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Diamonds News

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... 

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-Rajah     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... 

De Beers launches 3-year $315 000 partnership to develop women engineers

By: Nadine James     8th July 2019 De Beers Group on Monday announced the launch of a three-year $315 000 partnership with WomEng to develop the next generation of highly skilled women engineers. De Beers will invest the the funds in programmes that aim to encourage young women to study science, technology, engineering and... 

Firestone recovers 54 ct yellow diamond at Liqhobong

By: Simone Liedtke     8th July 2019 Firestone Diamonds has recovered a 54 ct intense fancy yellow, sawable diamond from its Liqhobong mine, in Lesotho. The diamond will go on sale at the next tender, which is scheduled to take place during September. 

Firestone recovers 54 ct yellow diamond at Liqhobong

Trans Hex proposes JSE delisting

By: Marleny Arnoldi     5th July 2019 JSE-listed Trans Hex announced on Friday a share buyback programme to purchase the issued share capital of shareholders at R1 apiece, which will effectively delist the company from the JSE. This offer excludes the shares of Cream Magenta 140, Metcap 14 Proprietary and RAC Investment Holdings –... 

Alrosa earns $10m at Hong Kong auction

By: Nadine James     5th July 2019 Russian diamond company Alrosa earned revenue of $10.3-million in its latest auction of special size rough diamonds weighing more than 10.8 ct, in Hong Kong. It sold 112 gem-quality rough diamonds with a total weight of 1 910 ct. 

Illegal miners at Glencore concession in Congo defy eviction 

By: Reuters     2nd July 2019 Illegal miners at a copper and cobalt mine run by Glencore in southeastern Congo defied a deadline on Tuesday to vacate the site, a union official said, raising fears of a potentially violent standoff. A landslide last Thursday at the Kamoto Copper Company (KCC) concession, majority-owned by a... 

Illegal miners at Glencore concession in Congo defy eviction

BlueRock expects further improvement in operating times

By: Simone Liedtke     28th June 2019 Aim-listed BlueRock Diamonds expects the operating time at its Kareevlei diamond mine, in Kimberley, South Africa, to increase by more than 30% after it shifted to a 365-day-a-year operation in March. This improvement will add to those improvements already achieved during the company’s 2018... 

Diamonds body urges govts to optimise developmental opportunities provided by natural resources

By: Rebecca Campbell     28th June 2019 In his speech during the opening session of the recent 2019 Intersessional Meeting of the Kimberley Process (KP), World Diamond Council President Stephane Fischler urged the Governments of KP-member countries to optimise the developmental opportunities provided by their natural resources through... 

Your diamond ring now comes with a resume and passport

By: Bloomberg     27th June 2019 Ever wondered where that sparkly stone on your finger was dug up? Who polished it and where? The world’s top diamond producer wants to answer all your questions. Russia’s Alrosa PJSC is rolling out a program that will allow jewelry buyers to track their diamond’s history in detail, using an... 

De Beers' rough diamond sales slow amid high diamond inventories

By: Creamer Media Reporter      25th June 2019 A "more challenging" environment in China and higher than normal diamond inventories in the midstream contributed to more cautious diamond buying in De Beers' fifth sales cycle of the year, CEO Bruce Cleaver said on Tuesday. The value of De Beers' rough diamond sales decreased to $390-million in... 

Kefi starts fieldwork at Saudi Arabia project

By: Simone Liedtke     21st June 2019 Aim-listed Kefi Minerals on Friday reported that fieldwork had started at its Hawiah exploration licence, in Saudi Arabia. The fieldwork began with a modest cost but a potentially high-impact induced polarisation and resistivity geophysical survey aimed at better defining the large volcanogenic... 

Real-time data playing bigger maintenance role

By: Tracy Hancock     21st June 2019 As the world gears up for the Fourth Industrial Revolution, African mines are embracing real-time information management systems to plug the gap left by the shortage of competent maintenance supervisors and mining equipment operators, Mining Equipment Manufacturers of South Africa CEO Ossie... 

BIG DEAL The decision to buy a piece of equipment should always include maintenance elements
Photo by Creamer Media
BIG DEAL The decision to buy a piece of equipment should always include maintenance elements

New platform answers call for condition based maintenance, asset optimisation

By: Tracy Hancock     21st June 2019 The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company... 

ADVANCING MAINTENANCE
Through Metso Metrics, mining companies can expect lower overall maintenance costs
ADVANCING MAINTENANCE Through Metso Metrics, mining companies can expect lower overall maintenance costs

Angolan government authorises cooperatives to exploit diamonds

By: Rebecca Campbell     21st June 2019 In Angola, 77 cooperatives have been authorised to explore and mine for diamonds, stated an official announcement at the end of last month. The authorisations were issued by the State-owned Endiama diamond mining company. (Endiama is an acronym; the full name of the company, translated into... 

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