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Diamonds

An image of Petra Diamonds' Cullinan mine
Demand at Petra’s first 2024 financial year tender muted, but expected to pick up
25th August 2023 By: Tasneem Bulbulia

London-listed Petra Diamonds sold 696 194 ct of diamonds, recovered from its South African operations, for $79.3-million in the first tender of the company’s 2024 financial year. No exceptional... 


Image of an electric bulldozer at the charging dock
Emissions predicted to increase with EV boom
25th August 2023 By: Bridget Lepere

As electric vehicles (EVs) gain traction, the strain on electricity supply, especially national power grids, will be more, with an increase in the carbon dioxide (CO2) emissions associated with... 


Lucara extends working capital facility
24th August 2023 By: Creamer Media Reporter

Vancouver-headquartered Lucara Diamond has secured a short-term extension of the maturity of its $50-million senior secured working capital facility (WCF). The company says it will defer the... 


The Letšeng mine
Gem maintains full-year diamond recovery guidance, despite lower treated tons
22nd August 2023 By: Creamer Media Reporter

London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, says it will maintain its full-year guidance on carat recoveries and sales, despite lowering its guidance for... 


A 692.3 ct diamond recovered at Karowe
Lucara recovers 692 ct diamond at Karowe
21st August 2023 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has recovered a 692.3 ct white gem-quality diamond at its Karowe mine, in Botswana. The diamond is the fourth diamond weighing more than 300 ct to be... 


Diamond mining firms assisting employees evacuating from Yellowknife
Diamond mining firms assisting employees evacuating from Yellowknife
18th August 2023 By: Creamer Media Reporter

While diamond mining operations in Canada’s Northwest Territories are unaffected by the wildfires scorching the region, De Beers and Burgundy Diamond Mines say they are assisting their employees... 


Rio commits funding to Canadian wildfire response
18th August 2023 By: Esmarie Iannucci

Mining major Rio Tinto has donated C$250 000 to the United Way Northwest Territories (UWNWT) to support with wildfire response efforts in Canada’s Northwest Territories. Canada is facing one of... 


Ekati safe from Canadian fires - Burgundy
18th August 2023 By: Esmarie Iannucci

Diamond miner Burgundy Diamond Mines on Friday said that its Ekati diamond mine, in Canada’s Northwest Territories, remained unaffected by wildfires. Canada is facing one of its worst-ever fire... 


The Karowe underground expansion project
Lucara to reappoint Lamb as CEO
15th August 2023 By: Marleny Arnoldi

Canadian-headquartered Lucara Diamond Corporation has announced plans to reappoint William Lamb president and CEO of the company, as well as director, succeeding Eira Thomas. Lamb brings to the... 


A De Beers sign on a building
Former Anglo, De Beers chair Julian Ogilvie Thompson dies in Joburg
15th August 2023 By: News24Wire

Julian Ogilvie Thompson, former chairperson of De Beers and Anglo American, has died at age 89 in Johannesburg. This followed a period of declining health, according to a family death announcement... 


Alrosa says H1 net profit down 35%
14th August 2023 By: Reuters

Russian diamond producer Alrosa on Monday reported a first-half net profit of 55.6-billion roubles ($551-million), down 35% from 85.3-billion a year earlier. The company said its revenue in the... 


Image shows the Diavik operation
Rio to build Canada's largest solar farm
11th August 2023 By: Esmarie Iannucci

Mining major Rio Tinto has announced plans to build Canada’s largest solar plant at its Diavik diamond mine. The solar plant will feature over 6 600 solar panels that will generate approximately 4... 


Lucara's latest 1 080 Type IIa diamond recovered at Karowe mine
Lucara posts higher output, recovers fourth diamond weighing more than 1 000 ct at Karowe
10th August 2023 By: Marleny Arnoldi

TSX-listed Lucara Diamond Corp has recovered a 1 080 ct Type IIa diamond at its Karowe mine, in Botswana – the fourth diamond weighing more than 1 000 ct to be recovered at the mine since 2015.... 


Grizzly Mining chairperson Abdoulaye Ndiaye
Grizzly’s emerald auction generates record sales
10th August 2023 By: Cameron Mackay

Emerald producer Grizzly Mining says the company’s latest emerald auction, which was held in Dubai earlier in August, generated record sales of $48.63-million. The auction saw the company offer its... 


The addition of the second plant will triple MRM’s processing capacity from the existing 200 t/h to 600 tonnes p/h
Gemfields to triple processing capacity at Moz ruby mine
7th August 2023 By: Cameron Mackay

Gemstone miner Gemfields’ 75%-owned Montepuez Ruby Mining (MRM) subsdiary has entered into a legally binding contract with specialist engineering group Consulmet to build an additional processing... 


De Beers diamond sorting
Botswana plans extra diamond sales route after De Beers deal
4th August 2023 By: Reuters

Botswana's state diamond company is planning to diversify how it sells precious stones to the market as it gears up to receive far more supply under a multi-year deal the country struck with... 


An image showing the Marsfontein project
Botswana Diamonds’ Marsfontein project bodes well for Thorny River development
3rd August 2023 By: Tasneem Bulbulia

Diamond exploration and development company Botswana Diamonds says mining on the Marsfontein project, in Limpopo, South Africa, is a proof of concept that is working well. Marsfontein is designed... 


rough diamonds
Diamcor reports narrowed losses
1st August 2023 By: Darren Parker

Junior mining and exploration company Diamcor has narrowed its net loss for the financial year ended March 31, to $762 308, compared with a loss of about $2.4-million for the 2022 financial year.... 


De Beers Group CFO Sarah Kuijlaars.
Strong half-year De Beers production in tough macro environment
28th July 2023 By: Martin Creamer

The De Beers Group faced off tricky macro-economic conditions to record first-half earnings before interest, taxes, depreciation and amortisation (Ebitda) of $0.3-billion, with the diamond... 


Two men standing waist deep in murky brown water panning for gold in the South Sudan mining sector
Seeking partnerships in South Sudan
28th July 2023

South African State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) is actively searching for partnerships with South Sudanese mining companies, according to an... 


New research could spark future diamond discoveries
26th July 2023 By: Tasneem Bulbulia

An international team of scientists led by the University of Southampton has discovered that the breakup of tectonic plates is the main driving force behind the generation and eruption of... 


Anglo American Platinum CEO Natascha Viljoen.
Challenge of producing green hydrogen economically has been met – Natascha Viljoen
26th July 2023 By: Martin Creamer

The challenge of producing green hydrogen economically is now done and dusted. “That box has been ticked,” Anglo American Platinum CEO Natascha Viljoen assured Mining Weekly in a Zoom interview.... 


rough diamonds
De Beers' sixth cycle rough diamond sales show $228m y/y drop-off
26th July 2023 By: Darren Parker

The value of rough diamond sales from global sightholder sales and auctions for diamond miner De Beers’ sixth sales cycle of this year reached a provisional figure of $410-million, down $46-million... 


Venetia mine's underground project
De Beers delivers first production from Venetia underground
25th July 2023 By: Marleny Arnoldi

Diversified miner Anglo American’s diamond mining subsidiary De Beers Group has delivered first production from the underground operations at the Venetia mine, in Limpopo, which it built at a cost... 


Anglo’s second-quarter production up 11%
20th July 2023 By: Martin Creamer

Diversified mining company Anglo American lifted second-quarter production by 11% compared with the second quarter in 2022, reflecting the ramp-up of its new Quellaveco copper mine in Peru, which... 


The Venetia underground mine
De Beers maintains full-year guidance, despite lower second-quarter output
20th July 2023 By: Creamer Media Reporter

Global miner De Beers' rough diamond production decreased by 5% year-on-year to 7.6-million carats in the second quarter as a result of the planned reduction in South Africa while the Venetia... 


Lucapa reports strong second-quarter performance
19th July 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company has reported a strong second-quarter performance, with a record volume of material mined and treated at its Lulo mine, in Angola and its Mothae mine, in Lesotho.... 


Diamcor adds large excavator to its equipment fleet at Krone-Endora
18th July 2023 By: Creamer Media Reporter

TSX-V-listed Diamcor Mining, which owns and operates the Krone-Endora at Venetia diamond mine, in South Africa's Limpopo province, has acquired additional heavy equipment for use at the mine. The... 


Cullinan mine
Petra remains confident of one-million-carat increase in production in 2025
18th July 2023 By: Darren Parker

With an operational turnaround under way at diamond miner Petra Diamond’s Finsch mine, in South Africa; the restart of its Williamson mine, in Tanzania, running ahead of schedule; and the company’s... 


Market for smaller diamonds resilient, says Canadian miner
Market for smaller diamonds resilient, says Canadian miner
18th July 2023 By: Mariaan Webb

Canadian diamond miner Mountain Province continues to hold a positive demand outlook for smaller goods, despite the softening of the broader rough diamond market in the second quarter of the year.... 


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