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Diamonds News

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

WDC sees green shoots of progress in responsible diamond sourcing discussions

By: Marleny Arnoldi     15th November 2021 At the closing session of the 2021 Kimberley Process (KP) Plenary on November 12, World Diamond Council (WDC) president Edward Asscher was encouraged by the KP’s constructive discussions and its welcoming of a Declaration of Supporting Principles for Responsible Diamond Sourcing. Although a... 

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

Thirty entrepreneurs graduate from De Beers’ enterprise coaching programme

By: Simone Liedtke     12th November 2021 Diamond miner De Beers’ Venetia mine, in partnership with the Small Enterprise Development Agency, hosted a graduation ceremony for participants of its Enterprise Coaching Programme on November 11. The programme enrolled 30 entrepreneurs who went through ten months of intensive coaching and... 

Pic of graduates from DeBeers Venetia Mine's enterprise coaching programme
DeBeers Venetia Mine celebrates the completion of its enterprise coaching programme

Alrosa posts profit jump on recovering diamond demand

By: Reuters     11th November 2021 State-controlled Russian diamond producer Alrosa on Thursday said recovering sales helped it to more than triple third-quarter net profit to 25-billion roubles ($354-million). The world's largest producer of rough diamonds, which competes with Anglo American unit De Beers, is gradually restoring... 

An image of diamonds

Minerals Council backs Eskom leadership, urges govt to cut procurement red tape

By: Martin Creamer     10th November 2021 Minerals Council South Africa on Wednesday supported the Eskom leadership team in its efforts to stabilise South Africa’s electricity supply and urged government to focus on shortening the bureaucratic processes hindering Eskom’s ability to procure urgently required spares for power stations and... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Mountain Province on strong footing as diamond market exceeds preCovid levels

By: Mariaan Webb     9th November 2021 Canadian miner Mountain Province, which owns the Gahcho Kué diamond mine in a joint venture with De Beers, is set to enter 2022 on a strong footing, with the mine having returned to peak efficiency levels and the diamond market exceeding preCovid levels. The company is achieving sales prices 47%... 

An aerial image of Gahcho Kue
The Gahcho Kué diamond mine

BlueRock operates new Kareevlei plant at design capacity

By: Donna Slater     9th November 2021 As part of the one-million-tonne-a-year expansion project at its Kareevlei diamond mine, in Kimberley, South Africa, Aim-listed diamond producer BlueRock Diamonds has successfully operated all key areas of its new production plant at design capacity on a short-cycle basis during the hot... 

WDC calls for action to expand conflict diamonds definition 

By: Marleny Arnoldi     9th November 2021 World Diamonds Council (WDC) president Edward Asscher has implored Kimberley Process (KP) members to expand the definition of conflict diamonds to support long-term consumer confidence. He addressed delegates during the first day of the 2021 KP Plenary on November 8, highlighting that now was... 

WDC president Edward Asscher
WDC president Edward Asscher

Northern Cape community mining project helps curb illegal operations

By: Simone Liedtke     5th November 2021 In the midst of a desert wilderness, for about 109 km from the south bank of the Orange river, which forms part of the border between South Africa and Namibia, miner Lower Orange River Diamonds (LOR) has found a solution to illegal mining, a Community Artisanal Mining (CAM) project, which the... 

Magazine Cover

Mining modernisation to benefit junior miners, exploration in South Africa 

By: Schalk Burger     4th November 2021 The development and applications of technologies and techniques in mining to make it safer, more productive and more efficient are benefiting junior miners and adding tools and capabilities to stimulate minerals exploration in South Africa, mining and technology experts said on November 4. During... 

Lucara reports strong third-quarter production, revenue growth

By: Chanel de Bruyn     4th November 2021 Diamond miner Lucara Diamond Corp's Karowe mine, in Botswana, produced 97 412 ct of diamonds in the third quarter ended September 30, compared with the 88 909 ct produced in the third quarter of 2020. Production included 212 "special" diamonds weighing more than 10.8 ct each. 

South African Duncan Wanblad to succeed Mark Cutifani as Anglo CE 

By: Martin Creamer     3rd November 2021 Diversified mining company Anglo American on Wednesday announced the appointment of Duncan Wanblad as chief executive with effect from the company’s annual general meeting (AGM) on April 19 next year – and has also spelt out details of Wanblad’s upcoming remuneration package in considerable... 

A picture of Wanblad supplied by Anglo
South African Duncan Wanblad, who takes over as CE of Anglo American on April 19.

Pluczenik re-enters South Africa, opens local diamond cutting facility 

By: Marleny Arnoldi     2nd November 2021 Global diamond manufacturer and trader Pluczenik Diamond Company has made a re-entry into the South African market by partnering with a local entrepreneur to open a diamond cutting and polishing facility in Bedfordview. Pluczenik was initially established in South Africa in 1948, before migrating... 

Pluczenik re-enters South African diamond cutting and polishing market with factory in Bedfordview
Photo by Creamer Media's Marleny Arnoldi
Pluczenik re-enters South African diamond cutting and polishing market with factory in Bedfordview

Anglo to transition to green hydrogen mine fleet over decade – Cutifani 

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American, which is piloting the world’s biggest green hydrogen-powered haulage vehicle, is planning to replace its global truck fleet of 400 diesel trucks with hydrogen trucks over a ten-year period from about 2024. Introducing hydrogen mobility on its mines will... 

Creamer Media screenshot
Anglo American’s hydrogen truck with hydrogen production and refuelling system shown top right.

Anglo can uplift livelihoods of many thousands, sustainability attendees hear

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American can uplift the livelihoods of many thousands of people living around its communities in South Africa and support many jobs through its sustainability projects, attendees of Anglo’s second 2021 sustainability update were told. The London- and... 

Creamer Media screenshot
Photo by Creamer Media
Anglo American responsible business partnerships head Jon Samuel

Anglo to use underground mine water to generate electricity   

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American is planning to use water in its underground mines as batteries. The water will be pumped up when operations have excess renewable power and allowed to run back down when electricity is needed. 

Creamer Media screenshot
Photo by Creamer Media
From top left clockwise are Mark Cutifani, Jon Samuel, Stephen Pearce and Zahira Quatrocchi.

Lab-grown diamonds are latest victims of China’s power crisis

By: Bloomberg     1st November 2021 The lab-grown diamond industry is the latest sector to feel the effects of China’s energy crisis -- and if the situation gets worse, consumers may find that special Christmas gift is suddenly a lot more expensive. Output of jewelry-grade gems has dropped by about 10% to 15% for the past month or... 

Shining Light Award winners announced

By: Schalk Burger     29th October 2021 Twelve young jewellery designers – three each from Botswana, Canada, Namibia and South Africa – won awards during this year's Shining Light Awards, which is hosted by diamond miner De Beers and honours the next generation of jewellery designers. “Through the programme, we are able to help the... 

Diamond producer reaps rewards of modernisation

By: Halima Frost     29th October 2021 v Russia-based diamond miner Alrosa’s significant investment in modernising and automating its manufacturing processes is aimed at improving operational performance and decreasing costs. 

A large yellow mine load dump haul truck entering a mine being directed by a miner at the Russian diamond producer Alrosa operations
BIG MOVER The modernisation drive being undertaken by Alrosa Diamonds across its operations is improving its efficiencies already

Gem lowers full-year production guidance

By: Chanel de Bruyn     28th October 2021 London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, has lowered its production guidance for the full-year to December 31 to between 110 000 ct and 114 000 ct, compared with the previously guided 123 000 ct to 127 000 ct. The diamond miner noted in a trading update to... 

A photo of the Letšeng mine in Lesotho

Rio sets a new record with Argyle tender

By: Esmarie Iannucci     28th October 2021 Diversified miner Rio Tinto on Thursday reported record breaking results for its 2021 Argyle pink diamonds tender, which featured a collection of 70 rare pink and red diamonds from the now-closed Argyle mine. The 2021 collection, titled The Journey Beyond, is a historical collection comprising... 

Parties sign terms of reference to catalyse mining industry modernisation  

By: Donna Slater     26th October 2021 Representatives of the Mandela Mining Precinct (MMP) and five labour unions on October 26 signed an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry, resulting in the formation of the MMP – Organised Labour Consultative (OLC)... 

An image of members signing an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry
Mandela Mining Precinct and labour unions launch Organised Labour Consultative forum with terms of reference signing

Petra records good first-quarter revenue growth

By: Chanel de Bruyn     26th October 2021 London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... 

A photo of Petra Diamonds' Finsch mine, in South Africa
The Finsch diamond mine

Botswana Diamonds to raise £550 000

By: Tasneem Bulbulia     25th October 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £550 000 through the issue of 55-million new ordinary shares at a placing price of 1p a share. The funds will be used for exploration activities during the current year in Botswana and... 

Diamcor tender generates R483 000 in revenue

By: Tasneem Bulbulia     21st October 2021 TSX-listed junior diamond miner Diamcor Mining says it continues to achieve significant results in this quarter’s initial tender and sale of rough diamonds recovered from the processing of quarry material through its recently upgraded processing facilities at the  Krone-Endora at Venetia project... 

De Beers tightens full-year output guidance at 32m carats

By: Chanel de Bruyn     21st October 2021 Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its production performance in the third quarter ended September 30, the Anglo American subsidiary said demand for... 

A photo of rough diamonds

Family who exited De Beers for $5bn seeks out Asia’s rich

By: Bloomberg     20th October 2021 The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy. Edoardo Collevecchio, the former chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in... 

Angola's Catoca says tailings leak contained no hard metals

By: Reuters     20th October 2021 Angola's Catoca diamond mine said a July tailings leak, which turned a river red and killed large numbers of fish downstream in the Democratic Republic of Congo, contained a mixture of sand and clay, but no hard metals. Congo's government has said the tailings breach killed 12 people and made... 

De Beers’ latest sales cycle rakes in $490m

By: Marleny Arnoldi     20th October 2021 Diamond miner De Beers Group estimates it sold $490-million of rough diamonds for its eighth sales cycle of this year. The sales figure represents anticipated sales value for October 4 to 19 and is subject to adjustment.  

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Venetia’s new on-site heat tolerance screening facility is now open

By: Simone Liedtke     19th October 2021 De Beers’ Venetia diamond mine, near Alldays, in Limpopo, has opened a new on-site heat tolerance screening (HTS) facility as part of its ongoing efforts to ensure the safety of its workers. The new facility, which was built by local small business Ravhuyani Construction and Projects, will... 

Pic of Venetia diamond mine's HTS Building
Venetia's HTS Building

Diamond market ‘fully recovered from pandemic’

By: Mariaan Webb     19th October 2021 A structural decline in diamond production and growing end-user demand have created favourable conditions for sustained price growth, especially for rare rough and polished diamonds. In its yearly diamond investment market report, Alrosa states that the diamond market has "fully recovered from... 

An image of diamond and gold jewellery

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Gem Diamonds recovers two high-quality diamonds from Letšeng

By: Tasneem Bulbulia     18th October 2021 LSE-listed Gem Diamonds has recovered a high-quality 245 ct Type II white diamond and a high-quality 102 ct Type II white diamond, from the Letšeng mine, in Lesotho. Gem Diamonds owns 70% of the mine, which is known for producing large, top colour, exceptional white diamonds, making it the... 

An image showing the high-quality 245 ct Type II white diamond from the Letšeng mine, in Lesotho
245 ct

Miners’ rough diamond stocks ‘at minimal levels’ – Alrosa

By: Creamer Media Reporter      15th October 2021 Russian diamond miner Alrosa sold 9.2-million carats in the three months ended September, a 20% quarter-on-quarter decrease, owing to the lack of rough diamond inventories available for sale and the high base effect of the second quarter. The company, which produced 8.8-million carats in the... 

An image of rough diamonds

Ministry organises inaugural Angola International Diamond Conference

By: Tasneem Bulbulia     15th October 2021 The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the... 

Namdeb to extend land-based operations' mine life to 2042

By: Creamer Media Reporter      14th October 2021 Namdeb Diamond Corporation, a 50:50 joint venture between De Beers Group and the government of Namibia, have approved a new long-term business plan that will extend the current life-of-mine of its land-based operations as far as 2042. Under the previous business plan, the land-based Namdeb... 

A photo of materials handling equipment at Namdeb's land-based operations
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