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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... 

Zimbabwe signs $4.2bn platinum deal to transform mining sector

By: Reuters     22nd March 2018 Cyprus-based Karo Resources will invest $4.2-billion to develop a platinum mine producing 1.4-million ounces of platinum group metals annually by 2023, Zimbabwe Mines Minister Winston Chitando said on Thursday. Zimbabwe is again attracting investments into the mining sector after foreign investor... 

New Lucara management to focus on Karowe, digital sales platform

By: Schalk Burger     22nd March 2018 JOHANNESBURG (miningweekly.com) – TSX-listed diamond miner Lucara has announced that incoming Lucara CFO and corporate secretary Zara Boldt will join the management team as the company focuses on increasing the value of its core diamond mining business at Karowe, Botswana, and on supporting the... 

Rising synthetic diamond output lifts discount to natural stones

By: Henry Lazenby     22nd March 2018 An analysis from independent New York-based diamond analyst Paul Zimnisky has shown that prices for synthetic laboratory-created diamonds are falling at an accelerating pace. Lab-created diamonds have enjoyed a 71% year-on-year improvement of its discount to natural equivalents over the past 12... 

BlueRock raises £500 000 to expand mining activities

By: Marleny Arnoldi     20th March 2018 Aim-listed BlueRock Diamonds has raised about £500 000, before expenses, through the issue of 33.33-million shares of 1p each.  

Mountain Province, De Beers consider incorporating Kennady assets into Gahcho Kué JV

By: Simone Liedtke     19th March 2018 TSX-listed Mountain Province Diamonds has signed a nonbinding memorandum of understanding (MoU) with De Beers Canada, its partner in the Gahcho Kué mine, to potentially incorporate properties owned by Kennady Diamonds into the Gahcho Kué joint venture (JV). Mountain Province is acquiring Kennady,... 

Russian diamond company Alrosa posts 28% profit fall

By: Reuters     16th March 2018 Russian diamond producer Alrosa suffered a sharp fall in core profit last year, hit by lower prices for its gems. The world's largest producer of rough diamonds said that earnings before interest, taxation, depreciation and amortisation (Ebtida) fell 28% to 126.9-billion roubles, broadly meeting... 

In-country partnerships vital to traverse cross border challenges

By: Tracy Hancock     16th March 2018 There are several constraints that hinder the cross-border supply chain in Africa, but the most daunting are the logistical challenges, given the vast distances that need to be covered – primarily over very poor roads – and congested and inefficient border crossings, says facilities management... 

Gem recovers 169 ct diamond at Letšeng

By: Reuters     14th March 2018 LSE-listed Gem Diamonds has recovered a 169 ct to white colour Type IIa diamond at its Letšeng mine, in Lesotho. This is the seventh diamond larger than 100 ct recover at the mine so far this year. 

Anglo says cleaning up mining will earn it billions in profit

By: Bloomberg     14th March 2018 Mining is a dirty business, but Anglo American CEO Mark Cutifani says it doesn’t have to be. The miner of everything from copper to diamonds to iron ore is overhauling its sustainability targets, and predicts it can earn an extra $9-billion through 2030 by improving the way it mines and boosting... 

Tsodilo says DMS plant delivering results

By: Megan van Wyngaardt     13th March 2018 TSX-V-listed Tsodilo Resources has processed 724.7 t through the dense media separation (DMS) plant at its BK16 kimberlite project in Botswana, since commissioning the plant on January 18. This represented 141 samples out of a total of 243 or 6% of the tonnage. These 141 samples have generated 2... 

Botswana Diamonds starts drilling at Ontevreden kimberlite pipe

By: Simone Liedtke     13th March 2018 Aim-listed Botswana Diamonds has started drilling at the Ontevreden kimberlite pipe, which is part of the company’s Vutomi’s Joint Venture in South Africa and which contains significant quantities of G10 and G9 garnets. “We are pleased to announce the commencement of drilling at the Ontevreden... 

Gem sells 910 ct Lesotho Legend for $40m

By: Megan van Wyngaardt     13th March 2018 The “exceptional quality” 910 ct D-colour Type IIa diamond recovered from LSE-listed Gem Diamonds’ Letšeng mine, in Lesotho, in January, achieved a price of $40-million on tender in Antwerp, on Monday.  Reflecting its significance, the diamond, which is the fifth-largest gem-quality diamond ever... 

Stellar Diamonds agrees to acquisition by Australia’s NWF

By: Megan van Wyngaardt     12th March 2018 Australian exploration company Newfield Resources (NWF) and Africa-focused miner Stellar Diamonds have reached an agreement regarding NWF’s proposed acquisition of Stellar’s entire issued and to be issued share capital for £7.74-million. The ASX-listed company owns an advanced diamond project in... 

Shareholders to vote on Mountain Province, Kennady Diamonds merger on April 9

By: Marleny Arnoldi     9th March 2018 Shareholders of TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds and exploration group Kennady Diamonds will, on April 9, take a vote on whether to approve the merger of the companies.  

Alrosa ups February sales, reports on exploration developments

By: Creamer Media Reporter      7th March 2018 Russian diamond major Alrosa on Wednesday announced its latest diamond sales results and also reported on geological prospecting developments, including the reorganisation of its exploration unit. The company, which produces the world’s most diamonds in terms of volume, said that it had sold... 

Frontier discovers first diamonds at Northern Cape project

By: Mariaan Webb     7th March 2018 Junior miner Frontier Diamonds, which started trading on the ASX in January, has recovered the first diamonds from its Bellsbank kimberlite pipe exploration project, near its Sedibeng diamond mine in South Africa’s Northern Cape province. The diamonds were recovered from a sample that was treated... 

Gem Diamonds recovers 152 ct diamond at Letšeng

By: Marleny Arnoldi     7th March 2018 Global diamond producer Gem Diamonds has recovered a 152 ct, top white colour Type IIa diamond from its 70%-owned Letšeng mine, in Lesotho.  

thyssenkrupp committed to strengthening partnerships and driving industrialisation processes in Africa

5th March 2018 thyssenkrupp Industrial Solutions is proud of its time-honoured history as a leading partner of engineering, equipment, technology, plant and service solutions to mining, cement, chemical, fertilizer and oil & gas industries across the African continent.  In a bid to further strengthen its... 

Stellar trusting Newfield deal to provide Tongo-Tonguma funding

By: Megan van Wyngaardt     5th March 2018 Aim-listed Stellar Diamonds has, over the past six months, continued to focus on sourcing the necessary funding to bring its Tongo-Tonguma project, in eastern Sierra Leone, into production. "The capital markets in the UK have proven extremely difficult to raise funds for junior mining companies... 

Lucapa sells $1.7m diamond parcel from Lulo

By: Megan van Wyngaardt     5th March 2018 Angola-focused diamond miner Lucapa Diamond Company sold 2 072 ct of diamonds recovered from the Lulo mine, achieving gross proceeds of $1.7-million during its second sale for the year. This represented an average price per carat of $804. The ASX-listed miner said the largest diamond in the sale... 

Congo says will campaign to prevent child labour in cobalt mines

By: Reuters     2nd March 2018 The Democratic Republic of Congo will launch this month new monitoring and tracing mechanisms to tackle child labour in cobalt and copper production, a mines ministry official said on Thursday. Sourcing of the metals has come into focus as manufacturers scramble to secure supplies of cobalt, a... 

A proposal to the President – A six-point plan

2nd March 2018 South Africa’s minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting and new local and foreign investment, these resources will not be developed for... 

A proposal to the President - A six-point plan

2nd March 2018 South Africa's minerals and mining industry faces severe headwinds. The Republic of South Africa hosts a treasure trove of geology and minerals, valued at about $2.5-trillion. Without modern exploration, prospecting, and new local and foreign investment, these resources will not be developed for... 

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