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Diamonds News

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... 

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

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

First glimpse into Mining Indaba 2020 programme
Investing in African Mining Indaba.

Alrosa board approves Kristall acquisition

By: Creamer Media Reporter      25th September 2019 The supervisory board of Russian diamond miner Alrosa has approved the acquisition of diamond polisher Kristall from the Russian Federation. Kristall, which processes more than 200 000 ct/y from feedstock supplied by Alrosa, is valued at 1.89-billion ruble. 

Botswana Diamonds appoints EDC to mine, process Marsfontein gravels

By: Tasneem Bulbulia     25th September 2019 Botswana Diamonds, together with its associate Vutomi, has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm, in Limpopo. Botswana Diamonds... 

Petra recovers 20 ct blue diamond at Cullinan

By: Creamer Media Reporter      23rd September 2019 London-listed Petra Diamonds has recovered a 20.08 ct blue gem-quality Type IIb diamond from the Cullinan mine, in South Africa's Gauteng province. "Today's recovery not only demonstrates the quality of Petra's asset base, as the Cullinan diamond mine remains a significant source of rare blue... 

Petra recovers 20 ct blue diamond at Cullinan
The 20.08 ct diamond

BlueRock sells another high value diamond

By: Simone Liedtke     20th September 2019 Aim-listed BlueRock Diamonds has sold a 10.6 ct diamond for $103 000. This is the sixth diamond sold for more than $50 000 this year. Together, the six diamonds have generated revenues of $600 000. 

Namdeb sells mothballed diamond mine

By: Rebecca Campbell     20th September 2019 Namibian diamond mining company Namdeb, a 50:50 joint venture between the De Beers Group (itself a subsidiary of Anglo American plc) and the Namibian Government, has sold its Elizabeth Bay mine (and associated marine assets) to the Lewcor Group. The basic deal is worth N$120-million.  

Public Enterprises Committee expresses concern over Alexkor

By: Tasneem Bulbulia     19th September 2019 The Portfolio Committee on Public Enterprises says State-owned diamond miner Alexkor is in trouble. The committee was on Wednesday briefed by the Department of Public Enterprises (DPE) and Alexkor on progress made in addressing the miner’s governance challenges and financial performance. 

Stornoway delisting set for October 18

By: Creamer Media Reporter      19th September 2019 Embattled diamond miner Stornoway Diamond Corp has been informed that it will be delisted from the TSX at the close of market on October 18. The company, which operates the Renard mine, in Quebec, was granted credit protection earlier this month to restructure its business and financial affairs. 

Lucara recovers 123 ct diamond

By: Creamer Media Reporter      18th September 2019 Canada-based miner Lucara Diamond Corp has recovered a 123 ct gem-quality top white Type II diamond at its Karowe mine, in Botswana. The diamond was recovered from direct milling ore sourced from the eastern magmatic/pyroclastic kimberlite (EM/PK(S)) unit of the South Lobe.  

Lucara recovers 123 ct diamond

Alrosa mulls acquisition of diamond factory

By: Creamer Media Reporter      17th September 2019 Russian diamond miner Alrosa is considering the acquisition of Russia's largest producer and exporter of polished diamonds, Kristall, which is valued at 1.89-billion ruble. Kristall processes more than 200 000 ct/y of rough diamonds, with 90% of diamond feedstock supplied by Alrosa. 

Petra records solid full-year performance despite weak market  

By: Tasneem Bulbulia     16th September 2019 Aim-listed Petra Diamonds achieved a solid operational performance for the financial year ended June 30, generating operating free cash flow of $70.5-million, despite a weaker market, and during the company’s transition from its expansionary capital expenditure (capex) phase towards steady-state... 

De Beers Namibia diamond venture sells mine to local consortium

By: Reuters     13th September 2019 Namdeb Holdings, a joint venture between the Namibian Government and Anglo American's diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully... 

Angola adds New York to roadshow itinerary, opens new diamond polisher

By: Rebecca Campbell     13th September 2019 The Angolan Ministry of Mineral Resources and Petroleum has announced that the public bidding process for five minerals concessions, being offered to local and international investors, will be opened on October 7. Previously, it had been expected that the bidding period would run from September... 

South African mining output rises for first time in nine months 

By: Bloomberg     12th September 2019 South African mining output increased for the first time in nine months in July as coal and iron-ore production surged. Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa said in a report on its website Thursday.... 

Environmental authorisation granted for Botswana Diamonds’ Marsfontein mine

By: Tasneem Bulbulia     12th September 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has been granted an environmental authorisation over a substantial portion of the residual diamond-bearing gravels produced from the high-grade Marsfontein mine, which is contiguous to the Thorny River operation, in South Africa’s Limpopo province.... 

Zimbabwe holds diamond auction for 316 000 ct

By: Bloomberg     11th September 2019 Zimbabwe’s State-owned Minerals Marketing Corporation opened a 316 000 ct diamond auction, which will close at the end of the week, an official said. “This is the third auction we have conducted this year as there were some administrative issues which were taking place within the organization,"... 

Pangolin Diamonds raises $848 860 for exploration

By: Tasneem Bulbulia     10th September 2019 Pangolin Diamonds on Monday closed a nonbrokered private placement financing for aggregated gross proceeds of $848 860. The proceeds will be used to continue exploration at the company’s wholly owned exploration projects in Botswana, including the Phase 1 drilling programme at MSC, the company’s... 

Alrosa reports $181.8m in August sales

By: Reuters     10th September 2019 Russian diamond producer Alrosa said its rough and polished diamond sales stood at $181.8-million in August, its second lowest monthly sales figure this year. "The diamond market is still experiencing headwinds from both macroeconomic and industry specific factors, which have an adverse impact... 

Osisko to buy embattled miner Stornoway

By: Mariaan Webb     10th September 2019 Mining royalty and streaming company Osisko Gold Royalties has entered into a letter of intent (LoI) to form an entity to acquire embattled diamond miner Stornoway Diamonds, which was granted creditor protection by a Quebec court on Monday. Osisko and secured creditors would acquire “all, or... 

Osisko to buy embattled miner Stornoway

Alrosa seeks to brighten up its fluorescent diamond sales

By: Reuters     9th September 2019 Russia's Alrosa is talking to several global jewellery retailers about jointly marketing the miner's jewellery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones. Diamond miners, which have long excelled at marketing, are seeking new approaches to... 

Botswana leader sees new diamond pact with De Beers after vote

By: Bloomberg     6th September 2019 Botswana’s government and De Beers are in “cordial” negotiations about a new diamond-sales pact to replace their current 10-year deal which expires in 2020 and it should be concluded after next month’s election, President Mokgweetsi Masisi said. “Everything is going as planned,” Masisi said... 

Multiple factors prompt amendment of Zim law

By: Theresa Bhowan     6th September 2019 The announcement of the intention to repeal the Indigenisation and Economic Empowerment Act by the Zimbabwe government in March 2019 was driven by various factors, including investor, political and legal motivations, global law practice and legal services provider Eversheds Sutherland tells... 

Multiple factors prompt amendment of Zim law
EMMERSON MNANGAGWA Calls for the indigenisation law to be repealed have been prevalent since President Emmerson Mnangagwa came into office

Bright horizons for investors, Zimbabwe diamond industry

By: Theresa Bhowan     6th September 2019 Russian diamond miner Alrosa says one of the motivations behind signing the $12-million joint venture (JV) agreement with national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) is to develop cooperation between Alrosa and its Zimbabwean partners and increase Alrosa’s presence in... 

Bright horizons for investors, Zimbabwe diamond industry
MINING EXPLORATION Russian diamond miner Alrosa aims to develop cooperation with its Zimbabwean partners

Currency crisis, mining policy uncertainty crippling economy

By: Theresa Bhowan     6th September 2019 While investor sentiment toward Zimbabwe is expected to improve, the country faces yet another economic crisis in the form a currency crisis that could deter investors who have had their interest in the country piqued recently, law firm Webber Wentzel tells Mining Weekly. “The indigenisation law,... 

Currency crisis, mining policy uncertainty crippling economy
BRUCE DICKINSON There has been greater investment interest over the past 12 to 18 months, with less risk averse investors remaining positive about the prospects that Zimbabwe has to offer

Mining sector is Zimbabwe’s greatest hope

By: Theresa Bhowan     6th September 2019 The optimism following the ousting of former Zimbabwean President Robert Mugabe was short-lived, with the realisation that it would not result in substantial change in the short term, or immediate return of foreign investment to Zimbabwe. This also came with the realisation that the once-healthy... 

Mining sector  is Zimbabwe’s  greatest hope
WARREN BEECH Radical change in Zimbabwe’s mining laws will facilitate a thriving mining sector

Power supply hampering Zimbabwe mining

By: Theresa Bhowan     6th September 2019 Despite experiencing growth last year, intermittent power supply and a lack of new foreign direct investment (FDI) are the main causes of the Zimbabwe mining sector’s declining performance, says specialist strategy and communications consultancy Africa Practice mining sector lead Rishon Chimboza. 

Power supply hampering Zimbabwe mining
RISHON CHIMBOZA Zimbabwe needs to demonstrate that it is ready for investment when these investments start coming in

Angola is presenting mineral concessions in international centres

By: Rebecca Campbell     6th September 2019 The Angolan Government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on... 

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