R/€ = 17.07 Change: -0.01
R/$ = 16.42 Change: -0.13
Au 1802.29 $/oz Change: -12.73
Pt 884.50 $/oz Change: -32.00

Diamonds News

Report questions 'prosperity diamonds' claim

By: Martin Zhuwakinyu     5th April 2002 While Southern Africa’s diamond endowment has brought about economic prosperity and has not fuelled civil strife – as has been the case in Angola, Sierra Leone and the Democratic Republic of Congo (DRC) – Partnership Africa Canada contends that the region’s... 

Bid to cut and polish gems in Northern Cape

5th April 2002 Authorities in the Northern Cape are pushing ahead with plans to have locally mined diamonds developed and polished in the country, before being exported to international markets for sale, especially in Europe and the US. 

Diamond giant buys R10-million in software

5th April 2002 Diamond giant De Beers has purchased ActaWorks software from Global Technology Business Intelligence (GBI) in a deal worth over R10-million. 

Global positioning system for Botswana diamond-mine

5th April 2002 Leader in high-tech mine management solutions Modular Mining Systems is in the process of installing the ProVision high-precision global positioning system (HPGPS) and other modular equipment at Debswana Diamond Mining Company’s Jwaneng diamond-mine in Botswana, in Southern Africa. 

Junior optimistic about diamond project

2nd April 2002 Junior miner Kimberley Diamond of Australia has released a feasibility study which confirms the viability of the first-stage development at the Ellendale Diamond Project, due to start in May. 

Empowerment deal breathes new life in gem dumps

By: Joanne Delaurentis     29th March 2002 Determined to extend the life of Kimberley diamond-mines well into the next century, South African diamond giant De Beers has sold its dormant Kamfersdam mine and tailings dumps to black-owned mining company New Diamond Corporation (NDC). 

Gem giant approves 'Big Hole' tourism project

26th March 2002 The first phase of the Big Hole Project has been approved by De Beers board. The aim of the project is to develop the Big Hole precinct into a world-class tourism facility. 

Ottowa talks fail to produce 'blood diamonds' deal

22nd March 2002 Government negotiators and diamond industry officials failed to agree on ways to curb trade in ‘blood diamonds’ that are mined in some of Africa's worst conflict zones, but said they had made great progress toward a deal. 

Governments meet to finalise gem certification

20th March 2002 Aid organisations called on governments from diamond-producing countries to finalise an agreement to end the trade in ‘blood diamonds’, used to fuel long-standing wars in Africa. 

Diamond group in asset-transfer deal

18th March 2002 Canadian diamond firm Trans Hex International (THI) said it had entered into a letter of intent with the Trans Hex Group (THG) in which the parties had agreed to an alternative transaction to a court-approved winding up of THI. 

Board head seeks to streamline gem trading regime

15th March 2002 The chairperson of the South African Diamond Board Abbey Chikane says that new challenges in relation to diamond trading are being dealt with by the Department of Minerals and Energy (DME), which are aimed at improving and streamlining the regulatory environment for the downstream diamond industry. 

Diamond giant's HIV-prevalence is below the industry's average

By: Irma Venter     15th March 2002 Initial findings from a two-year study indicate the HIV/Aids prevalence at diamond-miner De Beers is 15%. 

Product polishes diamond-miner's network operations and upgrades

15th March 2002 In the ten months that marine diamond mining firm De Beers Marine has used NetIQ’s Operations Manager product to monitor its data networks, the company has substantially improved issues such as security and reporting while reducing downtime and maintenance requirements. 

Resources giant takes Canada gem mine underground

13th March 2002 In its first attempt at mining diamonds underground, the world’s biggest diversified miner, BHP Billiton, is taking Canada’s only producing diamond-mine Ekati from openpit to below ground in the frozen barrenlands of the country’s Northwest Territories. 

Junior optimistic about gem propsect

11th March 2002 Small diamond-miner Kimberley Diamond Company has moved a step closer to confirming the source of the Terrace 5 alluvial diamond system after announcing encouraging results from microdiamond samples taken from lamproite drilling at the Ellendale Diamond Project. 

Mining's maintenance potential in sight

By: Deborah Spicer     8th March 2002 The mining industry has tremendous potential to improve its competitiveness through increased attention to maintenance. 

Botswanan diamond-mine is to put computerised maintenance in top gear

By: Deborah Spicer     8th March 2002 Constant feedback from Debswana’s Orapa and Letlhakane diamond mines to their computerised maintenance-management partner has allowed Cyberstream to make its US-developed product, Datastream, as functional as possible. 

Canadian diamond prospect advances

By: Martin Zhuwakinyu     8th March 2002 Diamond-mining giant De Beers reports that its Snap Lake prospect, in Canada, is well on its way to becoming a mining project and could reach full production as early as 2005. 

Gem empowerment deal announced

8th March 2002 Black-owned diamond-mining company New Diamond Corporation (NDC) signed a R38-million deal with De Beers for the purchase of the dormant Kamfersdam mine and tailings dumps near Kimberley. 

Canadians active in Africa

1st March 2002 Newly-appointed Minister of Natural Resources Canada Herb Dhaliwal stated at the Mining Indaba 2002 held in Cape Town last month, that he intends to strengthen working partnerships with Africa. 

Jewellery project roll-out in planning

By: Irma Venter     1st March 2002 As the pilot phase of the Kgabane jewellery project speeds towards its end, plans for a roll-out to the rest of the country are on the drawing board. 

Positive results for Namibian diamond prospect

By: Martin Zhuwakinyu     22nd February 2002 Canadian-listed marine-diamond explorer Afri-Can Marine Mining reports that its reconnaisance sampling programme off the Namibian coast has discovered a “significant number of diamonds”. 

Global downturn hits gem leader

18th February 2002 The world's biggest diamond producer, De Beers, said on Friday its profit halved in 2001 as the global economic downturn slashed rough diamond sales, but said the market started 2002 in a more optimistic mood. 

First walking sea-mining platform by mid-year

15th February 2002 The West Coast of Africa is an area of growing activity for diamond companies, which have mined a total of 100-million carats of marine diamonds from it to date. 

Kimberley recovery plant on track for July

15th February 2002 Construction is on schedule and on target at the new Kimberley Mines diamond recovery plant, with the principal civil works having been completed. It is expected that the plant will be fully operational by July. 

Gem exploration pact signed

8th February 2002 Diamond giant De Beers has signed heads of agreements on a joint venture with black-economic empowerment company, Mvelephanda, to undertake exploration work for new world-class diamond deposits in South Africa. 

Diamond Board chairperson appointed

8th February 2002 Along with the announcement of the new board members for the South African Diamond Board, the Minister of Minerals and Energy Phumzile Mlambo-Ngcuka has confirmed the appointment of Abbey Chikane as chairperson for the next five years or until the board is abolished in terms of the proposed... 

Govt keen to act soon on State gem miner

By: Terence Creamer     1st February 2002 The Department of Public Enterprises (DPE) hopes to finalise a ‘project plan’ for the struggling State-owned diamond producer, Alexkor, within the next few weeks. 

Canadian gem exploration renaissance

31st January 2002 Miners are rushing to stake claims in the frozen terrain of northern Quebec and Nunavut after Ashton Mining re-energised Canada’s diamond sector with new discoveries there, analysts and producers said. 

Pretoria jewellery workshop initiated

29th January 2002 The Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka has initiated an African jewellery-making and craft workshop at the Council for Scientific and Industrial Research (CSIR), which is based near Lynwood, in Pretoria. 

Big gem sampling off Namibian coast

By: Martin Zhuwakinyu     25th January 2002 Canadian-listed marine-diamond explorer Afri-Can Marine Mining reports that its initial sampling programme off the Namibian coast was completed on schedule in December. 

SA's jewellery dream begins to take form

By: Irma Venter     18th January 2002 A South African landscape dotted with jewellery schools producing indigenously-inspired adornments – this dream of the country developing its mineral riches beyond mere mining has crystallised to reality within three years, and is set to expand further. 

Ring's fellowship stretching from US to Singapore

By: Laura Franz     18th January 2002 Gold mining company Harmony Gold Mining has succeeded in reaching for the brass ring, or the gold ring as the case might be, having won itself a ride with one of the world’s most anticipated films, the ‘Lord of the Rings’, which came on circuit during December in South Africa. 

Sierra Leone's gem ban extended

14th January 2002 The UN Security Council has extended for another year a global ban on black-market diamond exports from Sierra Leone, where a gems-for-arms trade fuelled a brutal civil war that lasted more than a decade. The ban, first imposed in July 2000 to dry up the main source of financing for the... 

Canadian marine gem miner in Namibian sampling programme

By: Martin Zhuwakinyu     14th December 2001 Canadian-listed marine-diamond explorer Afri-Can Marine Minerals reports that the sampling programme being undertaken at its partly-owned concession off the Namibian coast will be completed around December 22, after which a decision on whether or not to proceed with a bulk-sampling programme... 

Marine gem miner experiments with new dredging technology

By: Keith Campbell     14th December 2001 Trans Hex Group is experimenting with new offshore dredging techniques, while slowing down its inshore mining platform project and commissioning its new diamond mining ship, MV Namakwa 

Marine gem miner experiments with new dredging technology

14th December 2001 South African marine and terrestrial diamond-mining company Trans Hex is experimenting with new offshore dredging techniques. "We've implemented innovations in dredging, which are showing great promise," reveals company marine division executive director Andr 

Diamond giant to close Swiss sales operation

14th December 2001 The king of rough diamonds, De Beers, said it was closing its sales operations in Lucerne, Switzerland, to focus its European selling in London. The company said it would keep an office in Lucerne, but the sales operation of its Diamond Trading Company would move. It could not say how many jobs... 

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