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Diamonds News

Secretive world of diamonds is in the grips of a buying frenzy 

By: Bloomberg     9th June 2021 At the latest De Beers diamond auction this week, buyers shopping for the kind of stones used to make an average engagement ring were in for a sticker shock: some prices had ballooned by 10% since the last sale. News of the unusually sharp increases spread swiftly through the community of 80-odd... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Lucara recovers 470 ct diamond at Karowe

By: Simone Liedtke     8th June 2021 Lucara Diamond has recovered a 470 ct top light brown clivage diamond from its wholly owned Karowe diamond mine, in Botswana. The 470 ct diamond was recovered in the coarse XRT circuit and represents the third diamond weighing more than 300 ct recovered to date this year. 

De Beers extends women empowerment initiative in drive for equality

By: Donna Slater     3rd June 2021 On International Women’s Day (March 8), diamond miner De Beers Group extended its global partnership with United Nations (UN) Women for a further five years, thereby joining the newly-formed HeForShe Alliance and committing the company to increasing representation of women in technical and... 

Gem Diamonds donates 20 000 Covid-19 vaccine doses to Lesotho

By: Tasneem Bulbulia     2nd June 2021 Miner Gem Diamonds’ subsidiary, Letšeng Diamonds, in Lesotho, has acquired 20 000 doses of the Johnson & Johnson Covid-19 vaccine. The doses have been donated to the government of Lesotho and will be distributed according to the guidelines set out in the government’s vaccine roll out plan. 

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Petra hosts sale process for near 40 ct blue diamond

By: Marleny Arnoldi     1st June 2021 London-listed Petra Diamonds has announced the final sale process for its 39.34 ct exceptional Type IIb blue diamond, which was recovered at the Cullinan mine, in South Africa. The company will showcase the diamond in Antwerp from June 15 to 18, in Dubai on June 22 and 23, in Hong Kong on June... 

Project house DRA applies for secondary inward JSE listing 

By: Martin Creamer     29th May 2021 The 37-year-old South Africa-rooted project house DRA Global has applied for a secondary inward listing on the JSE under the main board’s construction and materials, engineering and contracting services sector. The diversified engineering, project and operations management group – now... 

Pan African Resources’ Elikhulu...one of DRA's gold projects.
Pan African Resources’ Elikhulu...one of DRA's gold projects.

Diamcor proceeding with Krone Endora processing plant expansion

By: Simone Liedtke     27th May 2021 TSX-V-listed Diamcor Mining is proceeding with the expansion of processing facilities at its Krone Endora at Venetia project, in South Africa. The miner originally targeted the expansion for 2020; however, owing to the events surrounding the Covid-19 pandemic and associated public health... 

Anglo explores 3D printing to boost supply chain efficiencies, support local businesses

By: Donna Slater     27th May 2021 Diversified miner Anglo American has partnered with the South African Council for Scientific and Industrial Research (CSIR) and US-based technology company Ivaldi Group, to explore opportunities to digitally distribute spare parts for mining and processing equipment to be manufactured locally... 

South Africa may need to save indebted State firms, Finance Minister says

By: Bloomberg     27th May 2021 South Africa’s cash-strapped State companies may struggle to refinance their debts, requiring the government to provide support, Finance Minister Tito Mboweni said. The ten most-indebted State firms have an estimated R289.9-billion in loans maturing by the end of March 2025, Mboweni said in a... 

Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Lucapa buys Merlin, makes plans for a restart

By: Esmarie Iannucci     24th May 2021 Diamond miner Lucapa Diamonds has struck an A$8.5-million deal to acquire the Merlin diamond project, in the Northern Territory, announcing plans to raise A$23-million to fund both the acquisition of the project and its advancement. The Merlin project is home to Australia’s largest mined rough... 

Lucapa buys Merlin, makes plans for a restart

BlueRock secures £1.61m loan for Kareevlei expansion

By: Schalk Burger     21st May 2021 Aim-listed BlueRock Diamonds has agreed nonbinding heads of terms with investment company Teichmann Group to provide capital to deliver the expansion project at the Kareevlei mine, in the Kimberley region. A £1.61-million loan note was agreed with the intention that it will be replaced by a... 

Miner secures $220-million for expansion

21st May 2021 The facilities will include two tranches: a project finance facility of $170-million to fund the development of the underground project, and a working capital facility of $50-million to support the ongoing operation of the Karowe openpit mine. Financial close is subject to satisfactory completion... 

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Diamond jewellery demand in US, China robust; India's demand affected by Covid-19 wave

By: Creamer Media Reporter      19th May 2021 Diamond miner De Beers continues to see "robust" demand for diamond jewellery in the key US and China consumer markets, says CEO Bruce Cleaver. The scale of the second wave of Covid-19 infections in India, where the majority of the world’s diamonds are cut and polished, has, however, led to... 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

Last of the Argyle greats go on tender

By: Esmarie Iannucci     19th May 2021 Diversified miner Rio Tinto this week unveiled a preview of its final showcase of rare Argyle pink, red and blue diamonds from its iconic mine in the remote east Kimberley region of Western Australia. Mining at the Argyle mine stopped in November last year, after 37 years of operation.  

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Russia’s biggest cut diamond fetches $14.1m at Christie’s

By: Bloomberg     14th May 2021 A flawless 100.94-ct colorless diamond that’s considered to be the biggest polished gem from Russia sold for 12.84-million Swiss francs ($14.1-million) at Christie’s in Geneva. The Spectacle, which was cut from a rough stone discovered by Alrosa at an alluvial mine in Russia’s Far East in 2016,... 

Company announces emerald auction results

14th May 2021 Emerald miner Gemfields, which operates the Kagem emerald mine in Lufwanyama, Zambia, last month announced the results of an emerald auction comprising a series of five sequential mini auctions that were held between March 15 and April 17. The proceeds of this auction will be fully repatriated to... 

MAINTAINING CRITICAL OPERATIONS
Operations at Kagem mine, suspended for a year until March 2021, were expected to ramp back up to full scale by the end of April
Photo by Bloomberg
MAINTAINING CRITICAL OPERATIONS Operations at Kagem mine, suspended for a year until March 2021, were expected to ramp back up to full scale by the end of April

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Lulo delivers another large diamond

By: Esmarie Iannucci     13th May 2021 Diamond miner Lucapa has recovered a 138 ct diamond from Mining Block 46 at its Lulo operation, in Angola. The ASX-listed company on Thursday said that this was the seventh diamond of more than 100 ct to be recovered in 2021 so far, and the 24th stone of more than 100 ct to be recovered at Lulo... 

Petra agrees to settlement over human rights abuses claims

By: Tasneem Bulbulia     12th May 2021 A settlement has been agreed with diamond miner Petra Diamonds following claims of serious human rights abuses at its majority-owned Williamson diamond mine in Tanzania. Law firm Leigh Day has agreed the settlement on behalf of 71 claimants who allege that they suffered serious human rights... 

Williamson mine
Williamson mine

Strong demand for diamonds, rough and smooth, boosts Alrosa sales

By: Reuters     12th May 2021 Russia's Alrosa, the world's largest producer of rough diamonds, said on Wednesday its April sales of rough and polished stones rose by 12% month-on-month to $401-million after demand for diamond jewellery strengthened in the main markets. Global demand for precious stones has been recovering... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo American technical director Tony O'Neill
Anglo American technical director Tony O'Neill

Lucapa sells more diamonds

By: Esmarie Iannucci     11th May 2021 Diamond miner Lucapa Diamonds has sold a 4 000 ct parcel of diamonds, generating A$6.3-million in revenue. The sale excluded seven high value diamonds, including two pink diamonds, which have been put aside for later sale, the company said. 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire  

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Wits Mining Institute director Professor Fred Cawood
Colleagues wish Wits Mining Institute director Professor Fred Cawood farewell as he retires after serving 22 years in mining education

Gem recovers another large diamond at Letšeng

By: Creamer Media Reporter      10th May 2021 LSE-listed Gem Diamonds has recovered a high-quality 370 ct Type II white diamond from the Letšeng mine in Lesotho. This follows the company's announcement on May 4 of the recovery of a high-quality 254 ct Type II white diamond. 

Gem recovers another large diamond at Letšeng

Artisanal and small-scale mining workforce has tripled from 2001

By: Donna Slater     7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... 

Protest action across South Africa damaging country’s prospects for further investment, exploration 

By: Simone Liedtke     7th May 2021 The Minerals Council South Africa has condemned the “violence and thuggery” being experienced at various operations and in various communities across South Africa and has called on authorities – especially the South African Police Service – to “act swiftly and impartially” to ensure the safety of... 

Lucara reports higher first-quarter earnings

By: Creamer Media Reporter      7th May 2021 Canada-headquartered Lucara Diamond Corp achieved adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $22.2-million for the quarter ended March 31, compared with the Ebitda of $8.1-million reported for the quarter ended March 31, 2020. It earned net income of... 

New training centre for diamond mine

By: Darren Parker     7th May 2021 Diamond mining company De Beers Group – majority owned by diversified mining major Anglo American – is constructing a new training facility at its Venetia Diamond Mine, in Limpopo, to facilitate the transitional training of personnel for the Venetia Underground Project (VUP). The VUP is under way... 

MORRISON MASEKO The transition from openpit to underground demands a complete shift in mindset, as well as new skills
MORRISON MASEKO The transition from openpit to underground demands a complete shift in mindset, as well as new skills
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