breytenbach     15th December 2017 The World Diamond Council (WDC) has called for an open discussion about the Kimberley Process (KP) reform, highlighting three key areas in need of reform to ensure its continued success. These include broadening the scope of the KP as the debate on the expansion of the definition of conflict... 

Programme to position Ghanaian firms to gain greater share of mineral sector procurement 

By: Tracy Hancock     15th December 2017 Marking a significant point in Ghana’s quest to domesticate the provisions in the Africa Mining Vision (AMV) into its own Country Mining Vision (CMV), the Ghanaian government officially launched its National Suppliers Development Programme (NSDP) in 2 November 2017. The NSDP builds and expands on... 

Water recovery issue keeps Diamcor’s Krone-Endora at Venetia project from full potential

By: Henry Lazenby     14th December 2017 Inadequate recoveries of water from project developer Diamcor Mining’s Krone-Endora at Venetia project's settling dams continues to hinder the project from reaching design capacity, resulting in lower output, the company announced on Wednesday. The Kelowna, British Columbia-based company advised... 

Gem in talks with new potential Ghaghoo buyers

By: Mia Breytenbach     12th December 2017 Aim-listed Gem Diamonds is in discussions with other parties who are interested in acquiring the Ghaghoo mine, in Botswana, after an offer from an undisclosed party to buy the mine was withdrawn. Gem on Tuesday informed shareholders that although the undisclosed party had made an offer in August... 

De Beers notes continued good demand for rough diamonds

By: Creamer Media Reporter      12th December 2017 Continued stable demand for diamonds resulted in De Beers generating $450-million in its tenth sales cycle of the year. This compares with the $466-million generated in the ninth sales cycle of this year and the $422-million earned in the tenth sales cycle of 2016. 

Tsodilo acquires sorter for final recovery at BK16

By: Natasha Odendaal     11th December 2017 TSX-V-listed Tsodilo Resources has finalised the final recovery circuit of the dense medium separation (DMS) plant at its BK16 kimberlite project, in Botswana, with the purchase of a Polus-M sorter from Russian X-ray sorter manufacturer Bourevestnik. The new sorter for the final recovery plant... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

India Trade Ministry is said to seek lower tax on diamond miners

By: Bloomberg     7th December 2017 India’s Trade Ministry is seeking a cut in taxes for overseas diamond miners to boost trading in the world’s largest hub for polishing the gems, people with knowledge of the matter said. The Commerce Department in a letter to the Finance Ministry has sought to scrap levies and instead... 

World Diamond Council encourages open dialogue, reform

By: Mia Breytenbach     7th December 2017 The World Diamond Council has called for an open discussion about the Kimberley Process (KP) reform at the upcoming KP plenary, which will take place in Brisbane from December 9 to 14. As the voice of the diamond industry, the WDC is calling for all KP participants to join together in a... 

Mike Brown steps in as Gem Diamonds nonexecutive director

By: Dylan Slater     7th December 2017 Diamond producer Gem Diamonds is set to receive fresh blood as decade-sitting Gavin Beevers will not stand for re-election in 2018 as a nonexecutive director 

BlueRock surpasses monthly production target in Nov

By: Anine Kilian     5th December 2017 Aim-listed BlueRock Diamonds’ Kareevlei mine, in South Africa’s Northern Cape, surpassed its monthly target production of 25 000 t in November. Production increased by 56% month-on-month to 25 146 t. 

Mountain Province prices $330m senior second-lien notes to settle construction debt

By: Henry Lazenby     2nd December 2017 Diamond producer Mountain Province Diamonds has launched a $330-million debt financing to settle its Gahcho Kué project construction loan facility and to repay previously sunk expenses by the mine’s majority owner and operator De Beers Canada. The Toronto-headquartered company is offering senior... 

Firestone revises mine plan amid lower diamond values

By: Natasha Odendaal     1st December 2017 Aim-listed Firestone Diamonds has made a good start to mining at the Liqhobong mine, in Lesotho, with all operational targets within management's control having either been met or exceeded after the mine development project was completed within budget. However, lower-than-expected average diamond... 

Russia's 51-ct diamond named for Romanovs fails to sell

By: Bloomberg     1st December 2017 The most expensive diamond ever polished in Russia, named Dynasty after the Romanov-era Imperial Court, failed to sell in an auction. Alrosa said it didn’t receive a high enough offer for the 51.4-carat gem in a November 29 online auction. The stone has the best so-called triple excellence... 

Karowe to produce up to 290 000 ct in 2018

By: Anine Kilian     30th November 2017 Canadian diamond junior Lucara Diamond’s Karowe mine, in Botswana, is expected to process between 2.4-million and 2.7-million tonnes of ore and produce between 270 000 ct and 290 000 ct of diamonds in 2018.  In an update to shareholders on Thursday, the diamond miner noted that the performance of... 

Gem smuggling thwarts revival of Central African Republic

By: Bloomberg     29th November 2017 In the lounge of a luxury hotel in Bangui, the capital of war-torn Central African Republic, soft-spoken diamond dealers cautiously sidle up to guests. Their whispered offers of gems for sale are a visitor’s first hint of the thriving illegal market for the precious stones in a country that five... 

Gahcho Kué hits 5m carats in less than ten months

By: Henry Lazenby     29th November 2017 The 51%/49% De Beers and Mountain Province Diamonds-owned Gahchu Kué mine produced more than five-million carats of diamonds in the first ten months of 2017. Located in the remote Northwestern Territories of Canada, the mine declared commercial production in March, and is expected to produce an... 

Stellar receives tax clearance for Guinea asset sale

By: Creamer Media Reporter      28th November 2017 Aim-listed Stellar Diamonds has received the required tax clearance certificates, after completing all the necessary Guinean governmental tax payments, for the sale of its Guinea companies and assets to BDG Capital. BDG is completing its review of these documents after which it is expected that... 

De Beers’ Voorspoed diamond mine on market

By: Martin Creamer     27th November 2017 The decision of diamond giant De Beers to place its Voorspoed diamond mine on the market opens the way for a lower-cost operator to buy the mine and potentially extend its life, the company said on Monday, when it invited expressions of interest from prospective buyers and appointed Standard Bank... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Gem unearths 202 ct diamond

By: Megan van Wyngaardt     23rd November 2017 LSE-listed Gem Diamonds has recovered a high-quality 202 ct, D-colour Type IIa diamond from its Letšeng mine, in Lesotho. This is the seventh diamond of over 100 ct to be recovered from Letšeng this year. Letšeng is believed to be the highest dollar per carat kimberlite diamond mine in the world. 

Mountain Province records higher revenues from 9th diamond tender

By: Henry Lazenby     23rd November 2017 The seventh sale of diamonds produced from Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, saw the average price of rough stones strengthen, despite a cautious market. The Toronto-headquartered company, which has a 49% stake in the Gahcho Kué mine, in... 

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