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Diamonds News
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... →
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... →
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... →
Four mining companies adopt Mining Local Procurement Reporting Mechanism
By: Donna Slater 27th January 2021 Mining Shared Value (MSV), a nonprofit initiative of Engineers Without Borders Canada, reports that four mining companies have, so far, adopted the Mining Local Procurement Reporting Mechanism (LPRM), with two more confirming their plans to do so shortly. Ivanhoe Mines became the first company... →
Lucara recovers 378 ct diamond from Karowe
By: Donna Slater 27th January 2021 Diamond miner Lucara Diamond has recovered an unbroken Type IIa 378 ct gem-quality top white diamond from milling of ore sourced from the M/PK(S) unit of the South Lobe at its 100%-owned Karowe mine, in Botswana. This recovery is the second gem-quality diamond of greater than 300 ct to be... →
First sale of the year was ‘excellent’, says Canadian diamond miner
By: Mariaan Webb 26th January 2021 Canadian diamond miner Mountain Province has seen confidence among rough diamond buyers return, spurring hope that a rebound is taking hold in an industry that has been crippled by the global pandemic. “The first sale of the year was excellent,” said CEO Stuart Brown. “The growing confidence... →
Diamcor making progress following resumption of operations
By: Simone Liedtke 25th January 2021 TSX-V-listed Diamcor Mining is making “considerable progress” in increasing processing volumes, diamond recoveries and revenues since having resumed operations. Its Krone-Endora at Venetia mine, in South Africa's Limpopo province, had been shuttered for most of 2020 amid Covid-19-related... →
Sale of two large diamonds indicative of industry recovery, says BlueRock
By: Simone Liedtke 25th January 2021 Aim-listed BlueRock Diamonds has sold a 14.8 ct diamond for $167 000. The 14.8 ct diamond was recovered on December 21, 2020, around the same time as the recovery of an 8.7 ct diamond, which was sold for $37 000. →
Diamond trade is roaring back thanks to stuck-at-home shoppers
By: Bloomberg 25th January 2021 The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” -- the Indian city of Surat -- are so desperate to boost production that the... →
Botswana Diamonds to raise £363 000 for exploration
By: Tasneem Bulbulia 22nd January 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £363 000 through the issue of 60.5-million new ordinary shares. This includes a cash subscription by certain directors. →
Guinea President retains Magassouba as Mines Minister
By: Reuters 22nd January 2021 Guinea President Alpha Conde has retained Abdoulaye Magassouba as mines minister overseeing the West African nation's bauxite, iron-ore, gold and diamond wealth, according to a decree read on state television on Thursday. Magassouba was first appointed to the position in January 2016. Under his... →
Lulo delivers for Lucapa
By: Esmarie Iannucci 22nd January 2021 Diamond miner Lucapa has reported a solid December quarter, with production from its Lulo mine, in Angola, increasing. The Lulo mine recovered 6 447 ct during the fourth quarter a 55% increase in the previous corresponding period, with grades recovered also increasing by 47%. →
Alrosa sees strong demand for diamonds in Q1 after lower sales in 2020
By: Reuters 21st January 2021 Russian State-controlled diamond producer Alrosa sees strong global demand for diamonds in the first quarter of 2021 after its sales fell by 4% to 32.1-million carats in 2020 due to the coronavirus pandemic, it said on Thursday. Alrosa, the world's largest producer of rough diamonds, which... →
November mining production down 11.6% y/y
By: Donna Slater 19th January 2021 Statistics South Africa (Stats SA) reports that South Africa’s mining production decreased by 11.6% year-on-year in November, largely owing to iron-ore output having decreased by 35.3%, contributing 3.9 percentage points. Platinum group metals (PGMs) also dragged the industry’s performance down,... →
Petra's 2021 guidance remains suspended, but diamond prices recovering
By: Donna Slater 19th January 2021 Ahead of the release of diamond miner Petra Diamonds’ interim results, the miner has reported a 16% year-on-year decrease in overall production to 1.74-million carats for the first half of its 2021 financial year, mainly as a result of the Williamson mine in Tanzania remaining on care and... →
De Beers raises diamond prices most in years
By: Bloomberg 19th January 2021 De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. The world’s biggest diamond producer raised prices by about 5% at its first sale of the year, according to people familiar with the situation who asked... →
Mark Bristow-led company to buy out embattled Rockwell Diamonds
By: Marleny Arnoldi 18th January 2021 In line with executing its winding down strategy, JSE-listed Rockwell Diamonds has entered into an acquisition and amalgamation agreement with a British Columbia-incorporated company wholly-owned by Mark Bristow, called Bristco. It is intended that the transaction will be effected by way of an... →
Barrick Gold Corporation CEO Mark Bristow
Lulo delivers another large diamond
By: Esmarie Iannucci 18th January 2021 Diamond miner Lucapa has recovered its 18th diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Monday reported that a 104 ct D-colour white stone had been recovered at Mining Block 46, the second stone of more than 100 ct to be recovered at this site since the start... →
Lucara recovers 341 ct diamond at Karowe
By: Creamer Media Reporter 15th January 2021 Diamond miner Lucara Diamond Corp has recovered an unbroken 341 ct top white gem-quality diamond from its Karowe mine, in Botswana. The diamond was recovered over the holiday period from milling of ore sourced from the south-western quadrant of the South Lobe M/PK(S) unit. →
Community wellbeing drives sustainability strategy
By: Marleny Arnoldi 15th January 2021 Diamond company De Beers’ holistic Building Forever sustainability framework is bearing fruit, with tangible results recorded for its health-related efforts over the last year. →
Elite diamond-buying club shrinks as De Beers culls old clients
By: Bloomberg 14th January 2021 De Beers has cut off some of its long-term diamond buyers, marking one of the biggest shakeups in the way the miner sells gems since the end of its monopoly 20 years ago. De Beers staff spent Wednesday calling its 80-odd handpicked customers, with some told they will be losing their seat at the... →
Gem's Letšeng to continue operating, but Lucapa suspends mining at Mothae amid Lesotho lockdown
By: Creamer Media Reporter 14th January 2021 Amid a rise in Covid-19 infections, Lesotho has announced a 14-day nationwide lockdown. This has prompted ASX-listed Lucapa Diamond Company to suspend operations at its Mothae diamond mine. London-listed Gem Diamonds, however, says its Letšeng mine will remain fully operational. →
Opsydia launches small diamond identification marker
By: Donna Slater 14th January 2021 Diamond security specialist Opsydia has honed its subsurface laser technology to create its smallest and faintest identifier to date, meaning even an internally-flawless natural diamond can have a logo, serial number or encrypted code placed beneath its surface without affecting its clarity... →
Petra Diamonds’ shareholders approve restructuring
By: Simone Liedtke 13th January 2021 London-listed Petra Diamonds’ shareholders have voted in favour of a resolution to restructure the business and provide it with a more stable, deleveraged capital structure that will ensure the short- and long-term viability of the company. At a special general meeting held on January 13, 95.13%... →
Botswana's Masisi joins list of Presidents to address Mining Indaba
By: Donna Slater 12th January 2021 Botswana President Mokgweetsi Masisi has added his name to the upcoming virtual Mining Indaba to be held from February 2 to 3. He joins other Presidents, including South Africa Cyril Ramaphosa, Sierra Leone’s Julius Maada Bio and the Democratic Republic of Congo’s Félix Tshisekedi, who have been... →
BlueRock achieves 25% y/y increase in 2020 output
By: Simone Liedtke 12th January 2021 Aim-listed diamond producer BlueRock Diamonds processed 402 000 t during its 2020 financial year, which resulted in the recovery of 15 371 ct, an increase of 25% year-on-year, despite the Kareevlei diamond mine, in South Africa, having been closed for 50 days during a strict Covid-19-related... →
Debswana terminates mining contract with Australia’s Thiess
By: Reuters 12th January 2021 Debswana Mining Company, owned by De Beers and the Botswana government, said on Tuesday it has terminated a $1.3-billion contract with a unit of Australia's Thiess to extend the lifespan of its Jwaneng diamond mine and will carry out the project in-house. Debswana, among the world’s largest... →
Diamcor completes another tranche of convertible loan financing
By: Marleny Arnoldi 12th January 2021 TSX-V-listed Diamcor Mining has closed a follow-on convertible loan financing round for aggregate gross cash proceeds of C$420 000. This followed on another convertible loan financing round that closed in December. →
Drone-mounted scanner visualises Finsch ore pass to determine serviceability
By: Donna Slater 11th January 2021 Owing to the use of drone-mounted light detection and ranging (Lidar) equipment, diamond miner Petra Diamonds’ mine engineers have been able to visualise the condition of ore passes for the first time at the Finsch underground mine, in the Northern Cape. The use of Emesent’s Hovermap Lidar... →
Lucapa sells first diamonds for 2021
By: Esmarie Iannucci 11th January 2021 Diamond miner Lucapa has raised A$7.2-million in revenue from its first diamond sales of 2021 from its Mothae mine, in Lesotho. The miner on Monday reported that a parcel of 4 676 ct of rough diamonds were sold for a total of $5.6-million, or $1 198 per carat, marking the highest average US... →
Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears
By: News24Wire 8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... →
Mining licence renewal advances Karowe underground expansion plans
By: Simone Liedtke 5th January 2021 The mining licence renewal application for Lucara Diamond Corp and Lucara Botswana’s Karowe mine, in Botswana, has been approved, and is effective from January 4 for a period of 25 years. This secures Lucara’s mining rights to 2046 and marks a critical step in the formal sanction of the Karowe... →
Lulo makes a bright start to 2021
By: Esmarie Iannucci 4th January 2021 Diamond miner Lucapa has recovered a 113 ct gem-quality diamond from its Lulo alluvial mine, in Angola. The ASX-listed miner on Monday said that this was the first diamond of more than 100 ct recovered from Mining Block 46, which is immediately downstream of the Canguige river, but was the... →
Argyle diamonds make a splash
By: Esmarie Iannucci 18th December 2020 The latest tender of 62 rare pink, red, blue and violet diamonds from major Rio Tinto’s Argyle mine, in Western Australia has delivered a record result, reflecting their extraordinary rarity and unique provenance. The 2020 collection continued its trajectory of double digit price growth and a... →
Global tender, auction houses express interest in participating in Angolan Diamond Bourse
By: Creamer Media Reporter 17th December 2020 State-owned Angolan National Diamond Trading Company (Sodiam) says it has received interest from five global tender and auction houses related to the development of these services in the soon to be established Angolan Diamond Bourse (ADB). Angola has about 14 active diamond mining sites and... →
Botswana Diamonds publishes first 3D model of Thorny River kimberlite
By: Creamer Media Reporter 17th December 2020 Diamond exploration company Botswana Diamonds has published a three-dimensional (3D) model of a newly discovered kimberlite pipe at its Thorny River project in South Africa. “This is our first three-dimensional model of the kimberlite on Thorny River and thus represents an important step in the... →
A first pass model of Thorny River kimberlite
De Beers reports steady demand for rough diamonds in tenth sales cycle
By: Creamer Media Reporter 17th December 2020 Diamond miner De Beers CEO Bruce Cleaver says positive consumer demand for diamond jewellery is supporting the continuation of retail orders for polished diamonds from the diamond industry’s midstream sector. This, in turn, also supported steady demand for De Beers rough diamonds during De Beers'... →
Gahcho Kué unearths its largest diamond yet
By: Mariaan Webb 17th December 2020 The Gahcho Kué diamond mine in Canada’s Northwest Territories has delivered its largest-ever diamond– a 157.4 ct gem of exceptional quality, offering a morale boost for operator Mountain Province in a year that has been tough for diamond miners. The recovery shows that the mine, although a... →
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