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Diamonds News

Vast assures it is acting in good faith with Zim govt, community

By: Marleny Arnoldi     4th May 2020 Aim-listed diversified miner Vast Resources has commented on articles published in the Zimbabwean press during the last week of April, around the Chiadzwa community concession block joint venture, for which Vast is awaiting finalisation of a mining agreement. The company wishes to mine the... 

Lucapa restarts work at Lulo

By: Esmarie Iannucci     1st May 2020 Diamond miner Lucapa has restarted operations at its Lulo diamdond mine, in Angola. Operations at Lulo were reduced in early April to only essential services after a State of Emergency was declared in Angola in order to contain the spread of the Covid-19 pandemic. 

De Beers makes Covid donation to help women in host communities

By: Martin Creamer     29th April 2020 Diamond mining and marketing company on Wednesday announced a $200 000 donation across its four producer partner countries of Botswana, Canada, Namibia and South Africa to assist women’s shelters and support organisations to respond to an increase in gender-based violence resulting from Covid-19.... 

De Beers makes Covid donation to help women in host communities
De Beers Group CEO Bruce Cleaver

Morale high as Covid-masked South African miners get back to work 

By: Martin Creamer     28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... 

Morale high as Covid-masked South African miners get back to work
Mineworkers with personal protective equipment.

Lucapa to raise about $5.25m

By: Tasneem Bulbulia     28th April 2020 ASX-listed Lucapa Diamond Company plans to undertake a nonrenounceable rights issue on a 1 for 5 basis with a free attaching options exercisable at $0.10 each and expiring two years from the date of issue. If fully subscribed, the intended rights issue will raise up to $5.25-million. 

Opencast mines may return to 100% of capacity from May 1 – Patel

By: Martin Creamer     27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... 

Opencast mines may return to 100% of capacity from May 1 – Patel
Openast mines like this one may return to 100% production capacity.

Learning curve still too steep to define ‘best practice’ mining response

By: Martin Creamer     27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... 

Learning curve still too steep to define ‘best practice’ mining response
ICMM CEO Tom Butler

Lesotho permits diamond mining to restart while lockdown continues  

By: Martin Creamer     24th April 2020 The Lesotho government has permitted diamond mines to reopen from Monday, ahead of the May 5 lockdown extension, Gem Diamonds said on Friday. Mining Weekly can report that Lesotho is authorising diamond-mining’s recommencement in the Mountain Kingdom, contingent on compliance with Covid-19 health... 

Lesotho permits diamond mining to restart while lockdown continues
Letšeng diamond mine in Lesotho’s Maluti mountain range.

Mandela Mining Precinct can play key role in navigating industry through Covid-19 crisis

By: Nadine James     24th April 2020 Times of crisis and chaos necessitate introspection, creativity and adaptation, and while the Covid-19 pandemic is a challenge that is unprecedented in recent human memory, it highlights how essential continual research, innovation and planning are for the sustainability of society. Challenging... 

Mandela Mining Precinct can play key role  in navigating industry through Covid-19 crisis

Most Anglo mines around the world continuing to operate

By: Martin Creamer     23rd April 2020 Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures. The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term... 

Most Anglo mines around the world continuing to operate
Photo by Bloomberg
Anglo American CE Mark Cutifani

South African Q1 diamond production up 97% – Anglo 

By: Martin Creamer     23rd April 2020 Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground... 

South African Q1 diamond production up 97% – Anglo
Photo by Creamer Media's Donna Slater
Opencast Venetria diamond mine.

WFDB elects president

By: Tasneem Bulbulia     20th April 2020 Diamond bourses organisation, the World Federation of Diamond Bourses (WFDB), has elected Yoram Davash as president. His election took place at a meeting of the executive committee of the WFDB held via Zoom. 

Anglo, De Beers announce additional $3m donations for Covid relief 

By: Martin Creamer     20th April 2020 Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small- and medium-sized businesses through... 

Anglo, De Beers announce additional $3m donations for Covid relief
Photo by Reuters
Anglo American CE Mark Cutifani

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council welcomes revised Covid-19 regulations
Minerals Council CEO Roger Baxter

Vast Resources raises £600 000

By: Marleny Arnoldi     16th April 2020 Aim-listed Vast Resources has raised £600 000 through a placing of almost 400-million ordinary shares of 0.1p in the company at a price of 0.153p apiece. The placing was undertaken by Axis Capital Markets, which was appointed as a joint broker to Vast.  

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mining may resume at 50% capacity – Minister
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

Alrosa achieves good first-quarter sales, maintains diamond output guidance

By: Marleny Arnoldi     16th April 2020 Russia-based diamond miner Alrosa produced eight-million carats of diamonds and sold 9.4-million carats in the first quarter of the year. The company generated sales revenues of $904-million from rough and polished diamonds of $904-million.  

Alrosa achieves good first-quarter sales, maintains diamond output guidance

Lucapa cuts costs and looks at restarting ops

By: Esmarie Iannucci     16th April 2020 Diamond miner Lucapa on Thursday said that it was reviewing various funding scenarios and financing restructuring possibilities amid the global pandemic. A care-and-maintenance and security programme is being implemented at its Mothae operation, in Lesotho, after the South African government... 

Quebec diamond mine decides not to reopen yet

By: Mariaan Webb     15th April 2020 The Renard diamond mine, in the James Bay territory of Quebec, will not reopen yet, despite the province’s government announcing that mining activities can restart as essential services. Diamond miner Stornoway is keeping Renard on care and maintenance, given the structural challenges still... 

Quebec diamond mine decides not to reopen yet
Stornoway's Renard mine will remain shut.

Lockdown extension won't significantly impact on BlueRock’s strategy

By: Donna Slater     14th April 2020 Aim-listed diamond producer BlueRock Diamonds, which owns the Kareevlei mine, in Kimberley, in the Northern Cape, says the two-week extension of South Africa's national lockdown to April 30 will not have a significant impact on its strategy.   Executive chairperson Mike Houston says the lockdown... 

Alrosa ends some long-term deals as March diamond sales plunge

By: Bloomberg     13th April 2020 Alrosa, Russia’s largest diamond producer, ended some long-term deals with customers as sales in March collapsed to half the level of a year ago because of the coronavirus pandemic. “We would like to thank those of our customers who stick to our long-term contracts though with several companies... 

IoT assists with challenges in mining operations

By: Mc'Kyla Nortje     10th April 2020 Every mining environment poses different challenges, but mining houses tend to prioritise the enhancement of mine health and safety procedures, and technology service provider In2IT Technologies CTO Vishal Barapatre notes that the Internet of Things (IoT) is “a top choice” in this regard. He... 

IoT assists with challenges  in mining operations
VISHAL BARAPATRE Mining safety is also about better business and creating a smarter mining sector that will continue to support South African growth

Too early to comment on when mining will resume – Minerals Council

By: Martin Creamer     9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... 

Petra sells only a portion of its South African goods, delays Q3 results

By: Simone Liedtke     9th April 2020 Following a “depressed and opportunistic” time for its diamonds at its fifth sales cycle of this year, LSE-listed Petra Diamonds has chosen to only sell a portion of its South African goods, representing about 75% by volume, and about 50% by value. The remaining goods were exported to Antwerp and... 

Petra sells only a portion of its South African goods, delays Q3 results
Photo by Creamer Media
Richard Duffy

De Beers contributes $2.5m virus 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... 

De Beers contributes $2.5m virus funding to Botswana, Namibia
De Beers Group CEO Bruce Cleaver

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
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