Diamond - Copperbelt Katanga Mining

Last quarter of 2020 saw recovery in polished diamond prices – report 1

Diamond price movements from October to December 2020 provide “reasons for optimism,” a new analysis by fintech company UNI states. According to the firm, retail demand trended positively, having first been propped up by an uptick in consumer optimism with the relaxation in covid-related flight restrictions during the third quarter, and then the holiday season demand. In UNI’s view, these two events helped stabilize and ultimately improve average prices for diamonds. However, the work of diamond miners also played a role. PRUDENT UPSTREAM STRATEGIES BY DE BEERS AND ALROSA HELPED MITIGATE STRESS… Read More Here

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Diamonds from Lucapa’s Lulo sell for US$3.7 million

February 25, 2021February 25, 2021 admin

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

Diamond

Record-setting stone recovered at Mothae

February 24, 2021February 24, 2021 admin

Lucapa Diamond Company and the Government of Lesotho have announced the recovery of a 215 carat diamond from the Mothae kimberlite mine in Lesotho. The 215 carat stone is the largest Type IIa D-colour white diamond, the second +200 carat diamond and the fifth +100 carat diamond recovered through the 1.1 Mtpa Mothae plant since commercial diamond mining operations began in 2019. This 215 carat diamond follows the recovery of an exceptional 101 carat diamond in December 20201. Lucapa and the GoL aim to further increase the frequency in recovery… Read More Here

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Botswana Diamonds signs strategic agreement

February 16, 2021February 16, 2021 admin

Botswana Diamonds (BOD) has entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana (DESB). Diamexstrat Botswana, in turn has an alliance agreement with Burgundy Diamond Mines. Botswana Diamonds (BOD)’s prospecting assets comprise the recently acquired Sekaka Diamonds Exploration database and Prospecting Licenses, as well as the Prospecting Licences held by BOD’s subsidiary, Sunland Minerals. James Campbell, BOD MD, comments: “I am delighted to partner with Diamexstrat to progress our extensive and highly prospective exploration assets in Botswana which comprises Sekaka Diamonds… Read More Here

Diamond International

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

February 3, 2021February 3, 2021 admin

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