https://www.miningweekly.com
R/€ = 17.48 Change: 0.05
R/$ = 14.92 Change: 0.02
Au 1750.56 $/oz Change: -3.73
Pt 987.00 $/oz Change: 3.75
 

Diamonds News

Lucapa adds to revenues

By: Esmarie Iannucci     8th August 2019 Diamond miner Lucapa Diamond Company has reported revenue of A$8.8-million from the latest sale of diamonds from its Lulo and Mothae mines, in Angola and Lesotho respectively. The ASX-listed company on Thursday reported that a parcel of 3 558 ct of Lulo diamonds was sold for gross proceeds of... 

BlueRock appoints contractor at Kareevlei mine

By: Marleny Arnoldi     6th August 2019 Aim-listed BlueRock Diamonds has appointed mining services provider Teichmann South Africa, as a contract miner at its Kareevlei diamond mine, in the Kimberley region of South Africa. The five-year contract is effective July 1.  

Sierra Leone community's suit against diamond miner shows activist trend

By: Reuters     6th August 2019 At the foot of a slag heap some 40 metres high, Adi Kalie Bangura showed the black welts that dot his arms and legs that he says are the result of drinking and bathing in water contaminated by Sierra Leone’s largest diamond mine. The water “makes us get headaches and feel sick in our stomachs,”... 

Lucapa discovers 64 ct diamond in Lesotho

By: Esmarie Iannucci     6th August 2019 Diamond miner Lucapa Diamond Company has recovered a 64 ct diamond from its Mothae kimberlite mine, in Lesotho. The Type IIa D-colour gem is considered to be the best individual diamond recovered to date from the Mothae mine, Lucapa MD Stephen Wetherall said on Tuesday. 

BlueRock completes crushing circuit upgrade at Kareevlei

By: Tasneem Bulbulia     2nd August 2019 Aim-listed diamond mining company BlueRock has completed the upgrade to the crushing circuit, including the installation of a larger cone crusher, at the Kareevlei mine in the Kimberley region of South Africa. In addition to the installation of the new crusher, the crushing circuit has been... 

Inclusion and diversity strategy delivering change

By: Tracy Hancock     2nd August 2019 Global diamond producer De Beers Group is most proud of the “energy change” its inclusion and diversity strategy has instigated throughout its value chain – from mining to retail, says De Beers social impact senior VP Katie Fergusson. “We are still early in the journey, but we are making visible... 

TECHNICAL TRANSFORMATION More needs to be done to build the pipeline of women equipped to take on technical roles in the mining sector
TECHNICAL TRANSFORMATION More needs to be done to build the pipeline of women equipped to take on technical roles in the mining sector

Angola advances its mining reforms

By: Rebecca Campbell     2nd August 2019 The Angolan Government is to launch a public tender process during the remainder of this year for five mining concessions. These will be for diamonds, iron ore and phosphates. This was announced late last month by the country’s Mineral Resources and Petroleum Minister Diamantino Azevedo during a... 

Initiatives to boost diversity under way as only 15% of mining jobs are held by women

By: Tracy Hancock     2nd August 2019 The gender gap in the mining industry will widen if it does not invest in attracting more women to associated careers, owing to the quickly evolving roles and skills required by the industry, particularly owing to Industry 4.0, says diamond company De Beers Group. “There is no doubt that the... 

Initiatives to boost diversity under way as only 15% of mining jobs are held by women

Zimbabwe to replace empowerment law

By: Reuters     1st August 2019 Zimbabwe will repeal its indigenisation and economic empowerment legislation dealing with ownership of foreign-controlled companies and replace it with a new empowerment law, Finance Minister Mthuli Ncube said on Thursday. Addressing parliament, Ncube also said foreign investors can now take... 

Diamond-focused Tango sells coal ops, proposes name change

By: Creamer Media Reporter      31st July 2019 TSX-V-listed junior Tango Mining, which operates the Oena diamond mine in South Africa, will sell its coal metallurgical and mining projects to focus on its diamond properties, it announced on Tuesday. The company owns a 74% interest in each of Kwena Mining Projects, Kwena Mining and... 

Petra assures shareholders no equity raising on the cards

By: Tasneem Bulbulia     30th July 2019 Diamond miner Petra Diamonds’ share price on the LSE rose more than 25% on Tuesday after CEO Richard Duffy assured shareholders that it would not need to raise further equity to refinance its bond. The company’s share price had fallen since it published a trading update for the 2019 financial... 

High diamond inventory in the midstream results in lower sales for De Beers

By: Tasneem Bulbulia     30th July 2019 De Beers Group’s sales decreased to $250-million for the sixth cycle of this year. This compares with the $391-million of diamonds sold in the fifth sales cycle of this year and the $533-million of diamonds sold in the sixth sales cycle of 2018. 

Shining Light Award winners to be announced in November

By: Tasneem Bulbulia     29th July 2019 The De Beers Group Designers Initiative’s Shining Light Awards this year encouraged participants to showcase how they celebrate heroines and heritage in their respective countries. Fashion and jewellery gurus from Botswana, Namibia, South Africa and Italy converged in Gaborone, Botswana, over two... 

Solutions beyond policing proposed as zama-zamas continue to wreak havoc

By: Natasha Odendaal     26th July 2019 Despite being on the radar for many years, illegal mining remains a dangerous, unregulated concern for South Africa’s mining industry and the wider economy. Illegal artisanal mining in South Africa is among the most lucrative and the most violent in Africa, and the practice is deemed one of the... 

Solutions beyond policing proposed as zama-zamas continue to wreak havoc

Firestone meets full-year targets

By: Marleny Arnoldi     25th July 2019 Aim-listed Firestone Diamonds has achieved a solid operational performance for the financial year ended June 30, with guidance achieved on all items. CEO Paul Bosma on Thursday said it was, nevertheless, a tough year from a market and pricing perspective, particularly for the smaller,... 

De Beers’ interim Ebitda falls on weak trading conditions  

By: Marleny Arnoldi     25th July 2019 Diamond miner De Beers’ earnings before interest, taxes, depreciation and amortisation (Ebitda) for the six months ended June 30 decreased by 27% year-on-year to $518-million. Challenging trading and economic conditions in the period under review contributed to the lower Ebitda.  

De Beers CEO Bruce Cleaver
Photo by Creamer Media
De Beers CEO Bruce Cleaver

Anglo American to return up to $1bn to shareholders 

By: Martin Creamer     25th July 2019 Diversified mining and marketing company Anglo American on Thursday announced its intention to return up to $1-billion to its shareholders through an immediate on-market share buyback programme to reduce the company’s issued share capital. The programme, which will be executed in two $500-million... 

Stephen Pearce
Stephen Pearce

Newfield approves new diamond mine

By: Esmarie Iannucci     25th July 2019 ASX-listed Newfield Resources on Thursday approved the $29.4-million development of the Tongo diamond mine, in Sierra Leone, announcing that it would raise $30.5-million through the issue of unsecured corporate bonds. “We are delighted to have agreed a funding package that allows us to commence... 

Canadian researchers study potential to lock carbon in mine waste

By: Mariaan Webb     24th July 2019 Two Canadian mines will pilot University of British Columbia- (UBC-) led research that combats greenhouse-gas (GHG) emissions by trapping carbon dioxide in mine tailings, the waste left over from ore mining. The technology, the UBC says, could drastically reduce the GHG emissions of mining... 

Core sampling of carbonated tailings.
Photo by University of British Columbia
Core sampling of carbonated tailings.

Petra delivers solid full-year performance in tough market  

By: Tasneem Bulbulia     22nd July 2019 LSE-listed Petra Diamonds delivered solid results for the financial year ended June 30, despite a difficult market environment, while it continues its transition from a period of high capital investment to a steady-state operational phase, CE Richard Duffy said on Monday. “The focus in the short... 

BlueRock sells 12.2 ct diamond for $105 000

By: Marleny Arnoldi     19th July 2019 Aim-listed BlueRock Diamonds has sold a 12.2 ct diamond for $105 000 in its July tender. This diamond, at $8 584/ct, was the second-most valuable diamond the company had recovered to date, following the sale of a 24.9 ct diamond in the June tender for $196 000.  

Lucara names 1 758 ct diamond ‘rare find’

By: Tasneem Bulbulia     19th July 2019 Canada-headquartered diamond miner Lucara Diamond has chosen the name Sewelô, meaning “rare find” in Setswana, for the 1 758 ct diamond recovered from its Karowe mine, in Botswana, in April. The name was selected from over 22 000 submissions in a contest that was open to all Botswana citizens. 

Mining construction using safe, quality materials

By: Theresa Bhowan     19th July 2019 With the extensive range of fully serrated, multi-directional non-slip floor gratings, stair treads and safety handrails that manufacturer Vital Engineering supplies, the company is involved in several projects where it supplies mines with mild steel, galvanised steel and stainless-steel products... 

SECURE STEPS
Vital’s range of floor gratings reduces the potential for accidents caused by slippage
SECURE STEPS Vital’s range of floor gratings reduces the potential for accidents caused by slippage

Botswana Diamonds raises £250 000

By: Creamer Media Reporter      18th July 2019 Aim-listed Botswana Diamonds has raised £250 000, through the placing of 50-million shares with new and existing investors at 0.5p a share. This represents about 7.98% of the company's issued share capital. 

De Beers lowers full-year output expectations on weaker demand 

By: Simone Liedtke     18th July 2019 Diamond miner De Beers has revised its full-year production guidance downward to about 31-million carats, leaning towards the lower end of the previous range of between 31-million and 33-million carats, in response to weaker trading conditions experienced during the second quarter. De Beers is... 

De Beers lowers full-year output expectations on weaker demand

Alrosa signs JV agreement with Zimbabwean miner

By: Creamer Media Reporter      16th July 2019 Russian diamond miner Alrosa has entered into a joint venture (JV) agreement with Zimbabwe national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) to develop diamond deposits in the Southern African country. The agreement was signed by Alrosa deputy CEO Vladimir Marchenko and ZCDC... 

Tsodilo planning surface bulk sampling programme at BK16

By: Tasneem Bulbulia     15th July 2019 TSX-listed Tsodilo Resources has submitted a renewal application for prospecting licence 369/2014 to the Botswana Department of Mines (DoM) within the Ministry of Mineral Resources, Green Technology and Energy Security. The renewal application is for a two-year period and the area includes the... 

Newfield progresses underground decline development at Tongo mine

By: Marleny Arnoldi     15th July 2019 Newfield Resources has progressed with blasting to access an underground mine decline at its Tongo diamond mine, in Sierra Leone. The company has excavated 42 600 cubic metres of material, with three blasts conducted so far and two blasts remaining, to bring the boxcut to the desired elevation... 

Karelian raises £100k from new investor

By: Creamer Media Reporter      15th July 2019 Finland-focused diamond exploration company Karelian Diamonds on Monday announced that it had conditionally raised £100 000 from a new investor, Martello Holdings. Martello subscribed for 2.5-million new ordinary shares at 4p each – a premium of about 31% to the closing mid-market price of 3.05p... 

Lucapa on track for profits in 2019

By: Esmarie Iannucci     15th July 2019 Diamond miner Lucapa Diamond Company is on track to report an operating profit for 2019, as production from the Lulo and Mothae diamond mines, in Angola and Lesotho respectively, continues to ramp up. Lucapa on Monday reported that some 10 217 ct of diamonds were recovered during the three... 

De Beers reports successful second translocation of elephants

By: Simone Liedtke     12th July 2019 The second translocation of elephants from diamond miner De Beers’ Venetia Limpopo Nature Reserve (VLNR), in South Africa, to Zinave National Parks, in Mozambique, has been completed. The first herds of elephants were corralled at the VLNR on June 25, before being transported by road for about 1... 

Rio unveils pink diamond tender

By: Esmarie Iannucci     12th July 2019 Diversified miner Rio Tinto has unveiled its latest tender from the Argyle diamond mine, in the Kimberley region of Western Australia, as the operation nears the end of its life cycle. The 64-diamond collection includes three Fancy Red diamonds and weighs a combined 56.28 ct.  

Expected demand brings airborne survey system back to Africa

By: Tracy Hancock     12th July 2019 There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of... 

SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years
SOUTHERN AFRICAN HOPES Spectrem Air expects remote sensing, in terms of geophysics, to play a critical role in the exploration of Southern Africa in the next ten years

Angola setting up nondiamond minerals concessioning agency

By: Rebecca Campbell     12th July 2019 The Angolan Government is making preparations for the setting up of the country’s new National Minerals Resources Agency, the country’s State Secretary for Geology and Mines, Jânio Corrêa Victor, stated recently. The new agency will take over the role of minerals and mining rights concessionary... 

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     12th July 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

DON’T BE REACTIVE
Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

Cost savings crucial amid local industry decline

By: Jessica Oosthuizen     12th July 2019 The local mining industry declined by 10.8% in the first quarter of this year and the industry is on a huge cost-saving run, says bearings and power transmission products distributor Bearings International (BI) mining business development leader Shaun Combrinck. He tells Mining Weekly that BI is... 

EXTENDED COUPLING RANGE
The Ringfeder-Henfel-Hernflex split flexible coupling is one of Bearings International’s new product offerings
EXTENDED COUPLING RANGE The Ringfeder-Henfel-Hernflex split flexible coupling is one of Bearings International’s new product offerings

Stornoway says diamond prices lower than first quarter's

By: Creamer Media Reporter      11th July 2019 Stornoway Diamonds, the operator of Quebec’s first diamond mine, has told shareholders that weak conditions in the rough diamond market continued to persist, with CEO Patrick Godin saying on Wednesday that further decreases in pricing were observed during the second quarter of the year. The... 

BlueRock Diamonds’ new management delivers record quarterly performance

By: Tasneem Bulbulia     8th July 2019 Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, achieved record production of 3 516 ct in the second quarter, four times the 875 ct produced in the second quarter of last year. “I am very pleased with the impact that our... 

19 20 21 22
23
24 25 26 27

Latest News

more

Latest Videos

more

Company Announcements

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close