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On-The-Air (24/10/2014)

By: Martin Creamer Diamond miner De Beers is putting R30-million a year behind its relentless search for the next big South African diamond mine 

De Beers plans to keep South African diamond exploration spend at R30m a year

By: Martin Creamer Diamond company De Beers plans to maintain its diamond exploration spend in South Africa at R30-million to R35-million a year. De Beers Consolidation Mines (DBCM) CEO Phillip Barton, who spoke to Mining Weekly Online in a video interview (see attached) on the sidelines of the Diamond Route... 

De Beers Consolidated Mines appoints Zikala to board

By: Creamer Media Reporter De Beers Consolidated Mines (DBCM) has appointed Nompumelelo ‘Mpumi’ Zikalala to its board. She brings with her a wealth of experience in mining, diamond trading and the advancement of the economic and social transformation of the South African company. Zikalala joined De Beers in 1996 as a... 

Mining efficiency at Voorspoed mine improves by 12% as De Beers implements ‘rapid results’ project

By: Leandi Kolver Diamond miner De Beers’ Voorspoed mine increased its mining efficiency by 12% over a 100-day period through implementing a rapid-results project, mine GM Mpumi Zikalala said during a media visit to the mine earlier this month. The Voorspoed mine is an openpit kimberlite mine located about 30 km... 

Pilot titanium powder plant, ‘rapid results’ at Voorspoed, Implats’ hydrogen research

By: Martin Creamer A new titanium pilot plant is expected to be operational next year; De Beers' Voorspoed diamond mine is lifiting its game; and Impala Platinum is spending on the development of the platinum market.  

Diamond miner’s feasibility study nearly one-third complete

By: Jessica Hannah Diamond miner De Beers Consolidated Mines (DBCM) reports it is one-third complete with its feasibility study for the R10-billion underground expansion of its Venetia mine, in Limpopo. 

De Beers to sell Namaqualand mines to Trans Hex for R225m

By: Loni Prinsloo De Beers Consolidated Mines (DBCM) announced last week that it would sell its Namaqualand mines in South Africa to black-empowered Trans Hex for R225-million. DBCM announced in mid-2010 that it was putting both the Namaqualand and Finsch mines on the market and later sold the Finsch underground... 

Trans Hex buys De Beers Namaqualand mine for R225m

By: Loni Prinsloo De Beers Consolidated Mines (DBCM) on Friday announced that it would sell its Namaqualand mines in South Africa to black-empowered Trans Hex for R225-million. DBCM announced in mid-2010 that it was putting both the Namaqualand and Finsch mines on the market and later sold the Finsch underground... 

Community benefits from diamonds

By: Henry Lazenby Diamond-mining giant De Beers and its empowerment shareholder Ponahalo is driving community upliftment and stimulating the local Free State province economy through the operation of its Voorspoed mine, 30 km north-east of Kroonstad. 

Anglo backs De Beers’ $1bn capital raising

By: Martin Creamer Last year, banks were defaulting. This year, 
 countries are defaulting. Will that 
 dreaded double-dip eventuate or can the world look forward to a gradual return to better times? 

Real Economy Report

By: Irma Venter Commodities were big news in 2008 - first, their meteoric rise in price and demand, followed by their dramatic slump as the global economic crisis cooled uptake significantly. Looking back at 2008's ten most popular Real Economy Report mining stories, the usual suspects are all here, from a... 

Early commissioning brings project in on budget

By: Fatima Gabru The newly opened Voorspoed mine of diamond-miner De Beers was commissioned nine months early and completed on budget, says Voorspoed operations manager Andy Taylor. 

Mine designed with closure in mind

By: Fatima Gabru Diamond miner De Beers' new Voorspoed mine has been designed with closure in mind, the mine's environmental coordinator Gavin Anderson told Mining Weekly in an interview at the official opening at the beginning of November. 

Voorspoed diamond mine, South Africa 

By: Sheila Barradas The Voorspoed mine was officially opened in November and will potentially produce as much as 800 000 ct/y. 

Real Economy Report

By: Creamer Media Reporter This is the Real Economy Report. Our top stories this week: Nicky Oppenheimer speaks on the new Voorspoed diamond mine, we speak to Africa's largest steel producer about the so-called ‘perfect storm' battering the industry, and a Northern Cape iron-ore mine expands despite the commodities slowdown. 

Pallinghurst comes home in blaze of coloured-gemstone glory

By: Martin Creamer Until a decade ago, pure white diamonds were in widespread demand, but, increasingly, coloured gemstones are coming into their own, says Pallinghurst chairperson and mining doyen Brian Gilbertson, who now has ‘skin in the game’, together with his partners, former Incwala CEO Arne Frandsen and his... 

Pallinghurst comes home in blaze of coloured-gemstone glory

By: Martin Creamer Until a decade ago, pure white diamonds were in widespread demand, but increasingly coloured gemstones are coming into their own, says Pallinghurst chairperson and mining doyen Brian Gilbertson, who now has “skin in the game”, together with his partners, former Incwala CEO Arne Frandsen and his... 

Voorspoed diamond mine project, South Africa.

By: Sheila Barradas The Voorspoed project will treat three-million to four-million tons of material a year to yield an expected 900 000 ct. 

Over 27 000 ct recovered from DiamondCorp’s Free State tailings

By: Matthew Hill Emerging diamond producer DiamondCorp, developing the Lace mine in South Africa, recovered 27 103 ct from the mine’s tailings in the first six months of 2008, it said on Thursday. During the same period, the company sold 19 214 ct of gem-quality diamonds for $1,1-million, at an average price of... 

Diamond giant sees voorspoed ahead

By: Fatima Gabru Construction at South African diamond miner De Beers’ Voorspoed Mine was completed at the beginning of May. The company is now busy with the commissioning process and is fairly confident that it will reach full production by the end of this year. Construction was completed a month earlier... 

Underground diamond production by year-end, says DiamondCorp CEO Loudon

By: Martin Creamer London AIM-listed DiamondCorp, now also JSE listed, is essentially a South African operating company. The company is at the very early stages of putting the historic Lace diamond mine in the Free State back into production for the first time since it shut in 1930. What it has shown to date is... 

Gem junior accelerates Free State project

By: Matthew Hill Aim-listed gem producer DiamondCorp said on Tuesday that it would bring the second phase of underground production at its Lace mine in the Free State into production in the second half of 2008, one year ahead of plans. The company said that the mine was "at the mercy of Eskom" for now,... 

Diamond producer to spend R100m in two years on second phase of Lace project

By: Esmarie Swanepoel Diamond producer DiamondCorp plans to spend about R100-million over the next two years on the second phase of the company’s Lace mine development plan. 

Average time for De Beers to recoup novel investment 17 to 19 years

By: Martin Creamer Pure commercial gain was not of itself the right of business, the scope of which extended beyond sole commercial gain, De Beers' Jonathan Oppenheimer told the Gordon Institute of Business Science in Johannesburg last week. 

New mining vessel boasts latest technology

By: Creamer Media Reporter At a ceremony held in Cape Town recently, diamond mining giant De Beers celebrated the naming and blessing of Peace in Africa, the first marine diamond mining ship to operate in the South African sea area. 

De Beers concludes R5,8bn ten-year BEE fuel supply transaction

By: Neal Goldwyer Diamond mining giant De Beers Consolidated Mines on Tuesday concluded a major fuel supply deal and social investment in mining areas initiative with three black economically-empowered (BEE) companies as part of a R5,8-billion ten-year transaction. 

De Beers puts up 'for sale' sign on Great Star of Africa diamond

By: Martin Creamer Its Great Star of Africa is mounted on the Imperial Sceptre; its Lesser Star in the British Imperial State Crown and can still be seen to this day. 

De Beers to sell Cullinan, parts of Kimberley mine

The world's largest diamond producer, De Beers, said on Tuesday that it planned to sell its Cullinan mine and parts of its Kimberley underground diamond mine as it stepped up its mining-assets transformation process. The company announced that it would “seek offers” for the Cullinan... 

De Beers in big project push as Russian deal ends

By: Helene Le Roux Diamond giant De Beers is undertaking a $2-billion, four-project capital expansion programme that will contribute about 3,3-million carats and $700-million to the group’s annual production capacity once in full swing. 

De Beers receives new-order rights for Voorspoed mine

By: Matthew Hill South African diamond-miner De Beers Consolidated Mines (DBCM) has received new-order mining rights for its Voorspoed diamond mine, in the Free State, it announced on Wednesday. The company stated that it would now pull the trigger on developing the new R1,2-billion mine, which was scheduled for... 

Voorspoed diamond-mine project

If the proposed project goes ahead, Voorspoed will be De Beers Consolidated Mines' (DBCMs') largest project in South Africa, since its Venetia mine, in Limpopo province was commissioned in the 1980s. The Voorspoed area is a 12,5-ha diamond bearing kimberlite pipe, harvesting - according to... 

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