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Diamonds News

Diamond industry ‘ready to reform’ with launch of upgraded industry-applied mechanism

By: Simone Liedtke     5th October 2021 The World Diamond Council (WDC) has launched its upgraded System of Warranties (SoW), which is an industry-applied mechanism that links rough and polished diamonds to the Kimberley Process Certification Scheme (KPCS) with which producers were originally associated. Participants are also required... 

Diamond giant De Beers hunts for treasure in Greenland's waters

By: Reuters     5th October 2021 Mining giant De Beers has commissioned a survey of the ocean floor off Greenland's coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. The eight-day survey of around 800 km of seabed off Greenland's west coast, near the town of Maniitsoq, ended on... 

Diamond giant De Beers hunts for treasure in Greenland's waters

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Made-from-carbon-dioxide concrete, lululemons and diamonds spark investor excitement

By: Reuters     4th October 2021 What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. 

Sunland Minerals’ Botswana prospecting licences renewed

By: Tasneem Bulbulia     4th October 2021 Botswana Diamonds subsidiary Sunland Minerals’ prospecting licences PL232 and PL235 of 2015 have been renewed for a two-year period starting October 1. Recent aeromagnetic and surveys followed by targeted ground magnetic surveys and soil sampling have identified drill targets on the two PLs. 

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Diamcor notes continued progress on growth objectives

By: Tasneem Bulbulia     29th September 2021 Dual-listed Diamcor Mining says the Phase 1 upgrade at the company’s Krone-Endora at Venetia project, in South Africa,  is demonstrating its ability to achieve the targeted 100% increase in processing volumes. The upgrades are also expected to achieve the added benefit of reducing operating costs... 

Botswana Diamonds acquires control of Thorny River

By: Creamer Media Reporter      29th September 2021 London-listed Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa. Vutomi and Razorbill are currently owned by Botswana Diamonds MD James... 

Mantashe hopeful of turning Limpopo, North West, Northern Cape into new mining hotspots

By: Donna Slater     28th September 2021 Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the... 

Barloworld reflects on resilient group performance

By: Schalk Burger     28th September 2021 JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial... 

Strong H1 sales continued into third quarter – Mountain Province

By: Creamer Media Reporter      28th September 2021 Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result... 

SADPO welcomes Mining Charter judgment as key to unlocking investment

By: Donna Slater     23rd September 2021 The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review... 

Botswana Diamonds reports positive results from Thorny River drilling

By: Tasneem Bulbulia     21st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension –  were one contiguous orebody, thus increasing... 

Massive uncut diamond unveiled in New York

By: Reuters     21st September 2021 In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the... 

BlueRock records good interim progress

By: Tasneem Bulbulia     20th September 2021 Aim-listed BlueRock Diamonds recorded good progress on a number of fronts during the six months ended June 30, chairperson Mike Houston says, despite a challenging period and delays in the expansion project at its Kareevlei mine, in the Kimberley region of South Africa. The company announced a... 

S&P revises Botswana's outlook to 'stable' on strong diamond sector recovery

By: Reuters     20th September 2021 Ratings agency S&P on Friday revised its outlook on Botswana to 'stable' from 'negative', citing its expectation that economic rebound, supported by a strong diamond sector recovery, will lead to a material improvement of fiscal and external performance over the next two years. "We expect... 

Alrosa undertakes study following interaction between kimberlite and carbon dioxide

By: Donna Slater     17th September 2021 Russia-based diamond miner Alrosa has completed the first phase of a study, set to continue into 2023, into kimberlite’s ability to absorb carbon dioxide (CO2) from the atmosphere. This follows preliminary studies undertaken by Alrosa and Russian research centres showing a degree of interaction... 

An image of diamond sorting

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Petra swings to full-year net profit, mulls selling Williamson mine

By: Marleny Arnoldi     14th September 2021 After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million. In the prior financial year, the... 

Conveyor belt at Petra Diamonds' Cullinan mine
Petra Diamonds' Cullinan mine

Alrosa diamond sales fall on inventory shortages

By: Creamer Media Reporter      10th September 2021 Russian diamond major Alrosa has reported diamond sales of $306-million in August, comprising $297-million in rough sales and $10-million in polished sales. This compares with total sales of $334-million in July and $410-million in June. Total sales in carats were lower in August, owing to a... 

An image of diamonds being sorted.

Alrosa commits to collaboration with DRC State miner

By: Marleny Arnoldi     9th September 2021 Russian diamond miner Alrosa has signed a memorandum of understanding (MoU) with Democratic Republic of Congo (DRC) State-owned diamond miner Societé minière de Bakwanga (MIBA) to increase their collaboration. The MoU defines areas of mutual interest and the potential for cooperation in the... 

Lucara’s Botswana expansion formally approved 

By: Mariaan Webb     9th September 2021 The board of Lucara Diamond Corp has formally approved the $534-million expansion of its Karowe mine, in Botswana, the Canadian miner announced on Wednesday. The underground mine construction approval follows the financial closure and satisfaction all conditions precedent to a $220-million debt... 

Diamcor completes first phase of upgrades at Krone-Endora at Venetia

By: Simone Liedtke     8th September 2021 TSX-V-listed Diamcor Mining has completed the first phase of planned upgrades ahead of schedule at the company’s Krone-Endora at Venetia project, in South Africa. The initial upgrades, originally targeted for completion by the end of September, are aimed at providing the company with the... 

De Beers seventh sales cycle revenue amounts to $515m

By: Simone Liedtke     8th September 2021 Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year. This compares with the $514-million in sales recorded in the sixth sales cycle, and the $334-million in sales recorded in the seventh sales cycle of 2020. 

Burgundy buys Canadian diamonds

By: Esmarie Iannucci     8th September 2021 ASX-listed Burgundy Diamond Mines has purchased its first third-party rough diamonds as part of its downstream marketing services. The company in June acquired the capability to cut and polish Fancy Colour diamonds in Perth, allowing for the in-house creation of polished product from its planned... 

Rough diamond production to rise after Covid-19 disruptions cleared

By: Donna Slater     3rd September 2021 Data and analytics company GlobalData expects global rough diamond production to grow by 1.4% this year to reach 112.99-million carats. This follows the estimated 19.4% contraction in output to 111.4-million carats in 2020 as a result of disruptions brought about by the Covid-19 pandemic.  

An image of diamonds

Congo says Angola tailings pollution kills 12, to seek compensation

By: Reuters     3rd September 2021 The Democratic Republic of Congo will seek compensation from the owners of an Angolan diamond mine after a tailings dam leak polluted drinking water, causing 12 deaths and making thousands of people ill, the country's environment minister said on Thursday. The late-July leak from Angola's biggest... 

Strong dollar pushing up Diamcor’s diamond tendering proceeds

By: Donna Slater     2nd September 2021 TSX-listed diamond miner Diamcor Mining tendered and sold 4 330.24 ct so far in the quarter ending September 30, generating initial gross revenues of $1.02-million and resulting in a combined average price of $236.44/ct. This is after its third tender and sale of rough diamonds recovered from... 

Gem Diamonds receives higher prices, demand for Letšeng diamonds

By: Donna Slater     2nd September 2021 LSE-listed diamond miner Gem Diamonds’ revenue has increased from $69.5-million in the first half of 2020, to $104.5-million for the six months to June 30 this year, resulting in the miner increasing its cash on hand from $24.9-million in the prior comparable period to $33.9-million for the... 

Botswana Diamonds starts drilling at South African project

By: Simone Liedtke     1st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds has started drilling at its Thorny River project, in South Africa.   Eight reverse circulation drill holes are planned to drill in-between the recently discovered River and River Extension blows. The drilling programme is expected to take no... 

Minerals policy holding back growth in the junior diamond mining sector 

By: Donna Slater     1st September 2021 A report into small and junior diamond miners provides, for the first time, a glimpse into the “shocking state of the industry and the regulating authority”, says independent diamond producer Lyndon de Meillon. The ‘Status of the South African Small and Junior Diamond Mining Sector’ report was... 

Diamcor’s interim results take strain from continued Covid uncertainty

By: Marleny Arnoldi     31st August 2021 TSX-V-listed Diamcor Mining managed to tender and sell 4 468 ct of rough diamonds in the six months ended June 30, generating revenue of about $1.2-million and realising an average price of $270.39/ct. The company also delivered an additional 1 500 ct for tender right before the period ended.  

BlueRock sells three large diamonds for $1.1m

By: Tasneem Bulbulia     31st August 2021 Aim-listed BlueRock Diamonds has sold three gem-quality diamonds of 58.6 ct, 21.6 ct and 14.3 ct, for $585 000, $268 000 and $236 000, respectively, for a total of $1.1-million. The diamonds were recently recovered from the Kareevlei diamond mine in the Kimberley region of South Africa. 

Evidence-based report welcomed by small and junior diamond miners 

By: Donna Slater     30th August 2021 Small and junior diamond miners are facing persistent challenges from a policy and regulatory perspective, which has resulted in a significant decrease in the number of small miners over recent years, a report titled ‘Status of the South African Small and Junior Diamond Mining Sector, states.... 

Petra partly sells two big diamonds to local beneficiator

By: Marleny Arnoldi     25th August 2021 London-listed Petra Diamonds has sold its recently recovered 342.92 ct Type IIa white diamond and an 18.30 ct Type IIb blue diamond into a partnership with Stargems. Petra will receive an upfront payment of $10-million for the 342.92 ct diamond and $3.5-million for the 18.30 ct diamond. It will... 

Petra Diamonds' 342.92 ct Type IIa white diamond
Petra Diamonds' 342.92 ct Type IIa white diamond

Okwa to acquire Gem Diamonds’ Botswana subsidiary for $4m 

By: Donna Slater     23rd August 2021 London-listed Botswana Diamonds (BOD) reports that Okwa Diamonds, its joint venture (JV) with Vast Resources, has conditionally agreed to acquire 100% of the share capital in Gem Diamonds Botswana (GDB) for $4-million in cash and payable in two instalments. The acquisition of GDB is conditional... 

A miner ascends from the Ghaghoo decline shaft
A miner ascends from the Ghaghoo decline shaft

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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