Diamond - Copperbelt Katanga Mining

Zimbabwe’s RioZim buys Namibian diamond mine to expand in Africa

October 10, 2022October 10, 2022 admin

RioZim has bought Sperrgebiet Diamond Mine in Namibia as the Zimbabwean group seeks to expand in Africa. “The group has been trying to broaden its footprint in the mining industry in Africa and this acquisition was part of the strategy,” Tawanda Andrew Chiurayi, RioZim’s group company secretary, said in a written response to questions from Bloomberg News. “We also want to diversify our assets and geographies.” Chiurayi declined to disclose the amount RioZim paid for the mine. The acquisition cost $58-million, people familiar with the matter said, asking not to be named as the price hasn’t… Read More Here

Diamond

De Beers’ eighth sales cycle generates $500m

October 5, 2022October 5, 2022 admin

Diamond miner De Beers sold $500-million of rough diamonds during its eighth sales cycle of this year. This compares with the $492-million of rough diamonds sold in the eighth sales cycle of 2021. “Demand for our rough diamonds during sales cycle eight was in line with expectations in what is a traditionally quieter time of year for the diamond industry as polishing factories in India prepare for closures ahead of the Diwali holidays. “The steady overall demand for De Beers Group’s rough diamonds is reflected in the ongoing consumer demand for diamond jewellery ahead of the key holiday… Read More Here

Diamond Gold

Zimbabwe wants half of royalties paid in gems, precious metals

September 30, 2022September 30, 2022 admin

Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the minerals, which “serve as a source of trust in a country given that they carry no credit or counter party risks,” Secretary for Finance George Guvamatanga said in a letter sent to the Ministry of Mines on Sept. 2 and seen… Read More Here

Diamond

Alrosa discovers 22 new diamond deposits in Zim

September 29, 2022September 29, 2022 admin

Russian miner Alrosa PSJC has discovered 22 new diamond deposits in Zimbabwe, according to the southern African nation’s president, Emmerson Mnangagwa. Alrosa will only be allowed to work on two of the diamond deposits, while the rest will be made available to other investors, Zimbabwe’s Information Ministry said, citing comments by Mnangagwa in New York at the weekend. The president attended a business meeting on the sidelines of the United Nations General Assembly. The Russian company declined an emailed request for comment In 2019, Alrosa signed an agreement with the… Read More Here

Mining in DRC Diamond

The European Union remains the first destination for Congolese diamond exports with 3.2 million carats sold in the 1st half of 2022

September 4, 2022September 6, 2022 arnbethnic

The Democratic Republic of Congo exported a volume of 6 million 225.223 carats of diamonds for a value of 82 million 650.118 USD in the 1st half of 2022, according to statistics from the Ministry of Mines. Of this volume of diamonds exported, approximately half was sold in the countries of the European Union and mainly in Belgium, ie 3 million 206,015 carats of diamonds. The second diamond destination of the DRC remains the United Arab Emirates with 2 million 751,460 carats sold in the 1st half of 2022. India… Read More Here

International Diamond

Lucapa finds Angola mine’s sixth-largest white diamond

September 4, 2022September 4, 2022 arnbethnic

Australia’s Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date. The diamond was found at the same alluvial mining block as the Lulo Rose, a 170-carat pink-coloured diamond believed to be the largest of its kind found in Angola in 300 years. Lucapa has a 40% stake in the Lulo mine, which hosts the world’s highest dollar-per-carat alluvial diamonds. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity. The partners… Read More Here

The DRC produced 4,581,679.13 carats of diamonds in the first half of 2022, a decrease in quantity of 22.32% compared to 2021

August 27, 2022August 27, 2022 admin

Diamond production in the 1st half of 2022 is almost the same in the Democratic Republic of Congo, unlike previous years predominated by artisanal production, at the rate of 51.86% for artisanal mining and 48.05% for industrial mining . This is indicated by the statistical data, published by the Technical Unit for Coordination and Mining Planning (CTCPM), an advisory, study and coordination body for mining activities in the DRC. CTCPM data reveal that the Democratic Republic of Congo (DRC) produced 4,581,679.13 carats of diamonds including: – 2,376,116.52 carats of artisanal mining,… Read More Here

Diamond Mining in DRC

DRC: most of the Congolese diamond comes from artisanal production, i.e. 71% in 2021

August 8, 2022August 8, 2022 admin

In the middle of the 21st century, most of the diamonds produced in the Democratic Republic of Congo come from artisanal mining, attest to the statistics of the Ministry of Mines. In 2021, the Congolese artisanal sector produced 9,205,503.82 carats of diamonds compared to 3,762,129.29 for industrial exploitation and 5,702.55 for semi-industrial exploitation. Despite the relaunch of MIBA, whose production is still minimal, the largest amount of diamond production comes from artisanal mining with approximately 71% of the overall volume, followed by industrial mining for 29% and semi- industrial for… Read More Here

Mining in DRC Diamond

DRC: Diamond export generated USD 140 million in sales revenue in 2021

August 8, 2022August 8, 2022 admin

The Democratic Republic of Congo exported in 2021 a global volume of 12 million 685,779.42 carats of diamonds for a value of 140.259 million US dollars, according to statistics from the Ministry of Mines. Of this export volume in 2021, there were 10,028,407.54 carats of diamonds from the artisanal sector for a value of 88 million US dollars against 2,150,126.41 carats coming from the industrial sector for a value of 42.112 million US dollars. Read More Here

Diamond Mining in DRC

Diamond production drops from 18.9 million carats in 2017 to 12.1 million carats in 2021 (report)

August 7, 2022August 7, 2022 arnbethnic

Diamond production in the Democratic Republic of Congo (DRC) has experienced a real decline over the period from 2017 to 2021, informs a report from the Ministry of Mines. According to data presented by the Ministry of Mines, diamond production in the DRC has fallen over the past 5 years from 18.9 million carats produced in 2017 to a volume of 12.9 million carats in 2021. , according to statistics from the Ministry of Mines. In this report, the Congolese Ministry of Mines also points out that most of the… Read More Here