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Gem lifts Q1 production, sales

By: Anine Kilian     26th April 2018 LSE-listed Gem Diamonds’ carat recoveries increased by 32% year-on-year to 33 526 ct for the three months ended March 31, compared with the 25 479 ct recovered in the first quarter of 2017. Carat recoveries also rose by 10% on the 30 560 ct recovered in the December 2017 quarter. 

Lucara recovers 327 ct diamond from Karowe

By: Anine Kilian     26th April 2018 Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana.  Eight diamonds greater than 100 ct have now been recovered at Karowe since the beginning of the year, including a 472 ct diamond. 

Newfield Resources’ acquisition of Stellar Diamonds clears all hurdles

By: Marleny Arnoldi     25th April 2018 With all conditions for the proposed acquisition by Australian diversified exploration company Newfield Resources of Aim-listed Stellar Diamonds, now met, the acquisition will become effective from April 26.  

Marange villagers disperse after diamond protest in Zimbabwe

By: African News Agency      25th April 2018 After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police. There were no major injuries reported. Police fired tear gas and threatening to... 

De Beers reports rise in Q1 output

By: Rebecca Campbell     24th April 2018 Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater... 

Petra’s value over volume production strategy paying off

By: Simone Liedtke     23rd April 2018 The make-up of production at diamond miner Petra Diamonds is transforming, with higher-value run-of-mine (RoM) production having represented about 82% of the company’s carat volume during the quarter ended March 31. This, the company said on Monday, was in line with the company’s focus on value... 

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

By: Reuters     20th April 2018 Zimbabwe's parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15-billion in diamond revenue, a legislator said on Friday. It will be Mugabe's first public appearance since last November when the army deposed him in a de facto... 

Trans Hex to dispose of Lower Orange River operations

By: Simone Liedtke     20th April 2018 JSE-listed diamond mining company Trans Hex’s subsidiary Trans Hex Operations (THO) has entered into an agreement to sell its Lower Orange River (LOR) operations – the Bloeddrif and Baken mines – to black women-owned LOR Diamonds for R72-million. The agreement includes the disposal of the... 

Diamond miner Alrosa’s first-quarter production slumps

By: Mariaan Webb     20th April 2018 Diamond miner Alrosa on Friday reported a 17% year-on-year decrease in its first-quarter production, as the shutdown of the Mir underground division weighed on its performance and lower-grade ores were processed from the Jubilee pipe. The miner produced 7.42-million carats in the quarter,... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

First phase of Lesotho diamond mine project poised for commercial production in second half of 2018

By: Mia Breytenbach     20th April 2018 Angola- and Lesotho-focused diamond miner Lucapa Diamond Company believes that once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines... 

Promise of Vision 2030 for mining new breath of fresh air

By: Martin Creamer     20th April 2018 The announcement by the Department of Mineral Resources (DMR) that it is engaged in the development of a Vision 2030 for mining is a positive step in the right direction after years of short-term pussyfooting by a department that had fallen behind those of competitive mining jurisdictions in... 

Alrosa opens Mumbai representative office

By: Creamer Media Reporter      19th April 2018 Russian diamond miner Alrosa has opened a representative office in Mumbai, India, on the territory of the Bharat Diamond Bourse. The office will not conduct any trading activity and will be concentrated on strengthening ties with Indian market, the company said on Thursday. 

Letšeng mining lease to be extended – Gem 

By: Anine Kilian     19th April 2018 The Lesotho government has announced its intention to renew JSE-listed Gem Diamonds’ Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter. 

Firestone sees high recoveries in first quarter

By: Anine Kilian     19th April 2018 Aim-listed Firestone Diamonds recovered 192 604 ct of diamonds from its Liqhobong mine, in Lesotho, in the three months to March 31. Recoveries were 6.6% higher than the previous quarter, resulting in a year-to-date total of 572 320 ct.  

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 Iannucci     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... 

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