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Diamonds News
Angola mine leak causes 'unprecedented' pollution in Congo rivers, researchers say
By: Reuters 23rd August 2021 A suspected leak of heavy metals from a mine in northern Angola is causing an "unprecedented environmental catastrophe", affecting some two-million people in Democratic Republic of Congo, researchers at Kinshasa University said on Friday. Analysis of satellite imagery and interviews indicate a... →
BlueRock makes third large recovery in August
By: Marleny Arnoldi 19th August 2021 Aim-listed BlueRock Diamonds has recovered a 14.3 ct diamond from its Kareevlei diamond mine, in Kimberley, South Africa. The discovery follows shortly on the heels of the recovery of 58.6 ct and 21.6 ct diamonds earlier this month, providing further confirmation of the “size frequency... →
Alrosa commits $2.7m to build houses in Yakutia after forest fires
By: Schalk Burger 19th August 2021 Diamond miner Alrosa has committed about $2.7-million for the construction of houses in the Byas-Kyuel village in the Gorny district of Yakutia, Russia, which has been impacted by forest fires. “Alrosa is working closely with the Yakut government at this difficult time for the region, providing... →
Alrosa considers running mine trucks on LNG
By: Creamer Media Reporter 17th August 2021 Russian diamond miner Alrosa is considering converting its fleet of supersize mine trucks and road trains to run on liquefied natural gas (LNG) and diesel, a move that could slash its fuel costs by more than 40%, says deputy COO for vehicle management Ruslan Sizonov. The company will over a... →
BlueRock makes biggest recovery yet at Kareevlei
By: Marleny Arnoldi 16th August 2021 Aim-listed BlueRock Diamonds has recovered a 58.6 ct diamond from the Kareevlei diamond mine, in Kimberley, South Africa. This follows short after the discovery of a 21.6 ct diamond from the same mine a week ago. →
YDMC details Liberia kimberlite findings
By: Tasneem Bulbulia 13th August 2021 Liberian newspaper Heritage in May reported that Liberian diamond mining company Youssef Diamond Mining Company (YDMC) had announced the discovery of what could turn out to be the largest diamond field in West Africa. Responsible for the discovery of Liberia’s kimberlite dike deposits was South... →
Alrosa's profit jumps on higher prices
By: Reuters 13th August 2021 Russian State-controlled diamond producer Alrosa on Friday reported second-quarter net profit of 30.2-billion roubles ($411-million), up 26% from the previous quarter, thanks to higher prices. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, is... →
Integrated mining, beneficiation approach to optimise production
By: Nadine Ramdass 13th August 2021 The parallel development of the Ngualla rare earth project and the Teesside Refinery project positions ASX-listed, Australia-headquartered Peak Resources to become one of the world’s lowest cost integrated rare earth producers, says Peak Resources MD Bardin Davis. Global decarbonisation... →
Rio sells last of the Argyle diamonds
By: Esmarie Iannucci 12th August 2021 Diversified miner Rio Tinto is showcasing its final Argyle pink diamonds tender collection of rare pink, red, blue and violet diamonds in Antwerp, Belgium. Mining ceased at Argyle in early November last year, and the 2021 Argyle pink diamonds tender is the final collection of diamonds from the... →
Gem Diamonds reports good recoveries in H1
By: Marleny Arnoldi 11th August 2021 London-listed Gem Diamonds delivered a solid performance in the six months ended June 30, with 58 831 ct of diamonds recovered and 55 124 ct sold. That compares with the 57 504 ct recovered and the 55 939 ct sold in the first half of 2020. →
Lucara progresses with Karowe expansion as diamond market recovery continues 
By: Marleny Arnoldi 11th August 2021 TSX-listed Lucara Diamond Corporation says the diamond market continues on its recovery path, as evidenced by the company generating revenue of $46.3-million for the quarter ended June 30. The company realised an average price per carat sold of $671 for the quarter. →
Alrosa's rough diamond prices back at precrisis level
By: Mariaan Webb 10th August 2021 Alrosa, the world’s biggest diamond producer by volume, said on Tuesday that rough diamond prices had rebounded to precrisis levels by early August, and stressed that it would service “real demand only”. The Russian diamond producer stated that jewellery demand remained robust in July, following... →
BlueRock recovers 21.56 ct diamond at Kareevlei, revises 2021 guidance
By: Tasneem Bulbulia 10th August 2021 Aim-listed BlueRock Diamonds has discovered a 21.56 ct diamond from its Kareevlei diamond mine, in the Kimberley region of South Africa. “I am delighted to inform shareholders that we have recently recovered a 21.56 ct [diamond] of exceptional quality and what we believe will be the highest-value... →
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... →
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 →
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. →
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. →
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... →
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. →
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... →
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. →
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... →
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... →
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... →
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... →
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,... →
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... →
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. →
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... →
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 →
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