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Diamonds News
Kefi starts fieldwork at Saudi Arabia project
By: Simone Liedtke 21st June 2019 Aim-listed Kefi Minerals on Friday reported that fieldwork had started at its Hawiah exploration licence, in Saudi Arabia. The fieldwork began with a modest cost but a potentially high-impact induced polarisation and resistivity geophysical survey aimed at better defining the large volcanogenic... →
Real-time data playing bigger maintenance role
By: Tracy Hancock 21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... →
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements
Proactive maintenance saves mines reactive costs
By: Tracy Hancock 21st June 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... →
New platform answers call for condition based maintenance, asset optimisation
By: Tracy Hancock 21st June 2019 The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company... →
Angolan government authorises cooperatives to exploit diamonds
By: Rebecca Campbell 21st June 2019 In Angola, 77 cooperatives have been authorised to explore and mine for diamonds, stated an official announcement at the end of last month. The authorisations were issued by the State-owned Endiama diamond mining company. (Endiama is an acronym; the full name of the company, translated into... →
Pro Civil to buy Gem’s Ghaghoo mine 
By: Simone Liedtke 20th June 2019 LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has been on care and maintenance since March 2017. Under the share sale agreement, Pro Civil will make... →
De Beers Group launches diamond education course partnership in India
By: Tasneem Bulbulia 19th June 2019 De Beers Group Institute of Diamonds is partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout that country. The IIG has been operating for more than 50 years and is entrenched in gemology and in diamond and jewellery education in... →
African banks to fund construction of world’s biggest marine diamond mining vessel
By: Reuters 19th June 2019 Five African commercial banks have partnered in a $375-million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship,... →
Vast getting closer to mining diamonds at Zimbabwe concession
By: Tasneem Bulbulia 18th June 2019 A road map to finalise agreements that will enable Aim-listed Vast Resources to mine for diamonds on the Heritage concession, in Zimbabwe, has been established. This follows after meetings between the company’s senior management, local community leaders and parastatal Zimbabwe Consolidated... →
BlueRock sells 24.98 ct diamond for $190 000
By: Nadine James 14th June 2019 Aim-listed BlueRock Diamonds, the owner and operator of the Kareevlei diamond mine, in Kimberley, has sold a 24.98 ct diamond recovered earlier this month for $190 000. Executive chairperson Mike Houston on Friday commented that the company was delighted with the sale of its largest diamond to... →
Corruption, maladministration of royalties leave mine-affected communities high and dry
By: Tracy Hancock 14th June 2019 Maladministration and misappropriation of funds continue to render South Africa’s mining royalties system mostly ineffective, with no one being brought to book. Established to deliver transformation in impoverished, mining-affected communities through the distribution of royalties paid by the... →
Stornoway receives financial backing while strategic review continues
By: Creamer Media Reporter 12th June 2019 While Stornoway Diamond Corp continues with a strategic review aimed at ensuring the long-term viability of its Renard mine, in Quebec, the company has received financial backing from its secured lenders and key stakeholders. Under the terms of the bridge financing agreement, Diaquem, an... →
New kimberlite discovered at Mountain Province and De Beers Canada JV
By: Creamer Media Reporter 12th June 2019 TSX- and Nasdaq-listed Mountain Province Diamonds has discovered a new kimberlite at its Gahcho Kué joint venture (JV) leases – the first to be discovered in the area in more than two decades. The Wilson kimberlite, which was named after Canada’s first female geologist, Alice Evelyn Wilson, is... →
Vutomi to sell diamonds recovered at Thorny River
By: Tasneem Bulbulia 11th June 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has received approval to sell 256 ct of rough diamonds recovered during a bulk sampling programme at the Thorny River project, in South Africa. The sale of diamonds from bulk sampling will enable the further development of the project. →
Gem paid Lesotho $24.55m in royalties, taxes in 2018
By: Tasneem Bulbulia 11th June 2019 Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year. The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government. →
Alrosa sales weaker than in previous years
By: Mariaan Webb 10th June 2019 The world’s largest diamond miner by volume, Russia’s Alrosa, has sold about $700-million worth of diamonds less in the first five months of this year, than in the same period last year, highlighting the pressure that the diamond market is under amid a supply glut. Sales for the January to May... →
Record 24.98 ct diamond recovered at Kareevlei
By: Tasneem Bulbulia 7th June 2019 Aim-listed BlueRock Diamonds has recovered its largest diamond to date, a 24.98 ct gem-quality diamond. This diamond, which was recovered from its Kareevlei diamond mine, near Kimberley, in South Africa’s Northern Cape, would shortly be put to tender. →
Manufacturer completes DRC alluvial mining equipment project
By: Khutso Maphatsoe 7th June 2019 Alluvial diamond mining equipment manufacturer PCF Engineering has completed a multimillion-rand project for a client active in the Tshikapa diamond field in the Democratic Republic of Congo, for the manufacture and supply of a variety of equipment. PCF Engineering supplied gravel pumps,... →
ECONOMIC ENDEAVOUR For some small mining companies it is much cheaper to do alluvial mining in the rivers
Zero harm is possible – Zikalala 
By: Martin Creamer 7th June 2019 Nompumelelo (Mpumi) Zikalala has hit the ground running as the newly appointed Managing Director of De Beers Group Managed Operations in South Africa and Canada, which employ more than 5 500 people, including contractors. The focus of the De Beers Group Managed Operations leadership team is on... →
Company provides maintenance and repair services for mining industry
By: Khutso Maphatsoe 7th June 2019 Having recently completed a large facility management project for diamond processing organisation the Diamond Trading Company (DTC) in Gaborone, Botswana, industrial rope-access specialist Skyriders has found a faster, more efficient way of conducting maintenance on site through rope access. The... →
Lucapa launches next phase Lulu kimberlite search
By: Creamer Media Reporter 6th June 2019 Australia-based Lucapa Diamond Company has launched a $3.3.-million, 12-month exploration programme to locate the kimberlite source of the high-value alluvial diamonds that it currently mines at the Lulo mine, in Angola. The programme is based on a technical review of Lulo kimberlite exploration... →
Top miners doing well, but not getting credit for it – PwC
By: Simone Liedtke 4th June 2019 The world’s top 40 mining companies continued to consolidate their performance of the past several years by delivering steady growth in 2018, PwC’s ‘Mine 2019’ report, published on Tuesday, states. Combined, these companies’ revenue had increased by 8% year-on-year, which PwC says was buoyed by... →
(Left to Right) PwC assurance partner Andries Rossouw, PwC director Sizwe Mtetwa and PwC Africa energy utilities and resources leader Michal Kotzé
Junior mining badly in need of kickstart – Swanepoel 
By: Martin Creamer 4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... →
Lulo diamonds sell for $10m
By: Tasneem Bulbulia 3rd June 2019 ASX-listed diamond miner Lucapa on Monday announced that its latest sale from the Lulo alluvial mine, in Angola, had achieved gross revenues of $10-million, representing an average price of $1 800/ct. This took total half-year sales of Lulo diamonds to $22.1-million, achieving an average price of... →
Namibia’s diamond marine recovery a success story to replicate – Debmarine
By: Natasha Odendaal 30th May 2019 The success of public-private joint venture Debmarine Namibia illustrates the possibilities of marine extraction activities attaining environmental sustainability, local empowerment of communities and economic progression. The marine diamond recovery partnership between the government of Namibia... →
Lucapa weighing another diamond sale
By: Esmarie Iannucci 29th May 2019 Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho. The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems. →
1 758 ct diamond another victory for XRT circuit at Karowe
24th May 2019 Canadian miner Lucara Diamond Corp has recovered a 1 758 ct uncut diamond – the world’s second-largest – from its wholly owned Karowe diamond mine, in Botswana. The unbroken stone, one of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond... →
Debswana awards mining contract, starts Cut-9 project
24th May 2019 Debswana Diamond Company (Debswana) has awarded a local contract to Majwe Mining, a joint venture (JV) between Bothakga Burrow Botswana and mining services provider Thiess Botswana, to provide diamond mining services to Debswana’s Cut-9 project at the Jwaneng diamond mine. The value of the... →
Exploration projects on the rise in Botswana
By: Khutso Maphatsoe 24th May 2019 Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. Campbell... →
Base metals promise future prosperity for Botswana economy
By: Khutso Maphatsoe 24th May 2019 The base metals industry is an exciting prospect for Botswana, as copper mining is increasing, which bodes well for the country’s economy, says Botswana Chamber of Mines (BCM) CEO Charles Siwawa. Although copper- and nickel-producing mines have temporarily closed down, companies such as Khoemacau... →
Locally-manufactured mobile stations delivered to Botswana mine
24th May 2019 A major miner in Botswana has commissioned a South African company to manufacture three mobile operator stations at its Orapa diamond mine in Botswana. The mobile stations allow for capital equipment to operate by means of remote-control technology, 100 m away from where the machine is working. →
Mining Charter III provisions seen by some as too onerous for junior miners
By: Nadine James 24th May 2019 There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter 3, but which introduces reasonable and achievable transformation and procurement targets relative to the size and financial constraints of junior and emerging miners, says Eversheds Sutherland... →
Mothae delivers another stellar find
By: Esmarie Iannucci 23rd May 2019 Africa-focused diamond miner Lucapa Diamond Company has recovered a 126 ct gem-quality diamond from its Mothae operation, in Lesotho. The diamond is the largest recovered at Mothae since commercial operations started in January this year, and the largest gem-quality diamond ever recovered at the... →
De Beers records lower sales amid macroeconomic uncertainty
By: Creamer Media Reporter 21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. →
Junior-specific Charter III provisions will boost growth
By: Nadine James 17th May 2019 The Minerals Council South Africa facilitated the inclusion of junior-specific provisions in Mining Charter 3, gazetted in September last year, says Minerals Council Junior and Emerging Miners Desk head Grant Mitchell. He notes that the provisions will assist the stability and growth of the... →
Lulo delivers another stellar diamond
By: Esmarie Iannucci 16th May 2019 A 130 ct gem quality diamond has been recovered from the Lulo diamond project, in Angola, owner Lucapa Diamond Company reported on Thursday. The diamond is the thirteenth stone of more than 100 ct to be recovered to date, and the second so far in 2019, Lucapa told shareholders. →
Presidency slapped with hefty R29.9bn claim over Lesotho diamonds
By: News24Wire 16th May 2019 A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again. Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing... →
Debmarine Namibia to invest $468m in its seventh diamond recovery vessel
By: Simone Liedtke 16th May 2019 Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet. The vessel, which will be built at a cost of $468-million,... →
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