R/€ = 17.34 Change: -0.03
R/$ = 14.83 Change: -0.02
Au 1767.88 $/oz Change: -9.97
Pt 1002.61 $/oz Change: 31.05

Diamonds News

De Beers raises diamond prices for first time since pandemic

By: Bloomberg     16th December 2020 De Beers raised diamond prices for the first time since the outbreak of global pandemic, signaling growing confidence in a rebound for the struggling industry. Prices increased by about 2% to 3% at the diamond giant’s final sale of the year last week, according to people familiar with the... 

De Beers extends 10-yr Botswana sales deal on coronavirus delays

By: Reuters     15th December 2020 Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw... 

Anglo forecasts higher output, lower costs for 2021 

By: Creamer Media Reporter      11th December 2020 Diversified miner Anglo American expects its production for 2021 to increase by 14% year-on-year and its unit costs to decrease by 3% year-on-year. In an investor update published on December 11, the miner said it had maintain a strong performance this year, despite Covid-19-related and other... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Exploration Geological Consultancy MD Regina Molloy
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Anglo American appoints new nonexec director

By: Simone Liedtke     10th December 2020 Hilary Maxson will join the Anglo American board as a nonexecutive director and member of the audit committee with effect from June 1, 2021. “[Maxson] brings a combination of experience that aligns well with our business, spanning finance, the capital markets, energy and technology, gained across... 

Lucapa makes another stellar recovery

By: Esmarie Iannucci     10th December 2020 Diamond miner Lucapa has recovered a 101 ct white diamond from its Mothae kimberlite mine in Leshoto. The diamond was measured as D in colour, type IIa, and is the fourth diamond larger than 100 ct recovered from the southern lobe of the Mothae kimberlite pipe. 

Mining benchmarks consolidated in ICMM report to help address responsible production, sustainability

By: Donna Slater     8th December 2020 The International Council on Mining and Metals (ICMM) has published a series of equivalency benchmarks to assist in addressing stakeholder concerns around responsible production, and the recent proliferation of sustainability standards. The benchmarks compare the requirements of ICMM’s mining... 

Dominion Diamond reaches deal to sell Ekati mine in Canada

By: Reuters     8th December 2020 Dominion Diamond Mines said on Monday it reached a deal to sell its Ekati mine in Canada's Northwest Territories to holders of its second lien notes, eight months after seeking bankruptcy protection amid a worldwide upheaval in the diamond industry. Closely held Dominion, owned by the Washington... 

The Ekati mine, in Canada's Northwest Territories
The Ekati mine, in Canada's Northwest Territories

127ct diamond recovered at Lulo

By: Esmarie Iannucci     7th December 2020 Diamond miner Lucapa has recovered a 127 ct gem-quality white diamond from its Lulo alluvial mine, in Angola. The diamond marked the sixteenth stone of more than 100 ct to be recovered from Lulo to date, and the third diamond of that size recovered in 2020. 

Gemfair shifts focus to support small-scale miners during Covid-19

By: Donna Slater     4th December 2020 Diamond miner De Beers’ artisanal and small-scale miner (ASM) global market promotion platform Gemfair responded to the Covid-19 pandemic by mobilsing its Kono, Sierra Leone-based team to develop and roll out an extensive response plan to the pandemic. The response was focused on providing food... 

BlueRock recovers 12.6 ct diamond from Kareevlei

By: Tasneem Bulbulia     4th December 2020 Aim-listed BlueRock Diamonds has recovered a 12.6 ct diamond from its Kareevlei diamond mine in the Kimberley region of South Africa. Executive chairperson Mike Houston said on Friday that the discovery was “exceptional”. 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

De Beers' Venetia open-pit diamond mine
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Kimberlite blow discovered at Botswana Diamonds’ Thorny River prospect

By: Donna Slater     2nd December 2020 A recent drilling programme, targeting an area of 0.4 ha, at Botswana Diamonds’ Thorny River project in Limpopo, in South Africa, has led to the discovery a new kimberlite blow (a small volcanic pipe). 
Botswana Diamonds chairperson John Teeling says the discovery is “very significant” as the... 

De Beers announces entry dates for 2020/21 jewellery design competition

By: Donna Slater     2nd December 2020 Diamond miner De Beers Group on December 1 announced the entry dates for its De Beers Group Designers Initiative (DBGDI)-Shining Light Awards 2020/21 jewellery design competition, which is aimed at helping young jewellery designers grow. DBGDI is a youth beneficiation skills development... 

Diamcor Mining remains focused, despite Covid-19 impacts

By: Simone Liedtke     1st December 2020 With the onset of the global Covid-19 pandemic, Diamcor Mining remained focused on reducing costs, operational planning for the resumption of operations and continued strengthening of the core operational management team during the six months to September 30. Despite the effects of the pandemic,... 

Lack of publicly available cadastre impeding future mining potential – Miller 

By: Donna Slater     1st December 2020 The South African junior mining, and particularly prospecting, sector will continue its rapid degradation if the Department of Mineral Resources and Energy (DMRE) continues to refuse to publicly release information pertaining to national mining and prospecting rights, says mining supply sales... 

AmaranthCX director Paul Miller
Photo by Creamer Media
AmaranthCX director Paul Miller

De Beers sets goal to become carbon-neutral by 2030 

By: Donna Slater     1st December 2020 Diamond miner De Beers on November 30 launched its 12 Building Forever goals, which focus on ethical practices across the diamond industry, partnering to boost communities, putting in place structures to protect the natural world and accelerating equal opportunity. The 12 “ambitious”... 

De Beers Group CEO Bruce Cleaver
De Beers Group CEO Bruce Cleaver

More diamonds sold from Lulo

By: Esmarie Iannucci     1st December 2020 Diamond miner Lucapa has generated a further A$9-million in revenue from the sale of diamonds from its Lulo mine, in Angola. The ASX-listed company on Tuesday revealed that 4 269 ct of Lulo diamonds have been sold at average prices of A$2 100/ct, with sales in the year-to-date reaching... 

Botswana Diamonds completes acquisition of Sekaka

By: Tasneem Bulbulia     30th November 2020 Dual-listed Botswana Diamonds' (BOD’s) acquisition of Sekaka Diamonds has been completed. Sekaka was Petra’s exploration vehicle in Botswana and holds three prospecting licences in the Central Kalahari Game Reserve in Botswana − PL169/2019, PL058/2007 and PL224/2007, which includes the high-grade... 

Petra's Letlapa Tala Collection sells for $40.36m

By: Creamer Media Reporter      25th November 2020 Following a competitive tender process, Petra Diamonds has sold the Letlapa Tala collection of five blue diamonds, weighing 85.6 ct in total, to a partnership between De Beers and Diacore for $40.36-million. “The result of this special tender affirms the very high value placed on blue diamonds,... 

Petra's Letlapa Tala Collection sells for $40.36m

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

John Bewsey
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

De Beers Namibian diamond venture gets tax break to extend operations 

By: Reuters     20th November 2020 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, has been granted a holiday on royalty payments, the country's mining ministry said on Friday in bid to save jobs in the shrinking sector. Diamonds have been mined in Namibia since 1908, but... 

De Beers Namibian diamond venture gets tax break to extend operations

Botswana Diamonds undertakes drilling on Thorny River, Marsfontein

By: Tasneem Bulbulia     18th November 2020 Dual-listed Botswana Diamonds has started drilling at its Thorny River and Marsfontein project areas in South Africa. The multihole drilling programme has begun on four target areas identified as being of high interest in a recent detailed ground geophysics survey. 

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

De Beers says US, China diamond jewellery demand stable

By: Creamer Media Reporter      18th November 2020 Diamond miner De Beers sold $450-million of rough diamonds through sightholder sales and auctions in the ninth sales cycle of this year. This is an improvement on the $400-million of diamonds sold during the ninth sales cycle of 2019, but slightly lower than the $467-million of diamonds sold... 

Petra narrows full-year loss, but curtailed demand cuts earnings by nearly 60% 

By: Marleny Arnoldi     17th November 2020 London-listed Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year. The loss included a non-cash impairment charge of $91.9-million, whereas the loss for 2019 had... 

Petra Diamonds CE Richard Duffy
Photo by Creamer Media
Petra Diamonds CE Richard Duffy

Dominion recalls 60 workers to prepare for Ekati restart

By: Mariaan Webb     16th November 2020 The Ekati diamond mine, in Northwest Territories, is being prepared for a restart, with 60 furloughed employees to be recalled with effect from early December. Owner Dominion Diamond says it is recalling employees in anticipation of an agreement to restructure its debt and to fund the company.... 

Dominion recalls 60 workers to prepare for Ekati restart

Botswana Diamonds gets go-ahead to finalise Sekaka Diamonds buyout

By: Tasneem Bulbulia     16th November 2020 Dual-listed Botswana Diamonds has announced that all conditions precedent for the acquisition of Sekaka Diamonds have been satisfied. The transaction, first announced in July, has been approved by Petra’s lenders and noteholders, as well as by the Botswana Minister of Mineral Resources, Green... 

Petra acknowledges Raid human rights abuse claims report, takes interim remedial action  

By: Marleny Arnoldi     13th November 2020 London-listed Petra Diamonds has acknowledged a report published by UK-based corporate watchdog Raid that identifies a number of alleged human rights abuses relating to security operations at the Williamson mine, in Tanzania. Petra has committed to investigate these claims and plans to appoint a... 

Petra acknowledges Raid human rights abuse claims report, takes interim remedial action

Williamson to remain on care and maintenance

13th November 2020 Diamond miner Petra Diamond’s Tanzania-based Williamson mine has been on care and maintenance since mid-April, with only essential services being carried out in order to protect the mine’s assets and resources. The original decision was announced in the Market Update on April 9, 2020, when the... 

Mining output down 2.8% y/y in September

By: Creamer Media Reporter      12th November 2020 South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution. Seasonally adjusted mining production decreased by 0.3%  month-on-month in September. 

Lucara says diamond market stabilising; recovers 998 ct diamond from Karowe

By: Marleny Arnoldi     11th November 2020 Toronto- and London-listed Lucara Diamond Corporation, which has reported a strong third-quarter performance, has recovered a 998 ct high white clivage diamond from its wholly-owned Karowe diamond mine, in Botswana. The diamond was recovered after primary crushing of ore that was sourced from a... 

Lucara recovers 998 ct high white clivage diamond
Lucara recovers 998 ct high white clivage diamond

De Beers partners with Redpath to boost underground mechanised mining skills at Venetia

By: Tasneem Bulbulia     10th November 2020 Diamond miner De Beers Group has entered into a mining service agreement with Redpath Australia and Redpath Mining South Africa, following a rigorous selection process with internationally recognised underground contract mining companies. De Beers says the awarding of the contract to Redpath is... 

Botswana Diamonds identifies focus areas at Marsfontein, Thorny River

By: Donna Slater     9th November 2020 Aim- and BSE-listed diamond explorer Botswana Diamonds' exploration programme has identified several kimberlite targets at its Marsfontien and Thorny River projects in South Africa. To build on the exploration programme, the company plans to start drilling, through a multihole programme, at the... 

Debswana to close diamond mine on weak demand - union leader

By: Reuters     6th November 2020 Debswana Mining Company, equally owned by De Beers and the Botswana government, will close a diamond mine in the country as weak demand and trading disruption from the pandemic make the mining of lower value diamonds unviable, a union leader told Reuters on Friday. Debswana, among the world's... 

Lucapa approves Mothae expansion

By: Esmarie Iannucci     6th November 2020 Diamond miner Lucapa Diamonds will undertake a A$10-million capital raise to fund an expansion of the company’s Mothae kimberlite mine, in Lesotho. Lucapa MD and CEO Stephen Wetherall on Friday told delegates at the Africa Downunder Conference, in Perth, that the expansion plan for Mothae would... 

Lucapa MD and CEO Stephen Wetherall
Lucapa MD and CEO Stephen Wetherall

Lucara, Louis Vuitton, HB Antwerk ink collaboration agreement for ‘Sethunya’ diamond

By: Simone Liedtke     5th November 2020 Canadian diamond miner Lucara Diamonds, luxury goods house Louis Vuitton and European diamond manufacturing and technology company HB Antwerp, have entered into an agreement to collaborate on the planning, cutting and polishing of a 549 ct white gem diamond. The white gem diamond, referred to as... 

Mountain Province enters final quarter with ‘cautious level of confidence’

By: Mariaan Webb     5th November 2020 The rough diamond market is starting to show some positive momentum, with prices having recovered close to pre-Covid levels from the lows seen during the peak of the pandemic, Canadian miner Mountain Province CEO Stuart Brown said on Wednesday. Although demand for rough diamonds was not yet back... 

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