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Diamonds News
De Beers’ Forevermark launches in Belgium
By: Marleny Arnoldi 11th December 2019 Diamond miner De Beers has launched its Forevermark jewellery brand in Belgium, through a partnership with jeweller Gautam Diamonds. Forevermark jewellery is now available in Gautam stores in the historic Grand Place/Grote Markt and Galerie de la Reine/Koninginnegalerij, as well as in three... →
Mining companies resuming operations after Stage 6 load-shedding impact 
By: Marleny Arnoldi 11th December 2019 JSE-listed Harmony Gold has resumed shifts at its nine South African underground gold mines from Tuesday afternoon, after power utility Eskom had returned to lower stages of load-shedding. London-listed Petra Diamonds also resumed its South African mining operations on Tuesday, albeit at a 20%... →
Diamond crisis to last another year
By: Bloomberg 11th December 2019 The glut that’s depressing the diamond market will last another year, according to industry consultant Bain & Co. The inventory backlog will probably be cleared in the beginning of 2020, but it will take some time for the market to fully recover, Bain said in a report released on Wednesday. Bank... →
DMRE’s promise of urgent action on power supply fails to include timelines
By: Terence Creamer 10th December 2019 The Department of Mineral Resources and Energy (DMRE) announced on Tuesday that the much-anticipated request for information (RFI) for emergency supply- and demand-side solutions to close the gap left by Eskom’s underperforming coal-fired power stations, both old and new, would be published soon.... →
Mineral Resources and Energy Minister Gwede Mantashe
Load-shedding forces South African miners to halt work
By: Bloomberg 10th December 2019 South Africa’s biggest platinum and gold mining companies are scaling back some operations as record power cuts, now in their sixth day, start to cripple key parts of the economy. Eskom Holdings on Monday moved to Stage 6 load-shedding from 18:00 local time, meaning it cut 6 000 MW from the... →
Petra Diamonds halts South Africa mines after Eskom ups power cuts
By: Reuters 9th December 2019 Petra Diamonds said on Monday it was in the process halting operations at its Cullinan, Finsch and Koffiefontein mines in South Africa after State utility Eskom asked the miner to reduce its electricity load. Production, hoisting and processing have stopped with immediate effect and Petra... →
EHR buys Canadian diamond explorer
By: Esmarie Iannucci 6th December 2019 Multi commodity explorer EHR Resources has reached an agreement to acquire Canadian diamond company Nanuk Diamonds Inc, as part of its strategy to diversify into diamonds in North America. Nanuk holds 625 mineral claims in Northern Quebec covering 274 km2 and containing several occurrences of... →
Gem Diamonds optimistic about prices, tech developments
By: Marleny Arnoldi 4th December 2019 LSE-listed Gem Diamonds CEO Clifford Elphick looks forward to 2020 and is expecting to higher diamond demand and prices. In a video interview distributed by the diamond miner on Wednesday, Elphick said 2019 had been a tough year for the diamond mining industry globally, as evidenced by major... →
Minerals Council members largely compliant with 2010 Charter requirements
By: Simone Liedtke 4th December 2019 The Minerals Council South Africa on Wednesday published a report on the South African mining industry’s progress in transforming the industry in terms of the Mining Charter. The report was based on a survey by advisory firm Moshe Capital into the council members' transformation and community... →
Minerals Council CEO Roger Baxter and public affairs and transformation senior executive Tebello Chabana
Grid power restored at Firestone’s Liqhobong diamond mine
By: Marleny Arnoldi 4th December 2019 Aim-listed Firestone Diamonds has confirmed that stable grid power had been restored at its Liqhobong diamond mine, in Lesotho, and that the mine was processing at full capacity. The Lesotho Electricity Company-owned Muela hydropower station was brought back into operation on December 1,... →
Diamond industry’s torrid year set to continue for some time
By: Bloomberg 2nd December 2019 The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets. There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and... →
Lucara to make underground mining decision in latter half of 2020
By: Marleny Arnoldi 29th November 2019 North American-headquartered miner Lucara Diamond Corporation expects to recover between 370 000 ct and 410 000 ct of diamonds from its Karowe mine, in Botswana, in 2020. The company on Friday provided its operating guidance for next year. →
De Beers achieves zero cases of TB
By: Darren Parker 29th November 2019 Diamond mining major De Beers Group has not recorded any cases of tuberculosis (TB) among its permanent South African employees in 2019. South Africa’s overall TB infection figure is about 567 per 100 000 people, with the country’s mining industry at about 435 per 100 000 people according to the... →
Angola warns cooperatives against compliance failures
By: Rebecca Campbell 29th November 2019 Semi-industrial and artisanal diamond mining cooperatives in Angola will lose their mining licences if they remain inactive for more than six months, Geology and Mines State Secretary Jânio Correia Victor warned recently. He was speaking in Luanda at the First Meeting on Semi-Industrial Diamond... →
Strides made in mine safety, but more should be done – DMRE official
By: Tasneem Bulbulia 28th November 2019 Although strides have been made in reducing mine fatalities, occupational diseases and industry disasters, there is still work to be done in the mining industry’s quest for zero harm, speakers at the Anglo American Tripartite Health and Safety Initiative, said on Thursday. With the industry... →
Zimbabwe’s ZCDC plans debut international diamond sale in 2020
By: Bloomberg 28th November 2019 State-owned Zimbabwe Consolidated Diamond Co plans gem auctions outside the country, including in Asian cities, to widen marketing options amid a market glut that’s steadily made polished stones cheaper. The company must explore and penetrate the international market to boost sales volumes and... →
Lucapa in talks to secure majority stake in Angola JV
By: Simone Liedtke 28th November 2019 ASX-listed Lucapa Diamonds has confirmed that it is in talks to potentially secure a majority stake in the Project Lulo joint venture (JV), which holds the primary kimberlite exploration licence for the 3 000 km2 Lulo diamond concession, in Angola. Discussions are currently under way with the... →
Botswana Diamonds, Vast sign new agreement over Zim diamond concession
By: Simone Liedtke 28th November 2019 Dual-listed diamond explorer Botswana Diamonds and Aim-listed Vast Resources have signed the terms of a new agreement in respect of their proposed joint venture (JV) in the Chiadzwa Marange area, in Zimbabwe. When the detailed agreement between Vast’s Katanga Mining subsidiary and Zimbabwe... →
South Africa is Anglo’s best performing mining jurisdiction – Cutifani
By: Martin Creamer 27th November 2019 South Africa is Anglo American's best performing mining jurisdiction, Anglo American CEO Mark Cutifani said last night, when he chided South Africans for not giving themselves the credit they deserved when it came to transformation already achieved. Cutifani described South Africa as “a wonderful... →
Anglo American CEO Mark Cutifani
Zimbabwe miners appeal to Minister over power-supply failure
By: Bloomberg 26th November 2019 Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts. Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber of Mines wrote in a letter last... →
Diamond industry at ‘inflection point’ – DMCC report
By: Mariaan Webb 26th November 2019 The global diamond industry will require a new narrative and a rebranding to secure its future, a new report has warned. The Dubai Multi Commodities Centre (DMCC) states in its ‘Diamonds Changing Forever’ report that the global industry is at a “major inflection point”. →
Anglo American joins ResponsibleSteel initiative
By: Creamer Media Reporter 25th November 2019 Diversified miner Anglo American has become a member of ResponsibleSteel, a nonprofit organisation and the steel industry's first global, multi-stakeholder standard and certification programme. ResponsibleSteel covers the entire steel supply chain, from raw material supply through steel... →
KP plenary fails to reach consensus on strengthened scope
By: Marleny Arnoldi 22nd November 2019 The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the end of the KP’s three-year reform and review... →
Rio tenders pink diamonds
By: Esmarie Iannucci 22nd November 2019 Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia. The 2019 collection, the 35th tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine... →
‘Nesting doll’ diamond stays in Alrosa’s rare-find collection
By: Creamer Media Reporter 21st November 2019 The unusual “diamond in a diamond” that Russian miner Alrosa mined earlier this year, will not be put up for sale and will remain in the company’s collection of rare finds. The collection already includes a skull-shaped rough diamond and a football-shaped rough diamond that were mined in recent... →
Namdeb seeks tax breaks to extend operations
By: Reuters 21st November 2019 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023. Diamond mining is the largest taxpayer in Namibia and generates 20% of... →
Solar reducing electricity costs, lowering diesel use 
By: Martin Creamer 20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... →
If stronger scope is not agreed at KP meeting, reform has ‘failed’, says council
By: Marleny Arnoldi 19th November 2019 World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market. He opened the KP plenary meeting, in India, on... →
Trans Hex to delist from JSE on Dec 3
By: Creamer Media Reporter 19th November 2019 Diamond miner Trans Hex expects the delisting of its shares on the JSE to be concluded on December 3. It proposed the delisting in July, when it announced a share buyback programme to purchase the issued share capital of shareholders at R1 apiece. →
Lucapa recovers two large diamonds at Mothae
By: Esmarie Iannucci 18th November 2019 Diamond miner Lucapa has recovered two diamonds larger than 100 ct each from its Mothae kimberlite mine, in Lesotho. The ASX-listed company on Monday said that a 22 ct diamond and a 127 ct diamond were recovered from the treatment of recovery tailings, and while neither stone was of... →
Petra dissolves COO position as part of efficiency drive
By: Marleny Arnoldi 18th November 2019 London-listed Petra Diamonds has effected some organisational changes to help facilitate the rapid execution of its Project 2022 strategy. These changes include a flatter management structure, with mines now reporting directly to CE Richard Duffy. →
Petra Diamonds CE Richard Duffy
Rio Tinto to exercise Star Diamond options
By: Mariaan Webb 15th November 2019 British Australian mining giant Rio Tinto has indicated that it intends to exercise its options under a 2017 option-and-joint-venture agreement with Saskatoon-based explorer Star Diamonds, which owns the Fort a la Corne kimberlites in central Saskatchewan. TSX-listed Star Diamonds announced on... →
Petra sells 20.08 ct blue diamond for $14.9m
By: Creamer Media Reporter 15th November 2019 London-listed Petra Diamonds has sold a 20.08 ct blue diamond, recovered at its Cullinan mine, in South Africa, in September, for $14.9-million. This represents a value of about $741 000/ct. →
Botswana Diamonds outlines near-term focus areas
By: Marleny Arnoldi 15th November 2019 Aim-listed Botswana Diamonds (BOD) on Friday shared details of its areas of focus and strategy for the near future. This includes the ramp-up of its South African Marsfontein operation, which produced its first diamonds from gravels and residual stockpiles, earlier this week. The company intends... →
Angolan diamond production, polishing capacity expanding
By: Rebecca Campbell 15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... →
Angolan diamond production, polishing capacity expanding
By: Rebecca Campbell 15th November 2019 Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the... →
Diamond jewellery sales rise in US as precious gem prices fall
By: Bloomberg 13th November 2019 Five years ago, the diamond industry’s biggest worry was being forgotten by millennials, who – the theory went – didn’t covet sparkly gems the way their parents had. The concern turned out to be mostly unfounded, but the reality is almost worse. While Americans are buying more diamond jewelry... →
Zimbabwe to enforce 'use it or lose it' policy for mining assets
By: Reuters 13th November 2019 Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, mines minister Winston Chitando said on Wednesday. Chitando said some investors had not developed gold and platinum assets that they had held dating back to... →
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