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Diamonds News

Video: Minerals Council no longer just the voice of the mining majors 

By: Creamer Media Reporter      6th February 2020 The Minerals Council South Africa is no longer just the voice of the mining majors, Grant Mitchell, who heads up the council's Junior and Emerging Miners Desk pointed out in a briefing at the 2020 Investing in African Mining Indaba, this week. He highlighted that 40% of the Minerals Council's... 

Video: Venkat, Bristow enourage miners, govts to take a long-term view 

By: Creamer Media Reporter      6th February 2020 Mining companies and host governments have been urged to take a long-term view when investing in the natural resources sector in Africa. In a panel discussion on why investors should consider investing in Africa, Vedanta Resources CEO Srinivasan Venkatakrishnan (Venkat) highlighted the... 

Video: Venkat, Bristow enourage miners, govts to take a long-term view
Mining executives discuss the benefits of investing in Africa's mining sector and the impediments holding back the success of projects. Video and editing: Nicholas Boyd.

Lucara recovers 549 ct diamond at Karowe

By: Creamer Media Reporter      6th February 2020 Diamond miner Lucara Diamond Corporation has recovered an unbroken 549 ct white diamond "of exceptional purity" from its Karowe mine, in Botswana. The diamond was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. This follows the recent recovery of a... 

Lucara recovers 549 ct diamond at Karowe

Coronavirus drives Alrosa to shift diamond sales from Hong Kong

By: Reuters     5th February 2020 Russia's Alrosa, the world's largest diamond mining company, will hold its March auctions in Moscow and Israel after Hong Kong postponed two jewellery shows because of the coronavirus outbreak, the company said on Wednesday. Demand for diamonds in China, the world's second-largest market after... 

Gem recovers 183 ct diamond from Letšeng

By: Tasneem Bulbulia     4th February 2020 LSE-listed Gem Diamonds has recovered an exceptional 183 ct white Type IIa diamond from the Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. It has also recovered two other significant high-quality diamonds, weighing 89 ct and 70 ct. 

Anglo’s Cutifani stresses the need for sustainable mining  

By: Simone Liedtke     3rd February 2020 Despite mining’s contribution to almost every aspect of modern life, the industry is still seen as an industry “that takes more than it gives”, Anglo American CEO Mark Cutifani lamented in his keynote address at this year’s Investing in African Mining Indaba, which is taking place in Cape Town,... 

Anglo’s Cutifani stresses the need for sustainable mining
Anglo American CEO Mark Cutifani delivers his keynote address to delegates attending this year's Investing in Africa Mining Indaba. Source: Anglo American.

Urgent steps needed to revive South Africa’s economy – Minerals Council  

By: Martin Creamer     3rd February 2020 Urgent steps are needed to revive the South African economy, Minerals Council South Africa chairperson Mxolisi Mgojo said on Monday. Speaking on the first day of the four-day Investing in African Mining Indaba, he said the Minerals Council was ready and willing to work with the government. 

Urgent steps needed to revive South Africa’s economy – Minerals Council
Minerals Council chairperson Mxolisi Mgojo discusses low investor confidence in South Africa, while CEO Roger Baxter warns about the deterioration in security in the South African mining industry and how this is impacting on the sector and the economy. Video and editing: Creamer Media's Nicholas Boyd.

WDC calls for comment on its SoW toolkit, which assists with compliance

By: Marleny Arnoldi     31st January 2020 The World Diamond Council (WDC) is asking stakeholders to review its System of Warranties (SoW) Toolkit, following its unanimous adoption as a working draft by the WDC board of directors and members. Stakeholders have until March 31 to submit comments to WDC.  

WDC calls for comment on its SoW toolkit, which assists with compliance

Sylvania achieves record interim production, expects further improvements

By: Marleny Arnoldi     31st January 2020 Aim-listed Sylvania Platinum reached a new record interim production of 40 003 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs) for the six months ended December 31, despite power disruptions and downtime during the last quarter of the interim period.  The company’s... 

Russia's Yakutia governor says Alrosa's flooded mine will be re-opened

By: Reuters     29th January 2020 The world's biggest diamond producing company, Russia's Alrosa, will restart production at Mir, a mine in the Yakutia region of the far east, shut since a deadly 2017 flood, the region's governor Aysen Nikolaev said in an interview. Yakutia, the world's biggest province by area, comprising half... 

De Beers' rough diamond sales increase in first sight of this year 

By: Creamer Media Reporter      29th January 2020 Diamond miner De Beers' rough diamond sales increased to $545-million for the first sales cycle of this year. This was higher than the $426-million in sales recorded for the tenth sales cycle of 2019, as well as the $500-million in sales recorded for the first sales cycle of 2019. 

De Beers' rough diamond sales increase in first sight of this year

Lucapa inks polishing deal at Lulo  

By: Esmarie Iannucci     29th January 2020 Diamond miner Lucapa has entered into a cutting and polishing agreement with leading diamond manufacturing group Safdico International over its Lulo alluvial mine, in Angola. As a preferred buyer, Safdico could purchase up to 60% of Lulo’s yearly alluvial rough diamond production, as permitted... 

Lucapa inks polishing deal at Lulo

Botswana Diamonds raises £250 000 for exploration

By: Marleny Arnoldi     28th January 2020 Aim-listed Botswana Diamonds has undertaken a placing with existing and new investors to raise £250 000 to fund exploration activities in Botswana, Zimbabwe and South Africa. The company will issue about 41-million new ordinary shares, at a placing price of 0.6p apiece.  

Minerals Council creates voice for small surface miners

By: Marleny Arnoldi     28th January 2020 The Minerals Council South Africa has established the Associations Leadership Forum to serve the needs of the council’s association members. These members include the Aggregate and Sand Producers Association of Southern Africa, the Clay Brick Association and the South African Diamonds Producers... 

Petra expects higher diamond prices, production in six months to June 30 

By: Marleny Arnoldi     27th January 2020 London-listed Petra Diamonds expects to report production of 2.07-million carats of diamonds for the six months ended December 31. In a trading update published on Monday, ahead of the release of its interim results on February 17, the miner noted that production for the six months had been... 

Petra expects higher diamond prices, production in six months to June 30
Photo by Creamer Media
Petra Diamonds CEO Richard Duffy

Mountain Province: Mine closures will help balance market

By: Mariaan Webb     24th January 2020 Sentiment in the rough diamond market was “slightly more optimistic” towards the end of 2019 and has remained “relatively positive” as the market prepares for the first selling cycle of 2020, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in... 

Mountain Province: Mine closures will help balance market
The Gahcho Kue mine in Canada's Northwest Territories

Indaba continues to drive investment opportunities

By: Tracy Hancock     24th January 2020 Investment in South African exploration has been lean of late, with numerous factors contributing to this reality, including the state of the economy and the ability to secure seed funding, says Investing in African Mining Indaba head of content Tom Quinn, of UK event organiser Hyve Group. “We... 

Indaba continues to drive investment opportunities
ROGER BAXTER Hyve brainstormed with the Minerals Council South Africa CEO how to include the topic of investing in South African exploration

Investors await cue from S African govt

By: Tracy Hancock     24th January 2020 Investors are wary of the South African mining industry, says Minerals Council South Africa CEO Roger Baxter, who will speak at this year’s Investing in African Mining Indaba, in Cape Town. “They are not only seeking certainty in respect of legislation and regulation, such as Mining Charter III... 

Investors await cue  from S African govt
INVESTMENT GROWTH PLAUSIBLE If South Africa can get back on the map as part of the top 25% of mining investment destinations, the country could significantly grow investment by about 60%

Anglo American delivers on 2019 production targets

By: Tasneem Bulbulia     23rd January 2020 Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth... 

Anglo American delivers on 2019 production targets
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Shareholder in Russia's Alrosa proposes selling up to $1bn of diamonds to Gokhran - Ifax

By: Reuters     21st January 2020 The government of Russia's Yakutia region, which has a stake in diamond producer Alrosa, has proposed the company sell rough diamonds worth $0.5-billion to $1-billion to the precious metals and gems repository Gokhran in 2020, Interfax news agency reported. Diamond miners are battling falling... 

BlueRock posts maiden profit

By: Simone Liedtke     21st January 2020 Aim-listed BlueRock Diamonds turned a profit for the first time during the second half of the 2019 financial year, the success of which was based the diamond producer having sold 12 675 ct of diamonds for the year, marking an increase of 118% over the year before. While grades and prices per cart... 

GemFair can positively transform ASM sector, says De Beers

By: Simone Liedtke     21st January 2020 The artisanal and small-scale mining (ASM) sector is in need of formalisation in order to establish itself as a legitimate source of diamond supply; however, faced with complex mining ecosystems and operating conditions that are vastly different from the large-scale diamond mining sector, De... 

Next decade set to be a serious transition period for mining – report 

By: Simone Liedtke     21st January 2020 The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its... 

Next decade set to be a serious transition period for mining – report

Alrosa starts deep-level drilling at mine that flooded in 2017

By: Mariaan Webb     21st January 2020 Russian diamond major Alrosa has announced that it has started test drilling at the Mir kimberlite pipe, which was partly flooded in 2017, leading to the death of eight workers. The test drilling forms part of its strategic investment plan to study the feasibility of resuming production at the... 

Alrosa starts deep-level drilling at mine that flooded in 2017

Sierra Leone President confirmed to attend 2020 Mining Indaba

By: Simone Liedtke     20th January 2020 Sierra Leone President Julius Maada Wonie Bio will attend the 2020 iteration of the Investing in African Mining Indaba, which takes place in Cape Town from February 3 to 6. Bio was elected as the fifth President of Sierra Leone in May 2018 and is popularly referred to as the “Father of Democracy”... 

The elite De Beers diamond buyers club may get even smaller

By: Bloomberg     17th January 2020 De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers – a supposedly elite group that are now struggling to turn a profit. De Beers has signaled to its handpicked buyers that it may significantly reduce their number, possibly by the most since... 

The elite De Beers diamond buyers club may get even smaller

Lucara finds partners to cut, polish diamonds from 1 758 ct Sewelô

By: Simone Liedtke     16th January 2020 Diamond miner Lucara Diamond has entered into a collaboration with famous luxury house Louis Vuitton and diamond manufacturer HB Company to manufacture its historic 1 758 ct Sewelô diamond that was recovered from Lucara’s Karowe diamond mine, in Botswana, in April last year. The purpose of the... 

Dubai commodity authority inaugurates second high-security, luxury vault

By: Simone Liedtke     15th January 2020 The Dubai Multi Commodities Centre (DMCC) has inaugurated state-of-the-art luxury vault and safe deposit facility, the 818 Vault, in the Jumeirah Lakes Towers (JLT), in Dubai. Officially opened on Wednesday, the high-security vault adds to DMCC’s trade and business ecosystem that provides... 

Dubai commodity authority inaugurates second high-security, luxury vault

Lucapa's polishing strategy delivers results  

By: Esmarie Iannucci     14th January 2020 Diamond miner Lucapa’s polishing strategy has achieved its first diamonds from a cutting and polishing partnership. The ASX-listed company on Tuesday reported that a 36 ct rough diamond recovered from the Mothae mine, in Lesotho, was manufactured into six polished D-colour diamonds under a... 

Forevermark unveils first boutique in China

By: Simone Liedtke     10th January 2020 De Beers Group’s diamond brand, Forevermark, unveiled the first boutique in its Next Generation Retail Concept, located within jewellery department store Caibai, in Beijing, China. The newly renovated 100 m2 boutique breaks away from the traditional across-the-counter service, inviting consumers... 

Carnegie Institution seeks cut of rising lab-grown diamond sales

By: Bloomberg     10th January 2020 The Carnegie Institution of Washington, which has been doing scientific research for more than a century, filed lawsuits in New York alleging its patents for growing diamonds in a lab are being infringed by some top makers of such gem stones. The institute filed three complaints Thursday in... 

Angola's Lulo delivers 117 ct diamond

By: Esmarie Iannucci     9th January 2020 Diamond miner Lucapa Diamond Company has recovered a 117 ct diamond from its Lulo alluvial mine, in Angola. The ASX-listed company on Thursday said that the gem-quality diamond was the 14th stone of more than 100 ct to be recovered at Lulo to date, and the first for 2020.  

WFDB pays tribute to former executive committee member Oulin

By: Simone Liedtke     8th January 2020 The World Federation of Diamond Bourses (WFDB) is mourning the passing of Sergey Oulin, who died on December 31, at the age of 69. WFDB president Ernie Blom has, on behalf of the organisation, expressed sadness at the loss of Oulin, who was the president of the Diamond Chamber of Russia and a... 

Stellar quarter pushes Lucapa to record year

By: Esmarie Iannucci     6th January 2020 Diamond miner Lucapa Diamond Company has reported record production for the three months to December, with 14 007 ct recovered during the quarter. The Mothae operation, in Lesotho, produced 9 837 ct during the quarter, while the Lulo mine, in Angola, produced a further 4 170 ct. 

Ellendale re-opening a step closer

By: Esmarie Iannucci     19th December 2019 Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area. The Minister has also invited India Bore Diamond... 

Anglo firms up technology advance with space boffins 

By: Martin Creamer     19th December 2019 Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry. First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American... 

Anglo firms up technology advance with space boffins
Photo by First Mode
Hydrogen and fuel cell haulage

Lucara beats sales guidance on stronger prices 

By: Mariaan Webb     19th December 2019 Canadian company Lucara Diamond Corp, which operates the Karowe mine, in Botswana, has had stronger-than-expected finish to the year, with the final tender "reflecting a more stabilised market environment". Lucara generated sales proceeds of $52.9-million in the final tender held on December 12,... 

Lucara beats sales guidance on stronger prices
Lucara CEO Eira Thomas

Three companies launch WeChat programme for blockchain-enabled diamonds

By: Simone Liedtke     18th December 2019 Diamond miner Alrosa, Chinese multinational Tencent and independent technology company Everledger have launched a new WeChat Mini Program e-commerce solution to Chinese retailers. This demonstrates the power of blockchain technology to seamless enable the purchase with full transparency of their... 

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