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Diamonds News

Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal  

By: Martin Creamer     5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Petra appoints three new nonexec directors

By: Tasneem Bulbulia     1st July 2021 Diamond miner Petra Diamonds has announced the appointment of three new nonexecutive directors, effective immediately. Deborah Gudgeon has been appointed independent nonexecutive director and chair-designate of the Audit & Risk Committee. 

Nonconforming diamond producers will be left behind, warns WDC 

By: Marleny Arnoldi     28th June 2021 World Diamond Council (WDC) president Edward Asscher foresees that the diamond industry will soon have two distinct value chains, one encompassing responsibly sourced diamonds and one that does not. During the closing session of the 2021 Intersessional Meeting of the Kimberley Process (KP), he... 

Third Sodiam diamond auction nets nearly $57m in sales

By: Donna Slater     25th June 2021 Angolan State diamond marketing company Sodiam held its third rough diamond auction on June 24, selling $56.64-million worth of diamonds recovered at the Uari, Lulo, Catoca and Luele mines. Aside from a diversified pack of special diamonds, a batch of run-of­mine diamonds from Luele in the Luaxe... 

Lucara announces C$38m financing

By: Creamer Media Reporter      25th June 2021 Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine. The Vancouver-headquartered company will raise C$22-million on a bought-deal basis at C$0.75 a share and C$16-million in a concurrent private... 

De Beers earns $470m in rough diamond sales amid strong demand

By: Creamer Media Reporter      23rd June 2021 Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020. 

Botswana delivers another diamond larger than 1 000 ct

By: Chanel de Bruyn     22nd June 2021 Diamond miner Lucara Diamond Corp has recovered a 1 174.76 ct diamond from its Karowe mine, in Botswana. It is the third diamond weighing more than 1 000 ct to be recovered from South Lobe of the AK6 kimberlite since 2015. In recent years, Lucara had recovered the 1 758 ct Sewelô and the 1 109 ct... 

Botswana delivers another diamond larger than 1 000 ct

Rio Tinto seeks budget approval for Saskatchewan project – Star Diamonds

By: Mariaan Webb     22nd June 2021 Junior mining company Star Diamond, which is involved in a legal wrangle with Rio Tinto Canada over a Saskatchewan project, says it has received a notice from the bigger company calling a meeting to seek approval of a proposed budget for the Star-Orion South project. According to Star Diamond,... 

Rio Tinto seeks budget approval for Saskatchewan project – Star Diamonds

Diamond sector must meet consumers' demand for responsibly sourced diamonds, says WDC president

By: Marleny Arnoldi     21st June 2021 With the modern-day consumer demanding greater accountability and sustainability, the Kimberley Process (KP) must not be left behind, says World Diamond Council (WDC) president Edward Asscher. He spoke during the opening of the 2021 Intersessional Meeting of the KP, highlighting how consumers... 

Tsodilo set to advance Phase 2 of Botswana project following licence renewal

By: Simone Liedtke     21st June 2021 TSX-V-listed Tsodilo Resources has been granted a renewal of its prospecting licence, in Botswana, for an area which contains the company’s BK16 kimberlite project. The licence renewal was granted by the country’s Ministry of Mineral Resources, Green Technology and Energy Security, and is valid... 

KZN 'diamond rush' unearths only quartz crystals, officials say

By: Reuters     20th June 2021 Unidentified stones that lured thousands of fortune seekers to a rural South African village to mine the land with picks and shovels were not diamonds as hoped, officials said on Sunday, but quartz stones with relatively low, if any, value. People from across South Africa travelled to KwaHlathi... 

KZN 'diamond rush' unearths only quartz crystals, officials say

Junior diamond mining sector in trouble

By: Darren Parker     18th June 2021 The small and junior diamond mining industry in South Africa is in dire straits, says South African Diamond Producers Organisation (Sadpo) vice chairperson Lyndon de Meillon. “Over the past 16 years, we've lost about 90% of the companies involved in the sector and about 20 000 jobs. Covid-19 has... 

LYNDON DE MEILLON
A more agile and swift regulatory environment is essential to the survival of the ju ior diamond mining industry
LYNDON DE MEILLON A more agile and swift regulatory environment is essential to the survival of the ju ior diamond mining industry

Diamond market’s sparkle returns

By: Darren Parker     18th June 2021 Diamond demand bounced back stronger than expected in the fourth quarter of 2020, says diamond producer De Beers senior sales manager for South Africa Richard Steenkamp. “Much of this recovery is attributed to the key holiday selling season for diamond jewellery, which outperformed the... 

TWINKLE TWINKLE 
Diamond demand has bounced back better than expected
TWINKLE TWINKLE Diamond demand has bounced back better than expected

Institute’s online courses fare well

By: Darren Parker     18th June 2021 Training organisation Corlia Roberts Institute of Diamonds has added a gold and precious metals course, as well as a second-hand and estate jewellery course, to its roster. The courses aim to assist working professionals in the diamond industry in honing new skills and applying expert knowledge... 

LOOKING GOOD
With demand secure and stable, Roberts says the institute is optimistic about continued interest in diamond training
LOOKING GOOD With demand secure and stable, Roberts says the institute is optimistic about continued interest in diamond training

Botswana unearths world's third largest diamond

By: Reuters     16th June 2021 A 1 098 ct diamond believed to be the third-largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government. The stone was presented to President Mokgweetsi Masisi on Wednesday by Debswana Diamond... 

The 1 098 ct diamond recovered at Debswana's Jwaneng mine
Photo by Reuters
The 1 098 ct diamond recovered at Debswana's Jwaneng mine

Diamcor reports strong quarterly sales so far

By: Marleny Arnoldi     15th June 2021 TSX-V-listed Diamcor Mining has sold 4 468 ct so far for the quarter to end on June 30, generating revenue of $1.2-million. About 1 500 additional carats, including several rough diamonds in the +10.8 ct specials category, have been delivered as of June 15.  

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

DMRE to investigate purported diamond discovery in KwaZulu-Natal

By: Tasneem Bulbulia     14th June 2021 The Department of Mineral Resources and Energy (DMRE) says it is aware of stories in the media, including images and videos that are circulating on social media, about the purported discovery of diamonds in KwaHlathi outside Ladysmith, KwaZulu-Natal. The DMRE is dispatching a task team comprising... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Canadian miner sees higher rough diamond demand across all categories

By: Creamer Media Reporter      11th June 2021 Demand in the rough diamond market is robust, supported by polished diamond price increases and buoyant jewellery retail sales in the US and China, Canadian miner Mountain Province reports. The company, which is a 49% participant with De Beers in the Gahcho Kué mine in Northwest Territories,... 

Canadian miner sees higher rough diamond demand across all categories

Botswana Diamonds advances towards resource assessment at Thorny River

By: Simone Liedtke     10th June 2021 Aim- and BSE-listed Botswana Diamonds is advancing towards resource assessment at its Thorny River diamond project, in South Africa, following a recent kimberlite discovery. Following the discovery of a second kimberlite blow at Thorny River, independent specialists aggregated all the geophysical... 

Secretive world of diamonds is in the grips of a buying frenzy 

By: Bloomberg     9th June 2021 At the latest De Beers diamond auction this week, buyers shopping for the kind of stones used to make an average engagement ring were in for a sticker shock: some prices had ballooned by 10% since the last sale. News of the unusually sharp increases spread swiftly through the community of 80-odd... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Lucara recovers 470 ct diamond at Karowe

By: Simone Liedtke     8th June 2021 Lucara Diamond has recovered a 470 ct top light brown clivage diamond from its wholly owned Karowe diamond mine, in Botswana. The 470 ct diamond was recovered in the coarse XRT circuit and represents the third diamond weighing more than 300 ct recovered to date this year. 

De Beers extends women empowerment initiative in drive for equality

By: Donna Slater     3rd June 2021 On International Women’s Day (March 8), diamond miner De Beers Group extended its global partnership with United Nations (UN) Women for a further five years, thereby joining the newly-formed HeForShe Alliance and committing the company to increasing representation of women in technical and... 

Gem Diamonds donates 20 000 Covid-19 vaccine doses to Lesotho

By: Tasneem Bulbulia     2nd June 2021 Miner Gem Diamonds’ subsidiary, Letšeng Diamonds, in Lesotho, has acquired 20 000 doses of the Johnson & Johnson Covid-19 vaccine. The doses have been donated to the government of Lesotho and will be distributed according to the guidelines set out in the government’s vaccine roll out plan. 

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Petra hosts sale process for near 40 ct blue diamond

By: Marleny Arnoldi     1st June 2021 London-listed Petra Diamonds has announced the final sale process for its 39.34 ct exceptional Type IIb blue diamond, which was recovered at the Cullinan mine, in South Africa. The company will showcase the diamond in Antwerp from June 15 to 18, in Dubai on June 22 and 23, in Hong Kong on June... 

Project house DRA applies for secondary inward JSE listing 

By: Martin Creamer     29th May 2021 The 37-year-old South Africa-rooted project house DRA Global has applied for a secondary inward listing on the JSE under the main board’s construction and materials, engineering and contracting services sector. The diversified engineering, project and operations management group – now... 

Pan African Resources’ Elikhulu...one of DRA's gold projects.
Pan African Resources’ Elikhulu...one of DRA's gold projects.

Diamcor proceeding with Krone Endora processing plant expansion

By: Simone Liedtke     27th May 2021 TSX-V-listed Diamcor Mining is proceeding with the expansion of processing facilities at its Krone Endora at Venetia project, in South Africa. The miner originally targeted the expansion for 2020; however, owing to the events surrounding the Covid-19 pandemic and associated public health... 

Anglo explores 3D printing to boost supply chain efficiencies, support local businesses

By: Donna Slater     27th May 2021 Diversified miner Anglo American has partnered with the South African Council for Scientific and Industrial Research (CSIR) and US-based technology company Ivaldi Group, to explore opportunities to digitally distribute spare parts for mining and processing equipment to be manufactured locally... 

South Africa may need to save indebted State firms, Finance Minister says

By: Bloomberg     27th May 2021 South Africa’s cash-strapped State companies may struggle to refinance their debts, requiring the government to provide support, Finance Minister Tito Mboweni said. The ten most-indebted State firms have an estimated R289.9-billion in loans maturing by the end of March 2025, Mboweni said in a... 

Finance Minister Tito Mboweni
Finance Minister Tito Mboweni

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer
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