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Lulo alluvial resource increases carats by 48%
18th March 2024 By: Sabrina Jardim

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 


Retired Tiffany & Co exec appointed to Diamcor’s board
18th March 2024 By: Tasneem Bulbulia

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 


Low prices contribute to 65% y/y drop in Gem's Ebitda
14th March 2024 By: Creamer Media Reporter

High inflation, interest rate hikes and slow overall economic growth in major economies impacted negatively on the diamond market in 2023, putting pressure on rough and polished diamond prices.... 


Russian diamond ban creates costly delays, Antwerp diamond dealers say
Russian diamond ban creates costly delays, Antwerp diamond dealers say
14th March 2024 By: Reuters

Antwerp's diamond dealers are facing long and expensive delays in their imports of the precious stones due to an EU ban on Russian-origin diamonds that came into effect on March 1, a letter seen by... 


The Karowe openpit
Updated study puts Karowe expansion project capital cost at $683m
14th March 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has published the results of an updated feasibility study on the Karowe Underground Expansion Project (UGP), detailing an estimated preproduction capital... 


Metcon post image
MineShift highlights the importance of advancing African beneficiation
14th March 2024 By: Tracy Hancock

The need to ensure that Africa realises the vast potential for socioeconomic upliftment presented by the on-continent beneficiation of its abundant endowment of precious-metals and stones was... 


Burgundy Diamond Mines CEO and MD Kim Truter
Burgundy CEO believes his diamond company is undervalued
13th March 2024 By: Darren Parker

ASX-listed Burgundy Diamond Mines (BDM) CEO and MD Kim Truter believes the company is trading at a significant discount, presenting a real opportunity for investors. “At some point, the market is... 


A De Beers employee sorting rough diamonds
De Beers pleased with rising demand, but warns recovery will be gradual
13th March 2024 By: Creamer Media Reporter

Diamond company De Beers sold $430-million of rough diamonds in the second sales cycle of this year. Sales were higher than the $374-million of rough diamonds sold in the first quarter of this... 


Blue Diamond
Petra seeks new CFO following Breytenbach’s resignation
8th March 2024 By: Marleny Arnoldi

London-listed Petra Diamonds has started with a recruitment process to appoint a successor to CFO Jacques Breytenbach, who has resigned owing to personal reasons. Breytenbach will remain in his... 


Firestone's 215 ct natural diamond up for sale
Firestone puts 215 ct diamond up for sale
6th March 2024 By: Darren Parker

UK-registered diamond mining company Firestone Diamonds has put a 215 ct natural diamond recovered at its Liqhobong diamond mine, in the highlands of Lesotho, up for sale.  The diamond represents a... 


Lucapa recovers two diamonds of over 100 ct each
Lucapa recovers two diamonds of over 100 ct each
5th March 2024 By: Sabrina Jardim

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas and Petalas, have recovered two diamonds of over 100 ct each from the terraces of Mining Block 46 at the Lulo mine, in Angola.... 


Australian exploration trends shifting, impacting search for new deposits - Amec CEO
Australian exploration trends shifting, impacting search for new deposits - Amec CEO
4th March 2024 By: Creamer Media Reporter

While Australian mineral exploration expenditure reached a record high in 2023, statistics for the December quarter show that the trends are shifting to a decline in expenditure and metres drilled,... 


Debswana's Jwaneng mine
Debswana's diamond sales down 25.1% in 2023 on weak demand
1st March 2024 By: Reuters

Debswana Diamond Company's sales of rough diamonds fell 25.1% in 2023, data released by Botswana's central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the... 


Diamcor diamonds
Diamcor reports a $1m loss for the third quarter
1st March 2024 By: Darren Parker

Junior diamond mining company Diamcor Mining has reported a net loss of about $1-million, or about $0.01 a share, for the quarter ended December 31, 2023. This compares with a net loss of $386 619... 


One rough and one polished diamond
De Beers strengthens provenance collaboration ahead of G7 import ban on Russian diamonds
29th February 2024 By: Creamer Media Reporter

Ahead of new diamond import requirements from Group of 7 (G7) nations, starting on March 1, diamond producer De Beers Group says it anticipates no disruption to its diamond supply. The group... 


Lucapa posts full-year loss amid volatile market conditions
29th February 2024 By: Sabrina Jardim

In 2023, the global diamond market experienced a downturn and volatility and although the large, high-quality diamonds recovered from both its Lulo and Mothae operations achieved decent prices at... 


WFDB concerned about G7 proposal to restrict trade in Russian diamonds
28th February 2024 By: Sabrina Jardim

The World Federation of Diamond Bourses (WFDB) has launched a campaign to unite the diamond and jewellery industry in presenting its concerns regarding the proposed Group of Seven (G7) restrictions... 


Russia diamond producer Alrosa's annual net profit drops 15.2%
28th February 2024 By: Reuters

Russia's sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18-billion roubles ($925-million), down 15.2% from the previous year. Turnover was up 9.2% at... 


Eastport Ventures CEO Robin Birchall
Eastport appoints mining veteran Birchall as CEO
28th February 2024 By: Marleny Arnoldi

Canadian miner Eastport Ventures has appointed Robin Birchall CEO effective immediately. He brings to the board more than 20 years of experience in the investment banking sector within the mining... 


Christo Wiese
South African billionaire Wiese returns to his diamond-hunting roots
26th February 2024 By: Bloomberg

Christo Wiese, South Africa’s-billionaire retail king, is going back to the future. The 82-year-old serial investor, who steered the expansion of both Africa’s biggest clothing retailer and the... 


US targets ‘disposable’ firms in new Russian sanctions blast
26th February 2024 By: Bloomberg

The latest round of Russia sanctions unveiled Friday targeted hundreds of people and entities from around the globe, including a Liechtenstein company that traded precious metals, a semiconductor... 


An image of a type of ship used during the process of marine diamond mining
Embracing new tech in marine diamond mining
23rd February 2024

To increase the net present value (NPV) of Namibia’s marine diamond mining sector, four strategies – economies of scale, economies of scope, productivity and efficiency improvements, and... 


Mining consultancy SRK Consulting MD Andrew van Zyl
Continued exploration, mine development in 2024
23rd February 2024

With Africa’s substantial and varied mineral endowment being undisputed, the year ahead will likely see ongoing progress in exploration and mine development, in both traditional metals and the... 


anglo american sign and logo
Anglo to focus on cost cutting following disappointing 2023 performance
22nd February 2024 By: Darren Parker

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 


The Karowe openpit mine
Lucara expects higher revenues for 2024; announces new large diamond recoveries
21st February 2024 By: Chanel de Bruyn

Canada-headquartered Lucara Diamond Corp, which owns and operates the Karowe mine, in Botswana, expects its revenues to rebound to between $220-million and $250-million this year, after a... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


An image depicting Petra Diamonds CEO Richard Duffy
Petra urges discipline among diamond producers to ensure balanced inventory levels
20th February 2024 By: Sabrina Jardim

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 


Gem Diamonds recovers third diamond greater than 100 ct this year
19th February 2024 By: Marleny Arnoldi

London-listed Gem Diamonds has recovered a high-quality 113 ct white Type II diamond from the Letšeng mine, in Lesotho. This follows recoveries of a high-quality 295 ct white Type II diamond and a... 


An image showing Lucara's Karowe mine in Botswana
Lucara signs new ten-year diamond sales agreement with HB Group
19th February 2024 By: Tasneem Bulbulia

Canadian mining company Lucara Diamond Corp has entered into a new diamond sales agreement (NDSA) with processer and trader HB Group out of Antwerp, Belgium, in respect of qualifying “special”... 


Petra Diamonds' Cullinan mine
Petra sold $47.8m worth of diamonds in fourth tender
16th February 2024 By: Darren Parker

Diamond producer Petra Diamonds sold 428 900 ct for $47.8-million during its fourth tender cycle of the 2024 financial year. This represents a 4% increase in like-for-like prices compared with the... 


Zimbabwe central bank accumulates almost a ton of gold reserves
13th February 2024 By: Bloomberg

Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal. The reserves... 


Mining’s focus switching to critical minerals, with ESG pressures increasing
12th February 2024 By: Rebecca Campbell

The need to transform the global energy system and to cut carbon emissions, to counter the danger of climate change, is shifting the mining spotlight away from traditional high-value resources,... 


diamond sorting
De Beers’ fourth-quarter rough diamond production down 3% y/y
8th February 2024 By: Darren Parker

Diamond producer De Beers reported on February 8 that its 2023 fourth-quarter rough diamond production had decreased by 3% year-on-year to 7.9-million carats, primarily owing to the planned... 


Botswana sets aside $65m to buy 24% stake in gem trader HB Antwerp
8th February 2024 By: Reuters

Botswana has set aside 890-million pula ($65-million) to buy shares in Belgian diamond trader HB Antwerp, national budget documents show, advancing a deal that President Mokgweetsi Masisi said in... 


De Beers CEO Al Cook
De Beers warns diamond recovery will be slow after terrible year
8th February 2024 By: Bloomberg

De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US. The... 


De Beers CEO Al Cook with Endiama CEO Ganga Junior at Investing in African Mining Indaba.
Angola’s diamond sparkle brightened by new De Beers deal
6th February 2024 By: Martin Creamer

Diamond mining and marketing company De Beers is to collaborate with Angola on opportunities to increase diamond production, support alluvial mining sector and enhance social development for the... 


Duncan Wanblad
Anglo CEO says he can run sprawling miner better than any activist
6th February 2024 By: Bloomberg

Anglo American’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist... 


Swiss ban Russian diamond imports, joining latest EU sanctions
1st February 2024 By: Reuters

Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on... 


Mining Indaba 2024: Is sustainability the answer for more resilient companies and supply chains?
1st February 2024

Mining remains a key pillar to the South African economy. Mining Indaba 2024 (in Cape Town next month) provides stakeholders and regulators with the opportunity to deliberate once again on how this... 


The Letšeng mine
Gem increases production, but lower prices bite
1st February 2024 By: Creamer Media Reporter

London-listed Gem Diamonds recovered 109 656 ct of diamonds from its Letšeng mine, in Lesotho, for 2023 – an increase on the 106 704 ct recovered in 2022. In a trading update on the company's... 


Frengelina Mabotja, Business Line Manager Screening Solutions at Sandvik Rock Processing
Meeting Africa's growing demand for vibrating screens and feeders
1st February 2024

BLURB FOR ONLINE PLATFORMS Across the diverse commodities landscape of Africa, the demand for vibrating screens and feeders is on the rise. Sandvik Rock Processing, a prominent player in the... 


PDAC 2024 programming highlights
1st February 2024

PDAC’s award-winning Convention has always been unmatched in its ability to connect attendees with industry experts and presenters from across the globe. PDAC 2024 will be no different, and we are... 


Botswana Diamonds-led consortium awarded prospecting licence in Eswatini
31st January 2024 By: Creamer Media Reporter

A consortium called Diamonds of Eswatini, in which London- and Botswana-listed Botswana Diamonds holds a 30% interest, has been awarded a prospecting licence over the diamondiferous Dokowayo... 


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