R/€ = 19.8330 Change: -0.0260
R/$ = 18.1642 Change: -0.1392
Au 1977.82 $/oz Change: 8.00
Pt 985.30 $/oz Change: 12.88

Diamonds News

Lucapa receives further A$8.8m tranche from Sociedade Mineira Do Lulo

By: Darren Parker     14th December 2022 ASX-listed Lucapa Diamond Company has received a further A$8.8-million tranche from diamond company Sociedade Mineira Do Lulo (SML).  That completes the previously approved SML shareholder loan repayment of A$14.8-million, Lucapa said on December 14.  

South Africa's mining production down 10.4% y/y in Oct

By: Creamer Media Reporter      13th December 2022 South Africa's mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank's economics unit pointed out that this marked the ninth consecutive month... 

Petra reports a year-on-year decrease in revenue from diamond sales

By: Darren Parker     13th December 2022 Diamond producer Petra Diamonds has announced the results of Tender 3 of its 2023 financial year, at which 305 366 ct were sold for $42.3-million. The results of Tender 3 bring revenue for the current financial year to date from rough diamond sales to $206.4-million, with no exceptional diamond... 

World’s rapid rate of change resulting in profound business disruptions, says Anglo CEO  

By: Martin Creamer     9th December 2022 The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining... 

Anglo American CEO Duncan Wanblad.
Anglo investor update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Diamcor reports two lucrative tenders for the third quarter

By: Marleny Arnoldi     9th December 2022 TSX-V-listed Diamcor Mining has achieved a 121% quarter-on-quarter increase in total carats sold to more than 8 300 ct, for revenues exceeding $2-million, in the third quarter. This, says CEO Dean Taylor, demonstrates the company’s ability to generate significant revenues without the added... 

Extortion ‘mafia’ hits South Africa’s $55bn mining sector

By: Bloomberg     9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... 

A machine on site at a mining operation

Botswana Diamonds reports project development progress

By: Tasneem Bulbulia     8th December 2022 Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company. The company on December 8 reported its results for the financial year... 

Lulo continues to deliver for Lucapa

By: Esmarie Iannucci     8th December 2022 Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that some 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample, with five diamonds... 

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

De Beers appoints its first black-owned sightholder in South Africa

By: Marleny Arnoldi     5th December 2022 As part of diamond miner De Beers Group’s strategic objective of driving transformation in the local diamond sector, the group has appointed its first majority black-owned sightholder, Molefi Letsiki Diamonds (MLD), effective January 1 next year. Molefi Letsiki is an alumnus of De Beers’... 

Phase 1 drilling completed for extension discovery at Gahcho Kué mine

By: Tasneem Bulbulia     1st December 2022 Canadian miner Mountain Province Diamonds has published Phase 1 drilling results for the discovery, as reported in July, of the Hearne Northwest Extension at the Gahcho Kué mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué mine, which is presently ranked as fourth... 

Low risk of further breaches at Williamson TSF, but production restart pushed to mid-2023

By: Schalk Burger     30th November 2022 LSE-listed diamond producer Petra Diamonds' assessment team has concluded that there is a low risk of further breaches of the tailings storage facility (TSF) at the Williamson mine, in Tanzania, or a breach of the New Alamasi water dam. This follows the November 7 breach of the eastern wall of... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

$105m earmarked for Karowe expansion in 2023

By: Mariaan Webb     29th November 2022 Vancouver-based Lucara Diamond will spend up to $105-million next year on the underground expansion of its Karowe mine, in Botswana. In its 2023 operating guidance, the company says that its focus will be predominantly on shaft sinking activities, along with the construction of the bulk air... 

Newfield enters into sales agreement with DelGatto Diamond Finance Fund

By: Tasneem Bulbulia     28th November 2022 ASX-listed Newfield Resources has entered into an asset purchase and sales agreement with DelGatto Diamond Finance Fund (DDFF) for an initial amount of $1.2-million (before costs), payable within 12 months from future diamond sales, to assist with the continued development of the company’s Tongo... 

Alexkor issues tender for West Coast diamond contract miners

By: Donna Slater     28th November 2022 State-owned diamond miner Alexkor, through its pooling and sharing joint venture (PSJV) with the Alexkor Richtersveld Mining Company (RMC), has issued an expression of interest for contract diamond miners to mine areas along the West Coast of South Africa. Principal qualifying contractors have... 

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

De Beers sponsors newly launched jewellery showcase at Montecasino

By: Marleny Arnoldi     25th November 2022 Diamond miner De Beers has partnered with the Jewellery Council of South Africa to serve as the main headline sponsor of this year’s ShopJewellex, a newly launched retail-consumer jewellery showcase to be held at Montecasino over the Black Friday weekend. ShopJewellex will showcase the latest... 

Petra reports 6% y/y rise in second yearly diamond tender sales

By: Donna Slater     25th November 2022 Diamond miner Petra Diamonds sold 447 276 ct of diamonds for $61.3-million during its second tender for the 2023 financial year. Sales were up 6% year-on-year as a result of the final closure date of the tender being extended owing to unusual market conditions with some build up in inventory... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears  

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Mountain Province makes new kimberlite discovery

By: Mariaan Webb     23rd November 2022 Canadian mining company Mountain Province has discovered a new kimberlite as part of its Kennady North exploration programme, which focuses on the claims and leases surrounding the Gahcho Kue diamond mine, in the Northwest Territories. The new KE kimberlite is a distinct occurrence that is... 

Green energy, Venetia's underground project make headlines   

18th November 2022 Mining Weekly Editor Martin Creamer discusses the Motsepe Foundation's $2-million Green Energy competition; Palabora’s partnership with Mzansi energy to develop a solar PV plant with an energy storage system; and Venetia's underground project which is hoping for first production next year.   

Photo of Martin Creamer
Green energy, Venetia's underground project make headlines

Lucara and HB Trading extend sales agreement

By: Creamer Media Reporter      17th November 2022 Vancouver-based Lucara Diamond Corp has extended the sales agreement with HB Trading for the high-value diamonds from the Karowe mine, in Botswana, for another ten years. Under the agreement, Lucara’s +10.8 ct production is sold at prices based on the estimated polished outcome of each diamond,... 

Star Diamond president and CEO retires

By: Creamer Media Reporter      17th November 2022 Toronto-listed Star Diamond on Wednesday announced that president and CEO Ken MacNeill would retire as an executive and director of the company with effect from December 31. Chairperson Ewan Mason extended the board’s gratitude to MacNeill for his years’ of service and his perseverance in... 

De Beers reports good demand for rough diamonds in latest sales cycle

By: Tasneem Bulbulia     16th November 2022 The value of diamond miner De Beers’ rough diamond sales for the ninth sales cycle of the year amounted to $450-million. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers group says it has continued to implement a more flexible... 

An image of De Beers diamond sales
De Beers group continued to implement a more flexible approach to rough diamond sales during this cycle

Lucapa reports another successful tender

By: Esmarie Iannucci     16th November 2022 Diamond miner Lucapa has generated A$30.1-million in revenue from its latest international diamond tender, which featured seven special sized diamonds weighing 767 ct recovered at its Lulo mine, in Angola. The ASX-listed company on Wednesday said that the seven diamonds averaged A$39 237/t, with... 

Sparkling Venetia underground diamond project heading for first production in 2023 

By: Martin Creamer     15th November 2022 A visit by Mining Weekly to the Venetia Underground Project (VUP) on November 14 provided far-reaching insight into this major diamond development that is scheduled to achieve occupational readiness and first production next year – "hopefully in the first part of the year, all going well", said... 

Mining Weekly was part of this week's Venetia Underground Project media visit.
Mining Weekly was part of this week's Venetia Underground Project media visit.

Petra says it may take three months before mining can resume at Williamson

By: Creamer Media Reporter      10th November 2022 A technical team from Tanzanian diamond mining company Williamson Diamonds (WDL) is working with a South African technical team from its parent company, London-listed Petra Diamonds, to safely resume production at the Williamson mine, where a tailings storage facility (TSF) breach occurred... 

South Africa's mining output contracts again, but mineral sales accelerate

By: Creamer Media Reporter      10th November 2022 South Africa's mining production contracted by 4.5% year-on-year in September. The largest negative contributors were iron-ore (-23.1% and contributing -2.7 percentage points) and gold (-12.4% and contributing -2.1 percentage points). 

World Diamond Council proposal breaks Kimberley Process ratification impasse 

By: Donna Slater     10th November 2022 A proposal by the World Diamond Council (WDC) managed to break an impasse at this year’s Kimberley Process (KP) meeting, in Botswana, during which a communiqué had to be ratified by consensus on the implications of the war in Ukraine on the Kimberley Process. For several hours during the final... 

WDC president Edward Asscher
WDC president Edward Asscher

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

Zimbabwe's new mineral royalty policy comes into force

By: Reuters     8th November 2022 Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Botswana wins bid to host anti-conflict diamond watchdog

By: Reuters     7th November 2022 Botswana has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups, but its members remain divided over Russia's invasion of Ukraine. The KP, a coalition of governments, the diamond industry and... 

Petra says eastern wall of Williamson tailings dam breaches, teams on site

By: Donna Slater     7th November 2022 Diamond miner Petra Diamonds reports that an eastern wall of a tailings storage facility at its Williamson mine, in Tanzania, was breached earlier on November 7, resulting in flooding away from the pit and extending into areas outside of the mine lease area. Emergency response teams from... 

The Williamson mine in Tanzania

World Bank’s Malpass visits Komati power station after approving JET loan 

By: Donna Slater     7th November 2022 Public Enterprises Minister Pravin Gordhan welcomed World Bank president David Malpass to State power utility Eskom’s Komati power station following the bank’s approval of a R9-billion ($497-million) concessional loan to repurpose and repower the coal-fired power station into one which uses... 

Diamond miner Lucara on track for solid year, says CEO Thomas

By: Mariaan Webb     3rd November 2022 Canada-based miner Lucara Diamond Corp is on track for a solid year, with sales from its large, high-value diamonds continuing to achieve healthy prices, despite recent market softening, president and CEO Eira Thomas reported on Wednesday. The company sells its gem and near-gem diamonds greater... 

Criminal case to be opened against Jagersfontein Developments

By: News24Wire      3rd November 2022 In the wake of a devastating tailings dam wall collapse in the Free State, the Deputy Minister of the Department of Water and Sanitation (DWS), David Mahlobo, will open a criminal case against Jagersfontein Developments on Friday.  The department said the criminal case pertains to contraventions... 

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