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Topic

Firestone Diamonds revises Liqhobong mine plan to yield better results

By: Megan van Wyngaardt     17th January 2018 Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds. Diamonds... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

By: Megan van Wyngaardt     17th January 2018 Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116 ct low-quality diamond is the second 100-ct plus stone recovered in the first three weeks of the... 

Only four diamonds are bigger than one just found at famed mine

By: Bloomberg     16th January 2018 A small, embattled diamond miner just hit the jackpot. The 910-carat stone found by Gem Diamonds Ltd. high in the mountains of Lesotho in southern Africa is the fifth-largest in history. Here are the bigger ones: THE CULLINAN DIAMOND 

Gem discovers 910 ct diamond

By: Anine Kilian     15th January 2018 LSE-listed Gem Diamonds has recovered a 910 ct, D colour Type IIa diamond from its Lesotho-based Letšeng mine. The diamond, the largest recovered from the mine, is believed to be the fifth-largest gem-quality diamond ever recovered. 

Silicosis trust has awarded quarter of R400m settlement to qualifying former mineworkers

By: Natasha Odendaal     10th January 2018 A trust formed in 2016 to compensate a group of former Anglo American South Africa and AngloGold Ashanti employees who suffer from silica-related illnesses, has already distributed about R102-million of a R395-million settlement. The Q(h)ubeka Trust was established in March 2016 following the... 

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. 

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. 

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... 

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... 

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. 

Four zama zamas dead, 15 others arrested after shootout with police

By: News24Wire      23rd November 2017 Four illegal miners have been shot and killed during a shootout with police on an open field in Boksburg, Ekurhuleni, early on Thursday morning. Police said fifteen illegal miners, also known as zama zamas, were arrested. 

Lucapa and Equigold deepen relationship

By: Megan van Wyngaardt     21st November 2017 Private Singaporean company Equigold is further increasing its shareholding in Africa-focused Lucapa Diamond Company by converting the last two scheduled quarterly repayments, totalling $3.75-million, into Lucapa shares. The companies in October agreed to enter a $15-million loan facility, which... 

Announcing noteworthy diamond finds keeps market interest high – Paragon International

By: Henry Lazenby     10th November 2017 A review of 61 diamond finds over the past five years, which were significant enough to warrant press releases by the companies that mined them, shows that announcing the diamond finds publicly keeps market interest high, said diamond investment specialist Paragon International Wealth Management... 

Digitalised in-house communications to benefit African mines

By: Robyn Wilkinson     10th November 2017 Mining companies operating in Africa need to think innovatively about how to reach their workforces and consider different access and communication models to ensure healthy and effective employee relations that can significantly improve their bottom lines, says communications provider Wyzetalk... 

3rd ELB Extreme Road Challenge – What A Race It Was!

     8th November 2017 Runners vs Cyclists over a distance of 353km ELB is yet again proud to announce that the ELB Extreme Road Challenge was a great success with teams completing the epic journey across border in record time.  ELB employees and friends from general industry got together for the third ELB Extreme Road... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Gem Diamonds reports increase in Q3 diamond sales

By: Anine Kilian     31st October 2017 Sales from Aim-listed Gem Diamonds’ Letšeng mine, in Lesotho, increased by 19% year-on-year to $48.1-million in the third quarter ended September 30. The company attributed this to improved demand for high-value rough diamonds, which benefited prices. 

Relook at low-carat pipes could spring big diamond surprises   

By: Martin Creamer     25th October 2017 Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged. Although diamond company De Beers walked away... 

Lucapa boosts Lesotho diamond project’s economics

By: Esmarie Swanepoel     23rd October 2017 A new development plan for the Mothae kimberlite diamond mine, in Lesotho, has significantly improvedproject economics, ASX-listed Lucapa Diamonds reported on Monday. Lucapa’s initial plans for the Mothae project would have seen the company process some two-million tonnes of mainly weathered,... 

Lucapa raises funds for second mine

By: Esmarie Swanepoel     9th October 2017 Diamond miner Lucapa Diamond Compnay has secured a $15-million finance facility to develop Phase 1 of its Mothae kimberlite diamond project, in Lesotho. The three-year debt facility has been arranged with a private Singaporean company, and will be repayable in eight quarterly payments starting... 

Firestone recovers its largest diamond to date

By: Natasha Odendaal     3rd October 2017 Aim-listed Firestone Diamonds has recovered its largest diamond to date – a 134 ct gem-quality light yellow diamond – from its Liqhobong mine, in Lesotho. The company believes the recovery, which is the second 100 ct-plus diamond recovered since production started, reinforced the potential for... 

‘Material, newsworthy’ diamond finds on the rise – analyst

By: Henry Lazenby     3rd October 2017 There has been a marked increase in the number of publicly reported special diamond finds in recent years, with 61 of 66 press-released diamond finds in the last nine years taking place in the last five years, noted independent diamond industry analyst and consultant Paul Zimnisky in a new report... 

Stornoway upbeat on possible solution to lower Renard diamond breakage

By: Henry Lazenby     2nd October 2017 Ongoing diamond breakage in the Renard process plant is reducing the proportion of larger diamonds available for sale and dimming revenue prospects for Quebec-focused miner Stornoway Diamond Corp, at a time when market sentiment for Renard’s precious gems is on the rise. However, president, CEO... 

Gem recovers 115 ct diamond at Letšeng

     19th September 2017 LSE-listed Gem Diamonds has recovered a high-quality 115 ct, D colour Type IIa diamond from its Letšeng mine, in Lesotho.   This follows the recovery of five other diamonds of over 100 ct so far this year from the mine. 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, the 126 ct D-colour Type IIa... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, 126 ct D-colour Type IIa,... 

Hencon Vacuum Technologies

     29th August 2017 Gauteng-based Hencon Vacuum Technologies, a specialist company in the Hencon Group, is one of the leading companies in the design, manufacture, supply and support ... 

Namibia black-ownership plan risks repeating South Africa's errors

By: Bloomberg     29th August 2017 A plan by Namibia, among the world’s most economically unequal nations, to better distribute wealth among its citizens may end up the way neighbouring South Africa’s has – benefiting an elite minority. The nation is working on a law that will require all businesses to be at least a quarter owned... 

Himoinsa

By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Firestone Diamonds revises FY18 guidance downwards

By: Natasha Odendaal     8th August 2017 Aim-listed Firestone Diamonds’ Liqhobong diamond mine, in Lesotho, is now expected to produce between 800 000 ct and 850 000 ct in the 2018 financial year. This is lower than the one-million carats previously targeted and is expected to impact revenues in the financial year to June 30, 2018. 

Gem encouraged by recovery of more 100 ct-plus diamonds at Letšeng

By: Creamer Media Reporter      25th July 2017 London-listed Gem Diamonds is encouraged by the improvement in the recovery of diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the first half of this year. It recovered four diamonds larger than 100 ct in the six months to June 30, and another in July. 

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

On-The-Air (07/07/2017) 

By: Martin Creamer     7th July 2017 The supply of more water from Lesotho to Gauteng has been given a wonderful thumbs-up; Violent protest brought the coal line to a screeching halt this week, dealing a blow to the economy; and The high winter electricity tariff should be cut so that closed furnaces can reopen and return lost jobs. 

New mobile screen launched in S Africa

By: Victor Moolman     7th July 2017 Mobile crushing and screening equipment supplier Kleemann, part of international specialist construction equipment manufacturer Wirtgen, has launched the Mobiscreen MS 703 EVO, which is capable of processing 350 t/h, in South Africa. 

Gem Diamonds recovers 126 ct diamond from Letšeng

By: Natasha Odendaal     6th July 2017 LSE-listed Gem Diamonds on Thursday unveiled its latest recovery from its Letšeng mine, in Lesotho – a high-quality 126 ct, D-colour Type IIa diamond. This followed the recovery of a high-quality 104.73 ct D-colour Type IIa diamond and a 151.52 ct Type I yellow diamond in June, an exceptional... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Much progress in mineworker housing delivery but more needs to be done 

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently settle in mining towns, but prefer to maintain their homes in the rural areas and return to them, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as... 

Much progress in mineworker housing delivery but more needs to be done

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently move to mining towns, but prefer to maintain and return to their homes in rural areas, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as urban home... 

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