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Diamonds News

De Beers contributes $2.5m Covid-19 funding to Botswana, Namibia  

By: Martin Creamer     7th April 2020 Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... 

BlueRock increases Q1 diamond sales, uncertain of Covid-19 impact

By: Natasha Odendaal     7th April 2020 Aim-listed listed diamond producer BlueRock Diamonds’ good performance during the first quarter of 2020 has been overshadowed by the ongoing Covid-19 pandemic which has halted operations. The group, which owns and operates the Kareevlei diamond mine, in Kimberley, sold 3 267 ct during the first... 

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Gem concludes flexible tender sales process

By: Tasneem Bulbulia     6th April 2020 LSE-listed Gem Diamonds’ second round of the flexible tender sales process has been concluded and raised a further $6.7-million for a selection of  large, high-quality diamonds recovered at its Letšeng mine, in Lesotho. The company achieved an average value of $1 615 /ct for the first quarter of... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need 

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need
Photo by Bloomberg
Mark Cutifani

Bespoke approach required to mitigate African challenges

By: Theresa Bhowan     3rd April 2020 Maximising available resources and optimising plant efficiency while minimising environmental impact is just one of the challenges that wet processing equipment manufacturer CDE continues to address.  

Bespoke approach required to mitigate African challenges
WAYNE WARREN Sub-Saharan Africa requires an understanding that each country has its unique challenges and advantages

De Beers CFO resigns

By: Marleny Arnoldi     2nd April 2020 Nimesh Patel will step down as CFO of diamond miner De Beers, effective July 26. Patel has resigned to join Spirax-Sarco Engineering as its CFO. Patel joined Anglo American – parent company of De Beers – in 2012 as group head of corporate finance before moving to De Beers Group to take up the... 

De Beers CFO resigns
Outgoing De Beers CFO Nimesh Patel

Vast community JV delayed by Covid-19 lockdown

By: Tasneem Bulbulia     1st April 2020 Aim-listed Vast Resources has noted that all internal processes leading to the conclusion to the Chiadzwa Community Joint Venture (JV), which were expected to be finalised during March, have not completed during the month. This is owing to the Zimbabwe government having declared a 21-day lockdown... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Standard Bank meeting all capital and liquidity requirements
Sim Tshabalala

Lucara takes steps to protect employees against Covid-19

By: Tasneem Bulbulia     1st April 2020 Diamond producer Lucara Diamond Corporation has implemented a crisis management strategy to protect the health and wellbeing of its employees in Botswana and Canada amid the Covid-19 pandemic. Lucara's 100%-owned Karowe mine, in north central Botswana, remains fully operational under new measures... 

Botswana Diamonds awarded new prospecting licences

By: Tasneem Bulbulia     1st April 2020 Dual-listed Botswana Diamonds’ wholly-owned subsidiary, Sunland Minerals, has been awarded six new prospecting licences by the Botswana government. The licence tenure is for a period of three years until March 31, 2023. 

Gem successfully hosts first flexible tender sales process

By: Marleny Arnoldi     1st April 2020 London-listed Gem Diamonds has raised $12.1-million during the first round of its Letšeng flexible tender sales process on March 26. The Lesotho-focused miner in March launched the flexible tender sales process, following a large tender that had to be cancelled owing to travel and other... 

Gem successfully hosts first flexible tender sales process

Pouroulis steps down as Petra chair

By: Donna Slater     31st March 2020 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... 

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