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Diamonds News

Botswana Diamonds, Vast sign new agreement over Zim diamond concession

By: Simone Liedtke     28th November 2019 Dual-listed diamond explorer Botswana Diamonds and Aim-listed Vast Resources have signed the terms of a new agreement in respect of their proposed joint venture (JV) in the Chiadzwa Marange area, in Zimbabwe. When the detailed agreement between Vast’s Katanga Mining subsidiary and Zimbabwe... 

South Africa is Anglo’s best performing mining jurisdiction ­– Cutifani

By: Martin Creamer     27th November 2019 South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved. Cutifani described South Africa as “a wonderful... 

Anglo American CEO Mark Cutifani
Photo by Creamer Media's Martin Creamer
Anglo American CEO Mark Cutifani

Zimbabwe miners appeal to Minister over power-supply failure

By: Bloomberg     26th November 2019 Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber of Mines wrote in a letter last... 

Diamond industry at ‘inflection point’ – DMCC report

By: Mariaan Webb     26th November 2019 The global diamond industry will require a new narrative and a rebranding to secure its future, a new report has warned. The Dubai Multi Commodities Centre (DMCC) states in its ‘Diamonds Changing Forever’ report that the global industry is at a “major inflection point”. 

Diamond industry at ‘inflection point’ – DMCC report

Anglo American joins ResponsibleSteel initiative 

By: Creamer Media Reporter      25th November 2019 Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme. ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel... 

KP plenary fails to reach consensus on strengthened scope  

By: Marleny Arnoldi     22nd November 2019 The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the end of the KP’s three-year reform and review... 

KP plenary fails to reach consensus on strengthened scope

Rio tenders pink diamonds

By: Esmarie Iannucci     22nd November 2019 Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia. The 2019 collection, the 35th tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine... 

‘Nesting doll’ diamond stays in Alrosa’s rare-find collection

By: Creamer Media Reporter      21st November 2019 The unusual “diamond in a diamond” that Russian miner Alrosa mined earlier this year, will not be put up for sale and will remain in the company’s collection of rare finds. The collection already includes a skull-shaped rough diamond and a football-shaped rough diamond that were mined in recent... 

‘Nesting doll’ diamond stays in Alrosa’s rare-find collection

Namdeb seeks tax breaks to extend operations

By: Reuters     21st November 2019 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023. Diamond mining is the largest taxpayer in Namibia and generates 20% of... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Charles Mostert (right) interviewed by Martin Creamer.
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

If stronger scope is not agreed at KP meeting, reform has ‘failed’, says council

By: Marleny Arnoldi     19th November 2019 World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market. He opened the KP plenary meeting, in India, on... 

Trans Hex to delist from JSE on Dec 3

By: Creamer Media Reporter      19th November 2019 Diamond miner Trans Hex expects the delisting of its shares on the JSE to be concluded on December 3. It proposed the delisting in July, when it announced a share buyback programme to purchase the issued share capital of shareholders at R1 apiece. 

Lucapa recovers two large diamonds at Mothae

By: Esmarie Iannucci     18th November 2019 Diamond miner Lucapa has recovered two diamonds larger than 100 ct each from its Mothae kimberlite mine, in Lesotho. The ASX-listed company on Monday said that a 22 ct diamond and a 127 ct diamond were recovered from the treatment of recovery tailings, and while neither stone was of... 

Petra dissolves COO position as part of efficiency drive

By: Marleny Arnoldi     18th November 2019 London-listed Petra Diamonds has effected some organisational changes to help facilitate the rapid execution of its Project 2022 strategy. These changes include a flatter management structure, with mines now reporting directly to CE Richard Duffy.  

Petra Diamonds CE Richard Duffy
Photo by Creamer Media
Petra Diamonds CE Richard Duffy

Rio Tinto to exercise Star Diamond options

By: Mariaan Webb     15th November 2019 British Australian mining giant Rio Tinto has indicated that it intends to exercise its options under a 2017 option-and-joint-venture agreement with Saskatoon-based explorer Star Diamonds, which owns the Fort a la Corne kimberlites in central Saskatchewan. TSX-listed Star Diamonds announced on... 

Petra sells 20.08 ct blue diamond for $14.9m

By: Creamer Media Reporter      15th November 2019 London-listed Petra Diamonds has sold a 20.08 ct blue diamond, recovered at its Cullinan mine, in South Africa, in September, for $14.9-million. This represents a value of about $741 000/ct. 

Botswana Diamonds outlines near-term focus areas

By: Marleny Arnoldi     15th November 2019 Aim-listed Botswana Diamonds (BOD) on Friday shared details of its areas of focus and strategy for the near future. This includes the ramp-up of its South African Marsfontein operation, which produced its first diamonds from gravels and residual stockpiles, earlier this week. The company intends... 

Angolan diamond production, polishing capacity expanding

By: Rebecca Campbell     15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... 

Angolan diamond production, polishing capacity expanding

By: Rebecca Campbell     15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... 

Diamond jewellery sales rise in US as precious gem prices fall

By: Bloomberg     13th November 2019 Five years ago, the diamond industry’s biggest worry was being forgotten by millennials, who – the theory went – didn’t covet sparkly gems the way their parents had. The concern turned out to be mostly unfounded, but the reality is almost worse. While Americans are buying more diamond jewelry... 

Zimbabwe to enforce 'use it or lose it' policy for mining assets

By: Reuters     13th November 2019 Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday. Chitando said some investors had not developed gold and platinum assets that they had held dating back to... 

De Beers reports improved rough diamond buyer sentiment

By: Marleny Arnoldi     13th November 2019 Diamond miner De Beers’ rough diamond sales value for the ninth sales cycle of this year increased to $390-million, compared with the $297-million reported for the eighth sales cycle. Sales were, however, lower than the $442-million recorded for the ninth sales cycle of 2018.  

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

BOD recovers first diamonds from residual stockpiles at Marsfontein

By: Marleny Arnoldi     12th November 2019 London-listed Botswana Diamonds (BOD) has recovered the first diamonds from its plant commissioning activities at the Marsfontein mining permit. The company’s 40%-owned associate Vutomi Mining was last month granted a mining permit for the diamond-bearing gravels and residual unprocessed... 

In Kimberley, the world's diamond capital, illicit mining fight flounders 

By: Reuters     11th November 2019 The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade. The project was launched 18 months ago in Kimberley, the site of a nineteenth-century... 

In Kimberley, the world's diamond capital, illicit mining fight flounders

Vast appoints new FD

By: Creamer Media Reporter      11th November 2019 Aim-listed Vast Resources has appointed Paul Fletcher FD with immediate effect. He has been CFO of the company since February. 

Alrosa sees diamond pipeline heading towards a balance

By: Creamer Media Reporter      8th November 2019 The diamond pipeline appears to be heading towards a balance again, as the world’s major producers had reduced supply by a quarter since the beginning of the year, the CFO of Russian miner Alrosa said on Friday. Commenting on the company’s third-quarter and nine-month results, Alexey... 

Alrosa sees diamond pipeline heading towards a balance

KP plenary will be ‘watershed’ moment for the industry – council

By: Marleny Arnoldi     8th November 2019 Those involved in the build-up to the Kimberley Process (KP) plenary meeting to be held in New Delhi, India, later this month, are experiencing “whirlwind days”, the World Diamond Council (WDC) said in a blog post this week. The KP plenary meeting will open on November 18 and conclude on... 

New mine to uplift Angola’s diamond production

By: Rebecca Campbell     8th November 2019 Angola should produce 14-million carats of diamonds between now and 2022. This was reported by Empresa Nacional de Prospecção, Exploração, Lapidação e Comercialização de Diamantes de Angola (the National Company for the Prospecting, Mining, Polishing and Commercialisation of Diamonds of Angola –... 

Hamstrung Zimbabwe miners call to keep export earnings in dollars

By: Reuters     7th November 2019 Zimbabwean mining firms want to retain all of their export earnings in foreign currencies, saying they are disadvantaged by having a proportion paid to them in Zimbabwe dollars. President Emmerson Mnangagwa's government is pinning its hopes on the mining sector, which generates Zimbabwe's biggest... 

Anglo American says Eskom poses a major risk for investors 

By: Bloomberg     6th November 2019 South Africa’s beleaguered State power utility and regulatory uncertainty are the biggest risks for investors wanting to put their money in the country, according to Anglo American. The challenges presented by Eskom Holdings “probably represents our single most-important risk we deal with,” Anglo... 

Lower diamond prices a concern for Gem; Letšeng mining lease renewed 

By: Simone Liedtke     5th November 2019 The Lesotho government has renewed the mining lease for LSE-listed Gem Diamonds’ Letšeng mine, CEO Clifford Elphick confirmed on Tuesday. The terms of the renewed mining lease were agreed with the Lesotho Mining Board following a statutory negotiation process. The lease was renewed for an... 

Feasibility study proves benefits of Karowe underground expansion 

By: Simone Liedtke     5th November 2019 The underground expansion at diamond miner Lucara Diamonds' 100%-owned Karowe diamond mine, in Botswana, is expected to not only double its mine life, but also generate significant revenue and cashflow until 2040. A feasibility study into the underground expansion has found that the adapted... 

The Karowe openpit mine
The Karowe openpit mine

De Beers cuts diamond prices by about 5% as industry crisis deepens 

By: Bloomberg     4th November 2019 De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years. The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, according to people familiar with the matter, who... 

De Beers cuts diamond prices by about 5% as industry crisis deepens

Production resumes at Firestone's Liqhobong mine 

By: Creamer Media Reporter      1st November 2019 Production at Aim-listed Firestone Diamonds' Liqhobong mine, in Lesotho, has resumed, after the company successfully installed rented diesel generators to power the mine's processing plant. The diamond miner last month reported that the mine was struggling amid insufficient power supply from the... 

Petra Diamonds establishes second artisanal mining initiative

By: Simone Liedtke     31st October 2019 London-listed Petra Diamonds on Thursday launched its Artisanal Small-scale Mining initiative in the Free State. The launch follows a process of consultation and cooperating with relevant stakeholders, including the Department of Mineral Resources and Energy, the Letsemeng local municipality, and... 

Anglo's green transport, APEC, De Beers' Cobalt interest make headlines  

31st October 2019 Mining Weekly editor Martin Creamer unpacks green worker transport in Chile, the Asia Pacific Economic Cooperation and De Beers’ interest in Cobalt.   

Anglo's green transport, APEC, De Beers' Cobalt interest make headlines
Anglo's green transport, APEC, De Beers' Cobalt interest make headlines

Petra undertakes risk assessment at Cullinan

By: Creamer Media Reporter      30th October 2019 London-listed Petra Diamonds has temporarily halted operations at its Cullinan mine, in South Africa, while it undertakes a risk assessment following the scaling of the openpit wall over the weekend. The company on Wednesday reported that a thunderstorm on October 26 had resulted in a "notable... 

De Beers Canada explores near Cobalt

By: Creamer Media Reporter      30th October 2019 De Beers Canada has started preliminary drilling at properties near the town of Cobalt, in Ontario. De Beers is drilling at TSX-V-listed Tri Origin’s Nipissing Cobalt and South Abitibi project, near Cobalt. This will be the first time that these targets will be tested, the junior said on Tuesday. 

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