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Diamonds News

Parties sign terms of reference to catalyse mining industry modernisation

By: Donna Slater     Updated 36 minutes ago Representatives of the Mandela Mining Precinct (MMP) and five labour unions on October 26 signed an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry, resulting in the formation of the MMP – Organised Labour Consultative (OLC)... 

Petra records good first-quarter revenue growth

By: Chanel de Bruyn     Updated 6 hours ago London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... 

A photo of Petra Diamonds' Finsch mine, in South Africa
The Finsch diamond mine

Botswana Diamonds to raise £550 000

By: Tasneem Bulbulia     25th October 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £550 000 through the issue of 55-million new ordinary shares at a placing price of 1p a share. The funds will be used for exploration activities during the current year in Botswana and... 

Diamcor tender generates R483 000 in revenue

By: Tasneem Bulbulia     21st October 2021 TSX-listed junior diamond miner Diamcor Mining says it continues to achieve significant results in this quarter’s initial tender and sale of rough diamonds recovered from the processing of quarry material through its recently upgraded processing facilities at the  Krone-Endora at Venetia project... 

De Beers tightens full-year output guidance at 32m carats

By: Chanel de Bruyn     21st October 2021 Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its production performance in the third quarter ended September 30, the Anglo American subsidiary said demand for... 

A photo of rough diamonds

Family who exited De Beers for $5bn seeks out Asia’s rich

By: Bloomberg     20th October 2021 The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy. Edoardo Collevecchio, the former chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in... 

Angola's Catoca says tailings leak contained no hard metals

By: Reuters     20th October 2021 Angola's Catoca diamond mine said a July tailings leak, which turned a river red and killed large numbers of fish downstream in the Democratic Republic of Congo, contained a mixture of sand and clay, but no hard metals. Congo's government has said the tailings breach killed 12 people and made... 

De Beers’ latest sales cycle rakes in $490m

By: Marleny Arnoldi     20th October 2021 Diamond miner De Beers Group estimates it sold $490-million of rough diamonds for its eighth sales cycle of this year. The sales figure represents anticipated sales value for October 4 to 19 and is subject to adjustment.  

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Venetia’s new on-site heat tolerance screening facility is now open

By: Simone Liedtke     19th October 2021 De Beers’ Venetia diamond mine, near Alldays, in Limpopo, has opened a new on-site heat tolerance screening (HTS) facility as part of its ongoing efforts to ensure the safety of its workers. The new facility, which was built by local small business Ravhuyani Construction and Projects, will... 

Pic of Venetia diamond mine's HTS Building
Venetia's HTS Building

Diamond market ‘fully recovered from pandemic’

By: Mariaan Webb     19th October 2021 A structural decline in diamond production and growing end-user demand have created favourable conditions for sustained price growth, especially for rare rough and polished diamonds. In its yearly diamond investment market report, Alrosa states that the diamond market has "fully recovered from... 

An image of diamond and gold jewellery

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Gem Diamonds recovers two high-quality diamonds from Letšeng

By: Tasneem Bulbulia     18th October 2021 LSE-listed Gem Diamonds has recovered a high-quality 245 ct Type II white diamond and a high-quality 102 ct Type II white diamond, from the Letšeng mine, in Lesotho. Gem Diamonds owns 70% of the mine, which is known for producing large, top colour, exceptional white diamonds, making it the... 

An image showing the high-quality 245 ct Type II white diamond from the Letšeng mine, in Lesotho
245 ct

Miners’ rough diamond stocks ‘at minimal levels’ – Alrosa

By: Creamer Media Reporter      15th October 2021 Russian diamond miner Alrosa sold 9.2-million carats in the three months ended September, a 20% quarter-on-quarter decrease, owing to the lack of rough diamond inventories available for sale and the high base effect of the second quarter. The company, which produced 8.8-million carats in the... 

An image of rough diamonds

Ministry organises inaugural Angola International Diamond Conference

By: Tasneem Bulbulia     15th October 2021 The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the... 

Namdeb to extend land-based operations' mine life to 2042

By: Creamer Media Reporter      14th October 2021 Namdeb Diamond Corporation, a 50:50 joint venture between De Beers Group and the government of Namibia, have approved a new long-term business plan that will extend the current life-of-mine of its land-based operations as far as 2042. Under the previous business plan, the land-based Namdeb... 

A photo of materials handling equipment at Namdeb's land-based operations

BlueRock lifts third-quarter production

By: Simone Liedtke     12th October 2021 Aim-listed diamond producer BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in South Africa’s Kimberley region, produced 7 682 ct during the third quarter. This is an effective increase of 38% compared with production in the third quarter of the 2020 financial year. 

Diamcor delivers more than 2 500 ct of rough diamonds for tender

By: Simone Liedtke     12th October 2021 TSX-V-listed Diamcor Mining has delivered 2 512.17 ct of rough diamonds for the company’s first tender and sale of the current quarter, ending December 31. The total carats delivered for this initial tender are in line with company expectations and the first since the company’s recent completion... 

BlueRock sells 7.1 ct diamond for more than $64 000

By: Simone Liedtke     7th October 2021 Aim-listed diamond producer BlueRock Diamonds has sold a 7.1 ct diamond for $64 826 in its September tender. BlueRock owns and operates the Kareevlei diamond mine, in South Africa’s Kimberley region. 

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Brown steps down as Mountain Province president, CEO

By: Creamer Media Reporter      7th October 2021 Canadian diamond miner Mountain Province Diamonds says it has reached a mutual decision with president and CEO Stuart Brown for him to step down from his position with immediate effect. Jonathan Comerford has been appointed Interim president and CEO, while the process to appoint a full-time... 

Alrosa records steady demand for large rough diamonds in key hubs

By: Creamer Media Reporter      7th October 2021 Russian diamond miner Alrosa in August and September sold 349 lots of diamonds, weighing more than 6 000 ct, at auctions in Antwerp, Dubai and Ramat Gan. The auctions, which attracted bidding companies from Belgium, Israel, India and the United Arab Emirates, generated $37.8-million in revenue. 

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Diamond industry ‘ready to reform’ with launch of upgraded industry-applied mechanism

By: Simone Liedtke     5th October 2021 The World Diamond Council (WDC) has launched its upgraded System of Warranties (SoW), which is an industry-applied mechanism that links rough and polished diamonds to the Kimberley Process Certification Scheme (KPCS) with which producers were originally associated. Participants are also required... 

Diamond giant De Beers hunts for treasure in Greenland's waters

By: Reuters     5th October 2021 Mining giant De Beers has commissioned a survey of the ocean floor off Greenland's coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. The eight-day survey of around 800 km of seabed off Greenland's west coast, near the town of Maniitsoq, ended on... 

Diamond giant De Beers hunts for treasure in Greenland's waters

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Made-from-carbon-dioxide concrete, lululemons and diamonds spark investor excitement

By: Reuters     4th October 2021 What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. 

Sunland Minerals’ Botswana prospecting licences renewed

By: Tasneem Bulbulia     4th October 2021 Botswana Diamonds subsidiary Sunland Minerals’ prospecting licences PL232 and PL235 of 2015 have been renewed for a two-year period starting October 1. Recent aeromagnetic and surveys followed by targeted ground magnetic surveys and soil sampling have identified drill targets on the two PLs. 

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Diamcor notes continued progress on growth objectives

By: Tasneem Bulbulia     29th September 2021 Dual-listed Diamcor Mining says the Phase 1 upgrade at the company’s Krone-Endora at Venetia project, in South Africa,  is demonstrating its ability to achieve the targeted 100% increase in processing volumes. The upgrades are also expected to achieve the added benefit of reducing operating costs... 

Botswana Diamonds acquires control of Thorny River

By: Creamer Media Reporter      29th September 2021 London-listed Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa. Vutomi and Razorbill are currently owned by Botswana Diamonds MD James... 

Mantashe hopeful of turning Limpopo, North West, Northern Cape into new mining hotspots

By: Donna Slater     28th September 2021 Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the... 

Barloworld reflects on resilient group performance

By: Schalk Burger     28th September 2021 JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial... 

Strong H1 sales continued into third quarter – Mountain Province

By: Creamer Media Reporter      28th September 2021 Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result... 

SADPO welcomes Mining Charter judgment as key to unlocking investment

By: Donna Slater     23rd September 2021 The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review... 

Botswana Diamonds reports positive results from Thorny River drilling

By: Tasneem Bulbulia     21st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension –  were one contiguous orebody, thus increasing... 

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