R/€ = 18.5479 Change: -0.1914
R/$ = 16.9960 Change: -0.0459
Au 1940.93 $/oz Change: -9.43
Pt $/oz Change:

Diamonds News

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Botswana Diamonds recovers 11 diamonds from Limpopo pipe

By: Tasneem Bulbulia     23rd March 2021 Diamond exploration company Botswana Diamonds has recovered 11 diamonds and abundant kimberlitic indicators from drill samples at the recently discovered River Kimberlite pipe at Thorny River in South Africa’s Limpopo province. Following a detailed ground geophysical programme in October 2020,... 

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling CEO Danie Pretorius.
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Resources increase at Lucapa's Lulo

By: Esmarie Iannucci     23rd March 2021 Diamond miner Lucapa has reported a 35% increase in the resource carats at its Lulo diamond mine, in Angola. The company said on Tuesday that the project is now estimated to host some 135 900 ct at a modeled average diamond value of $1 440/ct. This was up from the previous estimation of 100 700... 

Diamond mine’s 5 000 m drill programme under way

By: Mc'Kyla Nortje     19th March 2021 Drilling solutions provider Lesedi Drilling was appointed to explore the Kimberlite country rock contacts underground at a Limpopo-based diamond mine in January, with the programme scheduled for completion in the third quarter of 2022. A Boart Longyear LM90 electrohydraulic drill rig will be used... 

Kazera readies 242 ct for sale

By: Marleny Arnoldi     18th March 2021 Aim-listed investment company Kazera Global has reported that it final tally of sorted diamonds had increased to 242 ct from the 220 ct reported on February 23. Once this month’s production is sold, assuming an average price of $200/ct, it will take the company’s South African operation into... 

BlueRock recovers three large gem-quality diamonds at Kareevlei

By: Creamer Media Reporter      17th March 2021 Aim-listed BlueRock Diamonds has recovered three large gem-quality diamonds at its Kareevlei mine, in the Kimberley region of South Africa. The diamonds weigh 10.6 ct, 9.8 ct and 8.4 ct. 

Diamond, responsible jewellery councils ink partnership agreement

By: Simone Liedtke     16th March 2021 The World Diamond Council (WDC) and the Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct, which will help increase knowledge-sharing, pilot new initiatives and increase the positive impact they both make on the lives and... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Dividend-paying Gem Diamonds working on technologies to reduce diamond damage  

By: Martin Creamer     11th March 2021 Diamond mining and marketing company Gem Diamonds is advancing innovative technologies that reduce diamond damage by ejecting rock non-mechanically and being able to see diamonds in a certain size of rock, Gem CEO Clifford Elphick said on Thursday when the London-listed company reported positive... 

Gem CEO Clifford Elphick
Gem Diamonds results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Petra Diamonds completes restructuring

By: Simone Liedtke     10th March 2021 Diamond miner Petra Diamonds has completed the company’s recapitalisation programme. Initially announced in October 2020, the recapitalisation, or restructuring, of the London-listed miner will see the partial reinstatement of its notes debt and the contribution by the holders of existing notes... 

De Beers' sales rise on positive consumer demand for diamond jewellery

By: Creamer Media Reporter      10th March 2021 Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery. The value of diamonds sold in the second quarter increased to $550-million, from $362-million in the second sales cycle of 2019. 

Namibia’s marine diamond miner’s production hit by COVID-19, drops 13% in 2020

By: Reuters     9th March 2021 Debmarine Namibia, a subsidiary of Anglo American's diamond unit De Beers, on Monday reported a 13% drop in production to 1.125-million carats last year as demand slumped during the Covid-19 pandemic. Namibia has the richest known marine diamond deposits in the world, and is among the top 10... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Fasken panel that discussed hydrogen.
Photo by Creamer Media
Fasken panel that discussed hydrogen.

Petra sells 299 ct diamond for $12.18m

By: Creamer Media Reporter      5th March 2021 London-listed Petra Diamonds in January sold the 299.3 ct diamond recovered at the Cullinan diamond mine, in South Africa, to Stargems DMCC for $12.18-million. The exceptional Type 11a white gem-quality diamond adds to the most famous diamonds that have originated from the historic Cullinan mine.... 

Tsodilo gets green light to list on OTCQB

By: Donna Slater     4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... 

Golder to lead closure of Ontario’s first and only diamond mine

By: Creamer Media Reporter      4th March 2021 Global miner De Beers has appointed Golder as the prime contractor to carry out the closure of the Victor mine – Ontario’s first and only diamond mine which operated from 2008 through 2019. Golder was selected to carry out the remaining closure activities, including demolition of the remaining... 

Namibia moves to curb mining speculators, boost local ownership

By: Reuters     3rd March 2021 Diamond and uranium producer Namibia said on Wednesday that locals who own mineral exploration licences will no longer be able to sell out to foreigners, in a move aimed at curtailing speculation in the sector. Mines and Energy Minister Tom Alweendo told Reuters that effective April 1, Namibian... 

Rockwell shareholders give thumbs up for Bristco merger

By: Marleny Arnoldi     3rd March 2021 JSE-listed Rockwell Diamonds has received the support of its shareholders for the proposed acquisition by and amalgamation with a British Columbia incorporated company owned by Mark Bristow, called Bristco. Bristow, who is also a director of Rockwell and CEO of Barrick Gold Corporation, will... 

Angola seeks to boost diamond output, negotiating with major players

By: Reuters     3rd March 2021 Angola plans to boost diamond mining and open a new large mine in the east, aiming to produce 5.7-million carats there in 2023, or more than half of its total output last year, Mineral Resources and Petroleum minister Diamantino Azevedo said. In an interview with Reuters, he also said the... 

Alrosa reports 49% fall in profit

By: Reuters     2nd March 2021 Russian State-controlled diamond producer Alrosa on Tuesday reported a 49% fall in 2020 net profit to 32.2-billion roubles ($432-million) on lower sales and a weaker rouble. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, said output fell by 22%... 

Alrosa reports 49% fall in profit

Gahcho Kué workers return to site after Covid suspension

By: Mariaan Webb     1st March 2021 Toronto-listed Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19. CEO Stuart Brown said on Friday that plans to mitigate the loss of production were being... 

 Gahcho Kué workers return to site after Covid suspension

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Botswana's Debswana expects to increase diamond output by 38% in 2021 

By: Reuters     26th February 2021 Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and... 

Lucapa recovers another 100ct diamond

By: Esmarie Iannucci     26th February 2021 ASX-listed diamond miner Lucapa Diamond Company has recovered a its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Friday announced the recovery of a 114 ct Type IIa D-colour white diamond from Mining Block 46, marking the third stone of over 100 ct to... 

Anglo achieves resilient performance in a tough year 

By: Simone Liedtke     25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... 

Mark Cutifani
Anglo American CEO Mark Cutifani gives more insight into the effect of the Covid-19 pandemic and the company's full year results for 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Petra to start implementing restructure

By: Marleny Arnoldi     24th February 2021 London-listed Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring. The company expects the restructuring's effective date to be March 10.  

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Alrosa relaunches plant earlier than planned

By: Creamer Media Reporter      24th February 2021 As conditions in the global diamond market improve, Russian major Alrosa has decided to relaunch the processing plant of its Lomonosov mining and processing division, Severalmaz, on March 1. This is a month earlier than previously planned. The plant is set to process three-million tons of ore... 

215 ct diamond recovered at Mothae

By: Esmarie Iannucci     24th February 2021 Diamond miner Lucapa has recovered a 215 ct diamond from its Mothae mine, in Lesotho. The stone is the largest type IIa D-colour white diamond, and the second of more than 200 ct to be recovered at the 1.1-million tonne a year Mothae plant since commercial diamond mining operations started in 2019. 

Strong price recovery continuing into 2021, says Lucara

By: Mariaan Webb     23rd February 2021 Canada-headquartered Lucara Diamond Corp said on Monday that the strong price recovery of the fourth quarter has continued into 2021, and a stable, positive price environment was forecast for the year. Following an incredibly challenging year in 2020, the diamond industry began 2021 with a... 

Processing at dusk at the Karowe diamond mine, in Botswana.
Processing at dusk at the Karowe diamond mine, in Botswana.

De Beers hikes diamond prices again as revival keeps going

By: Bloomberg     22nd February 2021 De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace. The world’s biggest diamond producer raised prices by about 4% at its second sale of the year, according to people familiar with the situation who asked not to be... 

De Beers hikes diamond prices again as revival keeps going

Resources Watch  

17th February 2021 This week: Vision Blue helping world to achieve green dream with high-return prospects for investors; Alluvial diamond miners outline way to save fast-shrinking industry; And, Generator supplier completing two orders 

Resources Watch
Resources Watch

Petra sees diamond prices starting to normalise, maintains guidance suspension

By: Marleny Arnoldi     16th February 2021 London-listed Petra Diamonds has advised that its production guidance for the 2021 financial year remains suspended owing to the uncertain impact of the ongoing Covid-19 pandemic. The company has confirmed, however, that diamond pricing on a like-for-like basis had returned to... 

Petra Diamonds' Letlapa Tala Collection
Petra Diamonds' Letlapa Tala Collection

BOD enters cooperation agreement to fast-track Botswana diamond exploration

By: Tasneem Bulbulia     16th February 2021 Dual-listed Botswana Diamonds (BOD) has entered into a cooperation agreement with diamond exploration company Diamexstrat Botswana (DESB), which in turn has an alliance agreement with ASX-listed Burgundy Diamond Mines, to fund exploration at BOD’s licences in Botswana. BOD’s prospecting assets... 

Diamcor notes rise in rough diamond demand

By: Donna Slater     12th February 2021 TSX-listed diamond miner Diamcor Mining reports that 2 028.33 ct of rough diamonds recovered from the processing of quarry material at its Krone-Endora at Venetia mine, in South Africa, were tendered and sold during the company’s second tender and sale of rough diamonds in Dubai during the first... 

Sadpo, Vision Blue, PetroSA make headlines   

12th February 2021 Mining Weekly Editor Martin Creamer unpacks the South African Diamond Producers Organisation's ideas to save the industry, Vision Blue’s high-return prospects for investors and how green hydrogen and powerfuels could revive PetroSA and create a 160-billion euro export platform.   

Sadpo, Vision Blue, PetroSA make headlines
Sadpo, Vision Blue, PetroSA make headlines

Alluvial diamond miners outline way to save fast-shrinking industry  

By: Martin Creamer     11th February 2021 The number of alluvial diamond operators is decreasing at an alarming rate. In 2004, there were 2 000 small diamond-mining companies, which employed close to 25 000 people, and now there are only about 200 operators employing only 5 000 people – a 90% decline. 

South African Diamond Producers Organisation national executive committee member Amo Marengwa
The South African Diamond Producers Organisation is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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