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R/€ = 18.1648 Change: 0.0166
R/$ = 17.3744 Change: 0.0394
Au 1772.21 $/oz Change: 1.11
Pt 990.24 $/oz Change: -0.76
 

Diamonds News

Mark Bristow-led company to buy out embattled Rockwell Diamonds  

By: Marleny Arnoldi     18th January 2021 In line with executing its winding down strategy, JSE-listed Rockwell Diamonds has entered into an acquisition and amalgamation agreement with a British Columbia-incorporated company wholly-owned by Mark Bristow, called Bristco. It is intended that the transaction will be effected by way of an... 

Lulo delivers another large diamond

By: Esmarie Iannucci     18th January 2021 Diamond miner Lucapa has recovered its 18th diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Monday reported that a 104 ct D-colour white stone had been recovered at Mining Block 46, the second stone of more than 100 ct to be recovered at this site since the start... 

Lucara recovers 341 ct diamond at Karowe

By: Creamer Media Reporter      15th January 2021 Diamond miner Lucara Diamond Corp has recovered an unbroken 341 ct top white gem-quality diamond from its Karowe mine, in Botswana. The diamond was recovered over the holiday period from milling of ore sourced from the south-western quadrant of the South Lobe M/PK(S) unit.  

Lucara recovers 341 ct diamond at Karowe

Community wellbeing drives sustainability strategy

By: Marleny Arnoldi     15th January 2021 Diamond company De Beers’ holistic Building Forever sustainability framework is bearing fruit, with tangible results recorded for its health-related efforts over the last year.  

EJECTING DISEASE The company achieved a goal in 2019, called the 90/90/90 target for the human immunodeficiency virus, or HIV, initially set for 2020
EJECTING DISEASE The company achieved a goal in 2019, called the 90/90/90 target for the human immunodeficiency virus, or HIV, initially set for 2020

Elite diamond-buying club shrinks as De Beers culls old clients

By: Bloomberg     14th January 2021 De Beers has cut off some of its long-term diamond buyers, marking one of the biggest shakeups in the way the miner sells gems since the end of its monopoly 20 years ago. De Beers staff spent Wednesday calling its 80-odd handpicked customers, with some told they will be losing their seat at the... 

Gem's Letšeng to continue operating, but Lucapa suspends mining at Mothae amid Lesotho lockdown

By: Creamer Media Reporter      14th January 2021 Amid a rise in Covid-19 infections, Lesotho has announced a 14-day nationwide lockdown. This has prompted ASX-listed Lucapa Diamond Company to suspend operations at its Mothae diamond mine. London-listed Gem Diamonds, however, says its Letšeng mine will remain fully operational. 

Opsydia launches small diamond identification marker

By: Donna Slater     14th January 2021 Diamond security specialist Opsydia has honed its subsurface laser technology to create its smallest and faintest identifier to date, meaning even an internally-flawless natural diamond can have a logo, serial number or encrypted code placed beneath its surface without affecting its clarity... 

A typical marking on a diamond made by the Opsydia system
A typical marking on a diamond made by the Opsydia system

Petra Diamonds’ shareholders approve restructuring

By: Simone Liedtke     13th January 2021 London-listed Petra Diamonds’ shareholders have voted in favour of a resolution to restructure the business and provide it with a more stable, deleveraged capital structure that will ensure the short- and long-term viability of the company. At a special general meeting held on January 13, 95.13%... 

Botswana's Masisi joins list of Presidents to address Mining Indaba

By: Donna Slater     12th January 2021 Botswana President Mokgweetsi Masisi has added his name to the upcoming virtual Mining Indaba to be held from February 2 to 3. He joins other Presidents, including South Africa Cyril Ramaphosa, Sierra Leone’s Julius Maada Bio and the Democratic Republic of Congo’s Félix Tshisekedi, who have been... 

BlueRock achieves 25% y/y increase in 2020 output

By: Simone Liedtke     12th January 2021 Aim-listed diamond producer BlueRock Diamonds processed 402 000 t during its 2020 financial year, which resulted in the recovery of 15 371 ct, an increase of 25% year-on-year, despite the Kareevlei diamond mine, in South Africa, having been closed for 50 days during a strict Covid-19-related... 

Debswana terminates mining contract with Australia’s Thiess

By: Reuters     12th January 2021 Debswana Mining Company, owned by De Beers and the Botswana government, said on Tuesday it has terminated a $1.3-billion contract with a unit of Australia's Thiess to extend the lifespan of its Jwaneng diamond mine and will carry out the project in-house. Debswana, among the world’s largest... 

Diamcor completes another tranche of convertible loan financing

By: Marleny Arnoldi     12th January 2021 TSX-V-listed Diamcor Mining has closed a follow-on convertible loan financing round for aggregate gross cash proceeds of C$420 000. This followed on another convertible loan financing round that closed in December.  

Drone-mounted scanner visualises Finsch ore pass to determine serviceability 

By: Donna Slater     11th January 2021 Owing to the use of drone-mounted light detection and ranging (Lidar) equipment, diamond miner Petra Diamonds’ mine engineers have been able to visualise the condition of ore passes for the first time at the Finsch underground mine, in the Northern Cape. The use of Emesent’s Hovermap Lidar... 

A Lidar scan of the ore pass at Petra Diamonds' Finsch mine provides detailed visualisation of the condition of the infrastructure
A Lidar scan of the ore pass at Petra Diamonds' Finsch mine provides detailed visualisation of the condition of the infrastructure

Lucapa sells first diamonds for 2021

By: Esmarie Iannucci     11th January 2021 Diamond miner Lucapa has raised A$7.2-million in revenue from its first diamond sales of 2021 from its Mothae mine, in Lesotho. The miner on Monday reported that a parcel of 4 676 ct of rough diamonds were sold for a total of $5.6-million, or $1 198 per carat, marking the highest average US... 

Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears 

By: News24Wire      8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... 

Mining licence renewal advances Karowe underground expansion plans

By: Simone Liedtke     5th January 2021 The mining licence renewal application for Lucara Diamond Corp and Lucara Botswana’s Karowe mine, in Botswana, has been approved, and is effective from January 4 for a period of 25 years. This secures Lucara’s mining rights to 2046 and marks a critical step in the formal sanction of the Karowe... 

The Karowe mine, in Botswana
The Karowe mine, in Botswana

Lulo makes a bright start to 2021

By: Esmarie Iannucci     4th January 2021 Diamond miner Lucapa has recovered a 113 ct gem-quality diamond from its Lulo alluvial mine, in Angola. The ASX-listed miner on Monday said that this was the first diamond of more than 100 ct recovered from Mining Block 46, which is immediately downstream of the Canguige river, but was the... 

Argyle diamonds make a splash

By: Esmarie Iannucci     18th December 2020 The latest tender of 62 rare pink, red, blue and violet diamonds from major Rio Tinto’s Argyle mine, in Western Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a... 

Global tender, auction houses express interest in participating in Angolan Diamond Bourse

By: Creamer Media Reporter      17th December 2020 State-owned Angolan National Diamond Trading Company (Sodiam) says it has received interest from five global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Angola has about 14 active diamond mining sites and... 

Botswana Diamonds publishes first 3D model of Thorny River kimberlite

By: Creamer Media Reporter      17th December 2020 Diamond exploration company Botswana Diamonds has published a three-dimensional (3D) model of a newly discovered kimberlite pipe at its Thorny River project in South Africa. “This is our first three-dimensional model of the kimberlite on Thorny River and thus represents an important step in the... 

A first pass model of Thorny River kimberlite
Photo by Botswana Diamonds
A first pass model of Thorny River kimberlite

De Beers reports steady demand for rough diamonds in tenth sales cycle 

By: Creamer Media Reporter      17th December 2020 Diamond miner De Beers CEO Bruce Cleaver says positive consumer demand for diamond jewellery is supporting the continuation of retail orders for polished diamonds from the diamond industry’s midstream sector. This, in turn, also supported steady demand for De Beers rough diamonds during De Beers'... 

Gahcho Kué unearths its largest diamond yet

By: Mariaan Webb     17th December 2020 The Gahcho Kué diamond mine in Canada’s Northwest Territories has delivered its largest-ever diamond– a 157.4 ct gem of exceptional quality, offering a morale boost for operator Mountain Province in a year that has been tough for diamond miners. The recovery shows that the mine, although a... 

Gahcho Kué unearths its largest diamond yet

De Beers raises diamond prices for first time since pandemic

By: Bloomberg     16th December 2020 De Beers raised diamond prices for the first time since the outbreak of global pandemic, signaling growing confidence in a rebound for the struggling industry. Prices increased by about 2% to 3% at the diamond giant’s final sale of the year last week, according to people familiar with the... 

De Beers raises diamond prices for first time since pandemic

De Beers extends 10-yr Botswana sales deal on coronavirus delays

By: Reuters     15th December 2020 Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Exploration Geological Consultancy MD Regina Molloy
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Anglo American appoints new nonexec director

By: Simone Liedtke     10th December 2020 Hilary Maxson will join the Anglo American board as a nonexecutive director and member of the audit committee with effect from June 1, 2021. “[Maxson] brings a combination of experience that aligns well with our business, spanning finance, the capital markets, energy and technology, gained across... 

Lucapa makes another stellar recovery

By: Esmarie Iannucci     10th December 2020 Diamond miner Lucapa has recovered a 101 ct white diamond from its Mothae kimberlite mine in Leshoto. The diamond was measured as D in colour, type IIa, and is the fourth diamond larger than 100 ct recovered from the southern lobe of the Mothae kimberlite pipe. 

Mining benchmarks consolidated in ICMM report to help address responsible production, sustainability

By: Donna Slater     8th December 2020 The International Council on Mining and Metals (ICMM) has published a series of equivalency benchmarks to assist in addressing stakeholder concerns around responsible production, and the recent proliferation of sustainability standards. The benchmarks compare the requirements of ICMM’s mining... 

Dominion Diamond reaches deal to sell Ekati mine in Canada

By: Reuters     8th December 2020 Dominion Diamond Mines said on Monday it reached a deal to sell its Ekati mine in Canada's Northwest Territories to holders of its second lien notes, eight months after seeking bankruptcy protection amid a worldwide upheaval in the diamond industry. Closely held Dominion, owned by the Washington... 

The Ekati mine, in Canada's Northwest Territories
The Ekati mine, in Canada's Northwest Territories

127ct diamond recovered at Lulo

By: Esmarie Iannucci     7th December 2020 Diamond miner Lucapa has recovered a 127 ct gem-quality white diamond from its Lulo alluvial mine, in Angola. The diamond marked the sixteenth stone of more than 100 ct to be recovered from Lulo to date, and the third diamond of that size recovered in 2020. 

Gemfair shifts focus to support small-scale miners during Covid-19

By: Donna Slater     4th December 2020 Diamond miner De Beers’ artisanal and small-scale miner (ASM) global market promotion platform Gemfair responded to the Covid-19 pandemic by mobilsing its Kono, Sierra Leone-based team to develop and roll out an extensive response plan to the pandemic. The response was focused on providing food... 

BlueRock recovers 12.6 ct diamond from Kareevlei

By: Tasneem Bulbulia     4th December 2020 Aim-listed BlueRock Diamonds has recovered a 12.6 ct diamond from its Kareevlei diamond mine in the Kimberley region of South Africa. Executive chairperson Mike Houston said on Friday that the discovery was “exceptional”. 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

De Beers' Venetia open-pit diamond mine
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Kimberlite blow discovered at Botswana Diamonds’ Thorny River prospect

By: Donna Slater     2nd December 2020 A recent drilling programme, targeting an area of 0.4 ha, at Botswana Diamonds’ Thorny River project in Limpopo, in South Africa, has led to the discovery a new kimberlite blow (a small volcanic pipe). 
Botswana Diamonds chairperson John Teeling says the discovery is “very significant” as the... 

De Beers announces entry dates for 2020/21 jewellery design competition

By: Donna Slater     2nd December 2020 Diamond miner De Beers Group on December 1 announced the entry dates for its De Beers Group Designers Initiative (DBGDI)-Shining Light Awards 2020/21 jewellery design competition, which is aimed at helping young jewellery designers grow. DBGDI is a youth beneficiation skills development... 

Diamcor Mining remains focused, despite Covid-19 impacts

By: Simone Liedtke     1st December 2020 With the onset of the global Covid-19 pandemic, Diamcor Mining remained focused on reducing costs, operational planning for the resumption of operations and continued strengthening of the core operational management team during the six months to September 30. Despite the effects of the pandemic,... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

AmaranthCX director Paul Miller
Photo by Creamer Media
AmaranthCX director Paul Miller
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