Diamond - Copperbelt Katanga Mining

Botswana Diamonds to raise £363 000 for exploration

January 22, 2021January 22, 2021 admin

Botswana Diamonds, a publicly traded company, has made a company arranged placement with existing and new investors to raise £ 363,000 through the issue of 60.5 million new common shares. This includes a cash subscription from certain Directors. The funds raised will be used to finance ongoing exploration activities in Botswana and South Africa this year, as well as for working capital. Read More Here

Diamond Mining in DRC

DRC: MIBA produced 40,000 carats of diamonds from September 2020 to January 2021

January 20, 2021January 20, 2021 admin

The Principal Advisor to the Head of State, Abbot Théo Tshilumba Kabeya, told the ACP that the production of the Bakwanga Mining Company (MIBA), a state portfolio company based in Mbuji-Mayi, -location of the province of Kasai Oriental, amounts for the period from September 2020 to these days, to more than 40,000 (forty thousand) carats of diamonds. He said so after his meeting with the provincial governor, Jean Maweja, at the end of his working stay in the said province. “This performance is the result of a financial endowment of… Read More Here

Diamond Mining Companies

Barrick’s Bristow to buy diamond miner

January 19, 2021January 19, 2021 admin

Barrick Gold’s (TSX: ABX), (NYSE: GOLD) president and chief executive officer Mark Bristow will add South Africa’s Rockwell Diamonds (OTCMKTS: RDIAF) to his personal portfolio if the beleaguered miner agrees to delist and be taken private. The deal would see Rockwell merging with Bristow’s wholly-owned 1274787 BC, a Canada, British Columbia-based diamond company better known as Britsco. Shares in the South African miner, except those held by Bristow and any dissenting shareholders, would then be exchanged for redeemable preferred shares in the amalgamated corporation at C$5 cents per share in cash. Bristow,… Read More Here

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De Beers raises diamond prices most in years

January 19, 2021January 19, 2021 admin

De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. The world’s biggest diamond producer raised prices by about 5% at its first sale of the year, according to people familiar with the situation who asked not to be identified because the information is private. The increases mostly applied to stones bigger than 1 ct, the people said. The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the… Read More Here

Diamond

Lucara kicks off 2021 with 341-carat white diamond find

January 15, 2021January 15, 2021 admin

Canada’s Lucara Diamond (TSX: LUC) has found an unbroken 341-carat white gem-quality rock at its prolific Karowe mine in Botswana, with analysts estimating it could fetch more than $10 million. The Vancouver-based miner said the diamond was recovered over the Christmas period from milling of ore coming from the south western quadrant of Karowe’s South Lobe. The diamond is the 54th stone over 200 carats recovered at Karowe since it began commercial operations in 2012. The find builds on previous historic recoveries which include the 342-carat Queen of the Kalahari, the 549-carat Sethunya, the 1,109-carat… Read More Here

Diamond

Lucapa recovers its first +100 carat diamond for 2021

January 4, 2021January 4, 2021 admin

ASX-listed Lucapa Diamond Company and its partners have recovered a 113 carat diamond from its Lulo alluvial mine in Angola. This is the 17th +100 carat white diamond recovered by Sociedade Mineria Do Lulo (SML) from Lulo. The 113 carat gem-quality white stone is the 1st +100 ct diamond recovered from Mining Block 46, immediately downstream of the Canguige river. It is particularly significant, as it shows that these large and high-value diamonds continue to occur right up to the current focus area of our kimberlite exploration program. This recovery… Read More Here

Diamond

BlueRock Diamonds’ Kareevlei upgrade ‘near completion’

December 23, 2020December 23, 2020 admin

UK-based BlueRock Diamonds said a planned expansion of processing facilities at its Kareevlei Diamond project in South Africa, which aims to raise capacity by 75%, will be complete early next year. The crushing circuit at the mine, located in the country’s Kimberley region, will be completed by the end of 2020 and the expansion commissioned in early January 2021, said the company. The expansion will help rise processing guidance for the first quarter to 130,000 tonnes, a 75% increase on the first quarter last year of 74,000 tonnes. BlueRock executive chairman, Mike Houston… Read More Here

Diamond Covid-19

De Beers extends 10-yr Botswana sales deal on coronavirus delays

December 15, 2020December 15, 2020 admin

LONDON – Diamond miner De Beers said on Tuesday it had extended a ten-year sales agreement with Botswana by a year due to logistical challenges caused by the coronavirus pandemic, allowing the two sides more time to negotiate. The Anglo American unit, which is 15% owned by the government of Botswana, saw sales plummet during the peak of the pandemic, forcing it to restructure its business. The 2011 rough diamond sales agreement, in which the jointly-owned Debswana sells all its output to De Beers, was originally due to expire at… Read More Here

Diamond Mining technology

De Beers taps Sandvik expertise for Venetia underground diamond mine transition

December 14, 2020December 14, 2020 admin

De Beers Group has ordered 19 units of high-tech equipment from Sandvik Mining and Rock Technology for its Venetia Underground Project (VUP), in South Africa. According to Simon Andrews, Managing Director at Sandvik Mining and Rock Technology Southern Africa, the company will supply a range of intelligent equipment including LHDs, ADTs, twin-boom drill rigs, roof bolters and cable bolters. Amongst the advanced models are the 17 t LH517i and 21 t LH621i LHDs, 51 t TH551i ADTs, DD422i face drills, DS412i roof bolters and DS422i cable bolters. Partnership will be… Read More Here

Diamond

Lucapa finds another +100ct diamond at Lesotho mine

December 11, 2020December 11, 2020 admin

Australia’s Lucapa Diamond (ASX:LOM) said on Thursday it had recovered a 101-carat white diamond from its 70%-owned Mothae mine in Lesotho, Africa. The company said the recovery of the D-colour, Type IIa white diamond was yet a further reinforcement of the quality and capacity of the asset. With the find, diamonds over 100 carats unearthed at the southern lobe of the mine totalled four. THE MOTHAE MINE TURNED OUT TO HOLD 280% MORE RESOURCES THAN ORIGINALLY ESTIMATED “The recovery of this exceptional 101 carat diamond brings a positive end to 2020 for Mothae and… Read More Here