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Diamonds News
Increased transparency in diamond transactions needed, says WFDB
By: Simone Liedtke 30th September 2019 The World Federation of Diamond Bourses (WFDB) presidents’ meeting, after a special session on blockchain technology and supply source traceability, has decided to take steps to further improve transparency in diamond transactions. The decision came after a debate on the conclusions of a panel... →
De Beers Group Auctions appoints new product development, sales head
By: Simone Liedtke 30th September 2019 De Beers Group Auctions has appointed Alastair Bickerstaff as its product development and sales head. The new role is an amalgamation of two instrumental elements of the business, namely product development and sales. →
Proudly South African anti-cable theft technology already deployed on 12 sites
By: Martin Creamer 30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... →
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.
De Beers keeps special terms in place for another diamond sale
By: Bloomberg 27th September 2019 De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American unit extended the policy from its August sale to customers... →
De Beers, UN Women celebrate the success of their partnership
By: Tasneem Bulbulia 27th September 2019 On the second anniversary of becoming a HeForShe Thematic Champion and partnering with UN Women, De Beers Group on Thursday announced that more than 700 women micro-entrepreneurs in Namibia and South Africa have successfully completed their training. The Accelerating Women Owned Micro-Enterprises... →
Angola mulls major change in diamond marketing as minerals roadshow rolls on
By: Rebecca Campbell 27th September 2019 Angola is considering the creation of a diamond exchange. This was stated by the country’s Minerals Resources and Petroleum Minister, Diamantino Azevedo, during the recent inauguration of a diamond polishing facility (Angola’s third) in Luanda. (Diamantino means diamantine.) →
Rio Tinto sees rosy future for diamonds despite end of Argyle
By: Reuters 26th September 2019 Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said. Demand and prices for the wider market have fallen as... →
Lucara recovers gem-quality blue, pink diamonds at Karowe
By: Creamer Media Reporter 26th September 2019 Vancouver-headquartered Lucara Diamond Corp has recovered a 9.74 ct gem-quality blue diamond and a 4.13 ct gem-quality pink diamond at its Karowe mine, in Botswana. The diamonds were recovered from direct milling of South Lobe ore. →
First glimpse into Mining Indaba 2020 programme 
By: Martin Creamer 26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... →
Alrosa board approves Kristall acquisition
By: Creamer Media Reporter 25th September 2019 The supervisory board of Russian diamond miner Alrosa has approved the acquisition of diamond polisher Kristall from the Russian Federation. Kristall, which processes more than 200 000 ct/y from feedstock supplied by Alrosa, is valued at 1.89-billion ruble. →
Botswana Diamonds appoints EDC to mine, process Marsfontein gravels
By: Tasneem Bulbulia 25th September 2019 Botswana Diamonds, together with its associate Vutomi, has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm, in Limpopo. Botswana Diamonds... →
Petra recovers 20 ct blue diamond at Cullinan
By: Creamer Media Reporter 23rd September 2019 London-listed Petra Diamonds has recovered a 20.08 ct blue gem-quality Type IIb diamond from the Cullinan mine, in South Africa's Gauteng province. "Today's recovery not only demonstrates the quality of Petra's asset base, as the Cullinan diamond mine remains a significant source of rare blue... →
BlueRock sells another high value diamond
By: Simone Liedtke 20th September 2019 Aim-listed BlueRock Diamonds has sold a 10.6 ct diamond for $103 000. This is the sixth diamond sold for more than $50 000 this year. Together, the six diamonds have generated revenues of $600 000. →
Namdeb sells mothballed diamond mine
By: Rebecca Campbell 20th September 2019 Namibian diamond mining company Namdeb, a 50:50 joint venture between the De Beers Group (itself a subsidiary of Anglo American plc) and the Namibian Government, has sold its Elizabeth Bay mine (and associated marine assets) to the Lewcor Group. The basic deal is worth N$120-million. →
Public Enterprises Committee expresses concern over Alexkor
By: Tasneem Bulbulia 19th September 2019 The Portfolio Committee on Public Enterprises says State-owned diamond miner Alexkor is in trouble. The committee was on Wednesday briefed by the Department of Public Enterprises (DPE) and Alexkor on progress made in addressing the miner’s governance challenges and financial performance. →
Stornoway delisting set for October 18
By: Creamer Media Reporter 19th September 2019 Embattled diamond miner Stornoway Diamond Corp has been informed that it will be delisted from the TSX at the close of market on October 18. The company, which operates the Renard mine, in Quebec, was granted credit protection earlier this month to restructure its business and financial affairs. →
Lucara recovers 123 ct diamond
By: Creamer Media Reporter 18th September 2019 Canada-based miner Lucara Diamond Corp has recovered a 123 ct gem-quality top white Type II diamond at its Karowe mine, in Botswana. The diamond was recovered from direct milling ore sourced from the eastern magmatic/pyroclastic kimberlite (EM/PK(S)) unit of the South Lobe. →
Alrosa mulls acquisition of diamond factory
By: Creamer Media Reporter 17th September 2019 Russian diamond miner Alrosa is considering the acquisition of Russia's largest producer and exporter of polished diamonds, Kristall, which is valued at 1.89-billion ruble. Kristall processes more than 200 000 ct/y of rough diamonds, with 90% of diamond feedstock supplied by Alrosa. →
Petra records solid full-year performance despite weak market
By: Tasneem Bulbulia 16th September 2019 Aim-listed Petra Diamonds achieved a solid operational performance for the financial year ended June 30, generating operating free cash flow of $70.5-million, despite a weaker market, and during the company’s transition from its expansionary capital expenditure (capex) phase towards steady-state... →
De Beers Namibia diamond venture sells mine to local consortium
By: Reuters 13th September 2019 Namdeb Holdings, a joint venture between the Namibian Government and Anglo American's diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully... →
Angola adds New York to roadshow itinerary, opens new diamond polisher
By: Rebecca Campbell 13th September 2019 The Angolan Ministry of Mineral Resources and Petroleum has announced that the public bidding process for five minerals concessions, being offered to local and international investors, will be opened on October 7. Previously, it had been expected that the bidding period would run from September... →
South African mining output rises for first time in nine months
By: Bloomberg 12th September 2019 South African mining output increased for the first time in nine months in July as coal and iron-ore production surged. Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa said in a report on its website Thursday.... →
Environmental authorisation granted for Botswana Diamonds’ Marsfontein mine
By: Tasneem Bulbulia 12th September 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has been granted an environmental authorisation over a substantial portion of the residual diamond-bearing gravels produced from the high-grade Marsfontein mine, which is contiguous to the Thorny River operation, in South Africa’s Limpopo province.... →
Zimbabwe holds diamond auction for 316 000 ct
By: Bloomberg 11th September 2019 Zimbabwe’s State-owned Minerals Marketing Corporation opened a 316 000 ct diamond auction, which will close at the end of the week, an official said. “This is the third auction we have conducted this year as there were some administrative issues which were taking place within the organization,"... →
Pangolin Diamonds raises $848 860 for exploration
By: Tasneem Bulbulia 10th September 2019 Pangolin Diamonds on Monday closed a nonbrokered private placement financing for aggregated gross proceeds of $848 860. The proceeds will be used to continue exploration at the company’s wholly owned exploration projects in Botswana, including the Phase 1 drilling programme at MSC, the company’s... →
Alrosa reports $181.8m in August sales
By: Reuters 10th September 2019 Russian diamond producer Alrosa said its rough and polished diamond sales stood at $181.8-million in August, its second lowest monthly sales figure this year. "The diamond market is still experiencing headwinds from both macroeconomic and industry specific factors, which have an adverse impact... →
Osisko to buy embattled miner Stornoway
By: Mariaan Webb 10th September 2019 Mining royalty and streaming company Osisko Gold Royalties has entered into a letter of intent (LoI) to form an entity to acquire embattled diamond miner Stornoway Diamonds, which was granted creditor protection by a Quebec court on Monday. Osisko and secured creditors would acquire “all, or... →
Alrosa seeks to brighten up its fluorescent diamond sales
By: Reuters 9th September 2019 Russia's Alrosa is talking to several global jewellery retailers about jointly marketing the miner's jewellery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones. Diamond miners, which have long excelled at marketing, are seeking new approaches to... →
Botswana leader sees new diamond pact with De Beers after vote
By: Bloomberg 6th September 2019 Botswana’s government and De Beers are in “cordial” negotiations about a new diamond-sales pact to replace their current 10-year deal which expires in 2020 and it should be concluded after next month’s election, President Mokgweetsi Masisi said. “Everything is going as planned,” Masisi said... →
Multiple factors prompt amendment of Zim law
By: Theresa Bhowan 6th September 2019 The announcement of the intention to repeal the Indigenisation and Economic Empowerment Act by the Zimbabwe government in March 2019 was driven by various factors, including investor, political and legal motivations, global law practice and legal services provider Eversheds Sutherland tells... →
Bright horizons for investors, Zimbabwe diamond industry
By: Theresa Bhowan 6th September 2019 Russian diamond miner Alrosa says one of the motivations behind signing the $12-million joint venture (JV) agreement with national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) is to develop cooperation between Alrosa and its Zimbabwean partners and increase Alrosa’s presence in... →
Currency crisis, mining policy uncertainty crippling economy
By: Theresa Bhowan 6th September 2019 While investor sentiment toward Zimbabwe is expected to improve, the country faces yet another economic crisis in the form a currency crisis that could deter investors who have had their interest in the country piqued recently, law firm Webber Wentzel tells Mining Weekly. “The indigenisation law,... →
Mining sector is Zimbabwe’s greatest hope
By: Theresa Bhowan 6th September 2019 The optimism following the ousting of former Zimbabwean President Robert Mugabe was short-lived, with the realisation that it would not result in substantial change in the short term, or immediate return of foreign investment to Zimbabwe. This also came with the realisation that the once-healthy... →
Power supply hampering Zimbabwe mining
By: Theresa Bhowan 6th September 2019 Despite experiencing growth last year, intermittent power supply and a lack of new foreign direct investment (FDI) are the main causes of the Zimbabwe mining sector’s declining performance, says specialist strategy and communications consultancy Africa Practice mining sector lead Rishon Chimboza. →
Angola is presenting mineral concessions in international centres
By: Rebecca Campbell 6th September 2019 The Angolan Government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on... →
Gem’s cost-cutting drive on track
By: Tasneem Bulbulia 5th September 2019 LSE-listed Gem Diamonds continues with the successful implementation of its business transformation programme, which is aimed at achieving $100-million in incremental revenue, productivity improvements and cost savings to the end of 2021. Reporting on the diamond miner’s results for the six... →
Alrosa to consider withdrawal from subsidiary Alrosa-Nyurba
By: Reuters 5th September 2019 Alrosa said on Thursday its supervisory board will consider terminating the Russian diamond miner's participation in the share capital of Alrosa-Nyurba on September 10 by way of voluntary liquidation of Alrosa-Nyurba. The voluntary liquidation, in case it gets an approval from Alrosa's board and... →
Mining investments in Zimbabwe 
5th September 2019 Mining Weekly and Engineering News Senior Deputy Editor Martin Zhuwakinyu unpacks the investments in Zimbabwe’s mining sector. →
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