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Diamonds News
Mining becoming significant corporate buyer of renewable energy – ICMM 
By: Martin Creamer 21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... →
Gazetted Covid guideline restates much of what mining has already adopted
By: Martin Creamer 20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... →
Covid prevention a must at mines – gazette
By: Martin Creamer 20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... →
Chief Inspector of Mines David Msiza
Mandatory code of Covid mining practice gazetted
By: Martin Creamer 19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... →
Mineral Resources and Energy Minister Gwede Mantashe
Israel's diamond industry grinds to halt amid coronavirus
By: Reuters 15th May 2020 Israel's economy is slowly returning to normal with the gradual easing of its lockdown, but the once vibrant diamond exchange floor in Tel Aviv remains shut and the diamond district, one of the world's main trade and polishing centres, is still deserted. Before the new coronavirus reached... →
Consulting company hopes to enter mining sector
By: Mc'Kyla Nortje 15th May 2020 Engineering consulting and management practice Zimile Consulting Engineers intends to diversify into the mining sector and believes that it is equipped and skilled to deliver quality service, says Zimile Consulting Engineers COO Fergus Feltman. “Given the scale and nature of work that the company... →
Sierra Leone mining revenue sinks as pandemic hits production and prices
By: Reuters 14th May 2020 Sierra Leone is weathering a dramatic crunch in mining revenue as COVID-19 restrictions hurt companies’ ability to export gold and diamonds and access essential supplies. Revenue from mining dropped from $2.24 million in April 2019 to just $0.33 million in April 2020 - an 85% decline year on... →
BlueRock eyes Antwerp market to bolster diamond sales
By: Donna Slater 13th May 2020 Aim-listed diamond miner BlueRock Diamonds (BlueRock), which operates the Kareevlei mine in Kimberley, has embarked on a new selling strategy and will, from June, ship diamonds to be sold on the Antwerp market, which the miner says attracts significantly more buyers than the local South African... →
World’s top mining companies committed to climate change solutions – ICMM
By: Martin Creamer 13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... →
Anglo delivering through volatile times with $14.5bn liquidity
By: Martin Creamer 12th May 2020 How Anglo American is ‘delivering through volatile times’ was outlined on Tuesday at Bank of America’s virtual global metals, mining and steel conference, where it reiterated its strong liquidity position of $14.5-billion, made up of $6.9-billion in cash and $7.6-billion in undrawn committed... →
Anglo American's FutureSmart MiningTM is an innovation-led approach to sustainable mining.
Alrosa’s April sales virtually stopped
By: Creamer Media Reporter 12th May 2020 Sales for the world’s largest diamond miner by volume, Alrosa, came to a near halt in April, with the company only selling $15.6-million in rough and polished diamonds in the month. This compares with sales of $152.8-million in March and $405-million in January this year. →
BlueRock expects diamond production at capacity by month end after lockdown
By: Marleny Arnoldi 11th May 2020 Aim-listed BlueRock Diamonds has advised that its expansion plans for the Kareevlei diamond mine, in the Kimberley region of South Africa, remain on hold. The mine is, however, expected to reach full operating capacity by the end of May. →
Rio institutes more testing at Diavik
By: Esmarie Iannucci 11th May 2020 Diversified major Rio Tinto has introduced Covid-19 testing at its Diavik diamond mine, in the Northwest Territories, in Canada, as an additional precautionary measure to protect employees and community members. The miner said over the weekend that not for profit public health experts GuardRX... →
Weak diamond prices push Lucara to first-quarter loss
By: Marleny Arnoldi 8th May 2020 TSX-listed Lucara Diamond Corporation has posted a net loss of $3.2-million, or $0.01 a share, for the quarter ended March 31. This compares with a net income of $7.4-million and earnings a share of $0.02 apiece reported for the quarter ended March 31, 2019. →
Free access to diamond course during Covid-19
By: Simone Liedtke 8th May 2020 In response to the Covid-19 pandemic, De Beers Group Institute of Diamonds, the diamond mining company’s education and training entity, is providing free access to its Diamond Foundation Course. The decision was taken to offer support and “play a small part” in helping those who are working from... →
Judgment reserved at Mining Charter review hearing
By: Martin Creamer 7th May 2020 A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the... →
Minerals Council South Africa building in central Johannesburg.
Alrosa suspends production at two operations
By: Creamer Media Reporter 5th May 2020 Russian diamond major Alrosa on Tuesday announced that it would temporarily suspend mining works at two operations, citing a decrease in demand and sales as major economics are struggling amid the Covid-19 pandemic. Mining will cease at the Aikhal underground mine will cease from May 15 to... →
Young Diamantaires platform launched
By: Marleny Arnoldi 4th May 2020 The World Federation of Diamond Bourses (WFDB) has launched its Young Diamantaires website at www.ydts.org. The website has been built by WFDB members for use by the members, and the federation plans on expanding its functionality. →
Rio Tinto invests $10m in Canada and US efforts to fight pandemic
By: Creamer Media Reporter 4th May 2020 Diversified mining company Rio Tinto is investing $10-million in a variety of grassroots projects across Canada and the US to support local community efforts to fight Covid-19. The group’s investment is targeted at practical solutions like funding the food banks or counselling and support... →
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.... →
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... →
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... →
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... →
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... →
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... →
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... →
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... →
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 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... →
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,... →
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. →
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... →
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