https://www.miningweekly.com
R/€ = 17.48 Change: 0.05
R/$ = 14.92 Change: 0.02
Au 1750.56 $/oz Change: -3.73
Pt 987.00 $/oz Change: 3.75
 

Diamonds News

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.
Photo by Veronica Creamer
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.  

Alrosa achieves good first-quarter sales, maintains diamond output guidance

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... 

Stornoway's Renard mine will remain shut.
Stornoway's Renard mine will remain shut.

Lockdown extension won't significantly impact on BlueRock’s strategy

By: Donna Slater     14th April 2020 Aim-listed diamond producer BlueRock Diamonds, which owns the Kareevlei mine, in Kimberley, in the Northern Cape, says the two-week extension of South Africa's national lockdown to April 30 will not have a significant impact on its strategy.   Executive chairperson Mike Houston says the lockdown... 

Alrosa ends some long-term deals as March diamond sales plunge

By: Bloomberg     13th April 2020 Alrosa, Russia’s largest diamond producer, ended some long-term deals with customers as sales in March collapsed to half the level of a year ago because of the coronavirus pandemic. “We would like to thank those of our customers who stick to our long-term contracts though with several companies... 

IoT assists with challenges in mining operations

By: Mc'Kyla Nortje     10th April 2020 Every mining environment poses different challenges, but mining houses tend to prioritise the enhancement of mine health and safety procedures, and technology service provider In2IT Technologies CTO Vishal Barapatre notes that the Internet of Things (IoT) is “a top choice” in this regard. He... 

VISHAL BARAPATRE Mining safety is also about better business and creating a smarter mining sector that will continue to support South African growth
VISHAL BARAPATRE Mining safety is also about better business and creating a smarter mining sector that will continue to support South African growth

Too early to comment on when mining will resume – Minerals Council

By: Martin Creamer     9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... 

Petra sells only a portion of its South African goods, delays Q3 results

By: Simone Liedtke     9th April 2020 Following a “depressed and opportunistic” time for its diamonds at its fifth sales cycle of this year, LSE-listed Petra Diamonds has chosen to only sell a portion of its South African goods, representing about 75% by volume, and about 50% by value. The remaining goods were exported to Antwerp and... 

Richard Duffy
Photo by Creamer Media
Richard Duffy

De Beers contributes $2.5m virus funding to Botswana, Namibia  

By: Martin Creamer     7th April 2020 Diamond mining and marketing corporation, the De Beers Group, on Tuesday announced that it would contribute $2 500 000 across Botswana and Namibia to aid the response to the Covid-19 crisis. De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting... 

De Beers Group CEO Bruce Cleaver
De Beers Group CEO Bruce Cleaver

BlueRock increases Q1 diamond sales, uncertain of Covid-19 impact

By: Natasha Odendaal     7th April 2020 Aim-listed listed diamond producer BlueRock Diamonds’ good performance during the first quarter of 2020 has been overshadowed by the ongoing Covid-19 pandemic which has halted operations. The group, which owns and operates the Kareevlei diamond mine, in Kimberley, sold 3 267 ct during the first... 

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Gem concludes flexible tender sales process

By: Tasneem Bulbulia     6th April 2020 LSE-listed Gem Diamonds’ second round of the flexible tender sales process has been concluded and raised a further $6.7-million for a selection of  large, high-quality diamonds recovered at its Letšeng mine, in Lesotho. The company achieved an average value of $1 615 /ct for the first quarter of... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need  

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Mark Cutifani
Photo by Bloomberg
Mark Cutifani

Bespoke approach required to mitigate African challenges

By: Theresa Bhowan     3rd April 2020 Maximising available resources and optimising plant efficiency while minimising environmental impact is just one of the challenges that wet processing equipment manufacturer CDE continues to address.  

WAYNE WARREN 
Sub-Saharan Africa requires an understanding that each country has its unique challenges and advantages
WAYNE WARREN Sub-Saharan Africa requires an understanding that each country has its unique challenges and advantages

De Beers CFO resigns

By: Marleny Arnoldi     2nd April 2020 Nimesh Patel will step down as CFO of diamond miner De Beers, effective July 26. Patel has resigned to join Spirax-Sarco Engineering as its CFO. Patel joined Anglo American – parent company of De Beers – in 2012 as group head of corporate finance before moving to De Beers Group to take up the... 

Outgoing De Beers CFO Nimesh Patel
Outgoing De Beers CFO Nimesh Patel

Vast community JV delayed by Covid-19 lockdown

By: Tasneem Bulbulia     1st April 2020 Aim-listed Vast Resources has noted that all internal processes leading to the conclusion to the Chiadzwa Community Joint Venture (JV), which were expected to be finalised during March, have not completed during the month. This is owing to the Zimbabwe government having declared a 21-day lockdown... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Sim Tshabalala
Sim Tshabalala

Lucara takes steps to protect employees against Covid-19

By: Tasneem Bulbulia     1st April 2020 Diamond producer Lucara Diamond Corporation has implemented a crisis management strategy to protect the health and wellbeing of its employees in Botswana and Canada amid the Covid-19 pandemic. Lucara's 100%-owned Karowe mine, in north central Botswana, remains fully operational under new measures... 

Botswana Diamonds awarded new prospecting licences

By: Tasneem Bulbulia     1st April 2020 Dual-listed Botswana Diamonds’ wholly-owned subsidiary, Sunland Minerals, has been awarded six new prospecting licences by the Botswana government. The licence tenure is for a period of three years until March 31, 2023. 

Gem successfully hosts first flexible tender sales process

By: Marleny Arnoldi     1st April 2020 London-listed Gem Diamonds has raised $12.1-million during the first round of its Letšeng flexible tender sales process on March 26. The Lesotho-focused miner in March launched the flexible tender sales process, following a large tender that had to be cancelled owing to travel and other... 

Gem successfully hosts first flexible tender sales process

Pouroulis steps down as Petra chair

By: Donna Slater     31st March 2020 Diamond miner Petra Diamonds reports that Peter Hill will succeed founder Adonis Pouroulis as nonexecutive chairperson as of March 31. The miner previously noted in its interim results on February 17 that additional board changes would also take place this calendar year. These include... 

Diamcor suspends tenders, focuses on cost-saving during lockdown

By: Marleny Arnoldi     30th March 2020 TSX-V-listed Diamcor Mining has made several short-term operational changes in response to the events unfolding owing to the Covid-19 crisis that is occurring globally. The company has suspended its activities in South Africa, placing its Krone-Endora at Venetia surface mining operation,... 

Diamcor CEO Dean Taylor
Diamcor CEO Dean Taylor

De Beers cancels third rough diamond sales cycle 

By: Simone Liedtke     30th March 2020 Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year. As a result, De Beers is enabling sightholders to defer 100% of their Sight 3 allocations to later... 

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi     27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... 

Petra Diamonds' Koffiefontein mine
Petra Diamonds' Koffiefontein mine

Anglo American cuts South African iron-ore, coal guidance 

By: Donna Slater     27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... 

Alrosa launches digital tender for sale of rough diamonds during Covid-19

By: Simone Liedtke     26th March 2020 Russian miner Alrosa has launched a digital tender for special size rough diamonds weighing more than 10.8 ct. The miner decided to cancel the upcoming special size auctions, simultaneously offering customers the opportunity to take part in a digital tender if they need rough diamonds. 

Gem Diamonds places Letšeng on care and maintenance

By: Simone Liedtke     26th March 2020 LSE-listed Gem Diamonds has, in line with the Lesotho government’s three-week lockdown to combat the spread of Covid-19, temporarily placed its Letšeng mine on care and maintenance. Lesotho’s national lockdown will start on March 29 and end on April 21. 

World Federation of Diamond Bourses to launch global trading platform soon

By: Marleny Arnoldi     26th March 2020 The World Federation of Diamond Bourses (WFDB) has created a World Federation Diamond Trading Platform to provide a secure and reliable source of trading amid uncertain times globally, while promoting trade and healthy competition in the diamond market. The cross-bourse trading platform will be... 

World Federation of Diamond Bourses to launch global trading platform soon

Botswana Diamonds continues to develop its portfolio

By: Simone Liedtke     25th March 2020 Dual-listed Botswana Diamonds continues to develop its portfolio of eight exploration projects across three sub-Saharan countries – Botswana, South Africa and Zimbabwe. In South Africa, drilling on the Marsfontein ground-intersected kimberlite continues, where a significant bulk sample of the... 

South African miners preparing for three-week lockdown 

By: Simone Liedtke     24th March 2020 Various South African mining companies have pledged their support for President Cyril Ramaphosa’s Covid-19 directives and range of measures in respect of mitigating the impact of the pandemic on South Africa’s economy. The pledges follow the President’s address to the nation on Monday evening,... 

President Cyril Ramaphosa
Photo by Creamer Media
President Cyril Ramaphosa

Lucapa reports polishing revenue

By: Esmarie Iannucci     24th March 2020 Diamond miner Lucapa is set to receive its first A$7-million in revenue from its cutting and polishing partnership at the Lulo mine, in Angola. The company on Tuesday said that the first A$2.6-million payment will make up Lulo’s share of cutting and polishing profits from diamond manufacturer... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19 

By: Marleny Arnoldi     20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

Necessity drives drill bit innovation

By: Darren Parker     20th March 2020 Drilling solutions provider Lesedi Drilling and Contract Mining, in collaboration with its subsidiary, drill bit supplier Thriftline, has developed a removable reaming shell for its diamond drill bits, which the company believes will significantly reduce drilling consumable expenses. The reaming... 

CORE VALUE 
Innovation is necessary for survival in the current sluggish economic environment
CORE VALUE Innovation is necessary for survival in the current sluggish economic environment

Autonomous drills improve safety for contract miner

By: Darren Parker     20th March 2020 JSE-listed Basil Read’s mining arm Basil Read Mining subsidiary Blasting and Excavating (B&E)has entered into a partnership with India- based original-equipment manufacturer (OEM) Revathi Equipment and other local partner Paramount Tracks to acquire several C650 autonomous drills. 

NATHAN WILLIAMS
The way forward is to embrace disruptive technologies in the mining industry
NATHAN WILLIAMS The way forward is to embrace disruptive technologies in the mining industry
11 12 13 14
15
16 17 18 19

Latest News

more

Latest Videos

more

Company Announcements

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close