Diamond - Copperbelt Katanga Mining

Botswana Diamonds discovers largest anomaly to date at Thorny River project 1

Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Thorny River property in South Africa has led to the discovery of the largest anomaly to date on the project, consistent with a kimberlite pipe of 25 m in diameter. A detailed drilling programme is planned for July to August, during the country’s dry season. “The discovery of our largest anomaly to date is an important development for Thorny River as this could add significant additional kimberlite tonnage to the developing mine plan,” chairperson John Teeling says. As a result of a… Read More Here

DRC: here are the production figures in the primary sector in 2020 (BCC report)

March 24, 2022March 24, 2022 admin

The Central Bank of Congo published its annual report for the 2020 financial year this week. This document presents the quintessence of the economic activity of the country and the financial and administrative situation of the Bank as a company. DESKECO relays here the production figures in the primary sector. Indeed, according to the data in this report, in 2020, economic activity in the primary sector grew by 7.1% against 1.7% in 2019. Its contribution to growth was 3.1 points coming from 0.8 points the previous year. This change is mainly due… Read More Here

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Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

March 22, 2022March 22, 2022 admin

Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market, according to Zimbabwe Consolidated Diamond Co CEO Mark Mabhudhu. “It may end up creating the supply gap that may drive demand for our product, as well as that of other players,” he said in an interview Monday. “However, we don’t wish… Read More Here

Diamond International

New Debmarine Namibia diamond recovery vessel sets world record

March 19, 2022March 19, 2022 admin

The World Record Academy has stated that Debmarine Namibia’s latest diamond recovery vessel, Additional Mining Vessel 3 (AMV3), has set a new world record for the largest diamond recovery vessel. The 177m diamond recovery vessel AMV3 was built at Damen Shipyards Mangalia in Romania for Debmarine Namibia, a 50/50 joint venture between the De Beers Group and the government of Namibia, at a cost of approximately US$470 million. It is the first vessel to be delivered by Damen Shipyards Mangalia, marking the end of the shipbuilding phase of the project… Read More Here

Diamond International

De Beers reassures market its diamonds do not come from Russia

March 15, 2022March 15, 2022 admin

Diamond major De Beers is encouraging retailers to “buy with confidence” by engaging with their suppliers to understand the origin of their diamonds, following an executive order by US President Joe Biden banning the importation of Russia-sourced diamonds into the US. Biden made the move as part of a broad package of sanctions against Russia, its State entities and political backers as a result of Russian President Vladimir Putin’s decision to invade Ukraine in February. Many nations have implemented a myriad of sanctions on Russian commodities and products, including oil and gas. According to business data platform Statista, Russia had… Read More Here

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De Beers achieves solid revenues in second sales cycle of the year

March 9, 2022March 9, 2022 admin

Diamond miner De Beers has earned revenue of $650-million from its second sales cycle this year. This follows the $660-million in revenue earned in the first cycle of the year and is an improvement on the $550-million of revenue earned in the second sales cycle of 2021. De Beers says it continues to implement a flexible approach to its global sightholder sales and auctions owing to restrictions on the movement of people and products in various jurisdictions around the world. Commenting on demand, CEO Bruce Cleaver says the second sales cycle of… Read More Here

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Surging diamond demand helps Botswana trader post record sales

February 22, 2022February 22, 2022 admin

Botswana’s State-run diamond trader reported record revenue last year with sales surging almost five fold after imports from the US recovered from a Covid-19 induced slowdown. Okavango Diamond Company sold $963-million of rough diamonds last year, said Dennis Tlaang, a company spokesman. The revenue was the most since the company began operations in 2012, he said. “The demand for natural rough diamonds remained strong throughout 2021 driven primarily by positive market sentiment in key markets such as the United States,” Tlaang said. Sales may rise further this year after De Beers,… Read More Here

DRC: with a production of 78.2 million carats, diamond exports generated 1.077 billion USD between 2015 and 2019

January 28, 2022January 28, 2022 admin

For the period between 2015 and 2019, the Democratic Republic of Congo (DRC) produced more than 78,216,600.47 million carats of diamonds. As indicated in the statistical yearbook of the Ministry of Mines, this production generated more than 1,017,877,825.81 billion US dollars. According to these data from the statistical directory, this production estimated at 78.2 million carats is distributed as follows: • In 2015, diamond production stood at 15,753,487.33 million carats, for an export of approximately 15,789,209.09 million carats for revenue of US$231,078,056.83 million. This production will experience a slight decrease… Read More Here

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De Beers makes diamond buyers cough up cash with fresh price rise

January 18, 2022January 18, 2022 admin

De Beers has implemented its biggest price increase for diamonds in years as the industry consolidates its recovery from the first pandemic-induced shutdowns. The Anglo American unit hiked prices by about 8% at its first sale of the year, according to Bloomberg. The sharpest increases of up to 20% were for smaller, cheaper stones. The changes at the January sight, which runs from Monday to Friday this week, reflected buoyant polished sales during the recent US festive period, as well as a hot rough market. The company increased the price of… Read More Here

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Botswana Diamonds shares shoot up on Thorny River potential

January 14, 2022January 14, 2022 admin

Shares in Botswana Diamonds soared on Wednesday after the company revealed that its Thorny River project in South Africa was likely to hold kimberlite volumes “considerably better than expected.” The stock rose as much as 19%, reaching 1.1p each in early morning trade, and, while it lost some of the gains, it was still trading almost 11% at 1.02p by mid-afternoon. That put the company market capitalization at £8.71 million (almost $12m). Botswana Diamonds said that following a preliminary assessment of Thorny River’s kimberlite potential, it estimated the asset hosts about 2… Read More Here