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Diamonds News
World’s rapid rate of change resulting in profound business disruptions, says Anglo CEO 
By: Martin Creamer 9th December 2022 The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining... →
Diamcor reports two lucrative tenders for the third quarter
By: Marleny Arnoldi 9th December 2022 TSX-V-listed Diamcor Mining has achieved a 121% quarter-on-quarter increase in total carats sold to more than 8 300 ct, for revenues exceeding $2-million, in the third quarter. This, says CEO Dean Taylor, demonstrates the company’s ability to generate significant revenues without the added... →
Extortion ‘mafia’ hits South Africa’s $55bn mining sector
By: Bloomberg 9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... →
Botswana Diamonds reports project development progress
By: Tasneem Bulbulia 8th December 2022 Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company. The company on December 8 reported its results for the financial year... →
Lulo continues to deliver for Lucapa
By: Esmarie Iannucci 8th December 2022 Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that some 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample, with five diamonds... →
Anglo invests $200m to accelerate zero emissions haulage solution
By: Martin Creamer 7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... →
De Beers appoints its first black-owned sightholder in South Africa
By: Marleny Arnoldi 5th December 2022 As part of diamond miner De Beers Group’s strategic objective of driving transformation in the local diamond sector, the group has appointed its first majority black-owned sightholder, Molefi Letsiki Diamonds (MLD), effective January 1 next year. Molefi Letsiki is an alumnus of De Beers’... →
Phase 1 drilling completed for extension discovery at Gahcho Kué mine
By: Tasneem Bulbulia 1st December 2022 Canadian miner Mountain Province Diamonds has published Phase 1 drilling results for the discovery, as reported in July, of the Hearne Northwest Extension at the Gahcho Kué mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué mine, which is presently ranked as fourth... →
Low risk of further breaches at Williamson TSF, but production restart pushed to mid-2023
By: Schalk Burger 30th November 2022 LSE-listed diamond producer Petra Diamonds' assessment team has concluded that there is a low risk of further breaches of the tailings storage facility (TSF) at the Williamson mine, in Tanzania, or a breach of the New Alamasi water dam. This follows the November 7 breach of the eastern wall of... →
Strong call for rapid green hydrogen investment by ramp-up backer
By: Martin Creamer 30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... →
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
$105m earmarked for Karowe expansion in 2023
By: Mariaan Webb 29th November 2022 Vancouver-based Lucara Diamond will spend up to $105-million next year on the underground expansion of its Karowe mine, in Botswana. In its 2023 operating guidance, the company says that its focus will be predominantly on shaft sinking activities, along with the construction of the bulk air... →
Newfield enters into sales agreement with DelGatto Diamond Finance Fund
By: Tasneem Bulbulia 28th November 2022 ASX-listed Newfield Resources has entered into an asset purchase and sales agreement with DelGatto Diamond Finance Fund (DDFF) for an initial amount of $1.2-million (before costs), payable within 12 months from future diamond sales, to assist with the continued development of the company’s Tongo... →
Alexkor issues tender for West Coast diamond contract miners
By: Donna Slater 28th November 2022 State-owned diamond miner Alexkor, through its pooling and sharing joint venture (PSJV) with the Alexkor Richtersveld Mining Company (RMC), has issued an expression of interest for contract diamond miners to mine areas along the West Coast of South Africa. Principal qualifying contractors have... →
South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds
By: Martin Creamer 25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... →
De Beers sponsors newly launched jewellery showcase at Montecasino
By: Marleny Arnoldi 25th November 2022 Diamond miner De Beers has partnered with the Jewellery Council of South Africa to serve as the main headline sponsor of this year’s ShopJewellex, a newly launched retail-consumer jewellery showcase to be held at Montecasino over the Black Friday weekend. ShopJewellex will showcase the latest... →
Petra reports 6% y/y rise in second yearly diamond tender sales
By: Donna Slater 25th November 2022 Diamond miner Petra Diamonds sold 447 276 ct of diamonds for $61.3-million during its second tender for the 2023 financial year. Sales were up 6% year-on-year as a result of the final closure date of the tender being extended owing to unusual market conditions with some build up in inventory... →
South Africa’s crime crisis ruling out economic growth, sustainability discussion hears
By: Martin Creamer 23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... →
Mountain Province makes new kimberlite discovery
By: Mariaan Webb 23rd November 2022 Canadian mining company Mountain Province has discovered a new kimberlite as part of its Kennady North exploration programme, which focuses on the claims and leases surrounding the Gahcho Kue diamond mine, in the Northwest Territories. The new KE kimberlite is a distinct occurrence that is... →
Green energy, Venetia's underground project make headlines
18th November 2022 Mining Weekly Editor Martin Creamer discusses the Motsepe Foundation's $2-million Green Energy competition; Palabora’s partnership with Mzansi energy to develop a solar PV plant with an energy storage system; and Venetia's underground project which is hoping for first production next year. →
Lucara and HB Trading extend sales agreement
By: Creamer Media Reporter 17th November 2022 Vancouver-based Lucara Diamond Corp has extended the sales agreement with HB Trading for the high-value diamonds from the Karowe mine, in Botswana, for another ten years. Under the agreement, Lucara’s +10.8 ct production is sold at prices based on the estimated polished outcome of each diamond,... →
Star Diamond president and CEO retires
By: Creamer Media Reporter 17th November 2022 Toronto-listed Star Diamond on Wednesday announced that president and CEO Ken MacNeill would retire as an executive and director of the company with effect from December 31. Chairperson Ewan Mason extended the board’s gratitude to MacNeill for his years’ of service and his perseverance in... →
De Beers reports good demand for rough diamonds in latest sales cycle
By: Tasneem Bulbulia 16th November 2022 The value of diamond miner De Beers’ rough diamond sales for the ninth sales cycle of the year amounted to $450-million. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers group says it has continued to implement a more flexible... →
Lucapa reports another successful tender
By: Esmarie Iannucci 16th November 2022 Diamond miner Lucapa has generated A$30.1-million in revenue from its latest international diamond tender, which featured seven special sized diamonds weighing 767 ct recovered at its Lulo mine, in Angola. The ASX-listed company on Wednesday said that the seven diamonds averaged A$39 237/t, with... →
Sparkling Venetia underground diamond project heading for first production in 2023
By: Martin Creamer 15th November 2022 A visit by Mining Weekly to the Venetia Underground Project (VUP) on November 14 provided far-reaching insight into this major diamond development that is scheduled to achieve occupational readiness and first production next year – "hopefully in the first part of the year, all going well", said... →
Petra says it may take three months before mining can resume at Williamson
By: Creamer Media Reporter 10th November 2022 A technical team from Tanzanian diamond mining company Williamson Diamonds (WDL) is working with a South African technical team from its parent company, London-listed Petra Diamonds, to safely resume production at the Williamson mine, where a tailings storage facility (TSF) breach occurred... →
South Africa's mining output contracts again, but mineral sales accelerate
By: Creamer Media Reporter 10th November 2022 South Africa's mining production contracted by 4.5% year-on-year in September. The largest negative contributors were iron-ore (-23.1% and contributing -2.7 percentage points) and gold (-12.4% and contributing -2.1 percentage points). →
World Diamond Council proposal breaks Kimberley Process ratification impasse 
By: Donna Slater 10th November 2022 A proposal by the World Diamond Council (WDC) managed to break an impasse at this year’s Kimberley Process (KP) meeting, in Botswana, during which a communiqué had to be ratified by consensus on the implications of the war in Ukraine on the Kimberley Process. For several hours during the final... →
Mining Indaba to welcome more delegates, new features in 2023
By: Sabrina Jardim 9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... →
Simon Ford
Zimbabwe's new mineral royalty policy comes into force
By: Reuters 8th November 2022 Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its... →
Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights
By: Martin Creamer 8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... →
Botswana wins bid to host anti-conflict diamond watchdog
By: Reuters 7th November 2022 Botswana has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups, but its members remain divided over Russia's invasion of Ukraine. The KP, a coalition of governments, the diamond industry and... →
Petra says eastern wall of Williamson tailings dam breaches, teams on site
By: Donna Slater 7th November 2022 Diamond miner Petra Diamonds reports that an eastern wall of a tailings storage facility at its Williamson mine, in Tanzania, was breached earlier on November 7, resulting in flooding away from the pit and extending into areas outside of the mine lease area. Emergency response teams from... →
World Bank’s Malpass visits Komati power station after approving JET loan
By: Donna Slater 7th November 2022 Public Enterprises Minister Pravin Gordhan welcomed World Bank president David Malpass to State power utility Eskom’s Komati power station following the bank’s approval of a R9-billion ($497-million) concessional loan to repurpose and repower the coal-fired power station into one which uses... →
Diamond miner Lucara on track for solid year, says CEO Thomas
By: Mariaan Webb 3rd November 2022 Canada-based miner Lucara Diamond Corp is on track for a solid year, with sales from its large, high-value diamonds continuing to achieve healthy prices, despite recent market softening, president and CEO Eira Thomas reported on Wednesday. The company sells its gem and near-gem diamonds greater... →
Criminal case to be opened against Jagersfontein Developments
By: News24Wire 3rd November 2022 In the wake of a devastating tailings dam wall collapse in the Free State, the Deputy Minister of the Department of Water and Sanitation (DWS), David Mahlobo, will open a criminal case against Jagersfontein Developments on Friday. The department said the criminal case pertains to contraventions... →
Gem Diamonds reports solid third quarter, but revises down full-year guidance
By: Marleny Arnoldi 2nd November 2022 London-listed Gem Diamonds achieved an average price exceeding $2 000/ct for diamonds sold on tender from its Letšeng diamond mine, in Lesotho, during the third quarter, despite the current downturn in the global economy. The company reports in a trading update for the quarter ended September 30... →
Kimberley Process Certification Scheme to decide on fate of Russian diamonds
By: News24Wire 2nd November 2022 The plenary meeting of the Kimberley Process Certification Scheme (KPCS) is under way in Gaborone, Botswana, until Friday and it's expected to decide if Russian diamonds should be declared conflict gems. The Kimberley Process unites administrations, civil societies, and industry in reducing the... →
Debswana posts 37.5% jump in nine-month diamond sales
By: Reuters 1st November 2022 Rough diamonds sales by Debswana Diamond Company jumped 37.5% in the first nine months of 2022, statistics released by the Bank of Botswana showed Tuesday, driven by steady demand for jewellery. A joint venture between Anglo American unit De Beers and Botswana government, Debswana sells 75% of... →
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