R/€ = 16.71 Change: 0.04
R/$ = 15.57 Change: 0.04
Au 1853.66 $/oz Change: -5.10
Pt 956.50 $/oz Change: 3.00

Diamonds News

Troubled marine miner gets back on track

26th July 2002 NAMIBIAN Minerals Corporation’s (Namco’s) MV Kovambo, which is the support vessel for its NamSSol seabed mining tool, has resumed diamond production. 

. . . Canadians to buy own vessel with US support

26th July 2002 CANADA’s Diamond Fields International (DFI) has announced that Overseas Private Investment Corporation (OPIC), a US governmental agency, is to finance the $15-million acquisition of DFI’s own vessels to mine its Luderitz diamond concessions off the coast of Namibia. 

Gem-mining vessel returns to SA . . .

26th July 2002 Following an ongoing unresolved material dispute with its joint-venture partner, South African diamond exploration and mining group Trans Hex has withdrawn the services of its deep-water mining vessel, the Namakwa, from the Marshall Fork area off the Namibian coast. 

Gem cutter reacts to Myburgh report allegations

25th July 2002 Diamond cutting and polishing company Equity Diamonds says it has not had sight of the Myburgh Commission report, but has expressed its extreme surprise at the reference to it in the report. 

Diamond exploration deal concluded

22nd July 2002 Diamond giant De Beers and black empowered firm Mvelaphanda Resources have signed a joint-venture agreement to explore primary kimberlite in certain parts of the Limpopo and Mpumalanga provinces. 

Diamond, gold-mines embrace Oz gravity-separation solution

By: vanessa vasques     19th July 2002 From humble beginnings in the back-yard of those that established it, Gekkos Systems, which specialises in gold and diamond gravity-separation processes, is today a multimillion-dollar company bringing innovative technology to the mining industry across the world. 

New screen meets Africa's diamond-mining needs

19th July 2002 A new small multislope screen has been developed locally by IMS Engineering to meet the needs of the local and African diamond industry. 

$20m tanzanite-mine nears completion

By: vanessa vasques     19th July 2002 Mine development at the tanzanite mine located in Block C of the concession in Merelani in Northern Tanzania for gemstone company Afgem is drawing to a close and is expected to be completed by September this year. 

Namibian gem miner has better output in 2001

18th July 2002 Namibian diamond producer Namdeb Diamond Corporation has exceeded its total production target for 2001 of 1,305-million carats by nearly 80 000 carats, with marine diamonds accounting for 39% of the total output. 

State gem-miner evaluates concession bids

17th July 2002 Management and representatives of the shareholder of the State-owned diamond-mine Alexkor met in Johannesburg yesterday to begin the process of evaluating several shallow-water and beach-mining concession tenders, which were called for earlier this year – and an announcement on the winning... 

Big gem find at new operation

16th July 2002 Australian miner Kimberley Diamond Company has reaped immediate rewards from its newly launched Ellendale diamond project, with mining in the first block of Pipe nine yielding a large 7,64-carat gem stone, one of the largest recovered to date in the field. 

Workers protest lie-detectors at SA diamond miner

12th July 2002 Earlier this week some 300 people marched to the offices of South African state-owned diamond miner Alexkor, protesting against the use of lie-detector tests which they said were unfair. 

Diamond-rich Botswana fears 'extinction' from Aids

9th July 2002 Botswana, whose relative riches have failed to stop it becoming the country most blighted by HIV/Aids, has said that it was facing extinction by the disease. 

We'll grow our own assets, says emergent gem miner

By: Joanne Delaurentis     8th July 2002 Building a new black-owned and majority-controlled diamond-mining company from scratch without a committed cash flow in the South African context is no easy task, but is exactly what the sector's new entrant is setting out to achieve. 

We'll grow our own assets, says new million-carats-a-year gem miner

By: Joanne Delaurentis     5th July 2002 Building a new, black-owned and majority-controlled, diamond-mining company, from scratch, without a committed cash flow, in the South African context is no easy task, but is exactly what the sector’s new entrant is setting out to achieve. 

Approval gained for Angola gem project

4th July 2002 The Council of Ministers of Angola has approved the operating agreement for SouthernEra’s project Camafuca, authorising the formation of the operating company, Sociedade Mineira do Angola, Lda (SMC). 

Aussie diamond firm appoints SA man

4th July 2002 Former Trans Hex group operations MD, Peter Danchin, has been appointed MD of the Australian-based Kimberley Diamond Company. 

Explorer in cash-raising exercise

4th July 2002 A 1 400 km2 tenement package in one of the 'hot spots' for Australian gold exploration – the Ashburton mineral province of northern Western Australia – forms the basis of new $4-million exploration initial public offering (IPO), Marengo Mining. 

State hopes SEP will turn Alexkor around

By: Zonika Botha     2nd July 2002 With the process to dispose of 51% of the State-owned Alexkor diamond company to a strategic equity partner (SEP) now officially under way, government is optimistic that the ailing diamond-mining company can be turned to profitability once more. 

Leviev enters African gem scene

By: Keith Campbell     1st July 2002 In only 20 years, Uzbekistan-born Israeli businessman Lev Leviev has come from nowhere to being one of the biggest players in the world diamond industry, and his name is even mentioned as a rival to long-established giant De Beers, at least in certain parts of the world. 

Branding and diamonds

1st July 2002 When Andrew Clark, a Toronto writer, bought an engagement ring for his girlfriend earlier this year, he made a modest contribution to a seismic shift in the international diamond business. 

Leviev's $2bn diamond empire makes presence felt in Africa

By: Keith Campbell     28th June 2002 In only 20 years, Uzbekistan-born Israeli businessman Lev Leviev has come from no-where to being one of the biggest players in the world diamond industry, & a possible rival to De Beers. 

New Oz diamond mine at full production

25th June 2002 Australia’s newest diamond mine, the Ellendale Project in Western Australia, has commenced full production as owner Kimberley Diamond Company unveiled its first-ever diamond sale - a 4,552 carat parcel of gem-quality Ellendale diamonds that fetched US$451,052. 

Construction of Ventersdorp gem mine moves ahead

24th June 2002 Construction of the phase one diamond mine at Ventersdorp in South Africa is proceeding on schedule with commercial production to commence in September 2002, Etruscan Resources and Mountain Lake Resources revealed last week. 

South African bank arranges facility for Russian gem giant

By: Joanne Delaurentis     21st June 2002 A South African bank is supplying $6,5-million for the working capital requirements of AK Alrosa, Russia’s premier diamond producer. 

Kimberley gem plant at full tilt by Dec

By: Irma Venter     21st June 2002 The De Beers Kimberley Mines Combined Treatment Plant (CTP) – the project that is said to have saved the Kimberley diamond mines from closure this year – is on track to reach full production by December. 

Kimberley in a changing diamond world

By: Irma Venter     21st June 2002 On an uncharacteristically rainy day in Kimberley, De Beers senior manager diamond buying Marcus Simmons peers into a diamond, attributing dollar signs to carats which, thousands of years ago, started out as nothing but carbon. 

Combined treatment plant (diamond project)

21st June 2002 Name of the project and location Combined treatment plant (CTP), De Beers Kimberley Mines, Northern Cape. Project description The new 24-million carat CTP will have a capacity to treat 1 000 t of material an hour and 7,1-million tons a year. A high-tech greenfields project on a downscaling site,... 

Bursaries on offer for mining studies

21st June 2002 To meet the need for higher-level skills in the mining and minerals sector, the Mining Qualifications Authority (MQA), through the National Skills Fund (NSF), is offering bursaries to students in related study fields. 

UK firm's glittering prospects

By: vanessa vasques     14th June 2002 UK-based international diamond mining and exploration company Firestone Diamonds is optimistic about its current exploration projects and is anticipating adding new projects to its portfolio in the future. 

Mineral explorer prospers in Africa

By: vanessa vasques     14th June 2002 Many people understand mineral exploration to be undertaken either by large mining houses, or junior exploration companies, which usually sell their successes to large mining houses. 

Mining giant buys R164m stake in Lesotho diamond project

By: Zonika Botha     14th June 2002 As part of the restructuring of the greater JCI/CAM group of companies, mining giant JCI will acquire a 40% stake, valued at about R164-million, of the Letseng diamond project in Lesotho. 

SA jewellery council launches three diamond projects

By: Zonika Botha     14th June 2002 Traditionally known as the country of gold and diamonds, it is believed that in many instances South African shopping malls and jewellery stores, in particular, can compete anywhere in the world in terms of the image and quality they represent. 

New diamond-mine for Western Australia

By: Zonika Botha     14th June 2002 After a long diamond drought, Western Australia finally has secured a second diamond-mine. 

Tourism boom boosts diamond jewellery sales

By: Zonika Botha     14th June 2002 Ever since the first democratic election in 1994, South Africa has become a tourist haven, attracting international visitors from all corners of the world. 

Costly labour holds back SA diamond beneficiation

By: Zonika Botha     14th June 2002 Despite South Africa’s status as one of the world’s leading diamond producers along with Namibia and Botswana, its diamond cutting and polishing industry is regarded as a minion among its international counterparts. 

Exploration firm stays focused on SA

By: Zonika Botha     14th June 2002 Diamond exploration is a highly specialised business. 

Oz firm's SA west coast diamond plant takes off

14th June 2002 Stage-one bulk sampling at the Australian firm Namakwa Diamond Company’s West Coast diamond project in South Africa has moved into full swing following successful wet commissioning trials of its recently constructed dense media separation (DMS) plant and associated Flowsort diamond recovery... 

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