R/€ = 17.64 Change: -0.10
R/$ = 15.07 Change: -0.13
Au 1753.47 $/oz Change: -0.82
Pt 986.50 $/oz Change: 3.25

Diamonds News

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. 

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... 

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.

Cutifani inducted into South African Mining Hall of Fame

By: Marleny Arnoldi     2nd October 2019 Global diversified miner Anglo American CE Mark Cutifani has been inducted into the South African Mining Hall of Fame for his contribution to the industry over the last 12 years. Anglo American South Africa has about 50 000 employees, working at own- and subsidiary operations in the diamond,... 

Anglo American CEO Mark Cutifani
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Zimbabwe rejects US claim that diamond mine uses forced labour

By: Bloomberg     2nd October 2019 Zimbabwe accused the US of ignorance after the US Customs and Border Protection announced it’s blocking rough diamond imports from the Marange fields because they were produced with forced labor. “It’s unfortunate that the US authorities have been misinformed or misled to believe that Zimbabwe is... 

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.
Photo by Creamer Media's Dylan Slater
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. 

Lucara recovers gem-quality blue, pink diamonds at Karowe

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... 

Investing in African Mining Indaba.
Investing in African Mining Indaba.

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... 

The 20.08 ct diamond
The 20.08 ct diamond

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.  

Lucara recovers 123 ct diamond

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,"... 

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