R/€ = 15.96 Change: -0.12
R/$ = 14.13 Change: -0.07
Au 1321.34 $/oz Change: 15.76
Pt 807.66 $/oz Change: 24.07


Govt, industry collaboration needed to create thriving diamond industry – Ernie Blom

By: Simone Liedtke     Updated 5 hours ago World Federation of Diamond Bourses president Ernie Blom has called on Mineral Resources Minister Gwede Mantashe, through an open letter, to put into practice what government has said regarding the development of the South African mining industry, in general, and to help “pave the road to... 

Companies at Mining Indaba panic about 1 March 2019 deadline for Mining Charter implementation and compliance with the NEMA Financial Provision Regulations, says Alusani® Course Leader

By: Creamer Media Reporter      14th February 2019 Mining Charter The Mining Charter 2018 was a hot topic at the recently held Mining Indaba in Cape Town. With the proposed changes to BEE requirements which prescribes how mining companies are required to involve communities and women in their management and ownership structures, many companies... 

Alrosa’s January sales down 44% y/y

By: Simone Liedtke     12th February 2019 Following a strong performance in December, Russian miner Alrosa’s rough and polished diamond sales fell to $281.5-million in January – a 44% decrease on the same month in 2018. January’s rough diamond sales amounted to $278.2-million and polished diamond sales were $3.4-million, the company... 

BlueRock raises £575 000 for further Kareevlei development

By: Tasneem Bulbulia     11th February 2019 Aim-listed BlueRock Diamonds has raised £575 000 before expenses through the issue of 191.67-million shares at a price of 0.3p a share.  The funds will be used to continue the development of the Kareevlei mine, in the Kimberley region of South Africa. 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Letšeng delivered record number of large diamonds for Gem in 2018 

By: Nadine James     7th February 2019 Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31. Gem on Thursday reported that it had recovered three diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the quarter, taking the... 

Expanded Metal Remains An Economical And Cost Effective Material

6th February 2019 Durable, dependable and incredibly versatile, Mentis Expanded Metal continues to be an economical and cost effective material. The manufacturing process ensures optimum material integrity and strength and allows it to be used for a wide range of applications. Lance Quinlan, national technical... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Time to make Africa prosperous – Ghana President   

By: Martin Creamer     5th February 2019 It is time for Africa to make itself and its people prosperous by making use of mineral resources and modern technology to create a new world shorn of greed and cupidity, Ghana President Nana Akufo-Addo said on Tuesday. In an opening address on the second day of the Investing in African Mining... 

BlueRock recovers 8.97 ct diamond at Kareevlei

By: Tasneem Bulbulia     5th February 2019 Aim-listed BlueRock Diamonds has recovered an exceptional 8.97 ct diamond at its Kareevlei mine, in the Kimberley region of South Africa. This will be the third diamond to be recovered at Kareevlei that is independently valued at more than $50 000. 

Firestone on track to meet FY guidance despite subdued environment

By: Simone Liedtke     4th February 2019 Aim-listed Firestone Diamonds on Monday reported that it had treated 1.9-million tonnes of ore in the six months to December 31, in line with the company’s full-year guidance of between 3.6-million tonnes and 3.9-million tonnes treated. In a quarterly operations update for its Liqhobong diamond... 

Lucapa gets A$22.9m at inaugural tender

By: Esmarie Iannucci     1st February 2019 Diamond miner Lucapa Diamond Company has generated A$22.9-million in revenue from the first sale of exceptional diamonds under the new diamond marketing policy in Angola. The ASX-listed company sold seven large and top quality diamonds weighing 498 ct from its Lulo alluvial mine, achieving a... 

Operations resume at BlueRock’s Kareevlei mine

By: Marleny Arnoldi     30th January 2019 Operations have resumed at Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in South Africa’s Northern Cape province. This follows a temporary suspension of operations from January 22, after the Department of Mineral Resources imposed a Section 54 notice.  

Alrosa unearths 191ct diamond at Udachny

By: Mariaan Webb     29th January 2019 Russian diamond miner Alrosa has discovered its largest rough diamond in about two-and-a-half years, with the Udachnaya kimberlite pipe earlier this month delivering a 191.46 ct stone. The 40 mm by 31 mm by 20 mm diamond was extracted at the processing plant No 12 of Udachny mining and processing... 

De Beers sells $505m rough diamonds in first sales cycle 

By: Simone Liedtke     29th January 2019 Diamond producer De Beers on Tuesday reported that rough diamond sales in this year's first sale cycle had reached $505-million. This is $167-million less than the $672-million earned in the first sales cycle of 2018. 

Petra delivers solid H1 output, says diamond market outlook remains stable 

By: Simone Liedtke     28th January 2019 LSE-listed Petra Diamonds delivered solid production, along with a “continued improvement” in its safety performance, in the first half of the 2019 financial year. CEO Johan Dippenaar on Monday said the mining company, which operates the Cullinan, Finsch and Koffiefontein mines, in South Africa,... 

Lucara recovers 240 ct diamond at Karowe

By: Creamer Media Reporter      28th January 2019 Lucara Diamond Corporation's Karowe mine, in Botswana, has yielded another significant find – a 240 ct top white gem diamond. It will be shown alongside the 127 ct, top white gem diamond recovered earlier this year, together with other exceptional diamonds recently recovered from Karowe at... 

Lucara marks progress on Karowe feasibility study

By: Tasneem Bulbulia     24th January 2019 Lucara Diamond Corp continues to make progress with the feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine, in Botswana. Following the release of a positive preliminary economic assessment (PEA), the company last year embarked on a technical... 

BlueRock temporarily suspends operations at Kareevlei

By: Tasneem Bulbulia     24th January 2019 Aim-listed BlueRock Diamonds has temporarily suspended operations at its Kareevlei mine in the Kimberley region of South Africa, owing to the imposition of a Section 54 notice from the Department of Mineral Resources (DMR). The Section 54 notice is in relation to the code of practice relating to... 

De Beers lowers 2019 output guidance

By: Tasneem Bulbulia     24th January 2019 Diamond miner De Beers has lowered its production guidance for 2019 to between 31-million and 33-million carats. The company, which on Thursday reported production of 35.3-million carats for the 2018 financial year, attributes the lower production guidance to its existing Venetia openpit, in... 

Alrosa aims for 38m ct production in 2019

By: Marleny Arnoldi     24th January 2019 Russian diamond miner Alrosa reported 2018 production volumes of 36.7-million carats and sales of 38.1-million carats. Production declined by 7% year-on-year, owing to the shutdown of the Mir underground mine and the completion of openpit mining at the Udachnaya pipe.  

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

By: Reuters     24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

Further work at BK16 deposit ‘justified’ – consultant

By: Simone Liedtke     23rd January 2019 TSX-V-listed Tsodilo Resources on Wednesday announced the completion of a second independent size frequency distribution (SFD) modelled grade and diamond value for the 77.94 ct parcel of 502 commercial size diamonds recovered during BK16’s large diameter drilling (LDD) programme. In December, it... 

Alrosa says sales down in January - Interfax

By: Reuters     23rd January 2019 Sales by Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its CEO was quoted as saying by Interfax news agency on Wednesday. Alrosa competes with Anglo American's De Beers, the biggest seller of rough diamonds by value. 

BlueRock expands Kareevlei resource, grades

By: Marleny Arnoldi     23rd January 2019 Aim-listed BlueRock has updated its 2013 inferred level of confidence in the diamond mineral resource for the Kareevlei kimberlite cluster. The company owns and operates the Kareevlei diamond mine, in Kimberley, South Africa, and appointed Z Star Mineral Resource Consultants to compile its... 

Botswana Diamonds to raise £370 000 for exploration activities

By: Simone Liedtke     23rd January 2019 Aim-listed Botswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share. The proceeds will be used to fund exploration activities during the current... 

Stornoway announces two board appointments

By: Creamer Media Reporter      22nd January 2019 Quebec-based diamond miner Stornoway Diamonds has appointed Hubert Lacroix and Angelina Mehta to its board of directors. Lacroix has more than 30 years of experience in business and law and has expertise in corporate governance 

Inside one of Joburg’s flagship urban renewal projects

By: Dylan Slater     18th January 2019 Urban property fund Divercity is helping City of Johannesburg mayor Herman Mashaba to realise his concept of restoring the Johannesburg central business district (CBD) to a degree of its former glory, as well as his wish to “turn Johannesburg into a construction site”, with old buildings being... 

Inside one of Joburg’s flagship urban renewal projects

By: Dylan Slater     18th January 2019 Urban property fund Divercity is helping City of Johannesburg mayor Herman Mashaba to realise his concept of restoring the Johannesburg central business district (CBD) to a degree of its former glory, as well as his wish to “turn Johannesburg into a construction site”, with old buildings being... 

Stornoway misses guidance in ‘challenging’ year

By: Mariaan Webb     17th January 2019 Quebec’s diamond miner, Stornoway, produced 1.32-million carats from the processing of 2.33-million tonnes of ore in the 2018 financial year, missing its guidance of recovering at least 1.35-million carats from the processing of 2.5-million tonnes of ore. In its fourth-quarter and 2018... 

Lucapa output rises on Mothae start

By: Esmarie Iannucci     16th January 2019 Diamond miner Lucapa Diamond Company produces 3 089 ct of diamonds from its Mothae operation, in Lesotho, during the December quarter. The 1.1-million tonne treatment plant was commissioned during the December quarter, delivering Lucapa its second operational mine. 

Ford, IBM among quartet in Congo cobalt blockchain project

By: Reuters     16th January 2019 Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help... 

November mining production down 5.6% y/y  

By: Tasneem Bulbulia     15th January 2019 South Africa’s mining production decreased by 5.6% year-on-year in November. Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors. 

Newfield Resources marks progress at Tongo project

By: Tasneem Bulbulia     15th January 2019 ASX-listed Newfield Resources is, along with its technical partners PPM, SRK Consulting and Datamine, nearing completion of the front-end engineering design study for its Tongo diamond project, in Sierra Leone. The outcome of the study is expected to be released in the first quarter of this year. 

Weir Mineral’s Cavex® Hyrdocyclone Shines In Diamonds

15th January 2019 The successful performance of Weir Minerals’ Cavex® hydrocyclones at a diamond mine in South Africa’s Northern Cape Province has proved the technology’s applicability in dense medium separation (DMS) plants treating diamondiferous material. In her presentation to the Southern African Institute of... 

Debtech X-Ray Diamond Recovery Technology To Sierra Leone

15th January 2019 Working in collaboration with project house Paradigm Project Management, diamond processing technology specialists DebTech is supplying its well-proven X-ray diamond recovery technology to the Tongo diamond mining project in Sierra Leone, currently being developed by Newfield Resources Ltd.... 

Angola to hold first diamond auction as it seeks to open sector

By: Bloomberg     14th January 2019 Angola will give the outcome of its first diamond auction on January 31 as the southwest African country’s seeks to increase transparency, attract more investment and boost government revenue, state-owned diamond-trading company Sodiam said. The evaluation of seven gemstones from Angola’s... 

DebTech supplies X-ray diamond recovery tech to Sierra Leone project

By: Marleny Arnoldi     14th January 2019 Diamond processing technology specialist DebTech is supplying its X-ray diamond recovery technology to Newfield Resources’ Tongo diamond mining project, in Sierra Leone. DebTech is collaborating with project house Paradigm Project Management on the project.  

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