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Diamonds News

Botswana Diamonds outlines near-term focus areas

By: Marleny Arnoldi     15th November 2019 Aim-listed Botswana Diamonds (BOD) on Friday shared details of its areas of focus and strategy for the near future. This includes the ramp-up of its South African Marsfontein operation, which produced its first diamonds from gravels and residual stockpiles, earlier this week. The company intends... 

Angolan diamond production, polishing capacity expanding

By: Rebecca Campbell     15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... 

Angolan diamond production, polishing capacity expanding

By: Rebecca Campbell     15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... 

Diamond jewellery sales rise in US as precious gem prices fall

By: Bloomberg     13th November 2019 Five years ago, the diamond industry’s biggest worry was being forgotten by millennials, who – the theory went – didn’t covet sparkly gems the way their parents had. The concern turned out to be mostly unfounded, but the reality is almost worse. While Americans are buying more diamond jewelry... 

Zimbabwe to enforce 'use it or lose it' policy for mining assets

By: Reuters     13th November 2019 Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday. Chitando said some investors had not developed gold and platinum assets that they had held dating back to... 

De Beers reports improved rough diamond buyer sentiment

By: Marleny Arnoldi     13th November 2019 Diamond miner De Beers’ rough diamond sales value for the ninth sales cycle of this year increased to $390-million, compared with the $297-million reported for the eighth sales cycle. Sales were, however, lower than the $442-million recorded for the ninth sales cycle of 2018.  

De Beers reports improved rough diamond buyer sentiment
De Beers CEO Bruce Cleaver

BOD recovers first diamonds from residual stockpiles at Marsfontein

By: Marleny Arnoldi     12th November 2019 London-listed Botswana Diamonds (BOD) has recovered the first diamonds from its plant commissioning activities at the Marsfontein mining permit. The company’s 40%-owned associate Vutomi Mining was last month granted a mining permit for the diamond-bearing gravels and residual unprocessed... 

In Kimberley, the world's diamond capital, illicit mining fight flounders 

By: Reuters     11th November 2019 The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade. The project was launched 18 months ago in Kimberley, the site of a nineteenth-century... 

In Kimberley, the world's diamond capital, illicit mining fight flounders

Vast appoints new FD

By: Creamer Media Reporter      11th November 2019 Aim-listed Vast Resources has appointed Paul Fletcher FD with immediate effect. He has been CFO of the company since February. 

Alrosa sees diamond pipeline heading towards a balance

By: Creamer Media Reporter      8th November 2019 The diamond pipeline appears to be heading towards a balance again, as the world’s major producers had reduced supply by a quarter since the beginning of the year, the CFO of Russian miner Alrosa said on Friday. Commenting on the company’s third-quarter and nine-month results, Alexey... 

Alrosa sees diamond pipeline heading towards a balance

KP plenary will be ‘watershed’ moment for the industry – council

By: Marleny Arnoldi     8th November 2019 Those involved in the build-up to the Kimberley Process (KP) plenary meeting to be held in New Delhi, India, later this month, are experiencing “whirlwind days”, the World Diamond Council (WDC) said in a blog post this week. The KP plenary meeting will open on November 18 and conclude on... 

New mine to uplift Angola’s diamond production

By: Rebecca Campbell     8th November 2019 Angola should produce 14-million carats of diamonds between now and 2022. This was reported by Empresa Nacional de Prospecção, Exploração, Lapidação e Comercialização de Diamantes de Angola (the National Company for the Prospecting, Mining, Polishing and Commercialisation of Diamonds of Angola –... 

Hamstrung Zimbabwe miners call to keep export earnings in dollars

By: Reuters     7th November 2019 Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars. President Emmerson Mnangagwa's government is pinning its hopes on the mining sector, which generates Zimbabwe's biggest... 

Anglo American says Eskom poses a major risk for investors 

By: Bloomberg     6th November 2019 South Africa’s beleaguered State power utility and regulatory uncertainty are the biggest risks for investors wanting to put their money in the country, according to Anglo American. The challenges presented by Eskom Holdings “probably represents our single most-important risk we deal with,” Anglo... 

Lower diamond prices a concern for Gem; Letšeng mining lease renewed 

By: Simone Liedtke     5th November 2019 The Lesotho government has renewed the mining lease for LSE-listed Gem Diamonds’ Letšeng mine, CEO Clifford Elphick confirmed on Tuesday. The terms of the renewed mining lease were agreed with the Lesotho Mining Board following a statutory negotiation process. The lease was renewed for an... 

Feasibility study proves benefits of Karowe underground expansion 

By: Simone Liedtke     5th November 2019 The underground expansion at diamond miner Lucara Diamonds' 100%-owned Karowe diamond mine, in Botswana, is expected to not only double its mine life, but also generate significant revenue and cashflow until 2040. A feasibility study into the underground expansion has found that the adapted... 

Feasibility study proves benefits of Karowe underground expansion
The Karowe openpit mine

De Beers cuts diamond prices by about 5% as industry crisis deepens 

By: Bloomberg     4th November 2019 De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years. The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, according to people familiar with the matter, who... 

De Beers cuts diamond prices by about 5% as industry crisis deepens

Production resumes at Firestone's Liqhobong mine 

By: Creamer Media Reporter      1st November 2019 Production at Aim-listed Firestone Diamonds' Liqhobong mine, in Lesotho, has resumed, after the company successfully installed rented diesel generators to power the mine's processing plant. The diamond miner last month reported that the mine was struggling amid insufficient power supply from the... 

Petra Diamonds establishes second artisanal mining initiative

By: Simone Liedtke     31st October 2019 London-listed Petra Diamonds on Thursday launched its Artisanal Small-scale Mining initiative in the Free State. The launch follows a process of consultation and cooperating with relevant stakeholders, including the Department of Mineral Resources and Energy, the Letsemeng local municipality, and... 

Anglo's green transport, APEC, De Beers' Cobalt interest make headlines  

31st October 2019 Mining Weekly editor Martin Creamer unpacks green worker transport in Chile, the Asia Pacific Economic Cooperation and De Beers’ interest in Cobalt.   

Anglo's green transport, APEC, De Beers' Cobalt interest make headlines
Anglo's green transport, APEC, De Beers' Cobalt interest make headlines

Petra undertakes risk assessment at Cullinan

By: Creamer Media Reporter      30th October 2019 London-listed Petra Diamonds has temporarily halted operations at its Cullinan mine, in South Africa, while it undertakes a risk assessment following the scaling of the openpit wall over the weekend. The company on Wednesday reported that a thunderstorm on October 26 had resulted in a "notable... 

De Beers Canada explores near Cobalt

By: Creamer Media Reporter      30th October 2019 De Beers Canada has started preliminary drilling at properties near the town of Cobalt, in Ontario. De Beers is drilling at TSX-V-listed Tri Origin’s Nipissing Cobalt and South Abitibi project, near Cobalt. This will be the first time that these targets will be tested, the junior said on Tuesday. 

Anglo, Exxaro, others partner on initiative to drive socioeconomic development 

By: Simone Liedtke     29th October 2019 Diversifed miners Anglo American and Exxaro have, alongside the Council for Scientific and industrial Research (CSIR) and World Vision International announced their collaborative partnership to work with the government of the Limpopo province to drive sustainable economic development in the... 

Anglo, Exxaro, others partner on initiative to drive socioeconomic development
Photo by Creamer Media's Simone Liedtke
Limpopo MEC for Economic Development, Environment an Tourism Thabo Mokone; World Vision chairperson Malcolm Boyd; Exxaro CEO Mxolisi Mgojo; Anglo American South Africa executive head Andile Sangqu; and CSIR CEO Dr Thulani Dlamini

De Beers banks on 'diamonds are for me'

By: Reuters     29th October 2019 Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170-million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales. While US demand has held firm, the diamond market has weakened... 

De Beers banks on 'diamonds are for me'

BlueRock sells 20.72 ct diamond for record price

By: Tasneem Bulbulia     28th October 2019 Aim-listed BlueRock Diamonds has sold the 20.72 ct diamond recovered from its Kareevlei mine, in South Africa, in September, for $236 000, or $11 389/ct. This is the highest value achieved for the mine to date for a single diamond, surpassing the previous record sale of $190 000 for a 24.8 ct... 

Botswana Diamonds affiliate given go-ahead for Marsfontein surrounds

By: Marleny Arnoldi     28th October 2019 Aim-listed Botswana Diamonds on Monday announced that its 40%-owned associate Vutomi Mining had been granted a mining permit for the diamond-bearing gravels and residual unprocessed stockpiles around the iconic Marsfontein mine. Vutomi partnered with Eurafrican Diamond Corporate (EDC) to mine... 

Botswana Diamonds affiliate given go-ahead for Marsfontein surrounds

Alrosa finds 230 ct diamond

By: Creamer Media Reporter      25th October 2019 Russian diamond miner Alrosa has unearthed its largest gem-quality diamond in more than three years: a 232.4-ct stone that was unearthed at the Udachnaya kimberlite pipe. The diamond has a yellowish hue and several chips. Its dimensions are 40 х 39 х 23 mm. 

Diamonds hold promise for a better future for Africa – WDC president

By: Tasneem Bulbulia     25th October 2019 Diamond-producing countries on the African continent received about $8.1-billion in 2018, or 9.5% of the $85.9-billion worth of revenues generated from the sale of diamond jewellery, and some still may consider that an insufficient share, World Diamond Council (WDC) president Stephane Fischler... 

Lucapa delivers robust results

By: Tasneem Bulbulia     24th October 2019 ASX-listed Lucapa Diamonds' continued focus on operational and productivity improvements and reductions in operating costs at the Mothae mine, in Lesotho, and the Lulo mine, in Angola, enabled it to deliver robust results for the quarter ended September 30, despite the headwinds facing the... 

Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo 

By: Martin Creamer     24th October 2019 The first motion of the world’s largest hydrogen-powered mine haul truck is scheduled for mid-2020, with testing continuing at Anglo American Platinum’s Mogalakwena mine until the end of the year. This climate-positive development by London- and Johannesburg-listed Anglo American will be open to... 

Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo
Photo by Anglo American
Graphic of solar panels providing electricity for hydrogen-powered haul trucks.

Vast signs documents for loan

By: Creamer Media Reporter      24th October 2019 Aim-listed Vast Resources has signed the documents for a $15-million finance facility to fund its operations in Romania and Zimbabwe. The company signed the binding conditional bond issue deed with UK-based fund Atlas Capital Markets. 

Firestone records solid first quarter performance in subdued market

By: Tasneem Bulbulia     23rd October 2019 Aim-listed Firestone Diamonds recorded a solid operational performance at its Liqhobong diamond mine, in Lesotho, in the quarter ended September 30 – the first quarter of its 2020 financial year. However from a market perspective, pricing remained subdued, CEO Paul Bosma said on Wednesday. 

De Beers maintains full-year output guidance, says demand still subdued

By: Creamer Media Reporter      22nd October 2019 Diamond miner De Beers has maintained its full-year production guidance at about 31-million carats, despite subdued demand for rough diamonds. The company on Tuesday reported that it had sold 7.1-million carats of rough diamonds on a consolidated basis in the third quarter of this year, compared... 

De Beers maintains full-year output guidance, says demand still subdued
De Beers CEO Bruce Cleaver

Petra progresses with throughput improvements, on track to meet guidance 

By: Marleny Arnoldi     21st October 2019 London-listed Petra Diamonds is on track to achieve its full year production target of about 3.8-million carats, despite a challenging diamond market. CE Richard Duffy on Monday stated that the company’s cashflow would benefit from the sale of an exceptional 20.08 ct Type II blue diamond... 

Russia’s thawing permafrost worrying for mining, oil and gas companies

By: Bloomberg     18th October 2019 Russia plans to pay more attention to the impact climate change is having on its vast permafrost area. Thawing of once permanently frozen ground covering more than half of Russia is putting buildings, pipelines and other infrastructure at risk of damage. With the Arctic warming twice as fast as... 

Russia’s thawing permafrost worrying for mining, oil and gas companies

Transition depends on mineralisation

18th October 2019 Stakeholders have been trying to alter the perception of South Africa’s mining sector from that of a “sunset industry” to a “sunrise industry”, but such a transition inherently depends on the country’s mineral potential, states the South African Institute of Mining and Metallurgy (SAIMM). “This... 

Transition depends on mineralisation
UNLOCKING POTENTIAL Through active participation and a collaborative approach South Africa’s mineral potential can be unlocked

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.

Lucapa sells another Lulo diamond parcel for A$3.9m

By: Creamer Media Reporter      17th October 2019 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have earned a further A$3.9-million from the sale of diamonds recovered at the Lulo mine, in Angola. Lucapa reported on Thursday that it had sold a parcel of 1 736 ct at an average price... 

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