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Completion of Mindola shaft expected in 2019

By: Nadine James     27th January 2017 The Mindola Deeps shaft sinking project in Kitwe, Zambia, should be completed by June 2018, marking the first time that a 2 000 m shaft will be raise drilled, says mining contractor Redpath Mining. The project, which is owned by diversified mining and marketing company Glencore’s Zambian copper... 

S Africa must focus on fostering foreign investment

By: Robyn Wilkinson     27th January 2017 The South African government needs to concentrate on creating a more inviting investment environment for foreign investors if it is to take advantage of future upturns in commodities prices and remain competitive in the global market, says specialist financial adviser Craton Capital cofounder... 

UK scientists develop ‘power generating’ diamond

By: Ilan Solomons     27th January 2017 New technology has been developed that uses nuclear waste to generate electricity in a nuclear-powered battery. A team of physicists and chemists from the University of Bristol have grown a man-made diamond that, when placed in a radioactive field, is able to generate a small electrical current.... 

Firestone Diamonds gears up for first sale as Liqhobong ramps up

By: Megan van Wyngaardt     26th January 2017 Aim-listed Firestone Diamonds has scheduled its first diamond sale, in Antwerp, from February 6 to 10, as its Liqhobong mine, in Lesotho, ramps up to full output. In the three months ended December 31, the company recovered over 20 special stones larger than 10.8 ct from the mine, including a 37... 

Richmont cherry-picks Stornoway CFO

By: Henry Lazenby     26th January 2017 Intermediate gold miner Richmont Mines has hired 20-year mining finance veteran Robert Chausse as CFO, cherry-picking him from Quebec diamond miner Stornoway Diamonds, which last year commissioned its Renard project. Chausse, a chartered accountant, previously held a similar role at AuRico Gold,... 

De Beers rakes in sparkling $720m in year’s first sales cycle

By: Martin Creamer     24th January 2017 Diversified mining company Anglo American on Tuesday announced $720-million as the value of rough diamond sales at De Beers’ first sales cycle of 2017, compared with $470-million and $494-million in the last two sales cycles of 2016, helped by a longer period between the final sight of 2016 and... 

‘Very tough’ mining year ahead as ‘lawfare’ breaks out – Nedbank

By: Martin Creamer     23rd January 2017 South African mining has a “very tough” year ahead, with "lawfare" breaking out. While existing large, powerful mining companies will persist, growth through new entrants and foreign investment is highly unlikely this year, resulting in escalating opportunity loss. 

Petra Diamonds on track to reach full-year production target

By: Megan van Wyngaardt     23rd January 2017 Production at FTSE 250 miner Petra Diamonds’ operations increased 24% to 2.01-million carats in the first half of the year, ended December 31, owing to a higher contribution from undiluted run-of-mine (RoM) ore leading to improved grades, and additional tailings production from its Kimberley... 

Ghaghoo Decline Tunneling Through Sand

     23rd January 2017 The Southern African Institute of Mining and Metallurgy (SAIMM) Johannesburg branch held its monthly technical presentation at Worley Parsons in Johannesburg last Thursday, 19th of January 2017. SAIMM Johannesburg branch chairperson John Arthur Luckmann formally introduced presentation speaker... 

Golden Saint encouraged by Baja, Tongo ‘inventory’ check

By: Natasha Odendaal     20th January 2017 Aim-listed Golden Saint Resources is now considering the work that is necessary to establish an inferred resource within its Baja and Tongo exploration licence areas, in Sierra Leone, following an encouraging inventory report back from its consultants. Alluvial specialist Rock Forage undertook a... 

Shift to coal under way in Botswana, but diamonds still dominate 

By: Natasha Odendaal     20th January 2017 Botswana’s ambitions to develop its coal mining sector and reduce its dependency on diamonds will face an uphill battle in the face of subdued coal prices and the overshadowing value of the diamond sector. The government-driven shift to coal production ramp-up in the next few years was expected... 

Specialist supplies 20 drives to Liqhobong mine

By: Kimberley Smuts     20th January 2017 Drive engineering specialist SEW-Eurodrive has successfully filled an order for the delivery of 20 drive systems and a gear motor from its X series range for the newly constructed Liqhobong diamond mine, in Lesotho. The drives and gear motor were installed for a conveyor application.... 

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement

By: Natasha Odendaal     19th January 2017 South Africa’s mining stakeholders need to “go back to the drawing board” and refocus efforts on bringing down the number of fatalities in the sector, trade union Solidarity's deputy general secretary for occupational health and safety and sustainable development Advocate Paul Mardon said, as a... 

De Beers pilots fixed-price contracts for auction sales 

By: Megan van Wyngaardt     19th January 2017 Diamond company De Beers will start piloting fixed-price forward contracts in its auction sales, providing customers the opportunity to guarantee access to future supply with certainty over the price to be paid when the contract reaches maturity. The first event to feature the fixed-price forward... 

Anglo shortlists bidders for some South African coal mines

By: Bloomberg     19th January 2017 Anglo American has shortlisted groups led by some of South Africa’s most prominent black businessmen as bidders for several of its South African coal mines as it focuses on diamonds, platinum and copper, two people familiar with the discussions said. Groups selected by Anglo include companies led... 

Diamcor to double near-term output as trial mining continues

By: Henry Lazenby     18th January 2017 Canada-based project developer Diamcor Mining expects to more than double diamond production at its Krone-Endora at Venetia project, in South Africa’s Limpopo province, and treat all material from 1 mm to 45 mm size fractions moving forward, after acquiring, installing and commissioning several... 

BlueRock set for February processing restart at Kareevlei

By: Natasha Odendaal     18th January 2017 Aim-listed BlueRock Diamonds expects to restart the processing of run-of-mine (RoM) material at its Kareevlei operations, in the Northern Cape, early in February, following a thorough overhaul of the main components of the processing plant. The upgrades, which will increase the capacity and... 

Diamond lobby said to seek ten-fold jump in budget to spur demand

By: Bloomberg     18th January 2017 The diamond industry is looking to up the ante on its effort to win over younger consumers more interested in gadgets and gastronomy. The Diamond Producers Association lobby will ask its backers including top miners De Beers and Alrosa PJSC to raise its budget to as much as $60-million a year... 

Rio ends quest for China mine riches with biggest shareholder

By: Bloomberg     18th January 2017 Rio Tinto Group and its largest shareholder Aluminum Corporation of China have terminated their joint venture (JV) established to find copper deposits, as global mining companies tighten exploration budgets. Chinalco Rio Tinto Exploration, a JV between Rio and Aluminum Corpporation, also known... 

Rockwell navigates difficult Q3 as litigation, suspensions take toll 

By: Henry Lazenby     17th January 2017 Canada-based alluvial miner Rockwell Diamonds has reported a C$5.5-million net loss for the third quarter ended November 30, owing to litigation and the suspension of mining operations in South Africa's Northern Cape. The TSX- and JSE-listed company on Monday said rough diamond revenues declined... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

India’s diamond exports to top buyer US seen rising on Trump

By: Bloomberg     13th January 2017 India’s diamond cutters, who polish 14 of every 15 of the world’s gems, are betting on Donald Trump to sustain the expansion of their biggest market in the US, even as Asian buying of luxury stones falters. India expects to export 10% to 15% more polished diamonds to the US in the year beginning... 

Financing solutions will be focus of diamond summit

By: Martin Creamer     12th January 2017 Finding real solutions to a wide range of financing problems will be the intense focus of the diamond industry's upcoming Presidents’ Meeting and Finance Seminar in Mumbai next month, where a financing task force is expected to be created. The biennial meeting of the World Federation of Diamond... 

New challenges abound in fundamentally changed diamond market

By: Henry Lazenby     11th January 2017 The future of the diamond industry hinges on the follow-through of structural changes that have been prompted by the challenges the industry faced, and the opportunities presented in a fundamentally changed diamond market, independent diamond analyst Paul Zimnisky says in a new blog post. He... 

‘New’ Rockwell sells noncore Saxendrift assets as CEO Willemse cracks whip

By: Henry Lazenby     23rd December 2016 Dual-listed precious gem producer Rockwell Diamonds has agreed to sell its noncore Saxendrift alluvial diamond assets in South Africa’s Middle Orange River region to private firm Nelesco 318 for C$4.3-million (R45-million). “This transaction represents a significant milestone in our... 

Tax change seen as good for diamonds

By: Martin Creamer     19th December 2016 World Federation of Diamond Bourses (WFDB) president Ernie Blom has praised Israel Diamond Exchange president Yoram Dvash and other industry heads in the country following the signing of what is seen as a tax breakthrough that will benefit the diamond business. The upshot of the new tax... 

Troubled Diamondcorp secures repayment standstill

By: Martin Creamer     19th December 2016 Troubled diamond mining company DiamondCorp is being given a repayment breather by South Africa’s State-owned Industrial Development Corporation (IDC). The JSE-listed company, headed by CEO Paul Loudon, said on Monday that the IDC had agreed a loan repayment standstill until the completion of the... 

Diamond tables are turned as market discipline, restocking support prices in 2016

By: Henry Lazenby     16th December 2016 The Zimnisky Global Rough Diamond Price Index is up 12.1% in 2016 through to mid-December, driven higher in the first-half of the year as firm market demand for rough returned as manufactures restocked following the 2015 holiday season. The brainchild of independent diamond analyst Paul Zimnisky,... 

Bulk of Cullinan C-Cut Phase 1 nears completion

By: Robyn Wilkinson     16th December 2016 Mining services company Murray & Roberts Cementation will complete its contract at diamond miner Petra Diamonds’ Gauteng-based Cullinan mine this month, concluding the largest portion of the R4-billion Phase 1 expansion project that will initially extend the diamond mine’s life span by about 15 year 

Difficult drilling proves rewarding at Koffiefontein

By: Robyn Wilkinson     16th December 2016 Diamond producer Petra Diamonds’ geological team has gained access to the kimberlite deposit between the 60 m level and 72 m level at its Koffiefontein project, in the Free State, owing to diamond drilling services provider Lesedi Drilling and Mining Contracting Company’s assistance in... 

Integration of IoT platforms in mining seen as way to enhance productivity

By: Ilan Solomons     16th December 2016 The adoption and implementation of exponential technologies will increase productivity and ensure greater efficiencies throughout the mining sector globally, asserts advisory firm Deloitte digital transformation in Africa head Gareth Rees. He points out that the mining sector has been developing... 

James Campbell

By: Martin Creamer     16th December 2016 This week we feature James Campbell, the new CEO of Botswana Diamonds, the diamond exploration company with active interests in separate joint ventures in Botswana 

Junior miner to complete facility expansions this year

By: Robyn Wilkinson     16th December 2016 All of the facility expansions under way at the Krone-Endora project, in Limpopo, are on track for completion by the end of the year, says Canadian junior mining company Diamcor Mining CEO Dean Taylor. 

JV plant to process Kimberley underground ore by H2 2017

By: Robyn Wilkinson     16th December 2016 Diamond miner Petra Diamonds expects all ore from its Kimberley underground operation to be processed through the combined treatment plant associated with its Kimberley Ekapa Mining (KEM) joint venture (JV) from the second half of fiscal year 2017 onwards. 

‘Exciting prospect’ awaits decision

By: Robyn Wilkinson     16th December 2016 Diamond explorer and project developer Botswana Diamonds is in discussions with its joint venture (JV) partner, Botswana State-owned copper and nickel producer BCL, to undertake essential verification drilling on a cluster of diamond-bearing kimberlite pipes at the Maibwe exploration project in... 

Tsodilo Resources Limited Closes C$8,096,683 Private Placement Financing for Units

By: Creamer Media Reporter      15th December 2016 TORONTO, ONTARIO - Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX- Venture Exchange: (TSD)) is pleased to announce that it has closed a private placement financing (the "Financing") previously announced on December 6, 2016, for gross proceeds to the Company of C$8,096,683. Pursuant... 

Kennady Diamonds reports maiden Kelvin kimberlite resource

By: Henry Lazenby     14th December 2016 Explorer Kennady Diamonds has published a maiden resource estimate for the Kelvin kimberlite, located at the company’s 100%-owned Kennady North project, in Canada’s Northwest Territories. The TSX-V-listed company said Monday exploration work to date was sufficient to calculate a compliant... 

India’s demonetisation programme impacts De Beers’ rough diamond sales

By: Megan van Wyngaardt     13th December 2016 India’s demonetisation programme has contributed to a “temporary slowdown” in De Beers’ rough diamond sales for the tenth sales cycle. In November, India announced that it would scrap its existing 500 and 1 000 rupee banknotes in a bid to crack down on black market activities. Citizens were given... 

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