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Diamonds News

Lucapa buys Merlin, makes plans for a restart

By: Esmarie Iannucci     24th May 2021 Diamond miner Lucapa Diamonds has struck an A$8.5-million deal to acquire the Merlin diamond project, in the Northern Territory, announcing plans to raise A$23-million to fund both the acquisition of the project and its advancement. The Merlin project is home to Australia’s largest mined rough... 

BlueRock secures £1.61m loan for Kareevlei expansion

By: Schalk Burger     21st May 2021 Aim-listed BlueRock Diamonds has agreed nonbinding heads of terms with investment company Teichmann Group to provide capital to deliver the expansion project at the Kareevlei mine, in the Kimberley region. A £1.61-million loan note was agreed with the intention that it will be replaced by a... 

Miner secures $220-million for expansion

21st May 2021 The facilities will include two tranches: a project finance facility of $170-million to fund the development of the underground project, and a working capital facility of $50-million to support the ongoing operation of the Karowe openpit mine. Financial close is subject to satisfactory completion... 

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Diamond jewellery demand in US, China robust; India's demand affected by Covid-19 wave

By: Creamer Media Reporter      19th May 2021 Diamond miner De Beers continues to see "robust" demand for diamond jewellery in the key US and China consumer markets, says CEO Bruce Cleaver. The scale of the second wave of Covid-19 infections in India, where the majority of the world’s diamonds are cut and polished, has, however, led to... 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

Last of the Argyle greats go on tender

By: Esmarie Iannucci     19th May 2021 Diversified miner Rio Tinto this week unveiled a preview of its final showcase of rare Argyle pink, red and blue diamonds from its iconic mine in the remote east Kimberley region of Western Australia. Mining at the Argyle mine stopped in November last year, after 37 years of operation.  

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Russia’s biggest cut diamond fetches $14.1m at Christie’s

By: Bloomberg     14th May 2021 A flawless 100.94-ct colorless diamond that’s considered to be the biggest polished gem from Russia sold for 12.84-million Swiss francs ($14.1-million) at Christie’s in Geneva. The Spectacle, which was cut from a rough stone discovered by Alrosa at an alluvial mine in Russia’s Far East in 2016,... 

Company announces emerald auction results

14th May 2021 Emerald miner Gemfields, which operates the Kagem emerald mine in Lufwanyama, Zambia, last month announced the results of an emerald auction comprising a series of five sequential mini auctions that were held between March 15 and April 17. The proceeds of this auction will be fully repatriated to... 

MAINTAINING CRITICAL OPERATIONS
Operations at Kagem mine, suspended for a year until March 2021, were expected to ramp back up to full scale by the end of April
Photo by Bloomberg
MAINTAINING CRITICAL OPERATIONS Operations at Kagem mine, suspended for a year until March 2021, were expected to ramp back up to full scale by the end of April

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Lulo delivers another large diamond

By: Esmarie Iannucci     13th May 2021 Diamond miner Lucapa has recovered a 138 ct diamond from Mining Block 46 at its Lulo operation, in Angola. The ASX-listed company on Thursday said that this was the seventh diamond of more than 100 ct to be recovered in 2021 so far, and the 24th stone of more than 100 ct to be recovered at Lulo... 

Petra agrees to settlement over human rights abuses claims

By: Tasneem Bulbulia     12th May 2021 A settlement has been agreed with diamond miner Petra Diamonds following claims of serious human rights abuses at its majority-owned Williamson diamond mine in Tanzania. Law firm Leigh Day has agreed the settlement on behalf of 71 claimants who allege that they suffered serious human rights... 

Williamson mine
Williamson mine

Strong demand for diamonds, rough and smooth, boosts Alrosa sales

By: Reuters     12th May 2021 Russia's Alrosa, the world's largest producer of rough diamonds, said on Wednesday its April sales of rough and polished stones rose by 12% month-on-month to $401-million after demand for diamond jewellery strengthened in the main markets. Global demand for precious stones has been recovering... 

Anglo says technology integral to its sustainability 

By: Schalk Burger     12th May 2021 Diversified mining multinational Anglo American on May 11 provided a detailed overview and update of the technologies that are being developed and deployed group-wide, as well as the impact of its operating model changes, to sustain and improve its operations. “Technology and innovation are... 

Anglo American technical director Tony O'Neill
Anglo American technical director Tony O'Neill

Lucapa sells more diamonds

By: Esmarie Iannucci     11th May 2021 Diamond miner Lucapa Diamonds has sold a 4 000 ct parcel of diamonds, generating A$6.3-million in revenue. The sale excluded seven high value diamonds, including two pink diamonds, which have been put aside for later sale, the company said. 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire  

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Wits Mining Institute director Professor Fred Cawood
Colleagues wish Wits Mining Institute director Professor Fred Cawood farewell as he retires after serving 22 years in mining education

Gem recovers another large diamond at Letšeng

By: Creamer Media Reporter      10th May 2021 LSE-listed Gem Diamonds has recovered a high-quality 370 ct Type II white diamond from the Letšeng mine in Lesotho. This follows the company's announcement on May 4 of the recovery of a high-quality 254 ct Type II white diamond. 

Gem recovers another large diamond at Letšeng

Artisanal and small-scale mining workforce has tripled from 2001

By: Donna Slater     7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... 

Protest action across South Africa damaging country’s prospects for further investment, exploration 

By: Simone Liedtke     7th May 2021 The Minerals Council South Africa has condemned the “violence and thuggery” being experienced at various operations and in various communities across South Africa and has called on authorities – especially the South African Police Service – to “act swiftly and impartially” to ensure the safety of... 

Lucara reports higher first-quarter earnings

By: Creamer Media Reporter      7th May 2021 Canada-headquartered Lucara Diamond Corp achieved adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $22.2-million for the quarter ended March 31, compared with the Ebitda of $8.1-million reported for the quarter ended March 31, 2020. It earned net income of... 

New training centre for diamond mine

By: Darren Parker     7th May 2021 Diamond mining company De Beers Group – majority owned by diversified mining major Anglo American – is constructing a new training facility at its Venetia Diamond Mine, in Limpopo, to facilitate the transitional training of personnel for the Venetia Underground Project (VUP). The VUP is under way... 

MORRISON MASEKO The transition from openpit to underground demands a complete shift in mindset, as well as new skills
MORRISON MASEKO The transition from openpit to underground demands a complete shift in mindset, as well as new skills

Lucara secures $220m for Botswana diamond mine expansion

By: Mariaan Webb     6th May 2021 Canadian miner Lucara Diamond Corp has secured credit-approved commitments for senior debt facilities of up to $220-million to fund the underground expansion of its Karowe mine that will allow the operation to continue until at least 2040. The facilities will include project financing of... 

Lucara operates the Karowe mine, in Botswana.
Lucara operates the Karowe mine, in Botswana.

Tanzania gets renewed hope to transform mining industry with Hassan administration – Leon

By: Donna Slater     5th May 2021 The “change of tone” brought by Tanzania’s new President Samia Suluhu Hassan over the past month could indicate a welcome new economic direction for the country, professional services firm Herbert Smith Freehills partner and Africa co-chairperson Peter Leon says.   In March, former Tanzania... 

Mothae diamonds sell for $1.5m

By: Creamer Media Reporter      5th May 2021 Australia-based Lucapa Diamond Company has netted $1.5-million from the sale of 3 617 ct of diamonds from its Mothae mine, in Lesotho. The company achieved a price of $420/ct in this third sale of 2021. The average diamond price achieved in the three sales to date in 2021 is $936/ct. 

World’s biggest jewellery maker will no longer use mined diamonds

By: Bloomberg     4th May 2021 Pandora, which makes more pieces of jewelry than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods. Despite decades of reform, the global jewelry market remains tainted by reports of... 

World’s biggest jewellery maker will no longer use mined diamonds

Gem recovers 254 ct diamond

By: Creamer Media Reporter      4th May 2021 LSE-listed Gem Diamonds has recovered a high-quality 254 ct Type II white diamond from the Letšeng mine, in Lesotho. 

Gem recovers 254 ct diamond

De Beers overtakes Newmont to lead ESG ranking of global miners

By: Bloomberg     30th April 2021 The world’s biggest diamond producer may not be the first name that comes to mind in a ranking of top ESG performers. But that’s what the latest industry survey revealed. De Beers scored the highest in London-based Alva’s quarterly rating of environmental, social and governance perceptions this... 

De Beers overtakes Newmont to lead ESG ranking of global miners

WFDB launches fundraising campaign for Covid-19 relief in India

By: Tasneem Bulbulia     29th April 2021 Industry organisation the World Federation of Diamond Bourses (WFDB) has launched a campaign, Diamond Aid, to raise funds to help India in its battle against Covid-19. On April 28, the WFDB executive committee held an emergency session over Zoom and decided unanimously to mobilise the... 

Alrosa recommends record high dividend amid strong demand for diamonds

By: Reuters     29th April 2021 Russia's Alrosa, the world's largest producer of rough diamonds, has recommended a record half-year dividend payment of 70.3-billion roubles ($938-million) representing 80% of its free cash flow (FCF), the State-controlled company said on Wednesday. The company, which competes with Anglo American... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Integral Asset Management chief investment officer Bruce Williamson.
Integral Asset Management CIO Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Diamond stash worth billions sold off after demand roars back

By: Bloomberg     26th April 2021 The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers. The huge stockpile was built up when the diamond world came to a standstill during the height of the... 

Debswana expects new strategy to create at least $900m in extra revenue 

By: Reuters     23rd April 2021 Debswana Diamond Company, a joint venture between the Botswana government and Anglo American’s De Beers, said on Friday that its new business strategy adopted last year should enable it to create at least ten-billion pula ($924-million) in additional revenue over the next four years. The... 

De Beers, BMH Africa launch skills development programme

By: Tasneem Bulbulia     23rd April 2021 Diamond miner De Beers’ Venetia mine, in partnership with contracting partner BMH Africa, on April 23 launched a programme to develop skills in the construction industry and ultimately enhance the local skills base. The programme, which is part of De Beers Group’s Socio-Economic Development... 

De Beers Group Managed Operations MD Mpumi Zikalala and Acting Mayor of Musina Local Municipality Councillor Jeremiah Khunwana turning the first sod on the Stand 4 construction
De Beers Group Managed Operations MD Mpumi Zikalala and Acting Mayor of Musina Local Municipality Councillor Jeremiah Khunwana turning the first sod on the Stand 4 construction

Diamcor sells 2 122.76 ct in latest tender

By: Donna Slater     22nd April 2021 TSX-listed junior diamond miner Diamcor Mining – in its first tender and sale of rough diamonds recovered from the processing of quarry material from its Krone-Endora at Venetia project during its new fiscal year starting April 1 – tendered and sold 2 122.76 ct. The sale generated initial gross... 

Anglo American lifts first-quarter output on strong copper, PGMs performance 

By: Donna Slater     22nd April 2021 Diversified miner Anglo American managed to meet strong customer demand during the quarter ended March 31, despite some limited constraints at certain operations as a result of Covid-19, CE Mark Cutifani says. He notes that production for the quarter was achieved at 95% of normal operating capacity. 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Gem Diamonds records solid first-quarter performance

By: Tasneem Bulbulia     22nd April 2021 London-listed Gem Diamonds recovered 29 010 ct of diamonds from its 70%-owned Letšeng mine, in Lesotho, in the quarter ended March 31, an increase from the 26 110 ct produced in the first quarter of 2020. Gem sold 26 919 ct of diamonds and generated revenue of $43.9-million. The average price... 

BlueRock lifts Kareevlei production, extraction and grade

By: Donna Slater     20th April 2021 Aim-listed diamond producer BlueRock Diamonds, which operates the Kareevlei diamond mine, near Kimberley in South Africa, reports that its production for the first quarter of this year had increased by 40% year-on-year, despite adverse weather conditions. The mine produced 3 507 ct in the... 

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