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Diamonds News
BlueRock signs loans note subscription agreement for £1.6m
By: Tasneem Bulbulia Updated 3 hours ago Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... →
New Anglo strategy director excited by mining’s green energy transition 
By: Martin Creamer 4th July 2022 The newly appointed group director of strategy and business development of diversified mining company Anglo American on Monday singled out mining’s green energy transition in commenting on the excitement of her new appointment. Helena Nonka, who is currently executive VP of corporate development... →
Mine haulage transition to electric offered without disruption 
By: Martin Creamer 1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... →
Petra ends its financial year with strong sales in the latest tender
By: Creamer Media Reporter 30th June 2022 London-listed Petra Diamonds' sixth tender for the 2022 financial year earned it $93-million in revenue from the sale of 569 496 ct of diamonds. “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest... →
Illegal mining brazenness a significant concern to legitimate industry
By: Donna Slater 29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... →
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.
Russia hits back at attempts to 'politicise' its diamonds
By: Reuters 29th June 2022 Russia condemned what it called a push to "politicise" its diamonds over the conflict in Ukraine and said attempts to question its compliance with the international diamond certification scheme were "totally unfounded" and "far-fetched". The Kimberley Process, a coalition of governments, the... →
Resources Watch
29th June 2022 This week: Small diamond miners want big licence holders built in so they can grow sector together; Sustainability taking front seat at Harmony Gold; and, NSDV says Deeming could bring regulatory certainty to much-needed minerals investment →
Botswana, De Beers extend sales agreement to June 2023
By: Creamer Media Reporter 29th June 2022 The Botswana government and diamond miner De Beers Group have extended their existing agreement for the sale of Debswana’s rough diamond production by 12 months until June 30, 2023. Following further positive progress towards a new agreement being made in the first half of this year, the two... →
Rio Tinto considers exiting Canada diamond project, says partner
By: Mariaan Webb 29th June 2022 Diversified miner Rio Tinto has exercised its voting power to place the Star-Orion South diamond project, in Saskatchewan, Canada, on care-and-maintenance, its joint-venture (JV) partner said on Wednesday. Star Diamond said that, subject to fulfilling its existing obligations, Rio Tinto would... →
Anglo investing in expansion of organic waste upcycling company Sanergy
By: Schalk Burger 28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... →
WDC president says there seems to be movement towards KP reform
By: Marleny Arnoldi 27th June 2022 There seems to be a positive shift in the readiness of World Diamond Council (WDC) members to reforming the Kimberley Process (KP), says president of the organisation Edward Asscher. In closing the 2022 KP Intersessional, which was hosted in Botswana last week, he highlighted that strong... →
Exploration at Lulo adds two new high-priority kimberlites for bulk sampling
By: Darren Parker 24th June 2022 The kimberlite exploration work programme at Lulo, in Angola, has been boosted by the addition of two new high-priority kimberlites for bulk sampling, says ASX-listed Lucapa Diamond Company. Lucapa, which owns Lulo in a partnership with Angolan national mining company Endiama and private Angolan... →
NSDV, Harmony Gold, Sadpo make headlines
24th June 2022 Mining Weekly Editor Martin Creamer unpacks NSDV's deeming provision suggestion for minerals investment; Harmony Gold's renewables plan; and small diamond miners wanting to work with big licence holders to create more jobs in the industry. →
Deeming could bring regulatory certainty to much-needed minerals investment – NSDV
By: Martin Creamer 23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... →
De Beers' latest sales cycle generates $650m
By: Creamer Media Reporter 22nd June 2022 Diamond miner De Beers' fifth sales cycle of this year generated $650-million, as US diamond jewellery demand remained strong. Sales revenues were higher than the $477-million generated for the fifth sales cycle of 2021 and the $604-million generated during the fourth sales cycle of this year. →
Small diamond miners want big licence holders built in so they can grow sector together
By: Martin Creamer 21st June 2022 Small diamond miners want to lock arms with all stakeholders through the South African Diamond Producers’ Organisation (Sadpo) to recover a large number of lost jobs and to realise the full potential value alluvial diamonds. “The role of Sadpo is to take on those big conversations and make sure... →
Civil society group flays diamond watchdog over Russia stalemate
By: Reuters 21st June 2022 The Kimberley Process Civil Society Coalition on Monday sharply criticised the global diamond watchdog for resisting efforts to discuss Russia's invasion of Ukraine, at this week's international conflict diamond meeting began in Botswana. A rift has emerged within the Kimberley Process (KP) -- a... →
World Diamond Council leadership to serve another year
By: Donna Slater 20th June 2022 The World Diamond Council (WDC) has decided that, in light of the unusual set of circumstances currently prevalent, including those precipitated by the Covid-19 pandemic, the terms of its senior leadership, scheduled to terminate this year, will continue into 2023. As such, WDC president Edward... →
Building Forever has become core business at De Beers, it's in the business plan
By: Martin Creamer 20th June 2022 It is a full year since the De Beers Group set itself a dozen far-reaching 2030 ‘Building Forever’ sustainability goals, which have as their four focus areas leading ethical practices, protecting the natural world, partnering for thriving communities and accelerating equal opportunity. In... →
Green hydrogen’s business case significantly strengthened, summit hears
By: Martin Creamer 17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... →
Innovative tech is changing industry trends
17th June 2022 The last half century has seen a massive shift in geological thinking, and technological innovation and developments, in all facets of diamond exploration, mining, processing, recovery, manufacturing, marketing and sales, says exploration, evaluation and mining geologist Dr John Bristow. He notes... →
African diamond sector set for strong growth
17th June 2022 With China being Africa’s, and South Africa’s, most important trading partner, the Asian superpower’s expected economic slowdown in coming years is a cause for concern, unless these economies can find alternative drivers of growth from other emerging markets, says Standard Bank mining head Mark... →
MINING GROWTH Standard Bank’s mining team anticipates that the sector will continue showing resilience and growth, remaining financially sound in 2022
Venetia aims to address shortages
17th June 2022 Following the protests over water shortages in Musina last month, a meeting was convened between the Musina local municipality, the Vhembe district municipality and diamond miner De Beers’ Venetia mine to find ways to assist the municipalities in efficiently and safely resolving the issue. →
Diamond miners require supportive regulation
By: Mandisa Nyathi 17th June 2022 Government needs to provide regulatory laws that protect the interests of natural diamond owners with the rise of laboratory-grown diamonds in the market, Aim- and BSE-listed Botswana Diamonds MD James Campbell tells Mining Weekly. →
Firm revamps pumps to support miners
17th June 2022 Revamping its distributorship base in recent years has given submersible pump specialist Integrated Pump Technology a solid foundation to support customers around sub-Saharan Africa. A key focus has been on mining areas, and the expansion has included new distributors in a number of Southern... →
Pandemic revives diamond industry
By: Mandisa Nyathi 17th June 2022 The Covid-19 pandemic was a blessing in disguise for the diamond industry, as supply constraints caused by the knock-on effects of the restrictions resulted in increased prices, after sustained periods of subdued commodities prices, says minerals processing plant supplier Bond Equipment business... →
Top producer Russia thwarts move to redefine 'conflict diamonds'
By: Reuters 16th June 2022 Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. The rift in the Kimberley Process (KP), which certifies rough diamond exports, risks paralyzing the body... →
Burgundy unveils luxury diamond brand
By: Esmarie Iannucci 16th June 2022 Diamond miner Burgundy Diamond Mines has unveiled its ‘ultra-luxury’ diamond brand Maison Mazerea, aimed at cutting and polishing natural fancy colour diamonds. The ASX-listed company said that Maison Mazerea was the final key part of Burgundy’s strategy to become an end-to-end diamond company,... →
ESG provides profitable returns from smart capital allocation – analyst
By: Martin Creamer 15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... →
245 ct diamond discovered at Letšeng
By: Darren Parker 13th June 2022 LSE-listed Gem Diamonds has announced the recovery of an exceptional quality 245 ct white Type II diamond from the Letšeng mine, in Lesotho, on June 11. Type II diamonds have no measurable nitrogen impurities and are considerably rare. →
Six people killed in Congo diamond mine cave-in
By: Reuters 9th June 2022 At least six people were killed when an artisanal diamond mine in Democratic Republic of Congo's Kasai province caved in, a provincial official said on Thursday, adding that there could be more victims. Artisanal mines are usually dug by hand, often in dangerous conditions. Fatal accidents are... →
Lucapa warns of tax changes in Lesotho
By: Esmarie Iannucci 9th June 2022 Diamond miner Lucapa Diamond Company has flagged a possible legislative change in Lesotho, which could affect its operations. A proposed value added tax (VAT) Amendment Bill is currently under consideration in the Kingdom of Lesotho, which could result in the diamond industry in Lesotho no... →
M&R's Mining platform achieves strong recovery, order book at pre-pandemic levels
By: Schalk Burger 8th June 2022 Engineering and mining contracting firm Murray & Roberts’ (M&R’s) Mining platform says its order book has recovered to pre-pandemic levels. M&R Mining Platform CEO Mike da Costa adds that the platform has made a strong recovery from the economic effects of the Covid-19 pandemic. →
Increased efficiency cuts carbon, advances net-zero path, research finds
By: Martin Creamer 8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) →
De Beers hikes small diamond prices as sanctions cause shortages
By: Bloomberg 7th June 2022 De Beers has raised the price of smaller diamonds as sanctions on its Russian rival creates a growing shortage of some stones. The price of small rough diamonds, the type that would end up clustered around the solitaire stone in a ring, has surged since the start of March as cutters, polishers... →
Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres
By: Martin Creamer 6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... →
Rio unveils future plans for pink diamonds
By: Esmarie Iannucci 3rd June 2022 Diversified major Rio Tinto as unveiled a new strategy for the future development of its Argyle Pink Diamonds brand, following the 2020 closure of the Argyle mine, in Western Australia. The company this week launched the new Icon Partner program, as part of its strategy to ensure it remains the... →
Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba
By: Martin Creamer 1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... →
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