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Diamonds News
Incentive needed for smaller end of stock exchange to survive – Miller 
By: Martin Creamer 18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... →
Gem Diamonds recovers two high-quality diamonds from Letšeng
By: Tasneem Bulbulia 18th October 2021 LSE-listed Gem Diamonds has recovered a high-quality 245 ct Type II white diamond and a high-quality 102 ct Type II white diamond, from the Letšeng mine, in Lesotho. Gem Diamonds owns 70% of the mine, which is known for producing large, top colour, exceptional white diamonds, making it the... →
Miners’ rough diamond stocks ‘at minimal levels’ – Alrosa
By: Creamer Media Reporter 15th October 2021 Russian diamond miner Alrosa sold 9.2-million carats in the three months ended September, a 20% quarter-on-quarter decrease, owing to the lack of rough diamond inventories available for sale and the high base effect of the second quarter. The company, which produced 8.8-million carats in the... →
Ministry organises inaugural Angola International Diamond Conference
By: Tasneem Bulbulia 15th October 2021 The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the... →
Namdeb to extend land-based operations' mine life to 2042
By: Creamer Media Reporter 14th October 2021 Namdeb Diamond Corporation, a 50:50 joint venture between De Beers Group and the government of Namibia, have approved a new long-term business plan that will extend the current life-of-mine of its land-based operations as far as 2042. Under the previous business plan, the land-based Namdeb... →
BlueRock lifts third-quarter production
By: Simone Liedtke 12th October 2021 Aim-listed diamond producer BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in South Africa’s Kimberley region, produced 7 682 ct during the third quarter. This is an effective increase of 38% compared with production in the third quarter of the 2020 financial year. →
Diamcor delivers more than 2 500 ct of rough diamonds for tender
By: Simone Liedtke 12th October 2021 TSX-V-listed Diamcor Mining has delivered 2 512.17 ct of rough diamonds for the company’s first tender and sale of the current quarter, ending December 31. The total carats delivered for this initial tender are in line with company expectations and the first since the company’s recent completion... →
BlueRock sells 7.1 ct diamond for more than $64 000
By: Simone Liedtke 7th October 2021 Aim-listed diamond producer BlueRock Diamonds has sold a 7.1 ct diamond for $64 826 in its September tender. BlueRock owns and operates the Kareevlei diamond mine, in South Africa’s Kimberley region. →
South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears
By: Martin Creamer 7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... →
Brown steps down as Mountain Province president, CEO
By: Creamer Media Reporter 7th October 2021 Canadian diamond miner Mountain Province Diamonds says it has reached a mutual decision with president and CEO Stuart Brown for him to step down from his position with immediate effect. Jonathan Comerford has been appointed Interim president and CEO, while the process to appoint a full-time... →
Alrosa records steady demand for large rough diamonds in key hubs
By: Creamer Media Reporter 7th October 2021 Russian diamond miner Alrosa in August and September sold 349 lots of diamonds, weighing more than 6 000 ct, at auctions in Antwerp, Dubai and Ramat Gan. The auctions, which attracted bidding companies from Belgium, Israel, India and the United Arab Emirates, generated $37.8-million in revenue. →
South Africa in danger of missing out on commodity boom, Joburg Indaba hears
By: Martin Creamer 6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... →
Innovative wireless sensor approach could make exploration cheaper – Prof
By: Martin Creamer 5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... →
Diamond industry ‘ready to reform’ with launch of upgraded industry-applied mechanism
By: Simone Liedtke 5th October 2021 The World Diamond Council (WDC) has launched its upgraded System of Warranties (SoW), which is an industry-applied mechanism that links rough and polished diamonds to the Kimberley Process Certification Scheme (KPCS) with which producers were originally associated. Participants are also required... →
Diamond giant De Beers hunts for treasure in Greenland's waters
By: Reuters 5th October 2021 Mining giant De Beers has commissioned a survey of the ocean floor off Greenland's coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. The eight-day survey of around 800 km of seabed off Greenland's west coast, near the town of Maniitsoq, ended on... →
Investment in mining crucial to ensure continued contribution to economy – PwC
By: Martin Creamer 5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... →
Giant private mining companies getting away with no obligation to report anything publicly 
By: Martin Creamer 4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... →
Made-from-carbon-dioxide concrete, lululemons and diamonds spark investor excitement
By: Reuters 4th October 2021 What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. →
Sunland Minerals’ Botswana prospecting licences renewed
By: Tasneem Bulbulia 4th October 2021 Botswana Diamonds subsidiary Sunland Minerals’ prospecting licences PL232 and PL235 of 2015 have been renewed for a two-year period starting October 1. Recent aeromagnetic and surveys followed by targeted ground magnetic surveys and soil sampling have identified drill targets on the two PLs. →
Sibanye-Stillwater moving to radical transparency on public tailings disclosure
By: Martin Creamer 29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... →
Sibanye-Stillwater CEO Neal Froneman
Diamcor notes continued progress on growth objectives
By: Tasneem Bulbulia 29th September 2021 Dual-listed Diamcor Mining says the Phase 1 upgrade at the company’s Krone-Endora at Venetia project, in South Africa, is demonstrating its ability to achieve the targeted 100% increase in processing volumes. The upgrades are also expected to achieve the added benefit of reducing operating costs... →
Botswana Diamonds acquires control of Thorny River
By: Creamer Media Reporter 29th September 2021 London-listed Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa. Vutomi and Razorbill are currently owned by Botswana Diamonds MD James... →
Mantashe hopeful of turning Limpopo, North West, Northern Cape into new mining hotspots
By: Donna Slater 28th September 2021 Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the... →
Barloworld reflects on resilient group performance
By: Schalk Burger 28th September 2021 JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial... →
Strong H1 sales continued into third quarter – Mountain Province
By: Creamer Media Reporter 28th September 2021 Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result... →
SADPO welcomes Mining Charter judgment as key to unlocking investment
By: Donna Slater 23rd September 2021 The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review... →
Botswana Diamonds reports positive results from Thorny River drilling
By: Tasneem Bulbulia 21st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension – were one contiguous orebody, thus increasing... →
Massive uncut diamond unveiled in New York
By: Reuters 21st September 2021 In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the... →
BlueRock records good interim progress
By: Tasneem Bulbulia 20th September 2021 Aim-listed BlueRock Diamonds recorded good progress on a number of fronts during the six months ended June 30, chairperson Mike Houston says, despite a challenging period and delays in the expansion project at its Kareevlei mine, in the Kimberley region of South Africa. The company announced a... →
S&P revises Botswana's outlook to 'stable' on strong diamond sector recovery
By: Reuters 20th September 2021 Ratings agency S&P on Friday revised its outlook on Botswana to 'stable' from 'negative', citing its expectation that economic rebound, supported by a strong diamond sector recovery, will lead to a material improvement of fiscal and external performance over the next two years. "We expect... →
Alrosa undertakes study following interaction between kimberlite and carbon dioxide
By: Donna Slater 17th September 2021 Russia-based diamond miner Alrosa has completed the first phase of a study, set to continue into 2023, into kimberlite’s ability to absorb carbon dioxide (CO2) from the atmosphere. This follows preliminary studies undertaken by Alrosa and Russian research centres showing a degree of interaction... →
South Africa’s junior mining dearth result of unintended consequence – AmaranthCX
By: Martin Creamer 14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... →
Petra swings to full-year net profit, mulls selling Williamson mine
By: Marleny Arnoldi 14th September 2021 After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million. In the prior financial year, the... →
Alrosa diamond sales fall on inventory shortages
By: Creamer Media Reporter 10th September 2021 Russian diamond major Alrosa has reported diamond sales of $306-million in August, comprising $297-million in rough sales and $10-million in polished sales. This compares with total sales of $334-million in July and $410-million in June. Total sales in carats were lower in August, owing to a... →
Alrosa commits to collaboration with DRC State miner
By: Marleny Arnoldi 9th September 2021 Russian diamond miner Alrosa has signed a memorandum of understanding (MoU) with Democratic Republic of Congo (DRC) State-owned diamond miner Societé minière de Bakwanga (MIBA) to increase their collaboration. The MoU defines areas of mutual interest and the potential for cooperation in the... →
Lucara’s Botswana expansion formally approved
By: Mariaan Webb 9th September 2021 The board of Lucara Diamond Corp has formally approved the $534-million expansion of its Karowe mine, in Botswana, the Canadian miner announced on Wednesday. The underground mine construction approval follows the financial closure and satisfaction all conditions precedent to a $220-million debt... →
Diamcor completes first phase of upgrades at Krone-Endora at Venetia
By: Simone Liedtke 8th September 2021 TSX-V-listed Diamcor Mining has completed the first phase of planned upgrades ahead of schedule at the company’s Krone-Endora at Venetia project, in South Africa. The initial upgrades, originally targeted for completion by the end of September, are aimed at providing the company with the... →
De Beers seventh sales cycle revenue amounts to $515m
By: Simone Liedtke 8th September 2021 Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year. This compares with the $514-million in sales recorded in the sixth sales cycle, and the $334-million in sales recorded in the seventh sales cycle of 2020. →
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