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Diamonds News

Pro Civil to buy Gem’s Ghaghoo mine 

By: Simone Liedtke     20th June 2019 LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has been on care and maintenance since March 2017. Under the share sale agreement, Pro Civil will make... 

De Beers Group launches diamond education course partnership in India

By: Tasneem Bulbulia     19th June 2019 De Beers Group Institute of Diamonds is partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout that country. The IIG has been operating for more than 50 years and is entrenched in gemology and in diamond and jewellery education in... 

African banks to fund construction of world’s biggest marine diamond mining vessel

By: Reuters     19th June 2019 Five African commercial banks have partnered in a $375-million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship,... 

Vast getting closer to mining diamonds at Zimbabwe concession

By: Tasneem Bulbulia     18th June 2019 A road map to finalise agreements that will enable Aim-listed Vast Resources to mine for diamonds on the Heritage concession, in Zimbabwe, has been established. This follows after meetings between the company’s senior management, local community leaders and parastatal Zimbabwe Consolidated... 

BlueRock sells 24.98 ct diamond for $190 000

By: Nadine James     14th June 2019 Aim-listed BlueRock Diamonds, the owner and operator of the Kareevlei diamond mine, in Kimberley, has sold a 24.98 ct diamond recovered earlier this month for $190 000. Executive chairperson Mike Houston on Friday commented that the company was delighted with the sale of its largest diamond to... 

Corruption, maladministration of royalties leave mine-affected communities high and dry

By: Tracy Hancock     14th June 2019 Maladministration and misappropriation of funds continue to render South Africa’s mining royalties system mostly ineffective, with no one being brought to book. Established to deliver transformation in impoverished, mining-affected communities through the distribution of royalties paid by the... 

Corruption, maladministration of royalties leave mine-affected communities high and dry

Stornoway receives financial backing while strategic review continues

By: Creamer Media Reporter      12th June 2019 While Stornoway Diamond Corp continues with a strategic review aimed at ensuring the long-term viability of its Renard mine, in Quebec, the company has received financial backing from its secured lenders and key stakeholders. Under the terms of the bridge financing agreement, Diaquem, an... 

New kimberlite discovered at Mountain Province and De Beers Canada JV

By: Creamer Media Reporter      12th June 2019 TSX- and Nasdaq-listed Mountain Province Diamonds has discovered a new kimberlite at its Gahcho Kué joint venture (JV) leases – the first to be discovered in the area in more than two decades. The Wilson kimberlite, which was named after Canada’s first female geologist, Alice Evelyn Wilson, is... 

Vutomi to sell diamonds recovered at Thorny River

By: Tasneem Bulbulia     11th June 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has received approval to sell 256 ct of rough diamonds recovered during a bulk sampling programme at the Thorny River project, in South Africa. The sale of diamonds from bulk sampling will enable the further development of the project. 

Gem paid Lesotho $24.55m in royalties, taxes in 2018

By: Tasneem Bulbulia     11th June 2019 Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year. The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government. 

Alrosa sales weaker than in previous years

By: Mariaan Webb     10th June 2019 The world’s largest diamond miner by volume, Russia’s Alrosa, has sold about $700-million worth of diamonds less in the first five months of this year, than in the same period last year, highlighting the pressure that the diamond market is under amid a supply glut. Sales for the January to May... 

Record 24.98 ct diamond recovered at Kareevlei

By: Tasneem Bulbulia     7th June 2019 Aim-listed BlueRock Diamonds has recovered its largest diamond to date, a 24.98 ct gem-quality diamond. This diamond, which was recovered from its Kareevlei diamond mine, near Kimberley, in South Africa’s Northern Cape, would shortly be put to tender. 

Manufacturer completes DRC alluvial mining equipment project

By: Khutso Maphatsoe     7th June 2019 Alluvial diamond mining equipment manufacturer PCF Engineering has completed a multimillion-rand project for a client active in the Tshikapa diamond field in the Democratic Republic of Congo, for the manufacture and supply of a variety of equipment. PCF Engineering supplied gravel pumps,... 

ECONOMIC ENDEAVOUR For some small mining companies it is much cheaper to do alluvial mining in the rivers
Photo by Creamer Media
ECONOMIC ENDEAVOUR For some small mining companies it is much cheaper to do alluvial mining in the rivers

Zero harm is possible – Zikalala 

By: Martin Creamer     7th June 2019 Nompumelelo (Mpumi) Zikalala has hit the ground running as the newly appointed Managing Director of De Beers Group Managed Operations in South Africa and Canada, which employ more than 5 500 people, including contractors. The focus of the De Beers Group Managed Operations leadership team is on... 

Zero harm is possible – Zikalala
Newly appointed MD of De Beers Group Managed Operations in South Africa and Canada Mpumi Zikalala talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

Company provides maintenance and repair services for mining industry

By: Khutso Maphatsoe     7th June 2019 Having recently completed a large facility management project for diamond processing organisation the Diamond Trading Company (DTC) in Gaborone, Botswana, industrial rope-access specialist Skyriders has found a faster, more efficient way of conducting maintenance on site through rope access. The... 

Lucapa launches next phase Lulu kimberlite search

By: Creamer Media Reporter      6th June 2019 Australia-based Lucapa Diamond Company has launched a $3.3.-million, 12-month exploration programme to locate the kimberlite source of the high-value alluvial diamonds that it currently mines at the Lulo mine, in Angola. The programme is based on a technical review of Lulo kimberlite exploration... 

Top miners doing well, but not getting credit for it – PwC 

By: Simone Liedtke     4th June 2019 The world’s top 40 mining companies continued to consolidate their performance of the past several years by delivering steady growth in 2018, PwC’s ‘Mine 2019’ report, published on Tuesday, states. Combined, these companies’ revenue had increased by 8% year-on-year, which PwC says was buoyed by... 

(Left to Right) PwC assurance partner Andries Rossouw, PwC director Sizwe Mtetwa and PwC Africa energy utilities and resources leader Michal Kotzé
Photo by Creamer Media's Dylan Slater
(Left to Right) PwC assurance partner Andries Rossouw, PwC director Sizwe Mtetwa and PwC Africa energy utilities and resources leader Michal Kotzé

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Bernard Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Lulo diamonds sell for $10m

By: Tasneem Bulbulia     3rd June 2019 ASX-listed diamond miner Lucapa on Monday announced that its latest sale from the Lulo alluvial mine, in Angola, had achieved gross revenues of $10-million, representing an average price of $1 800/ct. This took total half-year sales of Lulo diamonds to $22.1-million, achieving an average price of... 

Namibia’s diamond marine recovery a success story to replicate – Debmarine

By: Natasha Odendaal     30th May 2019 The success of public-private joint venture Debmarine Namibia illustrates the possibilities of marine extraction activities attaining environmental sustainability, local empowerment of communities and economic progression. The marine diamond recovery partnership between the government of Namibia... 

Lucapa weighing another diamond sale

By: Esmarie Iannucci     29th May 2019 Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho. The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems. 

1 758 ct diamond another victory for XRT circuit at Karowe

24th May 2019 Canadian miner Lucara Diamond Corp has recovered a 1 758 ct uncut diamond – the world’s second-largest – from its wholly owned Karowe diamond mine, in Botswana. The unbroken stone, one of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond... 

Debswana awards mining contract, starts Cut-9 project

24th May 2019 Debswana Diamond Company (Debswana) has awarded a local contract to Majwe Mining, a joint venture (JV) between Bothakga Burrow Botswana and mining services provider Thiess Botswana, to provide diamond mining services to Debswana’s Cut-9 project at the Jwaneng diamond mine. The value of the... 

REACHING NEW HEIGHTS
With global consumer demand for diamonds reaching record levels in 2018, the extension will enable Debswana to continue to meet the needs of consumers
REACHING NEW HEIGHTS With global consumer demand for diamonds reaching record levels in 2018, the extension will enable Debswana to continue to meet the needs of consumers

Exploration projects on the rise in Botswana

By: Khutso Maphatsoe     24th May 2019 Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. Campbell... 

CLEARLY CUT In Botswana, there is access to historical and geological information, a clear rule of sovereign law and the prospecting licence application process has clear rules and regulations, which make the country appealing to resource investors
CLEARLY CUT In Botswana, there is access to historical and geological information, a clear rule of sovereign law and the prospecting licence application process has clear rules and regulations, which make the country appealing to resource investors

Base metals promise future prosperity for Botswana economy

By: Khutso Maphatsoe     24th May 2019 The base metals industry is an exciting prospect for Botswana, as copper mining is increasing, which bodes well for the country’s economy, says Botswana Chamber of Mines (BCM) CEO Charles Siwawa. Although copper- and nickel-producing mines have temporarily closed down, companies such as Khoemacau... 

MORE FOR ALL
There is quite a lot of exploration around the Orapa area, which is known for diamond mining
MORE FOR ALL There is quite a lot of exploration around the Orapa area, which is known for diamond mining

Locally-manufactured mobile stations delivered to Botswana mine

24th May 2019 A major miner in Botswana has commissioned a South African company to manufacture three mobile operator stations at its Orapa diamond mine in Botswana. The mobile stations allow for capital equipment to operate by means of remote-control technology, 100 m away from where the machine is working. 

A FIRST OF MANY MultiFAB Engineering has manufactured three mobile operator stations for the Orapa diamond mine in Botswana
A FIRST OF MANY MultiFAB Engineering has manufactured three mobile operator stations for the Orapa diamond mine in Botswana

Mining Charter III provisions seen by some as too onerous for junior miners

By: Nadine James     24th May 2019 There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter 3, but which introduces reasonable and achievable transformation and procurement targets relative to the size and financial constraints of junior and emerging miners, says Eversheds Sutherland... 

Mining Charter III provisions seen by some as too onerous for junior miners

Mothae delivers another stellar find

By: Esmarie Iannucci     23rd May 2019 Africa-focused diamond miner Lucapa Diamond Company has recovered a 126 ct gem-quality diamond from its Mothae operation, in Lesotho. The diamond is the largest recovered at Mothae since commercial operations started in January this year, and the largest gem-quality diamond ever recovered at the... 

De Beers records lower sales amid macroeconomic uncertainty

By: Creamer Media Reporter      21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. 

Junior-specific Charter III provisions will boost growth

By: Nadine James     17th May 2019 The Minerals Council South Africa facilitated the inclusion of junior-specific provisions in Mining Charter 3, gazetted in September last year, says Minerals Council Junior and Emerging Miners Desk head Grant Mitchell. He notes that the provisions will assist the stability and growth of the... 

Lulo delivers another stellar diamond

By: Esmarie Iannucci     16th May 2019 A 130 ct gem quality diamond has been recovered from the Lulo diamond project, in Angola, owner Lucapa Diamond Company reported on Thursday. The diamond is the thirteenth stone of more than 100 ct to be recovered to date, and the second so far in 2019, Lucapa told shareholders. 

Presidency slapped with hefty R29.9bn claim over Lesotho diamonds

By: News24Wire      16th May 2019 A diamond mining company has filed a R29.9-billion claim against President Cyril Ramaphosa and his government as a near three-decade-long dispute over expropriated diamond mining rights in Lesotho reaches South African courts again. Josias van Zyl, MD of Swissbourgh Diamond Mining, is arguing... 

Debmarine Namibia to invest $468m in its seventh diamond recovery vessel 

By: Simone Liedtke     16th May 2019 Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet. The vessel, which will be built at a cost of $468-million,... 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

Military stake stymies $4bn Zimbabwe platinum project

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

Eunomix CEO Claude Baissac (right) with Mining Weekly Online's Martin Creamer
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Petra sells 424.89 ct diamond for nearly $15m

By: Creamer Media Reporter      14th May 2019 London-listed Petra Diamonds has sold the 424.89 ct Legacy of the Cullinan Diamond Mine diamond to Stargems Group/Choron for just under $15-million. The exceptional D-colour Type IIa diamond was mined from the Cullinan C-Cut and adds to the most famous diamonds to have originated from the... 

Stornoway targets up to C$20m in cost reductions to preserve liquidity

By: Marleny Arnoldi     14th May 2019 Canadian miner Stornoway Diamond Corporation has initiated a series of actions to preserve its liquidity, including targeted cost reductions of C$18-million to C$20-million this year. The miner, which operates the Renard mine in Quebec, said on Monday that the continued downward pressure on the... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.
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