R/€ = 16.42 Change: -0.01
R/$ = 13.88 Change: 0.10
Au 1289.80 $/oz Change: -1.16
Pt 935.00 $/oz Change: -4.00


Kimberley Ekapa mine accused of operating without proper permits

By: David Oliveira     19th May 2017 Informal miners, or zama-zama, in Kimberley in the Northern Cape, marched to the provincial Hawks office earlier this month to lay a complaint that a case against independent diamond miner Petra Diamonds has not been investigated by  law enforcement agencies. According to Mining Affected... 

Diamcor’s latest diamond tender generates $702 635

By: Megan van Wyngaardt     18th May 2017 TSX-V-listed Diamcor Mining’s second rough diamonds tender and sale from its Krone-Endora at Venetia mine, in the Northern Cape, has generated $702 635 in gross proceeds from the sale of 3 265 ct ranging in the 1 mm to -45 mm size fractions. This represents an average price of $215.20/ct. 

De Beers to hold auctions for polished diamonds

By: Megan van Wyngaardt     18th May 2017 De Beers’ Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time, it said on Thursday. The sale will comprise a range of polished diamonds manufactured directly from De Beers’ rough diamonds. 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

De Beers' sales reach $520m as industry enters ‘quieter season’

By: Megan van Wyngaardt     16th May 2017 Diamond miner De Beers’ fourth cycle of rough diamond sales for this year has generated $520-million. This was slightly lower than the $586-million achieved in the third sales cycle. 

Lucapa sells more diamonds from Lulo

By: Esmarie Swanepoel     16th May 2017 Diamond miner Lucapa Diamond Company has garnered a further $1.3-million in revenues from the sale of its fourth parcel of diamonds for 2017. The miner recently sold 1 878 ct of diamonds from the Lulo mine, in Angola, at an average price of $695/ct. The latest sale brought gross proceeds from... 

Lucara’s high-grade Karowe continues to impress with latest exceptional stone tender

By: Henry Lazenby     12th May 2017 Vancouver-based diamond producer Lucara Diamond Corp has completed the first exceptional stone tender for 2017, raking in revenues of some $54.8-million on the sale of 1 765.72 ct of precious gems larger than 10.8 ct. The TSX- and Botswana-listed miner’s eleveth exceptional stone tender since... 

Dust-suppression specialist geared for growth in Africa

By: Simone Liedtke     12th May 2017 Environmental management company I-CAT Environmental Solutions continues to grow its market share in dust-suppression management and solutions, and intends to increase its market share in Africa this year. 

De Beers in push for carbon-neutral mining at its operations

By: Mia Breytenbach     12th May 2017 Diamond miner De Beers Group is leading a research project that aims to deliver carbon-neutral mining at some of its operations in as few as five years’ time. The company’s scientists, in close collaboration with a team of internationally renowned scientists, are investigating the potential to... 

For world's super-rich, a pink diamond is forever

By: Reuters     10th May 2017 For the world's super-rich, the investment of choice is increasingly a very rare naturally pink diamond, an asset class that this year has set records at auction. Tobias Kormind, MD of 77 Diamonds, which has a shop in London's Mayfair district and sells online, says the trend for coloured stones... 

Stornoway tracks ahead of plan – maiden quarterly report

By: Henry Lazenby     10th May 2017 Quebec’s sole diamond producer Stornoway Diamonds has issued its maiden first-quarter operating and financial results report, showing that mining rates, development progress in the underground mine, and carat production all continue to exceed plan. The Longueuil, Quebec-based company, which... 

Analyst sees global diamond output rising 11.5% in 2017

By: Henry Lazenby     9th May 2017 Global mined diamond output in 2017 is expected to increase 11.5% year-over-year to 142.3-million carats, worth some $15.6-billion, which itself is a 9.9% increase in forecast total value produced, evaluation by independent diamond analyst Paul Zimnisky has found. The top ten largest mines in the... 

World Diamond Council intersessional meeting guides industry

By: Megan van Wyngaardt     8th May 2017 An observers’ forum, held alongside the World Diamond Council and Kimberley Process (KP) intersessional meeting, saw its members, along with the African Diamond Producers Association, the Civil Society Coalition and the Diamond Development Initiative achieve consensus on proposals to strengthen... 

Junior mining set to benefit from resurgence in sector

     8th May 2017 After several years of a downturn in the mining and mineral resources sector, green shoots continue to appear off the back of a recovery in commodity prices which began in 2016, with a corresponding improvement in investor sentiment.   The general sentiment is that a recovery is underway in the... 

Creamer Media announces special offer on real economy research portal

     8th May 2017 Get unparalleled access to intelligence on industry and mining through Creamer Media’s Research Channel Africa. A subscription to the Research Channel Africa offers access to: 

Stellar secures two-month loan note extension

By: Natasha Odendaal     5th May 2017 London-listed Stellar Diamonds has secured a two-month extension to the longstop dates with the noteholders of its two outstanding convertible loan notes. “Stellar is undergoing a transformation from an explorer to a mine developer. I would like to thank the noteholders for their continued... 

Sharing specialist info drives mineral processing efficiency

By: Marleny Arnoldi     5th May 2017 Mineral processing specialist Multotec has refined its customer training workshops to bridge the gap between theoretical learning and practical experience, which it says is essential in the mining industry to improve the efficiency of processing plant performance.  

De Beers leads research project to deliver carbon-neutral mining at its operations 

By: Mia Breytenbach     4th May 2017 Diamond miner De Beers Group is leading a groundbreaking research project that aims to deliver carbon-neutral mining at some of its operations in as few as five years. The company’s scientists, in close collaboration with a team of internationally renowned scientists, are investigating the... 

Anglo American sells Drayton to unlisted Malabar Coal

By: Esmarie Swanepoel     4th May 2017 Diversified miner Anglo American has struck a sales agreement with unlisted Malabar Coal to divest of its 88.17% interest in the Drayton thermal coal and the much aligned Drayton South project, in New South Wales. “The agreement to sell the Drayton thermal coal mine marks further progress as we... 

Gem Diamonds recovers 80 ct diamond from Letšeng

By: Natasha Odendaal     4th May 2017 London-listed Gem Diamonds has recovered a high-quality 80 ct, D colour Type II diamond at its Letšeng mine, in Lesotho. This follows less than a month after the April 7 recovery of a 114 ct diamond from the mine. 

Banker turned Guinea Minister says money was loan, not bribe

By: Bloomberg     3rd May 2017 A Guinea-born former Wall Street banker denied betraying his homeland’s natural wealth for $8.5-million in bribes, telling a New York jury the money was a loan he took to address a "desperate situation" in his personal and business affairs. Mahmoud Thiam served as the West African nation’s mining... 

Diamond sale bodes well for Lucara's FY performance

By: Megan van Wyngaardt     3rd May 2017 Southern African diamond miner Lucara Diamond Corp will, on May 11, close its eleventh exceptional stone tender (EST), which includes 15 diamonds weighing a combined 1 765 ct. Six of the diamonds on offer weigh in excess of 100 ct. 

Stellar Diamonds to start FEED study at new project 

By: Megan van Wyngaardt     3rd May 2017 Stellar Diamonds has signed a front-end engineering and design (FEED) study contract for its Tongo-Tonguma kimberlite diamond project, in Sierra Leone. This follows the signing, last week, of a tribute mining agreement between it and Octea Mining in respect of the combined Tongo-Tonguma project. 

BlueRock to explore new kimberlite pipe

By: Megan van Wyngaardt     2nd May 2017 Diamond miner BlueRock Diamonds has entered into an agreement with Koedonza Olives to mine the 1.5 ha Jubilee kimberlite pipe, in the Windsorton area, 40 km north of Kimberley. To evaluate the commercial viability of Jubilee, the Aim-listed company will receive a bulk sample of up to 2 500 t... 

Rockwell loses bid to have liquidation hearings brought forward

By: Natasha Odendaal     2nd May 2017 Dual-listed alluvial diamond miner Rockwell Diamonds’ move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the “urgency” it sought to establish by bringing forward the hearing date for the interim liquidation order against three of... 

DiamondCorp to appoint administrators

By: Creamer Media Reporter      28th April 2017 Embattled South African diamond development company DiamondCorp has filed notice of its intention to appoint Stephen Cork and Jo Milner of Cork Gully as joint administrators, after the board determined that the company is no longer able to continue trading as a going concern. The company on... 

Stellar, Octea sign tribute mining agreement over Sierra Leone project

By: Anine Kilian     28th April 2017 Diamond development company Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining in respect of the combined Tongo-Tonguma kimberlite diamond project, in eastern Sierra Leone. “These agreements with Octea . . . will allow... 

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Rockwell files for business rescue

By: Mia Breytenbach     28th April 2017 Dual-listed alluvial diamond miner Rockwell Diamonds has filed for business rescue, which will ensure any liquidation order is automatically stayed. This follows after a judge in Kimberley on March 23 issued an interim liquidation order against subsidiaries Rockwell Resources RSA, HC van Wyk... 

Firestone plant upgrades yielding expected improvements as ramp-up accelerates

By: Schalk Burger     26th April 2017 Commissioning activities at Aim-listed Southern African diamond miner Firestone Diamonds’ Liqhobong mine, in Lesotho, are largely complete and final ramp-up of the Lesotho plant is progressing as planned. “The final commissioning phase has seen the mine achieve nameplate capacity on numerous... 

Anglo commits to innovative mining that’ll keep people out of harm’s way

By: Martin Creamer     25th April 2017 Keeping people out of harm’s way, extracting more precious ore and less waste rock, recycling all the required water and producing only dry tailings are among the innovative steps diversified mining company Anglo American is firmly committed to taking.  “The real future of mining lies in turning... 

Six new prospecting licences awarded to Botswana Diamonds

By: Martin Creamer     25th April 2017 London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana.   Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province... 

Creamer Media announces special offer for Real Economy Yearbook to be published in June

     25th April 2017 The next edition of Creamer Media’s Real Economy Yearbook will be published on 30 June 2017 and will provide a researched overview of the state of play in a number of industrial and mining sectors. As in previous years, the Real Economy Yearbook will include updates on key news developments in... 

Diamond production at Petra’s operations flat during rainy season

By: Megan van Wyngaardt     24th April 2017 LSE-listed Petra Diamonds’ production of 999 768 ct for the third quarter, ended March 31, was only marginally higher than the 995 905 ct it produced in the same quarter of 2016. However, run-of-mine (RoM) production for the quarter increased 18% to 760 916 ct, as RoM grades improved owing to the... 

Rockwell seeks move to TSX-V listing

By: Megan van Wyngaardt     21st April 2017 Embattled Rockwell Diamonds, which earlier this week filed for business rescue, on Friday said it would seek to move its listing from the TSX to the TSX-V, owing to its current market capitalisation. The company said its shares on the TSX and JSE would remain halted while there remains... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

New forum created to discuss exploration, mining, metals and minerals

By: Dylan Slater     21st April 2017 To continually develop, refine and extend the knowledge base regarding mining definitions and standards, vendor- and technology-neutral industry consortium The Open Group has established a forum in which exploration, mining, metals and minerals (EMMM) is discussed.  

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