https://www.miningweekly.com
R/€ = 19.81 Change: -0.16
R/$ = 17.92 Change: -0.31
Au 1614.15 $/oz Change: -5.19
Pt 729.51 $/oz Change: 12.51
 

Diamonds News

Pouroulis steps down as Petra chair

By: Donna Slater     Updated 4 hours ago Diamond miner Petra Diamonds reports that Peter Hill will succeed founder Adonis Pouroulis as nonexecutive chairperson as of March 31. The miner previously noted in its interim results on February 17 that additional board changes would also take place this calendar year. These include... 

Diamcor suspends tenders, focuses on cost-saving during lockdown

By: Marleny Arnoldi     30th March 2020 TSX-V-listed Diamcor Mining has made several short-term operational changes in response to the events unfolding owing to the Covid-19 crisis that is occurring globally. The company has suspended its activities in South Africa, placing its Krone-Endora at Venetia surface mining operation,... 

Diamcor suspends tenders, focuses on cost-saving during lockdown
Diamcor CEO Dean Taylor

De Beers cancels third rough diamond sales cycle 

By: Simone Liedtke     30th March 2020 Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year. As a result, De Beers is enabling sightholders to defer 100% of their Sight 3 allocations to later... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Petra Diamonds suspends guidance, scales down operations
Petra Diamonds' Koffiefontein mine

Anglo American cuts South African iron-ore, coal guidance 

By: Donna Slater     27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... 

Alrosa launches digital tender for sale of rough diamonds during Covid-19

By: Simone Liedtke     26th March 2020 Russian miner Alrosa has launched a digital tender for special size rough diamonds weighing more than 10.8 ct. The miner decided to cancel the upcoming special size auctions, simultaneously offering customers the opportunity to take part in a digital tender if they need rough diamonds. 

Gem Diamonds places Letšeng on care and maintenance

By: Simone Liedtke     26th March 2020 LSE-listed Gem Diamonds has, in line with the Lesotho government’s three-week lockdown to combat the spread of Covid-19, temporarily placed its Letšeng mine on care and maintenance. Lesotho’s national lockdown will start on March 29 and end on April 21. 

World Federation of Diamond Bourses to launch global trading platform soon

By: Marleny Arnoldi     26th March 2020 The World Federation of Diamond Bourses (WFDB) has created a World Federation Diamond Trading Platform to provide a secure and reliable source of trading amid uncertain times globally, while promoting trade and healthy competition in the diamond market. The cross-bourse trading platform will be... 

World Federation of Diamond Bourses to launch global trading platform soon

Botswana Diamonds continues to develop its portfolio

By: Simone Liedtke     25th March 2020 Dual-listed Botswana Diamonds continues to develop its portfolio of eight exploration projects across three sub-Saharan countries – Botswana, South Africa and Zimbabwe. In South Africa, drilling on the Marsfontein ground-intersected kimberlite continues, where a significant bulk sample of the... 

South African miners preparing for three-week lockdown 

By: Simone Liedtke     24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... 

South African miners preparing for three-week lockdown
Photo by Creamer Media
President Cyril Ramaphosa

Lucapa reports polishing revenue

By: Esmarie Iannucci     24th March 2020 Diamond miner Lucapa is set to receive its first A$7-million in revenue from its cutting and polishing partnership at the Lulo mine, in Angola. The company on Tuesday said that the first A$2.6-million payment will make up Lulo’s share of cutting and polishing profits from diamond manufacturer... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19 

By: Marleny Arnoldi     20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

Necessity drives drill bit innovation

By: Darren Parker     20th March 2020 Drilling solutions provider Lesedi Drilling and Contract Mining, in collaboration with its subsidiary, drill bit supplier Thriftline, has developed a removable reaming shell for its diamond drill bits, which the company believes will significantly reduce drilling consumable expenses. The reaming... 

Necessity drives drill bit innovation
CORE VALUE Innovation is necessary for survival in the current sluggish economic environment

Autonomous drills improve safety for contract miner

By: Darren Parker     20th March 2020 JSE-listed Basil Read’s mining arm Basil Read Mining subsidiary Blasting and Excavating (B&E)has entered into a partnership with India- based original-equipment manufacturer (OEM) Revathi Equipment and other local partner Paramount Tracks to acquire several C650 autonomous drills. 

Autonomous drills improve safety for contract miner
NATHAN WILLIAMS The way forward is to embrace disruptive technologies in the mining industry

Gem launches flexible sale process to make up for cancelled tender

By: Marleny Arnoldi     19th March 2020 London-listed Gem Diamonds has had to cancel its Letšeng large tender, owing to travel and other restrictions imposed by various governments, including in Belgium, where the tender would have been held from March 16 to 25. In its place, Gem has launched a “flexible direct sales process” for... 

Gem launches flexible sale process to make up for cancelled tender
Gem Diamonds CEO Clifford Elphick

Bulk sampling to start at Botswana Diamonds’ Marsfontein project

By: Simone Liedtke     18th March 2020 Dual-listed Botswana Diamonds has started a bulk sampling campaign at its Marsfontein project, in South Africa, where kimberlite was previously identified as being of “high interest”. Treatment will be undertaken at a nearby diamond processing facility using two-stage crushing, screening, pans,... 

Top-quality 64 ct lla diamond recovered at Lucapa’s Mothae mine

By: Simone Liedtke     18th March 2020 ASX-listed Lucapa Diamonds has recovered a top-quality 64 ct D-colour Type Ila diamond at the Mothae project, in Lesotho. The 64 ct diamond is the twelfth diamond larger than 50 ct recovered at the mine since commercial production started in January 2019. 

Antwerp’s city-wide shutdown postpones diamond sale

By: Creamer Media Reporter      18th March 2020 Canada’s Mountain Province Diamonds said on Tuesday that its current sale had been postponed until further notice, as a result of the city-wide closures taking effect in Antwerp, Belgium this week. The sale is the company’s third diamond sale of the year. Mountain Province cautioned that,... 

De Beers diamond buyers locked out in Botswana travel ban

By: Bloomberg     17th March 2020 De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling? Botswana, where De Beers conducts its 10 sales each year, on Monday... 

Angola making progress in strengthening its precious stone sector

By: Rebecca Campbell     13th March 2020 Angola has launched a limited public tender to contract three independent diamond evaluators, to evaluate the some 9.2-million carats of rough diamonds produced in the country each year. The contracts would fall under the Government’s services provision regime. The tender is open to both Angolan... 

Alrosa CEO says virus outbreak affects 2020 sales outlook

By: Mariaan Webb     11th March 2020 The outbreak of a new strain of coronavirus, Covid-19, has weighed on diamond demand in February and will negatively impact on Alrosa’s sales outlook for 2020, CEO Sergey Ivanov said on Wednesday. The Russian miner reported rough and polished diamond sales of $346.4-million in February, down 14%... 

Alrosa CEO says virus outbreak affects 2020 sales outlook
Alrosa CEO Sergei Ivanov

Gem upbeat on future prospects for Letšeng and the company 

By: Tasneem Bulbulia     11th March 2020 Diamond miners Gem Diamonds delivered solid operational results for the year ended December 31, which, together with the targeted gains of a business transformation programme and continued emphasis on cost controls, affirmed it as one of the lowest-cost producers in the industry, CEO Clifford... 

Gem upbeat on future prospects for Letšeng and the company

Gem’s Letšeng continues to deliver special diamonds

By: Simone Liedtke     6th March 2020 LSE-listed Gem Diamonds has highlighted the recovery of a number of top-quality white, as well as one pink, diamond from its Letšeng mine, in Lesotho, between February 28 and March 3. Five white gem diamonds, weighing between 33 ct and 114 ct, were recovered, along with a 13 ct pink gem... 

Gem’s Letšeng continues to deliver special diamonds

Star Diamond starts legal proceedings against Rio Tinto

By: Mariaan Webb     6th March 2020 Canadian junior Star Diamond on Thursday started legal proceedings against Rio Tinto Exploration Canada (RTEC) to protect its interest in the Star-Orion South project, in Saskatchewan. Star Diamond last month flagged possible legal action over RTEC’s purported exercise in November 2019 of its... 

Star Diamond starts legal proceedings against Rio Tinto

Diamond sales collapse as China’s luxury shoppers stay at home

By: Bloomberg     5th March 2020 As coronavirus cripples the Chinese economy, hardly anyone there is buying diamonds. Diamond sales in China have collapsed since the outbreak of the virus as shoppers stay home. De Beers, the biggest diamond miner, said sales fell by more than a third last week, from its first sale of the year in... 

De Beers’ rough diamonds sales fall to $355m

By: Nadine James     4th March 2020 Diamond miner De Beers earned $355-million from the sale of rough diamonds in its second sales cycle of this year. CEO Bruce Cleaver on Wednesday noted that, in response to improved demand for rough diamonds during the first sales cycle, the company, recognised the impact of the Covid-19, or... 

Lucapa raises funds for kimberlite hunt

By: Esmarie Iannucci     4th March 2020 Diamond miner Lucapa Diamond Company will raise some A$2.8-million in a share placement to sophisticated and professional investors to advance exploration work at its Lulo kimberlite project, in Angola. The company on Wednesday said that it would issue more than 25.8-million shares, at a price... 

World Diamond Council lauds regional programme of Mano River Union

By: Marleny Arnoldi     3rd March 2020 The World Diamond Council (WDC) strongly endorses the regional approach taken by the Mano River Union (MRU), in West Africa, to reinforce the effectiveness of the Kimberley Process Certification Scheme (KPCS). The MRU held a three-day workshop in Sierra Leone last week to discussed a programme... 

De Beers starts outlining plans to help its struggling buyers

By: Bloomberg     2nd March 2020 After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers. The middlemen who cut, polish and trade the world’s gems were at the center of a disastrous year for the diamond industry last year, after a glut of both rough... 

Alrosa considers going underground at Jubilee

By: Tasneem Bulbulia     2nd March 2020 Russian miner Alrosa’s investment committee has approved financing for preliminary engineering studies at the Jubilee diamond mine, to provide up-to-date information to decide on the construction of an underground mine. The Jubilee pipe forms part of the Aikhal division and is currently being... 

Angolan diamond production up, but revenues increase at significantly slower rate

By: Rebecca Campbell     28th February 2020 Last year Angola sold just over 9.44-million carats of diamonds, earning $1.299-billion, the National Diamond Commercialisation Company of Angola (Empresa Nacional de Comercialização de Angola) – better known as Sodiam – has reported. This represented a year-on-year increase of 12.3% in... 

Newfield on track to deliver first diamonds later this year

By: Simone Liedtke     27th February 2020 ASX-listed Newfield Resources is on track to produce the first diamonds from its Tongo diamond mine, in Sierra Leone, in the fourth quarter of this year. The miner on Thursday also said it would soon start the drilling and blasting of the underground decline at Tongo, following the arrival of the... 

Anglo welcomes Mboweni’s move to facilitate cross-border transactions

By: Simone Liedtke     27th February 2020 Diversified miner Anglo American has welcomed the number of measures to facilitate cross-border financial transactions, in support of trade and investment, announced by South Africa’s Finance Minister Tito Mboweni during his National Budget Speech on Wednesday. In a statement on Thursday, Anglo... 

Diamcor starts surface diamond mining with heavy equipment in Limpopo

By: Marleny Arnoldi     26th February 2020 TSX-V-listed junior diamond miner Diamcor Mining has started using a new, larger fleet of Caterpillar heavy mining equipment at its Krone-Endora at Venetia project, based next to diamond miner De Beers’ Venetia mine, in Limpopo. Diamcor started off by processing tailings material at... 

Diamcor starts surface diamond mining with heavy equipment in Limpopo

Russia to push for lifting limits on CAR diamond exports

By: Reuters     26th February 2020 Russia, as this year's chair of an international body tackling the trade in conflict diamonds, will work to lift restrictions on the export of diamonds from the Central African Republic (CAR), deputy finance minister Alexei Moiseev said on Tuesday. A total ban on diamond exports from CAR was... 

Firestone lowers guidance for FY20, plans to delist from Aim

By: Marleny Arnoldi     25th February 2020 Aim-listed Firestone Diamonds’ share price on the LSE fell by more than 68% on Tuesday after it announced that it planned to delist from the Aim. A general meeting will be convened on March 13 for shareholders to vote on the proposed delisting. Seventy-five per cent of shareholders will need to... 

Firestone lowers guidance for FY20, plans to delist from Aim
The Liqhobong mine, in Lesotho

More diamond sales for Lucapa

By: Esmarie Iannucci     25th February 2020 Diamond miner Lucapa has generated A$2.84-mllion in revenue from the sale of 1 223 ct of diamonds from its Lulo mine, in Angola. The ASX-listed company noted that its latest Lulo parcel had achieved an average price of A$2 324/ct. 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close