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Diamonds News
More drilling in store for Thorny River project
By: Marleny Arnoldi Updated 5 hours ago Aim-listed Botswana Diamonds has advised that results from sample analysis on the Thorny River diamond project, based in South Africa’s Limpopo province, will only be available in mid-August. A two-week delay has been caused by Covid-19 issues; however, the company reports that initial... →
Lucara recovers 393 ct diamond at Karowe
By: Donna Slater 30th July 2021 TSX-listed diamond miner Lucara Diamond Corporation has recovered a 393.5 ct top white Type IIa gem-quality diamond from its 100%-owned Karowe diamond mine in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the south lobe of the mine. →
Diamond major releases inaugural impact report
30th July 2021 The world’s largest diamond miner by volume Alrosa, earlier this month released its first ever Impact Report, which summarises its social and economic progress in Yakutia – which hosts 90% of Alrosa’s operations – over the last decade. Yakutia is one of the world’s richest regions in terms of... →
How eight entrepreneurs helped shape the South African economy
30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... →
ESG business critical, not just the right thing to do 
By: Martin Creamer 30th July 2021 De Beers Group, the world’s largest diamond company by value, is working to leave a positive long-lasting legacy beyond mining. To achieve this, it has set 12 Building Forever 2030 Goals, three for each of the four supporting pillars. →
De Beers bounces back to 2019 levels with outstanding performance 
By: Martin Creamer 29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... →
Alrosa invests 8% of revenue on ESG
By: Creamer Media Reporter 29th July 2021 Russia’s Alrosa has invested 15.8-billion ruble ($216-million) in social and environmental initiatives in 2020. “The company retained its leadership position for ESG investments in the diamond industry in 2020, contributing around 8% of our total revenue,” says CEO Sergey Ivanov. →
Petra recovers 342.92 ct diamond at Cullinan
By: Tasneem Bulbulia 28th July 2021 London-listed Petra Diamonds has recovered a 342.92 ct Type IIa white diamond of “exceptional” quality, in terms of both its colour and clarity, at the Cullinan mine in South Africa. The diamond is likely to be sold at the company’s upcoming tender in September. →
342.92 ct Type IIa white diamond
De Beers records strong sixth-cycle sales
By: Tasneem Bulbulia 28th July 2021 Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year. Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020. It is also higher than the $477-million of rough diamonds sold during the... →
Australia diamond junior Burgundy sets A$50m raising target
By: Esmarie Iannucci 26th July 2021 ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an... →
Record Cullinan performance drives improvement in Petra’s full-year output
By: Simone Liedtke 21st July 2021 Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30. The Cullinan mine’s performance, which contributed production of more than 1.9-million carats, was offset by lower production at Finsch and Koffiefontein, while the Williamson mine, in... →
Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers
By: Martin Creamer 21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... →
Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani
By: Martin Creamer 20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... →
De Beers’ second-quarter rough diamond production up 134%
By: Simone Liedtke 20th July 2021 Diamond miner De Beers’ rough diamond production increased by 134% year-on-year to 8.2-million carats during the second quarter, which the miner says reflects “planned higher production” to meet stronger demand for rough diamonds. In Botswana, production increased by 214% to 5.7-million carats,... →
Mine achieves massive earnings boost after employing four more people
By: Martin Creamer 19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... →
Lucara closes C$41.4m financing
By: Tasneem Bulbulia 15th July 2021 Canadian miner Lucara Diamond Corp has closed its previously announced bought deal financing, as well as the previously announced concurrent private placement, for aggregate gross proceeds of about C$41.4-million. The net proceeds of the financing will be used for working capital to support the... →
Lucara uncovers Botswana’s largest fancy pink diamond yet
By: Marleny Arnoldi 14th July 2021 Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink gem yet, as well as one of the world’s largest pink diamonds on record, weighing 62.7 ct. The company has named the diamond Boitumelo, which means joy in Setswana. →
Life in mining-dependent countries significantly improved – ICMM
By: Martin Creamer 14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... →
Resources Watch
14th July 2021 This week: Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal; Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO; and, Explorer within striking distance of declaring maiden SA diamond resource →
Botswana begins first iron-ore mining project
By: Reuters 13th July 2021 Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation's heavy reliance on diamonds, which account for a fifth of the Botswana's GDP and more than two thirds of its... →
Petra sells 39.34 ct blue diamond for $40.1m
By: Simone Liedtke 13th July 2021 The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million. Mined from the Cullinan C-Cut, Petra said on July 13 that it adds to the famous... →
De Beers makes diamond buyers cough up with another price rise
By: Bloomberg 13th July 2021 De Beers raised prices for its rough diamonds yet again as the industry’s dramatic recovery this year shows little sign of slowing. The top producer increased prices by about 5% at its July sale taking place this week, with most of the rises focused around higher-quality stones, according to... →
Lucara signs $220m senior debt facilities to expand its Karowe mine
By: Tasneem Bulbulia 12th July 2021 Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs). The MLAs are African Export-Import Bank... →
BlueRock records strong second-quarter results
By: Tasneem Bulbulia 9th July 2021 Aim-listed BlueRock, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, processed 134 510 t for the second quarter, a 48% increase year-on-year. The company produced 5 442 ct for the period, and sold 5 106 ct, an increase of 117% and 112% year-on-year,... →
Botswana Diamonds, Yamkela Makupula, AngloGold Ashanti make headlines
9th July 2021 Mining Weekly Editor Martin Creamer unpacks Botswana Diamonds' maiden diamond resource; mining investor Yamkela Makupula’s alluvial diamond deal; and AngloGold Ashanti’s incoming CEO is positive that gold could be a refuge of choice in the coming years. →
Star Diamond objects to Rio Tinto joint venture meeting
By: Reuters 8th July 2021 Junior miner Star Diamond on Thursday said it objected to Rio Tinto's "predatory and coercive" actions after the global miner called a meeting for a joint venture the Canadian company says does not yet exist. The companies have been in a long-running dispute over development of Star Diamond's... →
Lucapa sets new revenue records
By: Esmarie Iannucci 8th July 2021 Diamond miner Lucapa has reported a strong first half of production for the 2021 calendar year, on the back of record volumes from both its Lulo and Mothae mines during the second quarter. The Lulo project, in Angola, recovered 6 551 ct of diamonds during the quarter ended June, up 123% on the... →
Britain's Firestone to sell Botswana diamond mine for $50 000
By: Reuters 8th July 2021 Britain's Firestone Diamonds has agreed to sell its Botswana mine to a local company for just $50 000, after previous attempts to offload the mine it valued at $10-million in 2014 fell through. Firestone put BK11 mine on care and maintenance in 2012, citing operational challenges and weak market... →
Explorer within striking distance of declaring maiden SA diamond resource
By: Martin Creamer 7th July 2021 After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and development company Botswana Diamonds is within striking distance of being able to declare its maiden diamond resource. “We’re not too far off declaring a major resource at Thorny... →
Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO
By: Martin Creamer 6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... →
From mine to wedding finger: Russian diamond track and trace
By: Bloomberg 6th July 2021 Russia’s Alrosa is offering diamond buyers a new laser-marking technology that will allow customers to trace rough stones and polished gems from the mine to the jewelry store. The company applies a so-called nano mark to the atomic structure of the diamond, replicating a process that occurs in... →
Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal
By: Martin Creamer 5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... →
Mining vital to economy, can help guide country's path – President
By: Martin Creamer 5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... →
Petra appoints three new nonexec directors
By: Tasneem Bulbulia 1st July 2021 Diamond miner Petra Diamonds has announced the appointment of three new nonexecutive directors, effective immediately. Deborah Gudgeon has been appointed independent nonexecutive director and chair-designate of the Audit & Risk Committee. →
Nonconforming diamond producers will be left behind, warns WDC
By: Marleny Arnoldi 28th June 2021 World Diamond Council (WDC) president Edward Asscher foresees that the diamond industry will soon have two distinct value chains, one encompassing responsibly sourced diamonds and one that does not. During the closing session of the 2021 Intersessional Meeting of the Kimberley Process (KP), he... →
Third Sodiam diamond auction nets nearly $57m in sales
By: Donna Slater 25th June 2021 Angolan State diamond marketing company Sodiam held its third rough diamond auction on June 24, selling $56.64-million worth of diamonds recovered at the Uari, Lulo, Catoca and Luele mines. Aside from a diversified pack of special diamonds, a batch of run-ofmine diamonds from Luele in the Luaxe... →
Lucara announces C$38m financing
By: Creamer Media Reporter 25th June 2021 Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine. The Vancouver-headquartered company will raise C$22-million on a bought-deal basis at C$0.75 a share and C$16-million in a concurrent private... →
De Beers earns $470m in rough diamond sales amid strong demand
By: Creamer Media Reporter 23rd June 2021 Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020. →
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