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Diamonds

Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


An image depicting Petra Diamonds CEO Richard Duffy
Petra urges discipline among diamond producers to ensure balanced inventory levels
20th February 2024 By: Sabrina Jardim

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 


Gem Diamonds recovers third diamond greater than 100 ct this year
19th February 2024 By: Marleny Arnoldi

London-listed Gem Diamonds has recovered a high-quality 113 ct white Type II diamond from the Letšeng mine, in Lesotho. This follows recoveries of a high-quality 295 ct white Type II diamond and a... 


An image showing Lucara's Karowe mine in Botswana
Lucara signs new ten-year diamond sales agreement with HB Group
19th February 2024 By: Tasneem Bulbulia

Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”... 


Petra Diamonds' Cullinan mine
Petra sold $47.8m worth of diamonds in fourth tender
16th February 2024 By: Darren Parker

Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the... 


De Beers Venetia senior manager for safety and sustainable development Gavin Anderson
De Beers’ innovative approach to safety ensures 10m fatality-free shifts at Venetia
15th February 2024 By: Marleny Arnoldi

Diamond miner De Beers’ Venetia mine, near Musina, Limpopo, has reached 10.2-million fatality-free shifts, which safety manager Gavin Anderson deems remarkable given the mine’s transition from... 


Nedbank CIB) Energy Finance Co-Head Amith Singh.
Power aggregators seen as key accelerators of South African mining’s energy transition
13th February 2024 By: Martin Creamer

Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining... 


Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer
9th February 2024 By: Martin Creamer

Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council... 


Minerals Council CEO Mzila Mthenjane
Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses
9th February 2024 By: Schalk Burger

The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in... 


diamond sorting
De Beers’ fourth-quarter rough diamond production down 3% y/y
8th February 2024 By: Darren Parker

Diamond producer De Beers reported on February 8 that its 2023 fourth-quarter rough diamond production had decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned... 


Botswana sets aside $65m to buy 24% stake in gem trader HB Antwerp
8th February 2024 By: Reuters

Botswana has set aside 890-million pula ($65-million) to buy shares in Belgian diamond trader HB Antwerp, national budget documents show, advancing a deal that President Mokgweetsi Masisi said in... 


De Beers CEO Al Cook
De Beers warns diamond recovery will be slow after terrible year
8th February 2024 By: Bloomberg

De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US. The... 


De Beers CEO Al Cook with Endiama CEO Ganga Junior at Investing in African Mining Indaba.
Angola’s diamond sparkle brightened by new De Beers deal
6th February 2024 By: Martin Creamer

Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the... 


From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
Noise-induced hearing loss now highest priority mining health condition, Indaba hears
6th February 2024 By: Martin Creamer

Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because... 


Anglo American CEO Duncan Wanblad
Anglo CEO urges resilience, partnerships amid global disruptions
6th February 2024 By: Shannon de Ryhove

Multinational mining company Anglo American is focusing on partnerships with its host nations to grow the mining industry and remain resilient through disruptions, said CEO Duncan Wanblad during... 


WiMSA has strong presence at Mining Indaba
WiMSA has strong presence at Mining Indaba
5th February 2024

Women in Mining South Africa (WiMSA) provides a free platform that supports and guides women's personal growth, leadership and career development in the South African mining industry. WiMSA was... 


President Cyril Ramaphosa at the Mining Indaba.
South Africa’s mining industry now 39% black-owned, Mining Indaba hears
5th February 2024 By: Martin Creamer

In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt... 


Swiss ban Russian diamond imports, joining latest EU sanctions
1st February 2024 By: Reuters

Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on... 


The Letšeng mine
Gem increases production, but lower prices bite
1st February 2024 By: Creamer Media Reporter

London-listed Gem Diamonds recovered 109 656 ct of diamonds from its Letšeng mine, in Lesotho, for 2023 – an increase on the 106 704 ct recovered in 2022. In a trading update on the company's... 


Botswana Diamonds-led consortium awarded prospecting licence in Eswatini
31st January 2024 By: Creamer Media Reporter

A consortium called Diamonds of Eswatini, in which London- and Botswana-listed Botswana Diamonds holds a 30% interest, has been awarded a prospecting licence over the diamondiferous Dokowayo... 


De Beers CEO Al Cook
Solid US demand helps stabilise diamond industry – Cook
31st January 2024 By: Creamer Media Reporter

Diamond miner De Beers recorded provisional rough diamond sales of $370-million in its first sales cycle of this year. This was lower than the $454-million of sales recorded for the first sales... 


Angola President to deliver keynote address
26th January 2024

Angola President João Lourenço will deliver the keynote address at this year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre, from February 5 to... 


Six dead, one survivor in Rio Tinto plane crash
Six dead, one survivor in Rio Tinto plane crash
25th January 2024 By: Reuters

Six people were killed after a small plane carrying global miner Rio Tinto's workers crashed near Fort Smith in Canada's remote Northwest Territories (NWT) on Tuesday, the NWT Coroner Service said... 


Mountain Province sales fall on lower prices
Mountain Province sales fall on lower prices
24th January 2024 By: Creamer Media Reporter

Diamond miner Mountain Province on Tuesday reported a 15% year-on-year drop in full-year sales revenue. The Canadian miner sold 2.72-million carats at an average value of C$121/ct for total... 


The plane crashed near Fort Smith during a flight to the Diavik diamond mine.
Plane carrying Rio Tinto workers crashes in Canada's Northwest, some killed
24th January 2024 By: Reuters

A small plane carrying Rio Tinto workers crashed near Fort Smith in Canada's remote Northwest Territories on Tuesday during a flight to its Diavik diamond mine, killing some people on board. There... 


Botswana Diamonds discovers high-grade anomaly close to KX36 in the Kalahari
23rd January 2024 By: Tasneem Bulbulia

BSE- and Aim-listed Botswana Diamonds has completed a gravity survey over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the company.... 


Trucks being loaded at the Krone-Endora at Venetia mine
Diamcor announces C$2m note issuance
18th January 2024 By: Marleny Arnoldi

TSX-V-listed Diamcor Mining has announced its intention to complete a convertible loan financing of up to C$2-million consisting of unsecured convertible promissory notes. The company expects that... 


Gwede Mantashe
Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister
18th January 2024 By: Martin Creamer

The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview... 


ICMM CEO Rohitesh Dhawan
Global mining commits to nature-positive future
18th January 2024 By: Martin Creamer

Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species,... 


Ian Cockerill, Mark Cutifani and Tony O'Neill
South Africa-linked mining luminaries advising on metals industry greening
17th January 2024 By: Martin Creamer

South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive... 


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pqt: 0.319s - ct: 0.405s - 328pq - 2rq
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