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Gem declares $18.3m in payments to Lesotho, Botswana governments

By: Simone Liedtke     19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

CAR struggling to resume diamond exports, tax revenue lags

By: Reuters     18th June 2018 Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical... 

Lucapa, partners sell another $2m of Lulo diamonds

By: Creamer Media Reporter      18th June 2018 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes (Endiama) and Rosas & Petalas have completed a further sale of 1 782 ct of alluvial diamonds from the Lulo project, in Angola. The parcel achieved gross sale proceeds of $2-million, or A$2.7-million, representing an... 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Swanepoel     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

Scientists peep deep into a diamond crystal to get information about the nature of its defects

14th June 2018 A multinational team of researchers, including a scientist from Wits University, have taken a deep look into a diamond to see how the atoms in its platelet defects are arranged in the hardest natural material known to man. Using two processes, namely transmission electron microscopy and electron... 

US suggests need for broader conflict diamond definition, due diligence for responsible sourcing

By: Marleny Arnoldi     13th June 2018 The Kimberley Process (KP) intercessional, which will take place from June 18 to 22 in Antwerp, Belgium, will focus on proposed reforms in the certification system to help achieve ambitious goals in the global diamond industry. This year, the European Union is chairing the KP and India is serving... 

Petra Diamonds shareholders back rights issue

By: Reuters     13th June 2018 Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170-million to help cut its debt burden, driving the share price around 5% higher. The company, which has suffered setbacks in Tanzania as well as production delays and strikes, had said there was a... 

Scientists peep deep into a diamond crystal to get information about the nature of its defects

13th June 2018 A multinational team of researchers, including a scientist from Wits University, have taken a deep look into a diamond to see how the atoms in its platelet defects are arranged in the hardest natural material known to man. Using two processes, namely transmission electron microscopy and electron... 

Angola's top diamond mine says underpricing has cost it almost $500m

By: Reuters     12th June 2018 Angola's Catoca, the world's fifth largest diamond mine, estimates it lost $464-million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented... 

BlueRock expects improved performance as it rectifies Kareevlei cone crusher issue

By: Marleny Arnoldi     11th June 2018 Aim-listed BlueRock Diamonds and an independent engineering consultant have evaluated the crushing circuit at the Kareevlei mine, in Kimberley, in the Northern Cape.  

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Alrosa sells $288m of diamonds in May

By: Creamer Media Reporter      8th June 2018 Diamond miner Alrosa Group sold $288-million worth of rough and polished diamonds in May. Rough diamond sales amounted to $277.5-million and polished diamond sales to $10.5-million. 

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

Botswana Diamonds to buy BCL's stake in exploration project

By: Reuters     7th June 2018 Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday. BCL mine group, which has been under liquidation since 2016, is selling its 51% stake in Maibwe Diamonds for an undisclosed amount. 

World Diamond Council’s System of Warranties open for public review

By: Anine Kilian     7th June 2018 The World Diamond Council (WDC) System of Warranties (SoW) has entered a public review period following the completion of an industry review. The SoW review and reform process is part of the WDC’s strategic plan and is intended to help industry participants better implement and demonstrate their... 

Kimberley's illegal miners to get mining permits

By: African News Agency      7th June 2018 Hundreds of artisanal and illegal miners in Kimberley in the Northern Cape will on Thursday receive mining permits from the Department of Mineral Resources.  Deputy minister of mineral resources Godfrey Oliphant will hand over two mining permits to artisanal miners, also known as Zama Zamas, in... 

US, Japanese platinum jewellery demand to continue growing

By: Marleny Arnoldi     6th June 2018 With China’s strong economic growth in the first quarter of this year, jewellery demand in that country also increased, but platinum jewellery demand lagged behind other jewellery segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International... 

Gold market could put supply on blockchain as soon as next year

By: Bloomberg     6th June 2018 The gold market could start using the technology behind cryptocurrencies to track an almost-$200 billion supply chain as soon as next year. The London Bullion Market Association (LBMA) last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote... 

Angola to change diamond sector to attract investment – Lourenço

By: Reuters     6th June 2018 Angola will make changes to how its secretive diamond industry works in order to attract more investment, increase production and secure higher government revenue, President João Lourenço said on a visit to Antwerp, Belgium. Africa's second-largest crude producer is trying to open up and... 

Botswana Diamonds awarded Mooikloof prospect

By: Marleny Arnoldi     6th June 2018 Aim-listed Botswana Diamonds has been awarded a prospecting licence for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in Limpopo, South Africa.  

Govt creating junior miners’ fund, boosting geoscience, legitimising zama-zamas 

By: Martin Creamer     5th June 2018 The government is partnering the State-owed Industrial Development Corporation (IDC) to establish a junior miners’ fund that will provide exploration investment capital to black-owned emerging miners; it is also investing R20-billion in the Council for Geoscience to boost exploration as well as... 

DPE probes Gupta-linked Alexkor for environmental law compliance

By: News24Wire      5th June 2018 The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation. This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA... 

BK16 diamond parcels delivered to Lucara lab for cleaning

By: Simone Liedtke     5th June 2018 TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning. The parcels comprise 101 diamonds weighing 18.57 ct and 130... 

Botswana central bank urges tax reform before diamonds dwindle

By: Bloomberg     4th June 2018 Botswana’s central bank has urged the government to overhaul the southern African nation’s tax regime and prepare the economy for declining contributions from diamonds. Botswana relies on the gemstones for almost a fifth of its gross domestic product and used the revenue generated from sales to... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

BlueRock raises £350 000 through placement

By: Anine Kilian     31st May 2018 Aim-listed BlueRock Diamonds has raised about £350 000 through the issue of 29.17-million ordinary shares at a price of 1.2p a share.     In addition to strengthening the balance sheet, the company will use the larger part of the proceeds to expedite the development of Pipe 1 at its Kareevlei... 

De Beers launches lab-grown diamond company Lightbox Jewellery in US

By: Marleny Arnoldi     29th May 2018 Diamond miner De Beers has launched a new company called Lightbox Jewellery that will begin marketing a new brand of laboratory-grown diamond jewellery designs at lower prices than existing lab-grown diamond offerings.  

Ontario Chamber of Commerce roundtable calls for provincial resources strategy

By: Henry Lazenby     28th May 2018 A roundtable comprising representatives from diverse sectors of society has resolved to call for clearer legislative direction regarding Ontario’s wealth of resources, the Ontario Chamber of Commerce announced on Monday. Held in Timmins, Ontario, the roundtable heard from representatives... 

Auctioneer confirms interest in Botswana diamond mine auction

By: Marleny Arnoldi     28th May 2018 Auctioneer GoIndustry DoveBid South Africa will be facilitating the sale of the Lerala diamond mine, in the Palapye region of Botswana, through an online auction, with final bids to close on Wednesday. 

D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin

By: Henry Lazenby     25th May 2018 The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that, in turn, could drive future demand for natural diamonds, the creator of a new diamond-backed crypto coin said on Friday. Singapore-based D1 Mint, the creator of the diamond-backed D1 Coin,... 

Sierra Leone president to push review of mining law, contracts 

By: Reuters     25th May 2018 Sierra Leone's new president will follow through with campaign promises to review mining contracts and consider changes to the law that would ensure the West African nation benefits from its natural resources, his spokesperson told Reuters. Sierra Leone, which is recovering from a devastating... 

Russian diamond producer Alrosa says H1 sales to exceed initial expectations

By: Reuters     25th May 2018 Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, said on Thursday first-half sales would be significantly higher than it originally planned due to market strength. Speaking on the sidelines of the St Petersburg economic forum, Alrosa chief executive Sergey Ivanov... 

Applied Mineral Technologies

25th May 2018 Established in 2001, South African materials handling systems and processing plants construction company Applied Mineral Technologies (Amtec) has come a long way from being a consultancy to a fully fledged industrial construction company. Amtec specialises in civil, structural, mechanical, piping... 

Signet joins De Beers' Tracr blockchain platform pilot

By: Anine Kilian     24th May 2018 Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. 

Petra’s shares fall on $178m proposed rights issue

By: Simone Liedtke     24th May 2018 Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... 

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