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Diamonds News
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 →
Botswana begins first iron-ore mining project
By: Reuters 13th July 2021 Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation's heavy reliance on diamonds, which account for a fifth of the Botswana's GDP and more than two thirds of its... →
Petra sells 39.34 ct blue diamond for $40.1m
By: Simone Liedtke 13th July 2021 The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million. Mined from the Cullinan C-Cut, Petra said on July 13 that it adds to the famous... →
De Beers makes diamond buyers cough up with another price rise
By: Bloomberg 13th July 2021 De Beers raised prices for its rough diamonds yet again as the industry’s dramatic recovery this year shows little sign of slowing. The top producer increased prices by about 5% at its July sale taking place this week, with most of the rises focused around higher-quality stones, according to... →
Lucara signs $220m senior debt facilities to expand its Karowe mine
By: Tasneem Bulbulia 12th July 2021 Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs). The MLAs are African Export-Import Bank... →
BlueRock records strong second-quarter results
By: Tasneem Bulbulia 9th July 2021 Aim-listed BlueRock, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, processed 134 510 t for the second quarter, a 48% increase year-on-year. The company produced 5 442 ct for the period, and sold 5 106 ct, an increase of 117% and 112% year-on-year,... →
Botswana Diamonds, Yamkela Makupula, AngloGold Ashanti make headlines
9th July 2021 Mining Weekly Editor Martin Creamer unpacks Botswana Diamonds' maiden diamond resource; mining investor Yamkela Makupula’s alluvial diamond deal; and AngloGold Ashanti’s incoming CEO is positive that gold could be a refuge of choice in the coming years. →
Star Diamond objects to Rio Tinto joint venture meeting
By: Reuters 8th July 2021 Junior miner Star Diamond on Thursday said it objected to Rio Tinto's "predatory and coercive" actions after the global miner called a meeting for a joint venture the Canadian company says does not yet exist. The companies have been in a long-running dispute over development of Star Diamond's... →
Lucapa sets new revenue records
By: Esmarie Iannucci 8th July 2021 Diamond miner Lucapa has reported a strong first half of production for the 2021 calendar year, on the back of record volumes from both its Lulo and Mothae mines during the second quarter. The Lulo project, in Angola, recovered 6 551 ct of diamonds during the quarter ended June, up 123% on the... →
Britain's Firestone to sell Botswana diamond mine for $50 000
By: Reuters 8th July 2021 Britain's Firestone Diamonds has agreed to sell its Botswana mine to a local company for just $50 000, after previous attempts to offload the mine it valued at $10-million in 2014 fell through. Firestone put BK11 mine on care and maintenance in 2012, citing operational challenges and weak market... →
Explorer within striking distance of declaring maiden SA diamond resource
By: Martin Creamer 7th July 2021 After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and development company Botswana Diamonds is within striking distance of being able to declare its maiden diamond resource. “We’re not too far off declaring a major resource at Thorny... →
Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO
By: Martin Creamer 6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... →
From mine to wedding finger: Russian diamond track and trace
By: Bloomberg 6th July 2021 Russia’s Alrosa is offering diamond buyers a new laser-marking technology that will allow customers to trace rough stones and polished gems from the mine to the jewelry store. The company applies a so-called nano mark to the atomic structure of the diamond, replicating a process that occurs in... →
Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal
By: Martin Creamer 5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... →
Mining vital to economy, can help guide country's path – President
By: Martin Creamer 5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... →
Petra appoints three new nonexec directors
By: Tasneem Bulbulia 1st July 2021 Diamond miner Petra Diamonds has announced the appointment of three new nonexecutive directors, effective immediately. Deborah Gudgeon has been appointed independent nonexecutive director and chair-designate of the Audit & Risk Committee. →
Nonconforming diamond producers will be left behind, warns WDC
By: Marleny Arnoldi 28th June 2021 World Diamond Council (WDC) president Edward Asscher foresees that the diamond industry will soon have two distinct value chains, one encompassing responsibly sourced diamonds and one that does not. During the closing session of the 2021 Intersessional Meeting of the Kimberley Process (KP), he... →
Third Sodiam diamond auction nets nearly $57m in sales
By: Donna Slater 25th June 2021 Angolan State diamond marketing company Sodiam held its third rough diamond auction on June 24, selling $56.64-million worth of diamonds recovered at the Uari, Lulo, Catoca and Luele mines. Aside from a diversified pack of special diamonds, a batch of run-ofmine diamonds from Luele in the Luaxe... →
Lucara announces C$38m financing
By: Creamer Media Reporter 25th June 2021 Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine. The Vancouver-headquartered company will raise C$22-million on a bought-deal basis at C$0.75 a share and C$16-million in a concurrent private... →
De Beers earns $470m in rough diamond sales amid strong demand
By: Creamer Media Reporter 23rd June 2021 Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020. →
Botswana delivers another diamond larger than 1 000 ct
By: Chanel de Bruyn 22nd June 2021 Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the AK6 kimberlite since 2015. In recent years, Lucara had recovered the 1 758 ct Sewelô and the 1 109 ct... →
Rio Tinto seeks budget approval for Saskatchewan project – Star Diamonds
By: Mariaan Webb 22nd June 2021 Junior mining company Star Diamond, which is involved in a legal wrangle with Rio Tinto Canada over a Saskatchewan project, says it has received a notice from the bigger company calling a meeting to seek approval of a proposed budget for the Star-Orion South project. According to Star Diamond,... →
Diamond sector must meet consumers' demand for responsibly sourced diamonds, says WDC president
By: Marleny Arnoldi 21st June 2021 With the modern-day consumer demanding greater accountability and sustainability, the Kimberley Process (KP) must not be left behind, says World Diamond Council (WDC) president Edward Asscher. He spoke during the opening of the 2021 Intersessional Meeting of the KP, highlighting how consumers... →
Tsodilo set to advance Phase 2 of Botswana project following licence renewal
By: Simone Liedtke 21st June 2021 TSX-V-listed Tsodilo Resources has been granted a renewal of its prospecting licence, in Botswana, for an area which contains the company’s BK16 kimberlite project. The licence renewal was granted by the country’s Ministry of Mineral Resources, Green Technology and Energy Security, and is valid... →
KZN 'diamond rush' unearths only quartz crystals, officials say
By: Reuters 20th June 2021 Unidentified stones that lured thousands of fortune seekers to a rural South African village to mine the land with picks and shovels were not diamonds as hoped, officials said on Sunday, but quartz stones with relatively low, if any, value. People from across South Africa travelled to KwaHlathi... →
Junior diamond mining sector in trouble
By: Darren Parker 18th June 2021 The small and junior diamond mining industry in South Africa is in dire straits, says South African Diamond Producers Organisation (Sadpo) vice chairperson Lyndon de Meillon. “Over the past 16 years, we've lost about 90% of the companies involved in the sector and about 20 000 jobs. Covid-19 has... →
Diamond market’s sparkle returns
By: Darren Parker 18th June 2021 Diamond demand bounced back stronger than expected in the fourth quarter of 2020, says diamond producer De Beers senior sales manager for South Africa Richard Steenkamp. “Much of this recovery is attributed to the key holiday selling season for diamond jewellery, which outperformed the... →
Institute’s online courses fare well
By: Darren Parker 18th June 2021 Training organisation Corlia Roberts Institute of Diamonds has added a gold and precious metals course, as well as a second-hand and estate jewellery course, to its roster. The courses aim to assist working professionals in the diamond industry in honing new skills and applying expert knowledge... →
Botswana unearths world's third largest diamond
By: Reuters 16th June 2021 A 1 098 ct diamond believed to be the third-largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government. The stone was presented to President Mokgweetsi Masisi on Wednesday by Debswana Diamond... →
The 1 098 ct diamond recovered at Debswana's Jwaneng mine
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