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Diamonds News

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... 

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... 

UNLOCKING POTENTIAL
Through active participation and a collaborative approach South Africa’s mineral potential can be unlocked
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... 

BlueRock achieves record quarterly production, better grades

By: Marleny Arnoldi     16th October 2019 Aim-listed BlueRock Diamonds achieved record production of 92 500 t in the third quarter, compared with the 63 600 t produced in the third quarter of last year. This was 45% higher year-on-year, notwithstanding suspension of operations for 19 days in July owing to crushing circuit works. 

Firestone to hire diesel generators to run Liqhobong plant

By: Creamer Media Reporter      15th October 2019 Mining company Firestone Diamonds has placed an order to hire diesel generator units to run the processing plant at its Liqhobong mine, in Lesotho, as the operation continues to struggle without sufficient power from the grid. The units are scheduled to arrive on site by the end of the month and... 

Petra pays South African, Tanzanian govts $23.1m in taxes, royalties 

By: Tasneem Bulbulia     15th October 2019 LSE-listed Petra Diamonds’ total payments to governments for the financial year ended June 30, amounted to $23.1-million. This is lower than the $25.6-million paid to governments in the 2018 financial year. 

De Beers launches new digital auction portal

By: Creamer Media Reporter      15th October 2019 De Beers Group Auctions, a subsidiary of diamond miner De Beers, on Tuesday launched its new digital auction portal, which is aimed at enhancing customers' bidding experience. “At De Beers Group Auctions, our raison d’etre is to provide our customers a smart and seamless way to source natural... 

Anglo’s autonomous truck fleet at Quellaveco will not impact jobs 

By: Martin Creamer     15th October 2019 The planned introduction of an autonomous fleet at the Quellaveco copper mine in Peru will not impact jobs, Anglo American Peru CEO Tom McCulley told a visiting international media contingent on Monday. Quellevaco has a north and south pit and the automation will begin with seven trucks at the... 

Anglo’s autonomous truck fleet at Quellaveco will not impact jobs

Zimbabwe unveils plan for $12bn in mineral revenue by 2023 

By: Bloomberg     15th October 2019 Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government would achieve this. The policy document, known as the Strategic Road to the Achievement of $12-billion By... 

Zimbabwe unveils plan for $12bn in mineral revenue by 2023

Zimbabwe aims to more than triple diamond production by 2023

By: Reuters     14th October 2019 Zimbabwe expects to increase diamond production to 11-million carats by 2023 from 3.2-million carats last year, the Mines Minister said on Monday, part of an ambitious plan to raise mining output and earn the country $12-billion a year. The mineral-rich southern African nation sees the mining... 

Forum 4 Service Delivery Youth calls for nationalisation of mines

By: African News Agency      14th October 2019 The nationalisation of mines will lead to industrialisation, growth of the economy and jobs, Forum 4 Service Delivery Youth said on Monday. "The industrial strategy adopted by government will never succeed unless we have State control and ownership of the natural resources," said Kgothatso... 

Vast Resources to sign diamonds JV deal in Zimbabwe – Minister

By: Reuters     11th October 2019 London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company official said on Friday. President Emmerson Mnangagwa's government is stepping up efforts to exploit... 

New drives rolling out throughout S Africa

By: Halima Frost     11th October 2019 Subsequent to the launch of the new VDrivePlus and AlphaDrive-Micro variable speed drives (VSDs) from Hudaco Group company Varispeed, bearings and accessories distributor Bearings International (BI) has embarked on a training and sample-distribution campaign at its 50 BI branches in South Africa.... 

ALPHA AND OMEGA
The AlphaDrive Micro and VDrivePlus by Varispeed have been launched in South Africa by BMG
ALPHA AND OMEGA The AlphaDrive Micro and VDrivePlus by Varispeed have been launched in South Africa by BMG

Venetia Underground on track to start production in 2021

By: Nadine James     11th October 2019 The $2-billion Venetia Diamond Mine Underground project remains on track and within budget to achieve first production in 2021. At steady-state production, 5.9-million tonnes of ore will be treated in the existing process plant to produce some 4.5-million carats a year.  Anglo American subsidiary... 

Venetia Underground on track to start production in 2021

Lower PGMs output drags overall mining production down in August 

By: Creamer Media Reporter      10th October 2019 South Africa's mining production decreased by 3.2% year-on-year in August. "Due to its large weight in the mineral group basket of about 24%, the 12.5% year-on-year decline in the platinum group metals (PGM) output subtracted three percentage points from the overall sector’s production decline. 

New deputy CEO appointed for Alrosa

By: Creamer Media Reporter      10th October 2019 Russian diamond miner Alrosa has appointed Evgeny Aguree its deputy CEO to improve the supply chain of the company and look for new approaches to stimulate rough diamond sales. The 41-year old has been a director of the United Selling Organisation of Alrosa (USO) since 2017 and will continue to... 

Lucapa bags a further A$15.5m in revenue

By: Esmarie Iannucci     10th October 2019 Diamond miner Lucapa has generated a further A$15.5-million in revenue from diamond sales, bringing the combined 2019 sales figure to date to A$65.7-million from its Lulo and Mothae mines, in Angola and Lesotho respectively. The ASX-listed miner noted that 5 469 ct of Lulo diamonds were sold at... 

Lucapa sets production records

By: Esmarie Iannucci     9th October 2019 Diamond miner Lucapa has set production records in the three months to September, with the ASX-listed company recovering 14 610 ct during the period under review. Production at the Lulo alluvial mine, in Angola, reached 7 603 ct during the quarter, a 67% increase on the previous corresponding... 

Rio Tinto completes 'ambitious' sampling programme at Star kimberlite using new technology

By: Creamer Media Reporter      9th October 2019 Diversified major Rio Tinto has completed the drilling of ten bulk trenches to conclude its sampling programme on Canadian junior Star Diamond’s Star kimberlite, using a new technology. The trench cutter sampling rig that Rio Tinto Exploration Canada (RTEC) used at Star, which is located in the... 

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Barbara Creecy
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

WDC focuses on strengthening scope of Kimberley Process during AGM

By: Tasneem Bulbulia     8th October 2019 Members of the World Diamond Council (WDC) assembled in Antwerp, Belgium, on October 2 and 3, for the organisation’s annual general meeting (AGM), where proceedings were dominated by discussions about the pending conclusion of the Kimberley Process’ review and reform process, and the related call... 

Ex-head of Alrosa's flooded Russian mine found dead in custody

By: Reuters     8th October 2019 The former head of a Siberian diamond mine owned by Alrosa where eight men were killed in a flood two years ago was found dead in a pre-trial detention centre on Tuesday, a day after he was arrested, Russian investigating authorities said. A regional branch of the federal Investigative Committee... 

Karelian Diamonds raises capital

By: Creamer Media Reporter      7th October 2019 Finland-focused explorer Karelian Diamonds has raised £50 000 through a subscription of 1 428 571 new ordinary shares of €0.00025 each, at a price of 3.5p each. The net proceeds of the subscription will be applied for general working capital purposes. 

Unusual discovery: Alrosa finds 'diamond within a diamond'

By: Creamer Media Reporter      7th October 2019 Russian miner Alrosa has discovered what believes to be a first in the history of global diamond mining: a diamond with another diamond moving freely inside it. The unusual stone, which resembles a traditional Russian Matryoshka doll, was mined in Yakutia, Russia. 

Unusual discovery: Alrosa finds 'diamond within a diamond'

Petra puts 20.08 ct blue diamond up for tender

By: Tasneem Bulbulia     7th October 2019 LSE-listed Petra Diamonds will hold a special tender for the sale of a 20.08 ct blue diamond recovered from the Cullinan mine, in South Africa, in September. Viewings, which can be reserved via appointment, will take place from November 1 to 7 at Petra's diamond marketing offices in Johannesburg. 

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Fiona Perrot-Humphrey, Sandy McGregor and Myuran Rajaratnam
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Power supply issues disrupt production at Liqhobong

By: Creamer Media Reporter      4th October 2019 Aim-listed Firestone Diamonds' share price on the LSE fell by nearly 28% on Friday after it announced that power supply issues had disrupted production at its 75%-owned Liqhobong diamond mine, in Lesotho. The mine receives its electricity from the Muela hydropower station (MHS), which is owned by... 

Newfield making progress in developing Sierra Leone diamond mine

By: Creamer Media Reporter      4th October 2019 ASX-listed Newfield Resources has completed the blasting of the boxcut for the portal access to the underground declines at its Tongo diamond mine, in Sierra Leone. "Work is now focussed on providing the necessary support of the boxcut and shaping of the haul road to attain the right angle of... 

Lesotho renews Gem Diamonds' Letšeng mining lease

By: Creamer Media Reporter      4th October 2019 The government of Lesotho has renewed the mining lease for LSE-listed Gem Diamonds' Letšeng mine. This followed a statutory negotiation process between Gem and the Lesotho Mining board. 

Concerns raised about modern slavery in supply chains

By: Kim Cloete     4th October 2019 Lawyers and activists have warned about the rising modern global slave trade, saying that up to 25 million modern slavery victims are exploited in global supply chains. They are enslaved across the spectrum, from farming, domestic work and construction to clothing factories, mines, the beauty... 

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Nicky Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

Tailings presents opportunity for wet processing experts

By: Tracy Hancock     4th October 2019 Wet-processing equipment company CDE South Africa is targeting iron-ore and gold mining operations with low-grade ore and tailings dumps, as it believes this is where potential for growth lies in South Africa. “In the iron-ore space we have had a lot of success in beneficiating low-grade waste... 

PATENTED TECHNOLOGY
CDE Business Development Manager for sub-Saharan Africa Wayne Warren dwarfed by an AggMax logwasher plant incorporating an Infinity screen at a diamond mine site in in the region
PATENTED TECHNOLOGY CDE Business Development Manager for sub-Saharan Africa Wayne Warren dwarfed by an AggMax logwasher plant incorporating an Infinity screen at a diamond mine site in in the region

De Beers maintains sales flexibility as latest cycle earns it $295m

By: Creamer Media Reporter      3rd October 2019 Diamond miner De Beers sold $295-million worth of diamonds during the eighth sales cycle of the year. This was higher than the $287-million worth of diamonds sold during the seventh sales cycle of this year, but well below the $482-million of diamonds sold in the eighth sales cycle of 2018. 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

Minerals Council South Africa president Mxolisi Mgojo.
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Modern, sustainable mining can build thriving communities – Anglo  

By: Martin Creamer     2nd October 2019 Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba. Cutifani said... 

Anglo American CEO Mark Cutifani.
Anglo American CEO Mark Cutifani’s Joburg Indaba address covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.
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