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Diamonds News

Petra’s revenue increases as diamond market improves  

By: Tasneem Bulbulia     20th April 2021 Diamond miner Petra Diamonds’ revenue for the quarter ended March 31 – the third quarter of its 2021 financial year – increased by 16% year-on-year to $106-million, as prices recovered to pre-Covid-19 levels. For the nine months ended March 31, revenue was $284.2-million, in line with that of the... 

Arctic Star strikes new kimberlite

By: Creamer Media Reporter      19th April 2021 Exploration company Arctic Star has announced a new discovery on the Diagras joint venture project, which is next to the Diavik and Ekati diamond mines, in Northwest Territory. Named the Birch kimberlite, it was discovered by targeting an electromagnetic and gravity anomaly. 

Botswana Diamonds to undertake second stage drilling campaign at Thorny River

By: Tasneem Bulbulia     15th April 2021 Dual-listed diamond explorer Botswana Diamonds will begin a further drilling programme on its Thorny River diamond prospect, in South Africa’s Limpopo province, on April 19. Following the discovery of the River kimberlite pipe, the company upgraded the potential of the property. 

Covid outbreak weighs on Mountain Province Q1 production

By: Mariaan Webb     14th April 2021 Canadian diamond miner Mountain Province has reported a sharp drop in first-quarter production, following the 22-day shutdown of its Gahcho Kué mine after a Covid outbreak in February. The mine recovered 1.39-million carats, which is 16% lower than the comparable quarter of 2020. The recovered... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Allan Saad, Consulting Exploration Geologist
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

S&P upgrades Petra’s credit rating, but negative outlook remains for now  

By: Marleny Arnoldi     9th April 2021 Ratings agency Standard & Poor’s (S&P) Global has raised its long-term issuer credit rating on London-listed Petra Diamonds to ‘B-‘ from ‘D’, after the company reduced its debt by $375-million and extended its maturities for the next two years. S&P forecasts that Petra’s ratings-adjusted debt... 

BlueRock issues new shares to repay loan to former CEO

By: Tasneem Bulbulia     7th April 2021 Aim-listed BlueRock Diamonds has issued 61 013 ordinary shares at a price of £0.43 a share to part satisfy the payment of interest and repayment premium in accordance with the terms of the original loan agreement between the company and its former CEO Adam Waugh. The loan has now been repaid in... 

De Beers' third diamond sales cycle nets $440m

By: Donna Slater     7th April 2021 Diversified miner Anglo American’s diamond mining business De Beers’ third sales cycle of rough diamonds for this year generated $440-million. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe as a result of the Covid-19 pandemic, De Beers... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Lucara extends HB supply agreement

By: Mariaan Webb     7th April 2021 Canada-headquartered Lucara Diamond Corp has extended its supply agreement for diamonds larger than 10.8 ct with HB Antwerp to December 2022. Under the terms of the agreement, the purchase price paid for each 10.8-ct plus rough diamond is based on the estimated polished outcome, determined... 

First Nation fears De Beers landfill could be ‘another Juukan Gorge’

By: Mariaan Webb     6th April 2021 The Attawapiskat First Nation has raised concern about the new landfill that global diamond miner De Beers, a unit of diversified major Anglo American, plans to build at the Victor mine site in the James Bay Lowlands of Canada. The new landfill, for which De Beers is seeking approval from the... 

The Victor mine, in the James Bay Lowlands of Canada
Photo by Charles Hookimaw, Attawapiskat First Nation, Director of Lands and Resources
The Victor mine, in the James Bay Lowlands of Canada

Pilot projects start at mines

By: Cameron Mackay     2nd April 2021 Drilling technology and services provider Rosond is involved in the development of new drilling solutions and methodologies for pilot projects at local underground mines. These projects involve using innovations, such as drilling using flushed air or foam instead of water, as well as using... 

GROUNDBREAKING DRILLING
The company’s  Rocor machines are standardised and fully interchangeable drills. They can be used above and below ground, and can be truck-, skid- or crawler-mounted
GROUNDBREAKING DRILLING The company’s Rocor machines are standardised and fully interchangeable drills. They can be used above and below ground, and can be truck-, skid- or crawler-mounted

Tech advancements will address productivity challanges

2nd April 2021 Although mining terrain, minerals and the earth’s surface materials may remain largely the same for years to come, the development in the technology used to extract these minerals has changed dramatically, notes Australian-based Austin Engineering in a press release last month. The company adds... 

PULLING OUT ALL  THE STOPS The Austin team works closely with steel manufacturers to get optimal performance, both structurally and for its abrasion-resistant properties
PULLING OUT ALL THE STOPS The Austin team works closely with steel manufacturers to get optimal performance, both structurally and for its abrasion-resistant properties

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Petra delays release of report into alleged abuses at Williamson mine 

By: Tasneem Bulbulia     30th March 2021 LSE-listed Petra Diamonds says it has obtained further information relating to the allegations of human rights abuses at its Williamson mine, in Tanzania. It has, therefore, decided to defer the publication of its feedback on the independent investigation into the alleged human rights abuses... 

BlueRock sells three gem-quality diamonds for $214 000

By: Donna Slater     29th March 2021 Aim-listed diamond producer BlueRock Diamonds has sold three gem-quality diamonds weighing 8.4 ct, 10.6 ct and 9.7 ct for $214 000. Bluerock, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, sold the diamonds for $88 000, $73 000 and $53 000,... 

Botswana Diamonds progresses development of Botswana, South African projects

By: Marleny Arnoldi     29th March 2021 Aim-listed Botswana Diamonds (BOD) says it had an eventful six months ended December 31, 2020, making significant progress on its diamond development projects in Botswana and South Africa. Some of the company’s highlights include discovering a new diamond-bearing kimberlite at its Thorny River... 

De Beers serves to diversify Anglo’s business profile, providing stability – Moody’s

By: Donna Slater     26th March 2021 Diversified miner Anglo American’s De Beers subsidiary is serving to improve the group’s business profile by providing diversification and, most of the time, stability to its otherwise more closely correlated mining operations, reports risk assessment firm Moody’s in a recent report. With an... 

UK watchdog says guards at Petra’s Tanzanian mine deliberately modified ammunition

By: Tasneem Bulbulia     25th March 2021 Zenith Security guards employed at diamond miner Petra Diamonds’ Williamson mine, in Tanzania, allegedly deliberately swapped rubber projectiles with metal shot in their weapons, causing serious harm to local residents shot on the company’s concession, UK corporate watchdog RAID said in a... 

More diamonds sold from Mothae

By: Esmarie Iannucci     24th March 2021 Diamond miner Lucapa Diamonds has reported A$7.6-million in revenue from the sale of its latest parcel of rough diamonds from its Mothae kimberlite mine, in Lesotho. The company on Wednesday announced that 5 619ct of diamonds had sold for $1 050/ct, with the sale including a 215ct D-colour... 

Lucara aims to close $220m debt package for Karowe by mid-year

By: Mariaan Webb     24th March 2021 Canadian mining company Lucara Diamond has mandated five international financial institutions for a secured project financing package of up to $220-million to fund the underground expansion of the Karowe mine, in Botswana. The syndicate comprises ING Bank, Natixis, Société Générale, London... 

The Karowe diamond operation in Botswana
The Karowe diamond operation in Botswana

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling CEO Danie Pretorius
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Botswana Diamonds recovers 11 diamonds from Limpopo pipe

By: Tasneem Bulbulia     23rd March 2021 Diamond exploration company Botswana Diamonds has recovered 11 diamonds and abundant kimberlitic indicators from drill samples at the recently discovered River Kimberlite pipe at Thorny River in South Africa’s Limpopo province. Following a detailed ground geophysical programme in October 2020,... 

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling CEO Danie Pretorius.
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Resources increase at Lucapa's Lulo

By: Esmarie Iannucci     23rd March 2021 Diamond miner Lucapa has reported a 35% increase in the resource carats at its Lulo diamond mine, in Angola. The company said on Tuesday that the project is now estimated to host some 135 900 ct at a modeled average diamond value of $1 440/ct. This was up from the previous estimation of 100 700... 

Diamond mine’s 5 000 m drill programme under way

By: Mc'Kyla Nortje     19th March 2021 Drilling solutions provider Lesedi Drilling was appointed to explore the Kimberlite country rock contacts underground at a Limpopo-based diamond mine in January, with the programme scheduled for completion in the third quarter of 2022. A Boart Longyear LM90 electrohydraulic drill rig will be used... 

Kazera readies 242 ct for sale

By: Marleny Arnoldi     18th March 2021 Aim-listed investment company Kazera Global has reported that it final tally of sorted diamonds had increased to 242 ct from the 220 ct reported on February 23. Once this month’s production is sold, assuming an average price of $200/ct, it will take the company’s South African operation into... 

BlueRock recovers three large gem-quality diamonds at Kareevlei

By: Creamer Media Reporter      17th March 2021 Aim-listed BlueRock Diamonds has recovered three large gem-quality diamonds at its Kareevlei mine, in the Kimberley region of South Africa. The diamonds weigh 10.6 ct, 9.8 ct and 8.4 ct. 

Diamond, responsible jewellery councils ink partnership agreement

By: Simone Liedtke     16th March 2021 The World Diamond Council (WDC) and the Responsible Jewellery Council (RJC) have entered into a cross-membership partnership and signed mutual codes of conduct, which will help increase knowledge-sharing, pilot new initiatives and increase the positive impact they both make on the lives and... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Dividend-paying Gem Diamonds working on technologies to reduce diamond damage  

By: Martin Creamer     11th March 2021 Diamond mining and marketing company Gem Diamonds is advancing innovative technologies that reduce diamond damage by ejecting rock non-mechanically and being able to see diamonds in a certain size of rock, Gem CEO Clifford Elphick said on Thursday when the London-listed company reported positive... 

Gem CEO Clifford Elphick
Gem Diamonds results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Petra Diamonds completes restructuring

By: Simone Liedtke     10th March 2021 Diamond miner Petra Diamonds has completed the company’s recapitalisation programme. Initially announced in October 2020, the recapitalisation, or restructuring, of the London-listed miner will see the partial reinstatement of its notes debt and the contribution by the holders of existing notes... 

De Beers' sales rise on positive consumer demand for diamond jewellery

By: Creamer Media Reporter      10th March 2021 Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery. The value of diamonds sold in the second quarter increased to $550-million, from $362-million in the second sales cycle of 2019. 

Namibia’s marine diamond miner’s production hit by COVID-19, drops 13% in 2020

By: Reuters     9th March 2021 Debmarine Namibia, a subsidiary of Anglo American's diamond unit De Beers, on Monday reported a 13% drop in production to 1.125-million carats last year as demand slumped during the Covid-19 pandemic. Namibia has the richest known marine diamond deposits in the world, and is among the top 10... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Fasken panel that discussed hydrogen.
Photo by Creamer Media
Fasken panel that discussed hydrogen.

Petra sells 299 ct diamond for $12.18m

By: Creamer Media Reporter      5th March 2021 London-listed Petra Diamonds in January sold the 299.3 ct diamond recovered at the Cullinan diamond mine, in South Africa, to Stargems DMCC for $12.18-million. The exceptional Type 11a white gem-quality diamond adds to the most famous diamonds that have originated from the historic Cullinan mine.... 

Tsodilo gets green light to list on OTCQB

By: Donna Slater     4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... 

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