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Zimbabwe uses platinum to pay back $400m Afreximbank debt
4th December 2023 By: Bloomberg

Zimbabwe is using the proceeds of its platinum exports to settle a $400-million loan from the African Export-Import Bank as the indebted nation turns to its mineral wealth to open lines of credit.... 


The Karowe processing plant
Lucara sets lower 2024 production guidance, appoints CFO
29th November 2023 By: Creamer Media Reporter

Diamond miner Lucara Diamond Corp, which has appointed Glenn Kondo CFO and corporate secretary, with effect from January 1, expects to mine between 3.6-million and 4.6-million tonnes and recover... 


A person holding a rough diamond
Angola's new diamond mine opens against backdrop of weak demand
28th November 2023 By: Reuters

Angola has officially started diamond mining at its new Luele project, the biggest in the country and one of the world's largest by estimated resources, it said on Monday, at a time when global... 


Botswana Diamonds to raise £380 000 through share placement
27th November 2023 By: Darren Parker

Aim-listed Botswana Diamonds has undertaken a share placement and subscription with existing and new investors to raise £380 000 through the issue of 76-million new ordinary shares of £0.0025 each... 


NextSource appoints interim COO
27th November 2023 By: Creamer Media Reporter

Battery metals development company NextSource Materials, which is developing the Molo graphite project, in Madagascar, has appointed Johnny Velloza as interim COO as successor to Robin Borley, who... 


Lack of skills should not become a constraint for mining sector recovery – Mvalo
24th November 2023 By: Darren Parker

Department of Higher Education and Training deputy director-general Zukile Mvalo has stressed the importance of ensuring that a lack of skills does not become a constraint for the recovery and... 


National head for the Directorate for Priority Crime Investigation (Hawks) Lieutenant Godfrey Lebeya
Hawks head calls for resources to help investigate over 19 000 cases, affirms support for NPA
23rd November 2023 By: Lumkile Nkomfe

The national head of the Directorate for Priority Crime Investigation (Hawks), Lieutenant General Godfrey Lebeya, has expressed his confidence in the National Prosecuting Authority to take cases to... 


Kremlin, facing diamond ban, says EU sanctions have 'boomerang effect'
20th November 2023 By: Reuters

The Kremlin, facing the prospect of a European Union ban on imports of Russian diamonds, said on Monday that EU sanctions tended to have a "boomerang effect" on those who applied them. Kremlin... 


Liberia's President-elect Boakai to review mining concessions
20th November 2023 By: Reuters

Liberian President-elect Joseph Boakai, who defeated President George Weah in the November 14 Presidential runoff, says his administration will take a close look at mining concessions to ensure... 


WDC praises establishment of permanent Kimberley Process secretariat in Botswana
16th November 2023 By: Darren Parker

World Diamond Council (WDC) president Feriel Zerouki has said the finalisation of arrangements for the establishment of a permanent Kimberley Process (KP) secretariat in Gaborone, Botswana, in... 


The Letšeng mine
Gem, MMIC agree to terminate Letšeng load and haul contract
15th November 2023 By: Creamer Media Reporter

London-listed Gem Diamonds has reached agreement with Matekane Mining Investment Company (MMIC) to terminate MMIC's load and haul contract at the Letšeng mine, in Lesotho, with effect from December... 


Russia: World market can't make up for sanctions on supply of Russian diamonds
Russia: World market can't make up for sanctions on supply of Russian diamonds
14th November 2023 By: Reuters

Deputy Finance Minister Alexei Moiseev said on Tuesday the world diamond market had no way of making up for the loss of Russian diamonds owing to Western sanctions. "An artificial restriction of... 


De Beers CEO Al Cook
De Beers will stockpile unsold diamonds after prices tumble
13th November 2023 By: Bloomberg

De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase all the stones they’re contracted to buy.... 


Petra appoints interim chair
13th November 2023 By: Creamer Media Reporter

Diamond miner Petra Diamonds has named senior independent director Varda Shine as interim chairperson. She will succeed Peter Hill, who has informed the company that he will not offer himself for... 


UAE to address geopolitical gridlocks in year of chairing KP
13th November 2023 By: Marleny Arnoldi

In its second undertaking as the chair of the Kimberley Process (KP), the United Arab Emirates (UAE) has vowed to advance a number of crucial initiatives through to fruition. The KP is a United... 


The Karowe underground mine
Lucara lowers full-year cost guidance, but also warns of lower revenue, production
13th November 2023 By: Marleny Arnoldi

Dual-listed Lucara Diamond Corporation achieved an operating cash cost of $28.62/t of ore processed for the quarter ended September 30, which is well below the expected yearly range of between... 


A cut and polished diamond
The diamond world takes radical steps to stop a pricing plunge
13th November 2023 By: Bloomberg

When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De... 


WDC focused on furthering Kimberley Process
10th November 2023 By: Tasneem Bulbulia

Industry organisation the World Diamond Council (WDC) is “determined” to drive forward the ambition of the Kimberly Process (KP), which aims to foster peace, security and benefit all diamond... 


A manganese mining operation in South Africa
South Africa's mining production down 1.9% y/y, mineral sales down 20.2% y/y in Sept
9th November 2023 By: Creamer Media Reporter

South Africa's mining production decreased by 1.9% year-on-year in September, with diamonds, 'other' metallic minerals and manganese ore having made the largest negative contributions. Diamond... 


A 235 ct diamond recovered at the Lulo mine
Lulo delivers its second-largest diamond
8th November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have recovered a 235 ct diamond at their Lulo mine, in Angola. Not only is it the second-largest diamond to be... 


Rough diamonds produced by De Beers
De Beers' rough diamond sales plummet to $80m in ninth cycle of this year
8th November 2023 By: Creamer Media Reporter

The value of rough diamonds sold by De Beers during its ninth sales cycle for this year reached only $80-million, compared with the $200-million sold in the eighth sales cycle. Sales were also... 


In diamond centre Antwerp, Russian gems are already shunned
3rd November 2023 By: Reuters

Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris asking him to stop supplying them... 


UNDER 60 SECONDS
Multotec’s flame-resistant rubber screen panels self-extinguish in under 60 seconds
Flame-resistant screen media innovation sparks safer mining
3rd November 2023 By: Simone Liedtke

Hot work on screen decks during plant maintenance poses a significant risk, as fires in mining not only endanger lives, but also lead to substantial downtime and financial losses. In response to... 


Gibb River reports maiden resource for Ellendale stockpiles
1st November 2023 By: Creamer Media Reporter

Australian junior Gibb River Diamonds has hailed the release of a maiden inferred resource for its E9 Main Lights stockpile as a significant milestone that provides evidence of the potential for... 


The Letšeng mine is renowned for its production of large, top colour, exceptional white diamonds
Gem's third-quarter output rises, but sales fall on market challenges
1st November 2023 By: Creamer Media Reporter

London-listed Gem Diamonds achieved an 18% quarter-on-quarter increase in production for the quarter ended September 30, with 26 913 ct recovered. The company, which owns and operates the Letšeng... 


The Cullinan diamond mine
Petra defers some capital programmes to mitigate against market weakness
1st November 2023 By: Creamer Media Reporter

London-listed Petra Diamonds, which owns and operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, is taking steps to provide further... 


A 208 ct diamonds recovered at the Lulo mine
Lulo mine delivers its third-largest diamond, weighing 208 ct
1st November 2023 By: Creamer Media Reporter

ASX-listed Lucapa Diamond Company has announced the recovery of a 208 ct Type IIa diamond from the Lulo alluvial mining operations, in Angola. The diamond is the third-largest to be recovered from... 


Haul trucks at one of Debswana's mines
Botswana's Debswana rough diamond sales down 21% on weak demand
31st October 2023 By: Reuters

Sales of rough diamonds at Debswana Diamond Company fell 21% in the nine months up to September, Botswana's central bank data on Tuesday showed, as demand for gems slowed amid global economic... 


The Ekati diamond mine
Ekati diamonds remain highly valued, says Burgundy
31st October 2023 By: Mariaan Webb

Despite a softer market for rough diamonds, product from the Ekati mine, in Canada, continue to generate strong buyer interest and high sell-through rates, new owner Burgundy Diamond Mines... 


A diamond mine operated by Alrosa
G7 plan to ban Russian diamonds to further dim industry sparkle
31st October 2023 By: Reuters

The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of... 


Overall winner in the professional category: “Khalifah” neckpiece by Lungile Xhwantini from The Platinum Incubator
PlatAfrica honours best platinum jewellery designs
30th October 2023 By: Darren Parker

The winners of the twenty-fourth yearly PlatAfrica Jewellery Design and Manufacturing Competition were announced during a gala awards ceremony held in Melrose, Johannesburg, on October 27.   Hosted... 


South African economy to slow down this year before stabilising in 2024
30th October 2023 By: Darren Parker

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 


Stornoway suspends operations at Renard diamond mine
Stornoway suspends operations at Renard diamond mine
27th October 2023 By: Creamer Media Reporter

Canadian diamond miner Stornoway on Friday announced the suspension of operations at its Renard mine, in Quebec, and said it had started a process of restructuring. The company explained that the... 


Petra CEO Richard Duffy
Petra's first-quarter output up 12% y/y
24th October 2023 By: Creamer Media Reporter

Stabilising operations at its Cullinan and Finsch mines, in South Africa, and the resumption of production at the Williamson mine, in Tanzania, led to a 12% quarter-on-quarter increase in Petra... 


Zimbabwe’s biggest diamond miner shifts sales to Dubai auctions
20th October 2023 By: Bloomberg

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned... 


The Mothae mine in Lesotho
Lucapa maintains full-year guidance, despite market challenges
20th October 2023 By: Creamer Media Reporter

ASX-listed diamond miner and explorer with assets in Africa and Australia Lucapa Diamond Company has maintained its production guidance for its Lulo and Mothae mines for the full-year. Reporting on... 


An image of the Karowe openpit
Karowe mine, Botswana
20th October 2023 By: Nadine James

A diamond mine in north-central Botswana. 


De Beers CEO Al Cook
De Beers voices support of G7 ban on Russian diamonds
19th October 2023 By: Darren Parker

In an open letter to the Group of Seven (G7) countries, diamond producer De Beers has stated that it fully and unequivocally supports the objectives of the G7 countries to prohibit diamonds of... 


University of the Witwatersrand School of Geosciences senior lecturer Dr Karen Smit
Ancient diamonds give researchers insight into continental drift
19th October 2023 By: Darren Parker

New insights into the processes of continental evolution and movement during the early stages of complex life on Earth have been revealed by the examination of ancient, superdeep diamonds that were... 


Polished diamonds
G7 to discuss four versions of Russian diamond ban this week – sources
19th October 2023 By: Reuters

G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from January 1, from light-touch self-regulation to strict import measures, laying bare differences that... 


Rio launches exclusive diamond tender
19th October 2023 By: Esmarie Iannucci

PERTH (miningweekly.com) – Major Rio Tinto has launched a new exclusive sales event for some of the diamonds recovered from its Australian and Canadian mines. Known as The Beyond Rare tender, the... 


Petra reports lower revenue in Tender 2 sales on back of market dynamics
17th October 2023 By: Marleny Arnoldi

London-listed Petra Diamonds has announced the full results of its second sales tender for the 2024 financial year, having sold 444 029 ct for $40.5-million in revenue. The second sales tender... 


Lucapa marks successful diamond tender
13th October 2023 By: Esmarie Iannucci

Diamond miner Lucapa Diamond Company has announced revenues of A$15.7-million from the sale of seven exceptional diamonds from its Lulo operation, in Angola. The company sold 534.9 ct by tender,... 


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