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Diamonds News

Alrosa reports 49% fall in profit

By: Reuters     2nd March 2021 Russian State-controlled diamond producer Alrosa on Tuesday reported a 49% fall in 2020 net profit to 32.2-billion roubles ($432-million) on lower sales and a weaker rouble. The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, said output fell by 22%... 

Gahcho Kué workers return to site after Covid suspension

By: Mariaan Webb     1st March 2021 Toronto-listed Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19. CEO Stuart Brown said on Friday that plans to mitigate the loss of production were being... 

 Gahcho Kué workers return to site after Covid suspension

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Botswana's Debswana expects to increase diamond output by 38% in 2021 

By: Reuters     26th February 2021 Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and... 

Lucapa recovers another 100ct diamond

By: Esmarie Iannucci     26th February 2021 ASX-listed diamond miner Lucapa Diamond Company has recovered a its nineteenth diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Friday announced the recovery of a 114 ct Type IIa D-colour white diamond from Mining Block 46, marking the third stone of over 100 ct to... 

Anglo achieves resilient performance in a tough year 

By: Simone Liedtke     25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... 

Anglo achieves resilient performance in a tough year
Anglo American CEO Mark Cutifani gives more insight into the effect of the Covid-19 pandemic and the company's full year results for 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Petra to start implementing restructure

By: Marleny Arnoldi     24th February 2021 London-listed Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring. The company expects the restructuring's effective date to be March 10.  

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Alrosa relaunches plant earlier than planned

By: Creamer Media Reporter      24th February 2021 As conditions in the global diamond market improve, Russian major Alrosa has decided to relaunch the processing plant of its Lomonosov mining and processing division, Severalmaz, on March 1. This is a month earlier than previously planned. The plant is set to process three-million tons of ore... 

215 ct diamond recovered at Mothae

By: Esmarie Iannucci     24th February 2021 Diamond miner Lucapa has recovered a 215 ct diamond from its Mothae mine, in Lesotho. The stone is the largest type IIa D-colour white diamond, and the second of more than 200 ct to be recovered at the 1.1-million tonne a year Mothae plant since commercial diamond mining operations started in 2019. 

Strong price recovery continuing into 2021, says Lucara

By: Mariaan Webb     23rd February 2021 Canada-headquartered Lucara Diamond Corp said on Monday that the strong price recovery of the fourth quarter has continued into 2021, and a stable, positive price environment was forecast for the year. Following an incredibly challenging year in 2020, the diamond industry began 2021 with a... 

Strong price recovery continuing into 2021, says Lucara
Processing at dusk at the Karowe diamond mine, in Botswana.

De Beers hikes diamond prices again as revival keeps going

By: Bloomberg     22nd February 2021 De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace. The world’s biggest diamond producer raised prices by about 4% at its second sale of the year, according to people familiar with the situation who asked not to be... 

De Beers hikes diamond prices again as revival keeps going

Resources Watch  

17th February 2021 This week: Vision Blue helping world to achieve green dream with high-return prospects for investors; Alluvial diamond miners outline way to save fast-shrinking industry; And, Generator supplier completing two orders 

Resources Watch
Resources Watch

Petra sees diamond prices starting to normalise, maintains guidance suspension

By: Marleny Arnoldi     16th February 2021 London-listed Petra Diamonds has advised that its production guidance for the 2021 financial year remains suspended owing to the uncertain impact of the ongoing Covid-19 pandemic. The company has confirmed, however, that diamond pricing on a like-for-like basis had returned to... 

Petra sees diamond prices starting to normalise, maintains guidance suspension
Petra Diamonds' Letlapa Tala Collection

BOD enters cooperation agreement to fast-track Botswana diamond exploration

By: Tasneem Bulbulia     16th February 2021 Dual-listed Botswana Diamonds (BOD) has entered into a cooperation agreement with diamond exploration company Diamexstrat Botswana (DESB), which in turn has an alliance agreement with ASX-listed Burgundy Diamond Mines, to fund exploration at BOD’s licences in Botswana. BOD’s prospecting assets... 

Diamcor notes rise in rough diamond demand

By: Donna Slater     12th February 2021 TSX-listed diamond miner Diamcor Mining reports that 2 028.33 ct of rough diamonds recovered from the processing of quarry material at its Krone-Endora at Venetia mine, in South Africa, were tendered and sold during the company’s second tender and sale of rough diamonds in Dubai during the first... 

Sadpo, Vision Blue, PetroSA make headlines   

12th February 2021 Mining Weekly Editor Martin Creamer unpacks the South African Diamond Producers Organisation's ideas to save the industry, Vision Blue’s high-return prospects for investors and how green hydrogen and powerfuels could revive PetroSA and create a 160-billion euro export platform.   

Sadpo, Vision Blue, PetroSA make headlines
Sadpo, Vision Blue, PetroSA make headlines

Alluvial diamond miners outline way to save fast-shrinking industry  

By: Martin Creamer     11th February 2021 The number of alluvial diamond operators is decreasing at an alarming rate. In 2004, there were 2 000 small diamond-mining companies, which employed close to 25 000 people, and now there are only about 200 operators employing only 5 000 people – a 90% decline. 

Alluvial diamond miners outline way to save fast-shrinking industry
The South African Diamond Producers Organisation is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Tsodilo concludes second tranche of private placement

By: Marleny Arnoldi     11th February 2021 TSX-listed Tsodilo Resources has closed the second and final tranche of its private placement financing for gross proceeds of $150 000. The company issued 300 000 shares at a price of C$0.50 apiece.  

Gemcorp, Endiama sign JV for Angola project

By: Donna Slater     10th February 2021 Emerging markets trade and investment group Gemcorp and Endiama Mining, a subsidiary of Angola’s State-owned diamond company Endiama, have entered into a joint venture (JV) agreement to develop the Mulepe diamond deposit in Lunda Norte, Angola.   The Mulepe site, which contains significant... 

Petra introduces changes at Williamson as human rights abuses investigation continues

By: Marleny Arnoldi     10th February 2021 London-listed diamond miner Petra Diamonds is already making some changes, such as appointing a new security contractor and implementing a new grievance mechanism, at its Williamson mine, in Tanzania, while it finalises an investigation into alleged human rights abuses by security personnel at... 

Petra introduces changes at Williamson as human rights abuses investigation continues
Williamson openpit mine, in Tanzania

Gahcho Kué and Brucejack mines report Covid-19 cases

By: Mariaan Webb     8th February 2021 Production at the Gahcho Kué diamond mine, in Canada’s Northwest Territories, has been suspended, owing to an outbreak of Covid-19 at the mine site. The Brucejack gold mine, in British Columbia, has nine positive cases. 

Gahcho Kué and Brucejack mines report Covid-19 cases
The Gahcho Kue mine, in Northwest Territories.

Diamonds forecast to regain pre-pandemic sparkle in 2022 to 2024 

By: Reuters     8th February 2021 Diamond jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted. Demand recovery will diverge depending on lockdown policies, government support, and the extent to which retailers... 

Diamonds forecast to regain pre-pandemic sparkle in 2022 to 2024

Kareevlei resource upgraded from inferred to indicated, net tonnes increase by 49%

By: Donna Slater     5th February 2021 An updated resource statement of Aim-listed diamond producer BlueRock Diamonds’ Kareevlei diamond mine has resulted in the increase of net tonnes by 49%, to 10.36-million tonnes. This also pushes up the mines net carats by 53%, to 516 200 ct, as well as its indicated resources by 19%.  

Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines   

5th February 2021 Mining Weekly Editor Martin Creamer unpacks Orion Minerals’ latest acquisition in the Northern Cape, Eskom supporting increasing the licensing exemption threshold for self-generation to 50MW and, Botswana intensifying its effort to attract non-diamond exploration.   

Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines
Orion Minerals, Eskom, Botswana's non-diamond exploration make headlines

Battery metal demand to boost DRC mining

By: Cameron Mackay     5th February 2021 The Democratic Republic of Congo’s (DRC’s) mining sector “has been given a boost, owing to a surge in demand for battery metals”, says Nedbank Corporate and Investment Banking mining and resources finances co-head Nivaash Singh. He states that this has increased investment in operations for these... 

Battery metal demand  to boost DRC mining
NIVAASH SINGH Operators in the DRC will have to contend with corruption, illegal mining, growing terrorism, and the Covid-19 pandemic, after having had to deal with Ebola

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana intensifying effort to attract non-diamond exploration
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

Mining has a role to play in supporting the global population, says Cutifani

By: Simone Liedtke     3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... 

De Beers' first sales cycle nets $650m

By: Creamer Media Reporter      3rd February 2021 Diamond miner De Beers sold $650-million of diamonds in the first sales cycle of this year. This is higher than the $551-million of diamonds sold in the first sales cycle of 2020, as well as the $452-million of diamonds sold in the tenth and final sales cycle of 2020. 

Gem Diamonds notes recovery in its output, overall diamond market

By: Marleny Arnoldi     2nd February 2021 London-listed Gem Diamonds recovered four diamonds greater than 100 ct in the last quarter of 2020, bringing the total for the year to 16. The company reports that all its operational guidance metrics for the full year were achieved, including selling 99 172 ct at an average price of $1 908/ct,... 

Gem Diamonds notes recovery in its output, overall diamond market
Gem Diamonds' Letšeng mine, in Lesotho

Lulo diamonds make a splash

By: Esmarie Iannucci     2nd February 2021 Diamond miner Lucapa has reported A$7.7-million in revenues from the sale of a rough diamond parcel of 4 273 ct from its Lulo alluvial mine, in Angola. The ASX-listed miner on Tuesday reported that the diamond parcel was sold for $5.9-million, or $1 375/ct. 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Debswana diamond exports fell 30% in 2020

By: Reuters     29th January 2021 Exports of rough diamonds mined by the Debswana Diamond Company fell 30% in 2020, statistics released by the Bank of Botswana showed Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Debswana, a joint venture between Anglo American unit De Beers and... 

Geological fraternity loses international diamond expert

29th January 2021 In this tribute, geologist Dr John Bristow, pays his respects to fellow geologist Dr Derek Robinson. Derek Robinson, who had a long and distinguished career at the Anglo American Research Laboratories (AARL) and De Beers and established himself as a leading expert in the field of diamond surface... 

Work resumes at Mothae

By: Esmarie Iannucci     29th January 2021 Diamond miner Lucapa has restarted mining operations at its Mothae mine, in Lesotho. The company earlier this month suspended mining operations as a result of a 14-day nation-wide lockdown initiated by the government of Lesotho to curb the spread of Covid-19.  

De Beers adopts strategy to meet carbon-neutral ambition 

By: Martin Creamer     29th January 2021 The De Beers Group is on its way to becoming a miner and marketer of carbon-neutral diamonds. The world’s largest producer of diamonds by value is setting out to achieve – by 2030 – carbon neutrality at its mines in Botswana, Canada, Namibia and South Africa, as well as in its other operations... 

De Beers adopts strategy to meet carbon-neutral ambition
De Beers Group Head of Carbon Neutrality Kirsten Hund is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo reports strong fourth-quarter performance at Los Bronces, Minas-Rio

By: Creamer Media Reporter      28th January 2021 The strong performance recovery in the second half of 2020 continued in the fourth quarter of the year, says diversified miner Anglo American CEO Mark Cutifani.  "As expected, second-half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces, in... 

Anglo reports strong fourth-quarter performance at Los Bronces, Minas-Rio
Mark Cutifani

De Beers lowers 2021 output guidance 

By: Creamer Media Reporter      28th January 2021 Diamond miner De Beers has revised its production guidance for 2021 downwards to between 32-million and 34-million carats, from the previous target of 33-million to 35-million carats, amid ongoing operational challenges and expected lower production from the final cut at its Venetia mine, in... 

De Beers lowers 2021 output guidance
De Beers' Venetia mine
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