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Diamonds News

Alrosa sees diamond sales stabilising in fourth quarter

By: Reuters     12th October 2020 Russian State-controlled diamond producer Alrosa expects its fourth-quarter sales to stabilise year on year as demand for precious stones is recovering, its CEO, told a meeting with President Vladimir Putin on Monday. Alrosa, the world's largest producer of rough diamonds, has been hit by the... 

BOD prioritises four diamondiferous alluvial targets for drilling

By: Marleny Arnoldi     12th October 2020 Aim-listed Botswana Diamonds (BOD) has started with a precision ground geophysics programme to define potential kimberlite pipes on its Marsfontein and Thorny River prospects, in Botswana. The company is focusing on four high-potential targets to finalise early drilling. The four targets... 

De Beers invests further in growing diamond beneficiators

By: Marleny Arnoldi     9th October 2020 Diamond miner De Beers Group has welcomed five diamond polishing and jewellery manufacturing companies to its Enterprise Development Project for Diamond Beneficiators. This project, launched by De Beers in 2016, aims to facilitate the growth and transformation of diamond beneficiation in South... 

Processing plant progressing well amid slowdown

By: Halima Frost     9th October 2020 Despite Covid-19 having an adverse effect on the greenfield development of a mine and metallurgical plant, in Sierra Leone, local consulting firm METC Engineering director Dr Steve Cathey says the project is progressing well. He explains that construction on the Tongo diamond project – located in... 

DIAMOND DECLINE
The decline on the Tongo diamond project is progressing well as is the fabrication of the diamond processing plant
DIAMOND DECLINE The decline on the Tongo diamond project is progressing well as is the fabrication of the diamond processing plant

Freight forwarder growing reach in West Africa

By: Halima Frost     9th October 2020 Following the successful logistics for a mine in Sierra Leone, deugro, a highly-specialized expert in freight forwarding and an independent company of the deugro group,  intends to further expand its offering in West Africa. “We are excited and look forward to engaging with more clients in this... 

IVAN DE SOUZA & SUNELL VAN DER WALT
Senior members of deugro's sales and business development team unpack the company's sucess in west Africa
IVAN DE SOUZA & SUNELL VAN DER WALT Senior members of deugro's sales and business development team unpack the company's sucess in west Africa

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Sir Mick Davis, Fiona Perrott-Humphrey and Bernard Swanepoel
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Lucapa restarts Mothae

By: Esmarie Iannucci     8th October 2020 Diamond miner Lucapa has restarted scaled operations at its Mothae kimberlite diamond mine, in Lesotho. The operation has been on care and maintenance since March this year, since lockdown and isolation measures were enforced by the South Africa government, to prevent the spread of Covid-19. 

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Roger Baxter at Joburg Indaba virtual event.
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

Petra, NUM conclude one-year wage deal 

By: Creamer Media Reporter      6th October 2020 Diamond miner Petra Diamonds reports that it has concluded a one-year wage agreement with the National Union of Mineworkers (NUM). This applies to its South African operations for the financial year to June 30, 2021. The Company will make a once-off, ex gratia payment at the end of November 2020... 

Regulations tailored to alluvial diamonds will reward S Africa with jobs – Sadpo  

By: Martin Creamer     6th October 2020 South Africa’s one-size-fits-all mining legislation is losing vital jobs for the country in the job-intensive alluvial diamonds space that requires regulations tailored to junior mining to survive, South African Diamond Producers Organisation (Sadpo) reiterated on Monday. Because there are so... 

South African Diamond Producers Organisation chairperson Gert van Niekerk
Mining Weekly’s Martin Creamer speaks to the South African Diamond Producers Organisation’s Gert van Niekerk and Lyndon de Meillon. Video: Darlene Creamer.

BlueRock Diamonds issues shares

By: Tasneem Bulbulia     5th October 2020 Aim-listed BlueRock Diamonds has issued 21 935 ordinary shares at a price of 54.4p a share, to part satisfy the payment of interest and repayment premium, in accordance with the original loan agreement between former BlueRock CEO Adam Waugh and the company. The capital amount outstanding on the... 

NUM prepares for strikes at diamond, coal mines

By: Marleny Arnoldi     2nd October 2020 The National Union of Mineworkers (NUM) has warned it will embark on strikes at diamond miners De Beers and Petra Diamonds' operations in South Africa, and at diversified miner Exxaro Resources’ coal operations. This followed after the parties were unable to reach a wage settlement agreement at... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future 

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Sandvik global product line manager automation David Hallett
Photo by Creamer Media
Sandvik global product line manager automation David Hallett

BlueRock records milestones despite pandemic

By: Tasneem Bulbulia     29th September 2020 Aim-listed BlueRock Diamonds reports that it had achieved a lot for the six months ended June 30 despite the pandemic, noting that it is now well positioned to expand its operations as planned and to operate profitably again from the second half of the year. The company undertook a rapid response... 

Diamcor to raise C$3.5m

By: Tasneem Bulbulia     29th September 2020 Dual-listed Diamcor Mining intends to complete a convertible loan financing of up to C$3.5-million. The financing will comprise unsecured convertible promissory notes with a term of two years from the closing date and bearing interest at the rate of 10% a year. 

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Sandvik's Nina Axman and Jens Holmberg.
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Worley assists surface miners’ transition to underground operations

25th September 2020 As openpit mines reach their economic end of life, mine owners are considering the viability of transitioning their opencast mining operations to underground, says global engineering firm Worley. Using its deep-level mining expertise in South Africa, Worley assists mine owners around the world in... 

ROBERT HULL
Worley's South African operation is recognised for its deep-level shaft experience, and has experience across most commodities
ROBERT HULL Worley's South African operation is recognised for its deep-level shaft experience, and has experience across most commodities

Online format expands global presence of Joburg Indaba

By: Cameron Mackay     25th September 2020 Owing to the impact of Covid-19 and the subsequent physical distancing regulations, yearly mining conference the Joburg Indaba will be hosted as an online discussion on October 7 and 8. Event organisers Resources 4 Africa CEO Paula Munsie states that this will enable industry players, who were... 

MAKING UP LOST GROUND
Many of the Joburg Indaba’s presentations, panels and discussions will focus on how the mining industry can be revitalised after the Covid-19
MAKING UP LOST GROUND Many of the Joburg Indaba’s presentations, panels and discussions will focus on how the mining industry can be revitalised after the Covid-19

New Argyle diamonds up for tender

By: Esmarie Iannucci     24th September 2020 Mining major Rio Tinto has unveiled a historic collection of 62 diamonds, including six ‘hero’ diamonds for its 2020 Argyle pink diamonds tender. Rio said this week that the six ‘hero’ diamonds were selected for their unique beauty and named to ensure there is a permanent record of their... 

World Jewellery Confederation welcomes new ISO diamond grading standard

By: Marleny Arnoldi     23rd September 2020 The World Jewellery Confederation (Cibjo) has welcomed the new publication by nongovernmental body International Standards Organisation (ISO) of the internationally recognised diamond grading standard and says it is a historic moment for the global diamond industry. The confederation explains... 

World Jewellery Confederation welcomes new ISO diamond grading standard

De Beers cuts prices for smaller diamonds

By: Bloomberg     22nd September 2020 De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the coronavirus froze up trading in precious stones. The company had already discounted bigger and more expensive stones last month for the first time since the pandemic struck. It’s now... 

Vast director Mabhudhu head-hunted by Zimbabwe State-owned diamond company

By: Donna Slater     22nd September 2020 Aim-listed gold, diamonds and polymetals miner Vast Resources reports that its executive director Mark Mabhudhu has received and accepted an offer to join the government-owned Zimbabwe Consolidated Diamond Company (ZCDC) as CEO, starting immediately. Mabhudhu’s acceptance of the offer followed a... 

Lulo diamonds sell for A$3.2m

By: Esmarie Iannucci     17th September 2020 Diamond miner Lucapa has generated A$3.2-million in revenue from the sale of diamonds from its Lulo alluvial mine, in Angola. The ASX-listed company on Thursday told shareholders that 3 477 ct of Lulo diamonds had been sold at an average price of A$911 per carat.  

Petra recovers five blue diamonds at Cullinan mine

By: Simone Liedtke     16th September 2020 London-listed Petra Diamonds has recovered five Type IIb blue diamonds of high quality, in terms of both their colour and clarity, at its Cullinan mine, in South Africa. The diamonds are also significant in terms of their size, weighing 25.75 ct, 21.25 ct, 17.57 ct, 11.42 ct and 9.61 ct, and are... 

The five recovered Type IIb blue diamonds.
The five recovered Type IIb blue diamonds.

Botswana Diamonds plans more drilling after anomaly shows up to 4 m kimberlite

By: Marleny Arnoldi     15th September 2020 Botswana- and London-listed Botswana Diamonds (BOD) has reported positive preliminary results from drilling undertaken at its Marsfontein project, in Botswana. The objective of the company’s latest drilling campaign was to test a historical anomaly identified as M17 to see if it had potential... 

Renard diamond mine to restart operations

By: Mariaan Webb     15th September 2020 The Renard mine, in the James Bay territory of Quebec, will be put back into production this month, mining royalty and streaming company Osisko Gold Royalties announced on Monday. Operations were suspended on March 24, following an order by the Quebec government public health authorities as a... 

Renard diamond mine to restart operations

Belgium and Israel auctions net Alrosa $20.7m

By: Creamer Media Reporter      14th September 2020 Diamond miner Alrosa has held two successful auctions of larger diamonds, which deputy CEO Evgeny Agureev said on Monday confirmed the demand for high-quality rough diamonds. At the Israel auction, total proceeds of $13.3-million “significantly exceeded” the reserve price, Agureev said, reporting... 

Diamond sales improve in line with eased Covid-19 restrictions globally – De Beers 

By: Donna Slater     11th September 2020 The value of diamond miner De Beers' rough diamond sales, which include global sightholder sales and auctions, for the sixth and seventh sales cycles of this year, amounted to $116-million and $320-million, respectively. CEO Bruce Cleaver says diamond markets showed some continued improvement... 

De Beers Group CEO Bruce Cleaver
De Beers Group CEO Bruce Cleaver

BHP links bonuses to climate plan, sets medium-term targets

By: Mariaan Webb     10th September 2020 Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Filing of Diamcor's results delayed owing to South African lockdown restrictions

By: Donna Slater     10th September 2020 TSX-V-listed diamond miner Diamcor Mining, with operations in South Africa, reports that owing to ongoing delays in South Africa it will be unable to file its audited financial statements and corresponding management’s discussion and analysis for the financial year ended March 31. The company’s... 

BlueRock recovers another high-value diamond at Kareevlei

By: Simone Liedtke     10th September 2020 Aim-listed diamond miner BlueRock Diamonds has recovered a 9.7 ct diamond with an initial independent valuation estimate of $75 000. This marks the second high-value stone recovered at Kareevlei diamond mine, in Kimberley – BlueRock’s flagship operation − this quarter. 

Petra starts investigation into alleged human rights issues at Williamson

By: Marleny Arnoldi     9th September 2020 UK-based law firm Leigh Day has filed claims in the High Court of England and Wales against London-listed Petra Diamonds and Williamson Diamonds, on behalf of 32 anonymous individuals over alleged human rights breaches at the Williamson mine, in Tanzania. Williamson Diamonds is the operator of... 

Petra starts investigation into alleged human rights issues at Williamson

Rio Tinto offers virtual preview of some of Argyle's last offerings

By: Mariaan Webb     8th September 2020 Diversified miner Rio Tinto has provided a virtual preview to an exclusive group of collectors, diamond connoisseurs and luxury jewellery houses of rare Argyle pink, red, violet and blue diamonds in one of the very last offerings of the iconic diamond mine. The 2020 Argyle pink diamonds tender,... 

Rio Tinto offers virtual preview of some of Argyle's last offerings

Botswana Diamonds to raise £300 000

By: Tasneem Bulbulia     7th September 2020 Aim-listed Botswana Diamonds has arranged a placing with existing and new investors to raise £300 000 through the issue of 50-million new ordinary shares. The funds raised will be used to fund ongoing exploration activities in Botswana and South Africa this year, as well as for additional working... 

Orange, De Beers Marine South Africa develop IoT geofence for offshore mining crew safety

By: Schalk Burger     4th September 2020 Digital services multinational Orange Business Services and diamond miner De Beers' subsidiary De Beers Marine South Africa have jointly installed and tested a customised Internet of Things (IoT) solution to provide geofencing to maintain safe working distances for crew around the heavy machinery... 

Gem Diamonds recovers more large diamonds in H1

By: Marleny Arnoldi     3rd September 2020 LSE-listed Gem Diamonds’ Letšeng mine, in Lesotho, delivered satisfactory operational results in the six months ended June 30, notwithstanding a 30-day shutdown imposed in the country. In fact, the frequency of large diamonds recovered improved in all size categories greater than 10.8 ct... 

BlueRock achieves higher-than-expected grades in August

By: Marleny Arnoldi     3rd September 2020 Aim-listed BlueRock Diamonds says its processed ore numbers and average grade achieved have improved during August. The company, which owns and operates the Kareevlei diamond mine, in South Africa’s Northern Cape province, processed 41 000 t of ore from the main pit at Kareevlei during the month,... 

BlueRock sells 3 805 ct of diamonds

By: Simone Liedtke     2nd September 2020 Aim-listed diamond miner BlueRock Diamonds has sold 3 805 ct of diamonds at an average price of $330/ct for an aggregate consideration of $1.2-million. BlueRock’s flagship project is the Kareevlei diamond mine, in South Africa. 

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