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Diamonds News

Vast, Atlas Capital Markets continues making progress with funding

By: Simone Liedtke     18th December 2019 Aim-listed miner Vast Resources on Wednesday confirmed that progress continues to be made towards drawdown of tranche one of the binding documentation with Atlas Capital Markets. Both parties are said to be working together with the intent to effect the drawdown before December 31, 2019. 

Further signs of steady demand boost De Beers' tenth sales cycle

By: Simone Liedtke     18th December 2019 Anglo American has announced that the value of rough diamond sales for De Beers’ tenth cycle of 2019 amounted to $425-million. This is an improvement of $25-million on the ninth sales cycle, which saw De Beers rake in $400-million. 

Metso delivers high-performance equipment to De Beers’ Venetia diamond mine

By: Simone Liedtke     17th December 2019 Global industrial company Metso is set to deliver high-performance crushing and material handling equipment to global diamond miner De Beers Group’s Venetia mine, in Limpopo. The Venetia mine is reported to produce an output of about four-million carats, making it one of South Africa’s mineral... 

Petra names new chairperson to succeed Pouroulis

By: Creamer Media Reporter      17th December 2019 London-listed Petra Diamonds on Tuesday announced the appointment of mining engineer Peter Hill as nonexecutive director and chairperson to succeed founder and chairperson Adonis Pouroulis on March 31. Hill, currently chairperson of the world’s largest geotechnical contractor Keller Group and of... 

Lucapa reports more diamond sale revenue

By: Esmarie Iannucci     16th December 2019 Diamond miner Lucapa has generated a further A$9.3-million in revenues following its latest diamond tender. The Africa-focused miner on Monday said that 3 274 ct of diamonds from its Lulo mine, in Angola, was sold for gross proceeds of A$5-million, representing an average price per carat of A$1... 

Russia seeks to lift ban on ‘blood diamonds’ from African ally

By: Bloomberg     16th December 2019 Russia is proposing to move toward ending the ban on selling so-called blood diamonds from the Central African Republic, a former French colony that’s struck recent military and commercial ties with Moscow, amid resistance from the US and Europe. The CAR, which is mired in civil conflict, should... 

Russia seeks to lift ban on ‘blood diamonds’ from African ally

Mining output falls by 2.9% in October 

By: Marleny Arnoldi     12th December 2019 South Africa’s mining output declined by 2.9% in October, following a 0.6% year-on-year decrease in September. Nedbank says this was the third consecutive month of yearly contraction for the sector. 

Switzerland investigates metal trader over Congo-war allegations

By: Bloomberg     12th December 2019 Swiss prosecutors are investigating a trader of one of the world’s most sought-after-minerals over allegations he illegally dealt in metals during the Democratic Republic of Congo’s civil war. It’s the first time the Swiss authorities have confirmed the probe that began in March 2018. 

Petra Diamonds says mines operating at normal electricity load levels 

By: Reuters     12th December 2019 London-listed Petra Diamonds said on Thursday that its electricity use restrictions have been lifted by South Africa's State utility Eskom and its mines are operating at normal load levels. The company restarted its Cullinan, Finsch and Koffiefontein mines in South Africa on Tuesday, but added... 

South African mining revival threatened as power cuts take toll 

By: Bloomberg     12th December 2019 When South Africa’s State-owned utility announced record power cuts on Monday afternoon, Impala Platinum Holdings had two hours to hoist thousands of workers from 1 km deep shafts. The deepening crisis at debt-ridden Eskom Holdings shut down South Africa’s key mining industry for 24 hours,... 

South African mining revival threatened as power cuts take toll

First diamonds from Angola's new pipe to arrive mid-2020 - Alrosa

By: Reuters     11th December 2019 Angola's major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce one-million carats of diamonds worth $90-million in 2020, Russian diamond producer Alrosa said. Angola's state-controlled diamond miner Catoca and Alrosa found Luaxe's Luele pipe in 2013. Catoca has... 

De Beers’ Forevermark launches in Belgium

By: Marleny Arnoldi     11th December 2019 Diamond miner De Beers has launched its Forevermark jewellery brand in Belgium, through a partnership with jeweller Gautam Diamonds. Forevermark jewellery is now available in Gautam stores in the historic Grand Place/Grote Markt and Galerie de la Reine/Koninginnegalerij, as well as in three... 

De Beers’ Forevermark launches in Belgium

Mining companies resuming operations after Stage 6 load-shedding impact 

By: Marleny Arnoldi     11th December 2019 JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20%... 

Mining companies resuming operations after Stage 6 load-shedding impact

Diamond crisis to last another year

By: Bloomberg     11th December 2019 The glut that’s depressing the diamond market will last another year, according to industry consultant Bain & Co. The inventory backlog will probably be cleared in the beginning of 2020, but it will take some time for the market to fully recover, Bain said in a report released on Wednesday. Bank... 

Diamond crisis to last another year

DMRE’s promise of urgent action on power supply fails to include timelines

By: Terence Creamer     10th December 2019 The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon.... 

DMRE’s promise of urgent action on power supply fails to include timelines
Photo by Creamer Media's Dylan Slater
Mineral Resources and Energy Minister Gwede Mantashe

Load-shedding forces South African miners to halt work

By: Bloomberg     10th December 2019 South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy. Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local time, meaning it cut 6 000 MW from the... 

Load-shedding forces South African miners to halt work

Petra Diamonds halts South Africa mines after Eskom ups power cuts

By: Reuters     9th December 2019 Petra Diamonds said on Monday it was in the process halting operations at its Cullinan, Finsch and Koffiefontein mines in South Africa after State utility Eskom asked the miner to reduce its electricity load. Production, hoisting and processing have stopped with immediate effect and Petra... 

Petra Diamonds halts South Africa mines after Eskom ups power cuts
The Cullinan mine.

EHR buys Canadian diamond explorer

By: Esmarie Iannucci     6th December 2019 Multi commodity explorer EHR Resources has reached an agreement to acquire Canadian diamond company Nanuk Diamonds Inc, as part of its strategy to diversify into diamonds in North America. Nanuk holds 625 mineral claims in Northern Quebec covering 274 km2 and containing several occurrences of... 

Gem Diamonds optimistic about prices, tech developments

By: Marleny Arnoldi     4th December 2019 LSE-listed Gem Diamonds CEO Clifford Elphick looks forward to 2020 and is expecting to higher diamond demand and prices. In a video interview distributed by the diamond miner on Wednesday, Elphick said 2019 had been a tough year for the diamond mining industry globally, as evidenced by major... 

Gem Diamonds optimistic about prices, tech developments
Gem CEO Clifford Elphick

Minerals Council members largely compliant with 2010 Charter requirements 

By: Simone Liedtke     4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... 

Minerals Council members largely compliant with 2010 Charter requirements
Photo by Creamer Media
Minerals Council CEO Roger Baxter and public affairs and transformation senior executive Tebello Chabana

Grid power restored at Firestone’s Liqhobong diamond mine

By: Marleny Arnoldi     4th December 2019 Aim-listed Firestone Diamonds has confirmed that stable grid power had been restored at its Liqhobong diamond mine, in Lesotho, and that the mine was processing at full capacity. The Lesotho Electricity Company-owned Muela hydropower station was brought back into operation on December 1,... 

Diamond industry’s torrid year set to continue for some time

By: Bloomberg     2nd December 2019 The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets. There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and... 

Lucara to make underground mining decision in latter half of 2020 

By: Marleny Arnoldi     29th November 2019 North American-headquartered miner Lucara Diamond Corporation expects to recover between 370 000 ct and 410 000 ct of diamonds from its Karowe mine, in Botswana, in 2020. The company on Friday provided its operating guidance for next year.  

De Beers achieves zero cases of TB

By: Darren Parker     29th November 2019 Diamond mining major De Beers Group has not recorded any cases of tuberculosis (TB) among its permanent South African employees in 2019. South Africa’s overall TB infection figure is about 567 per 100 000 people, with the country’s mining industry at about 435 per 100 000 people according to the... 

De Beers achieves zero cases of TB
DR TSHEPO SEDIBE Screenings are performed four times a year

Angola warns cooperatives against compliance failures

By: Rebecca Campbell     29th November 2019 Semi-industrial and artisanal diamond mining cooperatives in Angola will lose their mining licences if they remain inactive for more than six months, Geology and Mines State Secretary Jânio Correia Victor warned recently. He was speaking in Luanda at the First Meeting on Semi-Industrial Diamond... 

Strides made in mine safety, but more should be done – DMRE official 

By: Tasneem Bulbulia     28th November 2019 Although strides have been made in reducing mine fatalities, occupational diseases and industry disasters, there is still work to be done in the mining industry’s quest for zero harm, speakers at the Anglo American Tripartite Health and Safety Initiative, said on Thursday. With the industry... 

Strides made in mine safety, but more should be done – DMRE official

Zimbabwe’s ZCDC plans debut international diamond sale in 2020

By: Bloomberg     28th November 2019 State-owned Zimbabwe Consolidated Diamond Co plans gem auctions outside the country, including in Asian cities, to widen marketing options amid a market glut that’s steadily made polished stones cheaper. The company must explore and penetrate the international market to boost sales volumes and... 

Zimbabwe’s ZCDC plans debut international diamond sale in 2020

Lucapa in talks to secure majority stake in Angola JV

By: Simone Liedtke     28th November 2019 ASX-listed Lucapa Diamonds has confirmed that it is in talks to potentially secure a majority stake in the Project Lulo joint venture (JV), which holds the primary kimberlite exploration licence for the 3 000 km2 Lulo diamond concession, in Angola. Discussions are currently under way with the... 

Botswana Diamonds, Vast sign new agreement over Zim diamond concession

By: Simone Liedtke     28th November 2019 Dual-listed diamond explorer Botswana Diamonds and Aim-listed Vast Resources have signed the terms of a new agreement in respect of their proposed joint venture (JV) in the Chiadzwa Marange area, in Zimbabwe. When the detailed agreement between Vast’s Katanga Mining subsidiary and Zimbabwe... 

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani

By: Martin Creamer     27th November 2019 South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved. Cutifani described South Africa as “a wonderful... 

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani
Photo by Creamer Media's Martin Creamer
Anglo American CEO Mark Cutifani

Zimbabwe miners appeal to Minister over power-supply failure

By: Bloomberg     26th November 2019 Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber of Mines wrote in a letter last... 

Diamond industry at ‘inflection point’ – DMCC report

By: Mariaan Webb     26th November 2019 The global diamond industry will require a new narrative and a rebranding to secure its future, a new report has warned. The Dubai Multi Commodities Centre (DMCC) states in its ‘Diamonds Changing Forever’ report that the global industry is at a “major inflection point”. 

Diamond industry at ‘inflection point’ – DMCC report

Anglo American joins ResponsibleSteel initiative 

By: Creamer Media Reporter      25th November 2019 Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme. ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel... 

KP plenary fails to reach consensus on strengthened scope  

By: Marleny Arnoldi     22nd November 2019 The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the end of the KP’s three-year reform and review... 

KP plenary fails to reach consensus on strengthened scope

Rio tenders pink diamonds

By: Esmarie Iannucci     22nd November 2019 Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia. The 2019 collection, the 35th tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine... 

‘Nesting doll’ diamond stays in Alrosa’s rare-find collection

By: Creamer Media Reporter      21st November 2019 The unusual “diamond in a diamond” that Russian miner Alrosa mined earlier this year, will not be put up for sale and will remain in the company’s collection of rare finds. The collection already includes a skull-shaped rough diamond and a football-shaped rough diamond that were mined in recent... 

‘Nesting doll’ diamond stays in Alrosa’s rare-find collection

Namdeb seeks tax breaks to extend operations

By: Reuters     21st November 2019 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023. Diamond mining is the largest taxpayer in Namibia and generates 20% of... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd
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