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Diamonds News

Diamcor sells $744k worth of rough diamonds in July

By: Marleny Arnoldi     10th August 2021 TSX-V-listed Diamcor Mining sold 2 989 ct of rough diamonds in July, marking a good start to its financial year. The company generated about $744 000 from two sales held during the month, resulting in a combined average price of $248.90/ct.  

Botswana Diamonds recovers 4 diamonds, kimberlite indicators at Thorny River

By: Tasneem Bulbulia     10th August 2021 London-listed Botswana Diamonds has recovered four high-quality diamonds and abundant kimberlitic indicators from drill samples at the recently discovered River kimberlite extension at its Thorny River operation, in Limpopo, South Africa. As previously announced, a total of 71 m of kimberlite was... 

Diamond sales at De Beers' Botswana unit rebound as global market recovers

By: Reuters     6th August 2021 De Beers' Botswana unit saw sales of rough diamonds rebound by 41% in the first half of 2021, driven by the reopening of key markets the United States and China, data from the Bank of Botswana showed on Thursday. Debswana Diamond Company, a joint venture between the Botswana government and Anglo... 

Gahcho Kué rebounds from difficult start to year

By: Mariaan Webb     5th August 2021 The Gahcho Kué diamond mine, 280 km northeast of Yellowknife in the Northwest Territories, has rebounded well from a difficult start to the year, with production on track to meet its guidance for the year, reports Mountain Province Diamonds CEO Stuart Brown. The mine, which is owned in a joint... 

An image of stockpiled material containing diamonds in Canada.
Gahcho Kué stockpiled material

Resources Watch  

4th August 2021 This week: De Beers bounces back to 2019 levels with outstanding performance; Anglo on trajectory towards becoming minerals solutions provider; and, ESG business critical, not just the right thing to do 

Resources Watch
Resources Watch

Alrosa takes actionable steps to ensure it meets ESG goals

By: Marleny Arnoldi     4th August 2021 Russian diamond miner Alrosa has published a three-year action plan for its comprehensive 2021 to 2025 Sustainability Programme. The company is focused on increasing responsibility and transparency across its diamond mining and production operations, as well as reinforcing consumer confidence.  

Alrosa CEO Sergey Ivanov
Alrosa CEO Sergey Ivanov

More drilling in store for Thorny River project

By: Marleny Arnoldi     3rd August 2021 Aim-listed Botswana Diamonds has advised that results from sample analysis on the Thorny River diamond project, based in South Africa’s Limpopo province, will only be available in mid-August. A two-week delay has been caused by Covid-19 issues; however, the company reports that initial... 

Lucara recovers 393 ct diamond at Karowe

By: Donna Slater     30th July 2021 TSX-listed diamond miner Lucara Diamond Corporation has recovered a 393.5 ct top white Type IIa gem-quality diamond from its 100%-owned Karowe diamond mine in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the south lobe of the mine. 

A 393.5 ct top white Type IIa gem-quality diamond recovered from Lucara's Karowe diamond mine in Botswana
The 393.5 ct top white Type IIa gem-quality diamond recovered from Lucara's Karowe diamond mine in Botswana

Diamond major releases inaugural impact report

30th July 2021 The world’s largest diamond miner by volume Alrosa, earlier this month released its first ever Impact Report, which summarises its social and economic progress in Yakutia – which hosts 90% of Alrosa’s operations – over the last decade. Yakutia is one of the world’s richest regions in terms of... 

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

ESG business critical, not just the right thing to do 

By: Martin Creamer     30th July 2021 De Beers Group, the world’s largest diamond company by value, is working to leave a positive long-lasting legacy beyond mining. To achieve this, it has set 12 Building Forever 2030 Goals, three for each of the four supporting pillars. 

Image of De Beers Group sustainable impact senior VP Katie Fergusson
Engineering News & Mining Weekly speaking to Katie Fergusson, the senior VP sustainable impact of De Beers Group

De Beers bounces back to 2019 levels with outstanding performance  

By: Martin Creamer     29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... 

Picture used with video interview of De Beers CFO
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Alrosa invests 8% of revenue on ESG

By: Creamer Media Reporter      29th July 2021 Russia’s Alrosa has invested 15.8-billion ruble ($216-million) in social and environmental initiatives in 2020. “The company retained its leadership position for ESG investments in the diamond industry in 2020, contributing around 8% of our total revenue,” says CEO Sergey Ivanov. 

Petra recovers 342.92 ct diamond at Cullinan

By: Tasneem Bulbulia     28th July 2021 London-listed Petra Diamonds has recovered a 342.92 ct Type IIa white diamond of “exceptional” quality, in terms of both its colour and clarity, at the Cullinan mine in South Africa. The diamond is likely to be sold at the company’s upcoming tender in September. 

An image showing the exceptional 342.92 carat Type IIa white diamond recovered at Cullinan in July 2021
Photo by Petra Diamonds
342.92 ct Type IIa white diamond

De Beers records strong sixth-cycle sales

By: Tasneem Bulbulia     28th July 2021 Diamond miner De Beers Group sold about $510-million of rough diamonds in its sixth sales cycle of the year. Sales were significantly higher than the $116-million of rough diamonds sold in the sixth sales cycle of 2020.  It is also higher than the $477-million of rough diamonds sold during the... 

Australia diamond junior Burgundy sets A$50m raising target

By: Esmarie Iannucci     26th July 2021 ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an... 

Image shows Australian currency

Record Cullinan performance drives improvement in Petra’s full-year output

By: Simone Liedtke     21st July 2021 Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30. The Cullinan mine’s performance, which contributed production of more than 1.9-million carats, was offset by lower production at Finsch and Koffiefontein, while the Williamson mine, in... 

Pic/Image of Cullinan_plant_fines_plant_feed_belt
Petra Diamonds' Cullinan Mine.

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

De Beers’ second-quarter rough diamond production up 134% 

By: Simone Liedtke     20th July 2021 Diamond miner De Beers’ rough diamond production increased by 134% year-on-year to 8.2-million carats during the second quarter, which the miner says reflects “planned higher production” to meet stronger demand for rough diamonds. In Botswana, production increased by 214% to 5.7-million carats,... 

Pic/Image of a tipper at De Beers

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Lucara closes C$41.4m financing

By: Tasneem Bulbulia     15th July 2021 Canadian miner Lucara Diamond Corp has closed its previously announced bought deal financing, as well as the previously announced concurrent private placement, for aggregate gross proceeds of about C$41.4-million. The net proceeds of the financing will be used for working capital to support the... 

Lucara uncovers Botswana’s largest fancy pink diamond yet

By: Marleny Arnoldi     14th July 2021 Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink gem yet, as well as one of the world’s largest pink diamonds on record, weighing 62.7 ct. The company has named the diamond Boitumelo, which means joy in Setswana.  

Lucara diamonds' latest fancy pink diamond recoveries, including the record-setting Boitumelo
Lucara diamonds' latest fancy pink diamond recoveries, including the record-setting Boitumelo

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Resources Watch  

14th July 2021 This week: Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal; Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO; and, Explorer within striking distance of declaring maiden SA diamond resource  

Image of Resources Watch show
Resources Watch

Botswana begins first iron-ore mining project

By: Reuters     13th July 2021 Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation's heavy reliance on diamonds, which account for a fifth of the Botswana's GDP and more than two thirds of its... 

Petra sells 39.34 ct blue diamond for $40.1m

By: Simone Liedtke     13th July 2021 The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million. Mined from the Cullinan C-Cut, Petra said on July 13 that it adds to the famous... 

The 39.34 ct exceptional Type IIb blue diamond
The 39.34 ct exceptional Type IIb blue diamond

De Beers makes diamond buyers cough up with another price rise

By: Bloomberg     13th July 2021 De Beers raised prices for its rough diamonds yet again as the industry’s dramatic recovery this year shows little sign of slowing. The top producer increased prices by about 5% at its July sale taking place this week, with most of the rises focused around higher-quality stones, according to... 

Lucara signs $220m senior debt facilities to expand its Karowe mine 

By: Tasneem Bulbulia     12th July 2021 Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs). The MLAs are African Export-Import Bank... 

The Karowe openpit mine in Botswana

BlueRock records strong second-quarter results

By: Tasneem Bulbulia     9th July 2021 Aim-listed BlueRock,  which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, processed 134 510 t for the second quarter, a 48% increase year-on-year. The company produced 5 442 ct for the period, and sold 5 106 ct, an increase of 117% and 112% year-on-year,... 

Botswana Diamonds, Yamkela Makupula, AngloGold Ashanti make headlines   

9th July 2021 Mining Weekly Editor Martin Creamer unpacks Botswana Diamonds' maiden diamond resource; mining investor Yamkela Makupula’s alluvial diamond deal; and AngloGold Ashanti’s incoming CEO is positive that gold could be a refuge of choice in the coming years.   

Image of Martin Creamer
Botswana Diamond, Yamkela Makupula, AngloGold Ashanti make headlines

Star Diamond objects to Rio Tinto joint venture meeting

By: Reuters     8th July 2021 Junior miner Star Diamond on Thursday said it objected to Rio Tinto's "predatory and coercive" actions after the global miner called a meeting for a joint venture the Canadian company says does not yet exist. The companies have been in a long-running dispute over development of Star Diamond's... 

Star Diamond objects to Rio Tinto joint venture meeting

Lucapa sets new revenue records

By: Esmarie Iannucci     8th July 2021 Diamond miner Lucapa has reported a strong first half of production for the 2021 calendar year, on the back of record volumes from both its Lulo and Mothae mines during the second quarter. The Lulo project, in Angola, recovered 6 551 ct of diamonds during the quarter ended June, up 123% on the... 

Britain's Firestone to sell Botswana diamond mine for $50 000

By: Reuters     8th July 2021 Britain's Firestone Diamonds has agreed to sell its Botswana mine to a local company for just $50 000, after previous attempts to offload the mine it valued at $10-million in 2014 fell through. Firestone put BK11 mine on care and maintenance in 2012, citing operational challenges and weak market... 

Explorer within striking distance of declaring maiden SA diamond resource  

By: Martin Creamer     7th July 2021 After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and development company Botswana Diamonds is within striking distance of being able to declare its maiden diamond resource. “We’re not too far off declaring a major resource at Thorny... 

A photo of Botswana Diamonds MD James Campbell
Botswana Diamonds MD James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

From mine to wedding finger: Russian diamond track and trace

By: Bloomberg     6th July 2021 Russia’s Alrosa is offering diamond buyers a new laser-marking technology that will allow customers to trace rough stones and polished gems from the mine to the jewelry store. The company applies a so-called nano mark to the atomic structure of the diamond, replicating a process that occurs in... 

Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal  

By: Martin Creamer     5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... 

Picture of Yamkela Makupula, investor in alluvial diamonds.
Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer on alluvial diamond transaction. Video: Darlene Creamer.
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