Category: Diamond

Diamond miner Lucapa has reported a 35% increase in the resource carats at its Lulo diamond mine, in Angola. The company said on Tuesday that the project is now estimated to host some 135 900 ct at a modeled average diamond value of $1 440/ct. This was up from the previous estimation of 100 700 ct at a modeled value of $1 620/ct.A The updated resource accounted for mining depletion to the end of December 2020, during which time some 23 600 ct of diamonds were recovered, as well as… Read More Here

Botswana Diamonds (LON:BOD) said on Monday it had recovered 11 diamonds and “abundant” kimberlitic indicators from drill samples at its Thorny River project in South Africa’s Limpopo province. The diamond explorer said that following a “detailed” ground geophysical program carried out in October, six reverse circulation holes were drilled into the newly-discovered River Kimberlite pipe. “The recovery of so many kimberlitic indicators and in particular diamonds, which are very rare to recover in small sample narrow reverse circulation drill holes is highly encouraging and bodes well for the potential commerciality of this… Read More Here

Angola plans to boost diamond mining and open a new large mine in the east, aiming to produce 5.7 million carats there in 2023, or more than half of its total output last year, Mineral Resources and Petroleum minister Diamantino Azevedo said. In an interview with Reuters, he also said the state-owned diamond company Endiama had been “instructed to negotiate with the biggest companies in the mining world to invest in the diamond subsector” in other projects, without specifying. Asked if Angola was negotiating specifically with diamond majors De Beers Group and Rio Tinto… Read More Here

Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and the Botswana government, Debswana cut production by 29% to 16.6-million carats in 2020 as the Covid-19 pandemic hurt demand and global travel restrictions affected trading. Debswana produces almost all of the southern African nation’s diamonds. Botswana closed its borders for eight months last… Read More Here

The outgoing Minister of Mines Willy KITOBO SAMSONI discussed this Tuesday, February 23, 2021 with a Korean delegation from the company Solar City led by its CEO. On the menu of this interview, the investment projects in Congo proposed by the Solar City Company and see how these projects can directly and indirectly support the development of the DRC mining sector. According to his cabinet which announced it, it is about: – the production of solar energy plants; – expansion of road and rail infrastructure to facilitate the movement of the… Read More Here

De Beers lifted diamond prices at its third consecutive sale as an industry wide recovery from the coronavirus pandemic gathers pace. The world’s biggest diamond producer raised prices by about 4% at its second sale of the year, according to people familiar with the situation who asked not to be identified because the information is private. A spokesman for De Beers declined to comment. Diamond prices are rebounding after the pandemic brought the industry to an almost complete standstill in the first half of last year. Strong holiday sales in… Read More Here

Lucapa Diamond Company and its partners have announced the results of the second diamond sale of 2021 by Sociedade Mineira Do Lulo (SML) from its Lulo alluvial mine in Angola. The rough diamond parcel of 1,040 carats was sold for a total of US$3.7 million or US$3,525 million per carat. Lucapa MD, Stephen Wetherall comments: “This is our third run of mine rough parcel sold this calendar year from our two mines and we continue to see good prices for our premium production.” Aggregated sales from Lulo and Mothae (on… Read More Here