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Diamonds News

Lucara produces more diamonds than expected in 2012

By: Henry Lazenby 1st February 2013 Southern Africa-focused diamond producer Lucara Diamond on Thursday said its flagship Karowe mine, in diamond-rich Botswana, had produced 12% more diamonds than expected during 2012. The Karowe mine produced 303 060 ct of diamonds, above the forecast of 271 000 ct. The operation treated... →

Paragon diamond parcel stone valued at $2 300/ct

By: Natalie Greve 31st January 2013 A diamond valuation performed on a parcel of 114 ct of diamonds produced at Aim-listed Paragon Diamonds Lemphane operation, in Lesotho, recorded a high-value stone of 3.71 ct, valued at over $2 300/c.The parcel included a coarse diamond size population of diamonds of 2 ct or greater, with six... →

Gem Diamonds Q4 output up

By: Natalie Greve 31st January 2013 London-listed Gem Diamonds reported on Thursday that its production for the fourth-quarter, ended December 2012, increased to 30 181 ct, 1% higher than the 29 783 ct produced in the fourth-quarter of the previous year, demonstrating relative long-term output stability.The company’s flagship... →

Bigger African footprint needed in fight against illicit diamond trade

By: Idéle Esterhuizen 31st January 2013 To ensure the survival of the diamond industry, the African leadership of, and footprint in, the Kimberly Process (KP) would have to be expanded, chairperson Welile Nhlapo said Thursday. South Africa took over the chairpersonship of the KP from the US on January 1. →

WDC president to step down

By: Natalie Greve 30th January 2013 World Diamond Council president Eli Izhakoff on Wednesday announced that he would step down on June 30, after 13 consecutive years at the helm of the global diamond and jewellery organisation. →

Petra expects diamond prices to remain firm, lowers output forecast

By: Natasha Odendaal 29th January 2013 Diamond prices were expected to remain firm during 2013, Africa-focused diamond producer Petra Diamonds CEO Johan Dippenaar said on Tuesday. Speaking during a conference call to discuss the group’s 2013 interim performance, he said the rough diamond market remained flat during the first half of... →

Stornoway reduces Renard project cost to C$752m

By: Creamer Media Reporter 29th January 2013 TSX-listed Stornoway Diamond Corporation has reduced the estimated capital cost of its Renard diamond project in Québec by C$50-million to C$752-million. This followed the completion of a new mine design and cost optimisation exercise for the project. →

Akoase project hits second high-grade gold intersection

By: Zandile Mavuso 25th January 2013 The AKRC25D drilling hole at Perth-based Viking Ashanti’s Akoase gold project, in Ghana, which is targeting down-dip extensions of the higher-grade gold mineralisation at the Alimac prospect drilling site, has hit over 20 m down-hole width. This is a second high-grade intersection record at the... →

Gems junior buying equipment for Limpopo project from South African suppliers only

By: Leandi Kolver 25th January 2013 Diamond junior Diamcor Mining is using only South African equipment suppliers for its Krone-Endora at Venetia project, located next to diamond major De Beers’ Venetia mine, in Limpopo, says Diamcor Mining CEO Dean Taylor. Diamcor Mining acquired the Krone-Endora at Venetia project, which... →

Botswana Diamonds applies for 12 new exploration licences

By: Natasha Odendaal 24th January 2013 Botswana Diamonds on Thursday said it had applied for 12 new exploration licences after new technology revealed new exploration targets in the north-east of Botswana. The company was currently finalising the legal details of a formal joint venture with the undisclosed owner – a major... →

DiamondCorp starts Lace diamond mine development

By: Natasha Odendaal 24th January 2013 Southern African diamond development and exploration company DiamondCorp initiated the 47-level development activities at its R384-million Free State-based Lace diamond mine. The JSE- and Aim-listed group said that, with the project now fully funded, it could expect first diamond recovery during... →

World interest in Canada's minerals and metals at record high – report

By: Henry Lazenby 21st January 2013 World interest in Canadian minerals and metals reached a record high in 2011 as measured by exploration spending, the Mining Association of Canada's (MAC’s) new 'Facts & Figures 2012' report has found. Exploration investment in Canada reached C$3.9-billion in 2011, with spending for 2012... →

Water pipeline at Lemphane project complete, drilling starts

By: Idéle Esterhuizen 21st January 2013 Aim-listed Paragon Diamonds on Monday reported that the water supply pipeline to the bulk sampling plant at its Lemphane kimberlite project, in Lesotho, had been completed and tested, while delineation drilling on the kimberlite had started. In August, Lesotho’s Ministry of Natural Resources... →

BHP Billiton JV partner sues over sale of Canadian diamond mine

By: Henry Lazenby 17th January 2013 A joint venture (JV) partner is suing BHP Billiton over its plan to sell its stake in the Ekati diamond mine and surrounding exploration properties, in Canada, to miner and luxury goods manufacturer Harry Winston Diamond. C Fipke Holdings (Fipco) has started an action in the Ontario Superior... →

Alexkor to restart Muisvlak processing facility

By: Natasha Odendaal 17th January 2013 State-owned diamond miner Alexkor was planning to revamp and recommission the metallurgical processing plant in the Muisvlak region, in the Northern Cape. The group this week issued a tender for the design, supply, construction and commissioning of a new alluvial diamond treatment plant to... →

Stellar Diamonds renews Guinea exploration licence

By: Natalie Greve 16th January 2013 Aim-listed Stellar Diamonds on Wednesday announced the renewal of the diamond exploration licence at its Droujba operation, in Guinea. →

Harry Winston lifts 2012 diamond production on higher grades

By: Henry Lazenby 15th January 2013 Canadian diamond miner and luxury goods manufacturer Harry Winston on Tuesday said it had lifted its 2012 full-year diamond production from its part-owned Diavik diamond mine by nearly 7.5% year-on-year to 7.2-million carats on higher grades, but that this was below guidance of 8.2-million... →

Harry Winston sells luxury brand segment to watchmaker Swatch

By: Henry Lazenby 14th January 2013 Diamond miner and jeweller Harry Winston Diamond on Monday announced it had agreed to sell its luxury goods segment to Swiss watchmaker The Swatch Group in a $750-million deal which would allow Harry Winston to focus on its mining activities. Under terms of the deal Swatch would also assume... →

Paragon advances Lesotho kimberlite work programmes

By: Natalie Greve 14th January 2013 Aim-listed Paragon Diamonds on Monday announced the commissioning of three major subcontracts at its 85%-owned Lemphane kimberlite project, in Lesotho, aimed at advancing the project towards an inferred resource status. →

Failed State-backed diamond company staff protest at IDC, CEO promises help

By: Martin Creamer 14th January 2013 Disgruntled out-of-work employees of closed diamond beneficiation company African Romance, who staged a protest at the State-owned Industrial Development Corporation (IDC) demanding outstanding remuneration and unemployment insurance (UIF) help, have been promised assistance by the CEO of the... →

Diamond market sentiment 'cautiously positive' – Rockwell

By: Martin Creamer 11th January 2013 Diamond market sentiment is currently “cautiously positive”, Rockwell Diamond CEO James Campbell told Mining Weekly Online in a video interview to mark the alluvial diamond miner’s presentation of third-quarter results. Early indications are that diamond sales in North America over the Christmas... →

Rockwell Diamonds loses R41m in Q3

By: Martin Creamer 11th January 2013 TSX- and JSE-listed alluvial diamond miner Rockwell suffered a net third-quarter loss of C$4.7-million (R41.4-million) and a comprehensive loss of C$7.3-million (R64.3-million). Rockwell, headed by CEO James Campbell, announced its results for the three and nine months ended November 30 last year. →

State-backed diamond beneficiation firm to be liquidated

By: Martin Creamer 11th January 2013 Mineral beneficiation will only succeed in South Africa if it is supported by a pipeline of guaranteed raw materials and long-term funding that allows for marketing and retail development alongside production and beneficiation, said failed local diamond beneficiator Mohseen Valli Moosa, who has... →

Namibian mines Minister appoints Seber to Diamond Board

By: Natalie Greve 9th January 2013 JOHANNESBURG (miningweekly.com) – Namibia Minister of Mines and Energy Isak Katali has appointed Diamond Manufacturers Association of Namibia (Daiman) president Burhan Seber to the Diamond Board of Namibia for a term of four years. →

IDC-funded diamond beneficiator shuts up shop

By: Martin Creamer 9th January 2013 A local diamond beneficiation business, which obtained R97-million in funding from the State-owned Industrial Development Corporation (IDC) as well as support from the provincially run Gauteng Enterprise Propeller, has ceased operations, Mining Weekly Online can today report. Mohseen Valli... →

New Anglo American CEO aims to create world’s best mining company

By: Martin Creamer 8th January 2013 Creating the world’s best mining company is the aim of Mark Cutifani, who takes over the reins of Anglo American as CEO from April 3. Speaking from London in an international conference call that South African journalists could only enter late as a result of a technical glitch, Cutifani said... →

Paragon Diamonds secures Botswana prospecting licences

By: Natalie Greve 8th January 2013 JOHANNESBURG (miningweekly.com) – Africa-focused exploration company Paragon Diamonds announced on Tuesday that it had entered into a memorandum of understanding (MoU) with a private Botswana company to secure several prospecting licences (PLs) across diamond-prospective terrains in Botswana. →

Venkat, O’Neill to hold interim AngloGold reins as Cutifani departs for Anglo

By: Martin Creamer 8th January 2013 Long-serving AngloGold Ashanti CFO Srinivasan Venkatakrishnan (Venkat) and executive VP business and technical development Tony O’Neill will act as joint interim chief executives when incumbent AngloGold Ashanti CEO Mark Cutifani departs to take over as CEO of diversified major Anglo American plc... →

DiamondCorp, Tiffany loan and supply agreement legally signed

By: Natasha Odendaal 7th January 2013 Southern Africa-focused DiamondCorp on Monday legally cemented a loan and supply agreement with Tiffany & Co subsidiary Laurelton Diamonds. The diamond development and exploration company entered into an offtake agreement for diamond production from its flagship Lace mine, in the Free State, in... →

First diamonds from new processing plant

8th June 2012 First diamonds have been recovered from diamond company Octéa’s Koidu diamond mine expansion project in Sierra Leone, during the commissioning stage of the new 180 t/h processing plant. →

Potential diamond mine buyers few, says Harry Winston boss

By: Matthew Hill 5th April 2012 There is a “narrowed field” of potential suitors for diamonds mines, owing to the complexities of the market, Canada’s Harry Winston chairperson and CEO Robert Gannicott said on Thursday. “It’s not easily undertaken by someone who is just a financial investor... I think a role is required, at... →

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