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Diamonds News
Tsodilo gets green light to list on OTCQB
By: Donna Slater 4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... →
Golder to lead closure of Ontario’s first and only diamond mine
By: Creamer Media Reporter 4th March 2021 Global miner De Beers has appointed Golder as the prime contractor to carry out the closure of the Victor mine – Ontario’s first and only diamond mine which operated from 2008 through 2019. Golder was selected to carry out the remaining closure activities, including demolition of the remaining... →
Namibia moves to curb mining speculators, boost local ownership
By: Reuters 3rd March 2021 Diamond and uranium producer Namibia said on Wednesday that locals who own mineral exploration licences will no longer be able to sell out to foreigners, in a move aimed at curtailing speculation in the sector. Mines and Energy Minister Tom Alweendo told Reuters that effective April 1, Namibian... →
Rockwell shareholders give thumbs up for Bristco merger
By: Marleny Arnoldi 3rd March 2021 JSE-listed Rockwell Diamonds has received the support of its shareholders for the proposed acquisition by and amalgamation with a British Columbia incorporated company owned by Mark Bristow, called Bristco. Bristow, who is also a director of Rockwell and CEO of Barrick Gold Corporation, will... →
Angola seeks to boost diamond output, negotiating with major players
By: Reuters 3rd March 2021 Angola plans to boost diamond mining and open a new large mine in the east, aiming to produce 5.7-million carats there in 2023, or more than half of its total output last year, Mineral Resources and Petroleum minister Diamantino Azevedo said. In an interview with Reuters, he also said the... →
Alrosa reports 49% fall in profit
By: Reuters 2nd March 2021 Russian State-controlled diamond producer Alrosa on Tuesday reported a 49% fall in 2020 net profit to 32.2-billion roubles ($432-million) on lower sales and a weaker rouble. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, said output fell by 22%... →
Gahcho Kué workers return to site after Covid suspension
By: Mariaan Webb 1st March 2021 Toronto-listed Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19. CEO Stuart Brown said on Friday that plans to mitigate the loss of production were being... →
Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision 
By: Martin Creamer 1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... →
Botswana's Debswana expects to increase diamond output by 38% in 2021
By: Reuters 26th February 2021 Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and... →
Lucapa recovers another 100ct diamond
By: Esmarie Iannucci 26th February 2021 ASX-listed diamond miner Lucapa Diamond Company has recovered a its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Friday announced the recovery of a 114 ct Type IIa D-colour white diamond from Mining Block 46, marking the third stone of over 100 ct to... →
Anglo achieves resilient performance in a tough year
By: Simone Liedtke 25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... →
Petra to start implementing restructure
By: Marleny Arnoldi 24th February 2021 London-listed Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring. The company expects the restructuring's effective date to be March 10. →
Test mine study under way for Fourth Industrial Revolution try-outs
By: Martin Creamer 24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... →
Alrosa relaunches plant earlier than planned
By: Creamer Media Reporter 24th February 2021 As conditions in the global diamond market improve, Russian major Alrosa has decided to relaunch the processing plant of its Lomonosov mining and processing division, Severalmaz, on March 1. This is a month earlier than previously planned. The plant is set to process three-million tons of ore... →
215 ct diamond recovered at Mothae
By: Esmarie Iannucci 24th February 2021 Diamond miner Lucapa has recovered a 215 ct diamond from its Mothae mine, in Lesotho. The stone is the largest type IIa D-colour white diamond, and the second of more than 200 ct to be recovered at the 1.1-million tonne a year Mothae plant since commercial diamond mining operations started in 2019. →
Strong price recovery continuing into 2021, says Lucara
By: Mariaan Webb 23rd February 2021 Canada-headquartered Lucara Diamond Corp said on Monday that the strong price recovery of the fourth quarter has continued into 2021, and a stable, positive price environment was forecast for the year. Following an incredibly challenging year in 2020, the diamond industry began 2021 with a... →
De Beers hikes diamond prices again as revival keeps going
By: Bloomberg 22nd February 2021 De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace. The world’s biggest diamond producer raised prices by about 4% at its second sale of the year, according to people familiar with the situation who asked not to be... →
Resources Watch
17th February 2021 This week: Vision Blue helping world to achieve green dream with high-return prospects for investors; Alluvial diamond miners outline way to save fast-shrinking industry; And, Generator supplier completing two orders →
Petra sees diamond prices starting to normalise, maintains guidance suspension
By: Marleny Arnoldi 16th February 2021 London-listed Petra Diamonds has advised that its production guidance for the 2021 financial year remains suspended owing to the uncertain impact of the ongoing Covid-19 pandemic. The company has confirmed, however, that diamond pricing on a like-for-like basis had returned to... →
BOD enters cooperation agreement to fast-track Botswana diamond exploration
By: Tasneem Bulbulia 16th February 2021 Dual-listed Botswana Diamonds (BOD) has entered into a cooperation agreement with diamond exploration company Diamexstrat Botswana (DESB), which in turn has an alliance agreement with ASX-listed Burgundy Diamond Mines, to fund exploration at BOD’s licences in Botswana. BOD’s prospecting assets... →
Diamcor notes rise in rough diamond demand
By: Donna Slater 12th February 2021 TSX-listed diamond miner Diamcor Mining reports that 2 028.33 ct of rough diamonds recovered from the processing of quarry material at its Krone-Endora at Venetia mine, in South Africa, were tendered and sold during the company’s second tender and sale of rough diamonds in Dubai during the first... →
Sadpo, Vision Blue, PetroSA make headlines
12th February 2021 Mining Weekly Editor Martin Creamer unpacks the South African Diamond Producers Organisation's ideas to save the industry, Vision Blue’s high-return prospects for investors and how green hydrogen and powerfuels could revive PetroSA and create a 160-billion euro export platform. →
Alluvial diamond miners outline way to save fast-shrinking industry
By: Martin Creamer 11th February 2021 The number of alluvial diamond operators is decreasing at an alarming rate. In 2004, there were 2 000 small diamond-mining companies, which employed close to 25 000 people, and now there are only about 200 operators employing only 5 000 people – a 90% decline. →
Tsodilo concludes second tranche of private placement
By: Marleny Arnoldi 11th February 2021 TSX-listed Tsodilo Resources has closed the second and final tranche of its private placement financing for gross proceeds of $150 000. The company issued 300 000 shares at a price of C$0.50 apiece. →
Gemcorp, Endiama sign JV for Angola project
By: Donna Slater 10th February 2021 Emerging markets trade and investment group Gemcorp and Endiama Mining, a subsidiary of Angola’s State-owned diamond company Endiama, have entered into a joint venture (JV) agreement to develop the Mulepe diamond deposit in Lunda Norte, Angola. The Mulepe site, which contains significant... →
Petra introduces changes at Williamson as human rights abuses investigation continues
By: Marleny Arnoldi 10th February 2021 London-listed diamond miner Petra Diamonds is already making some changes, such as appointing a new security contractor and implementing a new grievance mechanism, at its Williamson mine, in Tanzania, while it finalises an investigation into alleged human rights abuses by security personnel at... →
Gahcho Kué and Brucejack mines report Covid-19 cases
By: Mariaan Webb 8th February 2021 Production at the Gahcho Kué diamond mine, in Canada’s Northwest Territories, has been suspended, owing to an outbreak of Covid-19 at the mine site. The Brucejack gold mine, in British Columbia, has nine positive cases. →
Diamonds forecast to regain pre-pandemic sparkle in 2022 to 2024
By: Reuters 8th February 2021 Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted. Demand recovery will diverge depending on lockdown policies, government support, and the extent to which retailers... →
Kareevlei resource upgraded from inferred to indicated, net tonnes increase by 49%
By: Donna Slater 5th February 2021 An updated resource statement of Aim-listed diamond producer BlueRock Diamonds’ Kareevlei diamond mine has resulted in the increase of net tonnes by 49%, to 10.36-million tonnes. This also pushes up the mines net carats by 53%, to 516 200 ct, as well as its indicated resources by 19%. →
Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines
5th February 2021 Mining Weekly Editor Martin Creamer unpacks Orion Minerals’ latest acquisition in the Northern Cape, Eskom supporting increasing the licensing exemption threshold for self-generation to 50MW and, Botswana intensifying its effort to attract non-diamond exploration. →
Battery metal demand to boost DRC mining
By: Cameron Mackay 5th February 2021 The Democratic Republic of Congo’s (DRC’s) mining sector “has been given a boost, owing to a surge in demand for battery metals”, says Nedbank Corporate and Investment Banking mining and resources finances co-head Nivaash Singh. He states that this has increased investment in operations for these... →
Botswana intensifying effort to attract non-diamond exploration
By: Martin Creamer 3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... →
Botswana president Mokgweetsi Masisi
Mining has a role to play in supporting the global population, says Cutifani
By: Simone Liedtke 3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... →
De Beers' first sales cycle nets $650m
By: Creamer Media Reporter 3rd February 2021 Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year. This is higher than the $551-million of diamonds sold in the first sales cycle of 2020, as well as the $452-million of diamonds sold in the tenth and final sales cycle of 2020. →
Gem Diamonds notes recovery in its output, overall diamond market
By: Marleny Arnoldi 2nd February 2021 London-listed Gem Diamonds recovered four diamonds greater than 100 ct in the last quarter of 2020, bringing the total for the year to 16. The company reports that all its operational guidance metrics for the full year were achieved, including selling 99 172 ct at an average price of $1 908/ct,... →
Lulo diamonds make a splash
By: Esmarie Iannucci 2nd February 2021 Diamond miner Lucapa has reported A$7.7-million in revenues from the sale of a rough diamond parcel of 4 273 ct from its Lulo alluvial mine, in Angola. The ASX-listed miner on Tuesday reported that the diamond parcel was sold for $5.9-million, or $1 375/ct. →
‘We need exploration to grow our industry’ – Minerals Council
By: Martin Creamer 1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... →
Debswana diamond exports fell 30% in 2020
By: Reuters 29th January 2021 Exports of rough diamonds mined by the Debswana Diamond Company fell 30% in 2020, statistics released by the Bank of Botswana showed Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Debswana, a joint venture between Anglo American unit De Beers and... →
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