Diamond - Copperbelt Katanga Mining

Anglo American says De Beers' diamond sales exceed pre-pandemic levels 1

Miner Anglo American said on Wednesday its diamond unit recorded higher sales in the first cycle of 2021, boosted by robust demand ahead of the Chinese New Year and Valentine’s Day. The upbeat report comes at a time when the diamond industry has been struggling with falling sales and prices as the COVID-19 pandemic hammered demand and the ensuing lockdowns prevented buyers from travelling to auction sites. “While risks to recovery as a result of ongoing restrictions on the movement of both people and goods persist, we have been encouraged… Read More Here

Diamond

Lucapa’s Lulo diamonds fetch US$5.9 million

February 2, 2021February 2, 2021 admin

Lucapa Diamond Company and its partners have announced the results of the first diamond sale of 2021 by Sociedade Mineria Do Lulo (SML) from its Lulo alluvial mine in Angola. The rough diamond parcel of 4,273 carats was sold for a total of US$5.9 million (A$7.7 million) or US$1,375 (A$1,793) per carat. Lucapa MD, Stephen Wetherall comments: “As with the first sale of Mothae diamonds in 2021, prices achieved by SML at this sale continued to reflect the positive industry mood, and with sales from both operations in 2021 already… Read More Here

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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

Diamond

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

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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