Diamond - Copperbelt Katanga Mining

Botswana, De Beers extend sales agreement to June 2023

June 29, 2022June 29, 2022 admin

The Botswana government and diamond miner De Beers Group have extended their existing agreement for the sale of Debswana’s rough diamond production by 12 months until June 30, 2023. Following further positive progress towards a new agreement being made in the first half of this year, the two parties have agreed to the one-year extension to enable the finalisation of the ongoing discussions, De Beers said in a statement on June 29. Debswana is jointly owned by De Beers and the Botswana government and operates four mines – Jwaneng, Damtshaa, Letlhakane and Orapa. The operations produced… Read More Here

Diamond International

De Beers rises small diamonds price amid shortage

June 8, 2022June 8, 2022 admin

De Beers, the world’s top diamond producer by value, has once again increased the price of its smaller stones as sanctions on Alrosa (MCX: ALRS), its Russian rival, have worsened a global shortage caused by two years of covid-related shutdowns. The Anglo American unit had hiked prices by about 8% at its first sale this year, with the sharpest increases of up to 20% affecting small-scale roughs, as demand reached pre-pandemic levels. Prices for these diamonds, which usually end up clustered around the solitaire stone in a ring, have soared since early April, when Alrosa was targeted by… Read More Here

Diamond Mining in DRC

DRC: towards the development of the Grand Kasaï diamond

June 1, 2022June 1, 2022 admin1 Comment

The Congolese Minister of Mines, Antoinette N’Samba Kalambayi, met on Monday May 30, 2022 with a delegation from the Antwerp World Diamond Center. During this interview, the two parties discussed the certification of diamonds from the province of Kasaï in the Democratic Republic of Congo (DRC). Antwerp World Diamond Center is a public-private company which officially represents and coordinates the Antwerp diamond sector and which should invest in the diamond sector in Kasaï. According to the sources of the Ministry of Mines, this delegation from Antwerp World Diamond Center also… Read More Here

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Angolan Diamonds back on track

May 21, 2022May 21, 2022 admin1 Comment

Angolan diamonds sparkle again as reforms put production back on track: Six hundred miles east of the Angolan capital Luanda is a small city named Saurimo, whose primary industry has traditionally been agriculture. So, visitors might be surprised to come across a sprawling new development of large buildings, a power station and empty plots of land awaiting new construction on its outskirts. The $77m Saurimo Diamond Development Hub, built on the road toward the large Catoca diamond mine, was inaugurated by President JoãoLourenço last August. It represents the southern African country’s efforts to shake off its troubled past… Read More Here

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Botswana Diamonds discovers largest anomaly to date at Thorny River project

May 4, 2022May 4, 2022 admin1 Comment

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

Cobalt Copper Diamond Mining in DRC Zinc

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