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Diamonds News

Anglo’s autonomous truck fleet at Quellaveco will not impact jobs 

By: Martin Creamer     15th October 2019 The planned introduction of an autonomous fleet at the Quellaveco copper mine in Peru will not impact jobs, Anglo American Peru CEO Tom McCulley told a visiting international media contingent on Monday. Quellevaco has a north and south pit and the automation will begin with seven trucks at the... 

Zimbabwe unveils plan for $12bn in mineral revenue by 2023 

By: Bloomberg     15th October 2019 Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government would achieve this. The policy document, known as the Strategic Road to the Achievement of $12-billion By... 

Zimbabwe unveils plan for $12bn in mineral revenue by 2023

Zimbabwe aims to more than triple diamond production by 2023

By: Reuters     14th October 2019 Zimbabwe expects to increase diamond production to 11-million carats by 2023 from 3.2-million carats last year, the Mines Minister said on Monday, part of an ambitious plan to raise mining output and earn the country $12-billion a year. The mineral-rich southern African nation sees the mining... 

Forum 4 Service Delivery Youth calls for nationalisation of mines

By: African News Agency      14th October 2019 The nationalisation of mines will lead to industrialisation, growth of the economy and jobs, Forum 4 Service Delivery Youth said on Monday. "The industrial strategy adopted by government will never succeed unless we have State control and ownership of the natural resources," said Kgothatso... 

Vast Resources to sign diamonds JV deal in Zimbabwe – Minister

By: Reuters     11th October 2019 London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company official said on Friday. President Emmerson Mnangagwa's government is stepping up efforts to exploit... 

New drives rolling out throughout S Africa

By: Halima Frost     11th October 2019 Subsequent to the launch of the new VDrivePlus and AlphaDrive-Micro variable speed drives (VSDs) from Hudaco Group company Varispeed, bearings and accessories distributor Bearings International (BI) has embarked on a training and sample-distribution campaign at its 50 BI branches in South Africa.... 

New drives rolling out throughout S Africa
ALPHA AND OMEGA The AlphaDrive Micro and VDrivePlus by Varispeed have been launched in South Africa by BMG

Venetia Underground on track to start production in 2021

By: Nadine James     11th October 2019 The $2-billion Venetia Diamond Mine Underground project remains on track and within budget to achieve first production in 2021. At steady-state production, 5.9-million tonnes of ore will be treated in the existing process plant to produce some 4.5-million carats a year.  Anglo American subsidiary... 

Venetia Underground on track to start production in 2021

Lower PGMs output drags overall mining production down in August 

By: Creamer Media Reporter      10th October 2019 South Africa's mining production decreased by 3.2% year-on-year in August. "Due to its large weight in the mineral group basket of about 24%, the 12.5% year-on-year decline in the platinum group metals (PGM) output subtracted three percentage points from the overall sector’s production decline. 

New deputy CEO appointed for Alrosa

By: Creamer Media Reporter      10th October 2019 Russian diamond miner Alrosa has appointed Evgeny Aguree its deputy CEO to improve the supply chain of the company and look for new approaches to stimulate rough diamond sales. The 41-year old has been a director of the United Selling Organisation of Alrosa (USO) since 2017 and will continue to... 

Lucapa bags a further A$15.5m in revenue

By: Esmarie Iannucci     10th October 2019 Diamond miner Lucapa has generated a further A$15.5-million in revenue from diamond sales, bringing the combined 2019 sales figure to date to A$65.7-million from its Lulo and Mothae mines, in Angola and Lesotho respectively. The ASX-listed miner noted that 5 469 ct of Lulo diamonds were sold at... 

Lucapa sets production records

By: Esmarie Iannucci     9th October 2019 Diamond miner Lucapa has set production records in the three months to September, with the ASX-listed company recovering 14 610 ct during the period under review. Production at the Lulo alluvial mine, in Angola, reached 7 603 ct during the quarter, a 67% increase on the previous corresponding... 

Rio Tinto completes 'ambitious' sampling programme at Star kimberlite using new technology

By: Creamer Media Reporter      9th October 2019 Diversified major Rio Tinto has completed the drilling of ten bulk trenches to conclude its sampling programme on Canadian junior Star Diamond’s Star kimberlite, using a new technology. The trench cutter sampling rig that Rio Tinto Exploration Canada (RTEC) used at Star, which is located in the... 

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Biodiversity, climate everyone’s issues – Environment Minister
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

WDC focuses on strengthening scope of Kimberley Process during AGM

By: Tasneem Bulbulia     8th October 2019 Members of the World Diamond Council (WDC) assembled in Antwerp, Belgium, on October 2 and 3, for the organisation’s annual general meeting (AGM), where proceedings were dominated by discussions about the pending conclusion of the Kimberley Process’ review and reform process, and the related call... 

Ex-head of Alrosa's flooded Russian mine found dead in custody

By: Reuters     8th October 2019 The former head of a Siberian diamond mine owned by Alrosa where eight men were killed in a flood two years ago was found dead in a pre-trial detention centre on Tuesday, a day after he was arrested, Russian investigating authorities said. A regional branch of the federal Investigative Committee... 

Karelian Diamonds raises capital

By: Creamer Media Reporter      7th October 2019 Finland-focused explorer Karelian Diamonds has raised £50 000 through a subscription of 1 428 571 new ordinary shares of €0.00025 each, at a price of 3.5p each. The net proceeds of the subscription will be applied for general working capital purposes. 

Unusual discovery: Alrosa finds 'diamond within a diamond'

By: Creamer Media Reporter      7th October 2019 Russian miner Alrosa has discovered what believes to be a first in the history of global diamond mining: a diamond with another diamond moving freely inside it. The unusual stone, which resembles a traditional Russian Matryoshka doll, was mined in Yakutia, Russia. 

Unusual discovery: Alrosa finds 'diamond within a diamond'

Petra puts 20.08 ct blue diamond up for tender

By: Tasneem Bulbulia     7th October 2019 LSE-listed Petra Diamonds will hold a special tender for the sale of a 20.08 ct blue diamond recovered from the Cullinan mine, in South Africa, in September. Viewings, which can be reserved via appointment, will take place from November 1 to 7 at Petra's diamond marketing offices in Johannesburg. 

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Investment in climate-positive companies growing – Joburg Indaba
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Power supply issues disrupt production at Liqhobong

By: Creamer Media Reporter      4th October 2019 Aim-listed Firestone Diamonds' share price on the LSE fell by nearly 28% on Friday after it announced that power supply issues had disrupted production at its 75%-owned Liqhobong diamond mine, in Lesotho. The mine receives its electricity from the Muela hydropower station (MHS), which is owned by... 

Newfield making progress in developing Sierra Leone diamond mine

By: Creamer Media Reporter      4th October 2019 ASX-listed Newfield Resources has completed the blasting of the boxcut for the portal access to the underground declines at its Tongo diamond mine, in Sierra Leone. "Work is now focussed on providing the necessary support of the boxcut and shaping of the haul road to attain the right angle of... 

Lesotho renews Gem Diamonds' Letšeng mining lease

By: Creamer Media Reporter      4th October 2019 The government of Lesotho has renewed the mining lease for LSE-listed Gem Diamonds' Letšeng mine. This followed a statutory negotiation process between Gem and the Lesotho Mining board. 

Concerns raised about modern slavery in supply chains

By: Kim Cloete     4th October 2019 Lawyers and activists have warned about the rising modern global slave trade, saying that up to 25 million modern slavery victims are exploited in global supply chains. They are enslaved across the spectrum, from farming, domestic work and construction to clothing factories, mines, the beauty... 

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Environment government’s most important Ministry – Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

Tailings presents opportunity for wet processing experts

By: Tracy Hancock     4th October 2019 Wet-processing equipment company CDE South Africa is targeting iron-ore and gold mining operations with low-grade ore and tailings dumps, as it believes this is where potential for growth lies in South Africa. “In the iron-ore space we have had a lot of success in beneficiating low-grade waste... 

Tailings presents opportunity  for wet processing experts
PATENTED TECHNOLOGY CDE Business Development Manager for sub-Saharan Africa Wayne Warren dwarfed by an AggMax logwasher plant incorporating an Infinity screen at a diamond mine site in in the region

De Beers maintains sales flexibility as latest cycle earns it $295m

By: Creamer Media Reporter      3rd October 2019 Diamond miner De Beers sold $295-million worth of diamonds during the eighth sales cycle of the year. This was higher than the $287-million worth of diamonds sold during the seventh sales cycle of this year, but well below the $482-million of diamonds sold in the eighth sales cycle of 2018. 

De Beers maintains sales flexibility as latest cycle earns it $295m
De Beers CEO Bruce Cleaver

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

New technologies can make mining safer, sunrise industry – Mgojo
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Modern, sustainable mining can build thriving communities – Anglo  

By: Martin Creamer     2nd October 2019 Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba. Cutifani said... 

Modern, sustainable mining can build thriving communities – Anglo
Anglo American CEO Mark Cutifani’s Joburg Indaba address covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Cutifani inducted into South African Mining Hall of Fame

By: Marleny Arnoldi     2nd October 2019 Global diversified miner Anglo American CE Mark Cutifani has been inducted into the South African Mining Hall of Fame for his contribution to the industry over the last 12 years. Anglo American South Africa has about 50 000 employees, working at own- and subsidiary operations in the diamond,... 

Cutifani inducted into South African Mining Hall of Fame
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Zimbabwe rejects US claim that diamond mine uses forced labour

By: Bloomberg     2nd October 2019 Zimbabwe accused the US of ignorance after the US Customs and Border Protection announced it’s blocking rough diamond imports from the Marange fields because they were produced with forced labor. “It’s unfortunate that the US authorities have been misinformed or misled to believe that Zimbabwe is... 

Increased transparency in diamond transactions needed, says WFDB

By: Simone Liedtke     30th September 2019 The World Federation of Diamond Bourses (WFDB) presidents’ meeting, after a special session on blockchain technology and supply source traceability, has decided to take steps to  further improve transparency in diamond transactions. The decision came after a debate on the conclusions of a panel... 

De Beers Group Auctions appoints new product development, sales head

By: Simone Liedtke     30th September 2019 De Beers Group Auctions has appointed Alastair Bickerstaff as its product development and sales head. The new role is an amalgamation of two instrumental elements of the business, namely product development and sales. 

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

Proudly South African anti-cable theft technology already deployed on 12 sites
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

De Beers keeps special terms in place for another diamond sale

By: Bloomberg     27th September 2019 De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American unit extended the policy from its August sale to customers... 

De Beers, UN Women celebrate the success of their partnership

By: Tasneem Bulbulia     27th September 2019 On the second anniversary of becoming a HeForShe Thematic Champion and partnering with UN Women, De Beers Group on Thursday announced that more than 700 women micro-entrepreneurs in Namibia and South Africa have successfully completed their training. The Accelerating Women Owned Micro-Enterprises... 

Angola mulls major change in diamond marketing as minerals roadshow rolls on

By: Rebecca Campbell     27th September 2019 Angola is considering the creation of a diamond exchange. This was stated by the country’s Minerals Resources and Petroleum Minister, Diamantino Azevedo, during the recent inauguration of a diamond polishing facility (Angola’s third) in Luanda. (Diamantino means diamantine.)  

Rio Tinto sees rosy future for diamonds despite end of Argyle

By: Reuters     26th September 2019 Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said. Demand and prices for the wider market have fallen as... 

Lucara recovers gem-quality blue, pink diamonds at Karowe

By: Creamer Media Reporter      26th September 2019 Vancouver-headquartered Lucara Diamond Corp has recovered a 9.74 ct gem-quality blue diamond and a 4.13 ct gem-quality pink diamond at its Karowe mine, in Botswana. The diamonds were recovered from direct milling of South Lobe ore. 

Lucara recovers gem-quality blue, pink diamonds at Karowe
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