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Diamonds

As a proof-of-concept project, Marsfontein is delivering diamond recoveries and values above expectations
Mining of dumps, exploration ongoing at Marsfontein project
13th September 2023 By: Cameron Mackay

Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa,... 


School of Mining in operational surroundings.
New mining school nurturing human capital in anticipation of major upcoming demand
12th September 2023 By: Martin Creamer

Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed... 


Rough diamonds being sorted
HB Antwerp co-founders clash over gem trader's future as Botswana deal looms
12th September 2023 By: Reuters

Diamond processor and trader HB Antwerp said on Monday it had removed one of its three co-founders from management following differences over strategy, a development that comes amid a pending sales... 


Alrosa says mines largest gem-quality diamond in Russia in decade
11th September 2023 By: Reuters

Sanctions-hit Alrosa, the world's biggest diamond producing company, said on Sunday it has mined the largest gem-quality diamond in Russia in the past decade. The 390.7-carat diamond was mined at... 


An image of the NUM logo
De Beers seeking five-year agreement with NUM as union threatens strike action
8th September 2023 By: Tasneem Bulbulia

Diamond miner De Beers Group says its intention is to secure an agreement on a five-year wage deal with trade union the National Union of Mineworkers (NUM). The entities have been in negotiations... 


ICMM CEO Rohitesh Dhawan
ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissions
7th September 2023 By: Creamer Media Reporter

Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to... 


Buffels Marine mining right
De Beers concludes sale of Buffels Marine mining right
5th September 2023 By: Darren Parker

Diamond mining company De Beers has announced the successful sale of the Buffels Marine mining right (BMMR) and associated assets to Kleinzee Holdings, which is a consortium led by partners Melki... 


The Mir mine flooded in 2017, killing eight people. The new mine will replace output from the Mir mine and will be called Mir-Gluboky.
Alrosa starts construction of big new diamond mine
5th September 2023 By: Reuters

Russia's Alrosa, the world's biggest diamond producing company, has started construction of a giant new mine to replace one closed by flooding that killed eight people in 2017, regional authorities... 


Lab-grown diamonds
Lab-grown gems are crashing prices for one key type of diamond
4th September 2023 By: Bloomberg

One of the world’s most popular types of rough diamonds has plunged into a pricing free fall, as a growing number of Americans choose engagement rings made from lab-grown stones instead. Diamond... 


Gem Diamonds swings to $1m loss in H1
31st August 2023 By: Marleny Arnoldi

London-listed Gem Diamonds has posted a loss a share of $0.07 and lower underlying earnings before interest, taxes, depreciation and amortisation of $8.4-million for the six months ended June 30,... 


India asks US to release funds frozen over suspected Russia diamond link - sources
India asks US to release funds frozen over suspected Russia diamond link - sources
30th August 2023 By: Reuters

India has asked the United States to release $26-million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three... 


De Beers CEO Al Cook
De Beers' sightholder sales fall amid lower jewellery demand, midstream trading
30th August 2023 By: Creamer Media Reporter

Diamond miner De Beers' seventh sales cycle of this year generated $370-million – much lower than the $638-million recorded for the seventh sales cycle of 2022. Sales were also lower than the... 


Rough diamonds
Diamond producers adapting to rapidly changing landscape, says BDO
28th August 2023 By: Marleny Arnoldi

The diamond industry has faced multiple challenges leading to a notable shift in its landscape over the last few years, says personal liability company BDO South Africa. Natural resources partner... 


Lucapa swings to first-half profit, now debt free
28th August 2023 By: Tasneem Bulbulia

Diamond miner Lucapa Diamond’s rough diamond revenue for the half year ended June 30 was $46.8-million on a 100% basis at an average price of $1 633 /ct. Lucapa recovers large and high-quality... 


An image of Petra Diamonds' Cullinan mine
Demand at Petra’s first 2024 financial year tender muted, but expected to pick up
25th August 2023 By: Tasneem Bulbulia

London-listed Petra Diamonds sold 696 194 ct of diamonds, recovered from its South African operations, for $79.3-million in the first tender of the company’s 2024 financial year. No exceptional... 


Image of an electric bulldozer at the charging dock
Emissions predicted to increase with EV boom
25th August 2023 By: Bridget Lepere

As electric vehicles (EVs) gain traction, the strain on electricity supply, especially national power grids, will be more, with an increase in the carbon dioxide (CO2) emissions associated with... 


Lucara extends working capital facility
24th August 2023 By: Creamer Media Reporter

Vancouver-headquartered Lucara Diamond has secured a short-term extension of the maturity of its $50-million senior secured working capital facility (WCF). The company says it will defer the... 


The Letšeng mine
Gem maintains full-year diamond recovery guidance, despite lower treated tons
22nd August 2023 By: Creamer Media Reporter

London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, says it will maintain its full-year guidance on carat recoveries and sales, despite lowering its guidance for... 


A 692.3 ct diamond recovered at Karowe
Lucara recovers 692 ct diamond at Karowe
21st August 2023 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has recovered a 692.3 ct white gem-quality diamond at its Karowe mine, in Botswana. The diamond is the fourth diamond weighing more than 300 ct to be... 


Diamond mining firms assisting employees evacuating from Yellowknife
Diamond mining firms assisting employees evacuating from Yellowknife
18th August 2023 By: Creamer Media Reporter

While diamond mining operations in Canada’s Northwest Territories are unaffected by the wildfires scorching the region, De Beers and Burgundy Diamond Mines say they are assisting their employees... 


Rio commits funding to Canadian wildfire response
18th August 2023 By: Esmarie Iannucci

Mining major Rio Tinto has donated C$250 000 to the United Way Northwest Territories (UWNWT) to support with wildfire response efforts in Canada’s Northwest Territories. Canada is facing one of... 


Ekati safe from Canadian fires - Burgundy
18th August 2023 By: Esmarie Iannucci

Diamond miner Burgundy Diamond Mines on Friday said that its Ekati diamond mine, in Canada’s Northwest Territories, remained unaffected by wildfires. Canada is facing one of its worst-ever fire... 


The Karowe underground expansion project
Lucara to reappoint Lamb as CEO
15th August 2023 By: Marleny Arnoldi

Canadian-headquartered Lucara Diamond Corporation has announced plans to reappoint William Lamb president and CEO of the company, as well as director, succeeding Eira Thomas. Lamb brings to the... 


A De Beers sign on a building
Former Anglo, De Beers chair Julian Ogilvie Thompson dies in Joburg
15th August 2023 By: News24Wire

Julian Ogilvie Thompson, former chairperson of De Beers and Anglo American, has died at age 89 in Johannesburg. This followed a period of declining health, according to a family death announcement... 


Alrosa says H1 net profit down 35%
14th August 2023 By: Reuters

Russian diamond producer Alrosa on Monday reported a first-half net profit of 55.6-billion roubles ($551-million), down 35% from 85.3-billion a year earlier. The company said its revenue in the... 


Image shows the Diavik operation
Rio to build Canada's largest solar farm
11th August 2023 By: Esmarie Iannucci

Mining major Rio Tinto has announced plans to build Canada’s largest solar plant at its Diavik diamond mine. The solar plant will feature over 6 600 solar panels that will generate approximately 4... 


Lucara's latest 1 080 Type IIa diamond recovered at Karowe mine
Lucara posts higher output, recovers fourth diamond weighing more than 1 000 ct at Karowe
10th August 2023 By: Marleny Arnoldi

TSX-listed Lucara Diamond Corp has recovered a 1 080 ct Type IIa diamond at its Karowe mine, in Botswana – the fourth diamond weighing more than 1 000 ct to be recovered at the mine since 2015.... 


Grizzly Mining chairperson Abdoulaye Ndiaye
Grizzly’s emerald auction generates record sales
10th August 2023 By: Cameron Mackay

Emerald producer Grizzly Mining says the company’s latest emerald auction, which was held in Dubai earlier in August, generated record sales of $48.63-million. The auction saw the company offer its... 


The addition of the second plant will triple MRM’s processing capacity from the existing 200 t/h to 600 tonnes p/h
Gemfields to triple processing capacity at Moz ruby mine
7th August 2023 By: Cameron Mackay

Gemstone miner Gemfields’ 75%-owned Montepuez Ruby Mining (MRM) subsdiary has entered into a legally binding contract with specialist engineering group Consulmet to build an additional processing... 


De Beers diamond sorting
Botswana plans extra diamond sales route after De Beers deal
4th August 2023 By: Reuters

Botswana's state diamond company is planning to diversify how it sells precious stones to the market as it gears up to receive far more supply under a multi-year deal the country struck with... 


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pqt: 0.288s - ct: 0.368s - 329pq - 2rq
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