Rio Tinto has ended speculation about a potential move to acquire Dominion Diamond Mines' 40% share in the Diavik mine in Canada's Northwest Territories, which would give the global miner full control of the mine in which it currently owns a 60% stake. According to a May 28 court filing, Rio "does not seek to bid" on Dominion's stake, nor does it intend to acquire Dominion's Ekati mine.
Newfield Resources is on track to produce the first diamonds from its Tongo diamond mine in Sierra Leone in the fourth quarter of this year, the company announced last week in a press release. Newfield Executive Director, Karl Smithson, said the ASX-listed company is ready to commence the drilling and blasting of the underground decline.
BlueRock Diamonds, an AIM-listed company that operates the Kareevlei Diamond mine near Kimberley in South Africa, has raised £1.9 million ($2.45 million) which will "primarily" be used to fast-track a doubling of production at Kareevlei and to reduce unit costs significantly, the company reported on Tuesday. The junior miner raised the funds by means of an oversubscribed placing and subscription of 2,235,289 new ordinary shares of 5 pence each in the Company (the “Placing Shares”) at a price of 85 pence per Placing Share.
The former Ellendale diamond mine area in the West Kimberley region of Australia is heading towards a new lease of life, as Mines and Petroleum Minister Bill Johnston has announced that Gibb River Diamonds has accepted his offer to apply for a new lease to mine at Ellendale and has invited India Bore Diamond Holdings to apply for other tenements at the site.
The Bunder Diamond Mine, located in Chhattarpur district of Madhya Pradesh, India, has been sold to Essel Mining, a company owned by the Aditya Birla Group, which will acquire mining rights with a 50-year government lease. The Bunder mine is estimated to have reserves of about 34 million carats.
Russian diamond miner Alrosa said on Wednesday that it planned to start trial mining at a new section of its Luaxe deposit in Angola by mid-2020. Luaxe is Angola's newest and largest diamond deposit, as well as one of the few major diamond mines to be developed in the past decade.
Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer, has recovered its first diamonds from plant commissioning activities on the Marsfontein Mining Permit. These come from the diamond-bearing gravels and residual unprocessed stockpiles surrounding the Marsfontein Mine in South Africa. Essentially, BOD is mining the forgotten leftovers of a once-legendary small mine and stand to make it pay off.
Mid-tier miner Petra Diamonds recently launched an Artisanal Small Scale Mining (ASM) initiative in the Free State town of Koffiefontein in South Africa to give community members the ability to conduct legal and regulated ASM activities.
Botswana Diamonds (BOD), together with its associate Vutomi (BOD interest 40%), has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm. It also allows for the continued contractual bulk sampling on the Thorny River project, according to a press release.
Alrosa's Supervisory Board has voted to liquidate a subsidiary that controls two of its largest mines in a move to consolidate its core assets with the aim of improving their management efficiency. The Russian miner owns a 97.49% stake in Alrosa-Nyurba, with the remaining 2.51% of shares in the hands of minority shareholders. Presuming the liquidation goes through, those assets will be incorporated into Alrosa.
Botswana Diamonds (BOD), the AIM- and BSE-listed diamond miner that holds exploration licences in Botswana and South Africa and a JV in Zimbabwe announced that its associate Vutomi (BOD interest 40%) has been granted environmental authorisation over a substantial portion of the residual diamond-bearing gravels produced from the very high grade Marsfontein mine in South Africa, which is contiguous to their Thorny River operation. In a statement on Thursday, Botswana Diamonds highlighted that this authorisation was a critical step towards obtaining a mining permit, which it expected to receiv
London-based BlueRock Diamonds, which operates and owns 74% of the Kareevlei mine based in Kimberley, South Africa, increased its production and revenue during H1 2019 as compared to a year ago, reducing its H1 losses to GBP 381,027 ($458,064) from GBP 1.3 million ($1.6 million) a year ago. BlueRock points to April 2019 as the turning point, when the company installed a new operational management team and changed its mining plan.
Botswana Diamonds, the AIM and BSE listed diamond explorer that holds exploration licences in Botswana and South Africa and a JV in Zimbabwe has identified what is believed to be five kimberlite pipes buried at shallow depth on the Company's Thorny River ground in South Africa, the company announced. They say the targets identified are very similar to the pipe that constituted De Beers high-grade and famous Marsfontein mine*, meaning it would be a potential significant diamond discovery.
Alrosa, the world's largest diamond mining operation, and Zimbabwe's national diamond miner Zimbabwe Consolidated Diamond Company (ZCDC) have signed a joint venture agreement to develop diamond deposits in Zimbabwe. The Russian miner made certain to emphasize that its developmental work and any future mining activities would not take place in the troubled Marange region: "We would also like to note once again that ALROSA does not plan operations in Marange."
Newfield Resources has received the green light to commence development of the Tongo Kimberlite Project (Tongo) in Sierra Leone, which will become the world's newest diamond mine which is expected be operational in 2020. Confirmation of the plans to develop the mine came in the form of the recently completed postive Front End Engineering and Design (FEED) study, establishing probable reserves at just over one million carats of diamonds at 100 cpht, with a Final Investment Decision (FID) expected in Q3 2019.
The Bunder Diamond Project in the Chhatarpur district of Madhya Pradesh in India - a deposit estimated to have diamond reserves of 34.2 million carats - will be put up for auction, according to a decision taken by the state government at a cabinet meeting this week. The Project disappeared from the headlines about two years ago following Rio Tinto's announcement in February 2017 that it would relinquish its interest in the project "due to commercial considerations" and gift it to the Government of Madhya Pradesh.
Mountain Province Diamonds has provided an update to the Mineral Resource Estimate for the Faraday 2 kimberlite, reporting a 74% spike to 5.45 million carats of diamonds, outstrippiing the 2017 estimate of 3.13 million carats. The update now cites an inferred resource of 2.07 million tonnes of kimberlite, a 49% increase from the1.39 million tonnes cited in 2017. The overall grade has also increased by 17% to 2.63 carats per tonne, and the average value per carat has jumped 25% to US$140 from the 2017 estimate of US$112 per carat.
Mining in Africa is at the core of our business, just as it always has been, and just as it will be in future ... De Beers is and will remain a natural diamond business.
- De Beers CEO Bruce Cleaver discusses Africa portfolio, exploration, technology and laboratory-grown diamonds.
Chinese mining company Anjin is set to resume mining in Zimbabwe at the Chiadzwa mining fields in Marange in May this year, while Russia’s Alrosa will complete setting up its office by the end of next month, reports The Sunday Mail from Zimbabwe. Anjin had to shut operations back in 2015 as the Mugabe administration forced the closure of seven mining companies and the subsequent merger of their assets into the Zimbabwe Consolidated Diamond Company (ZCDC). Now the company is expected to invest an initial US$20 million to restart operations.
Lucapa Diamond Co. reports that its inferred diamond resource estimate of in-situ carats at its 40%-owned Lulo diamond mine in Angola has nearly doubled since it was last analyzed in May 2017, increasing 90% to 80,400 carats. The modelled average price per carat also rose to $1,420, a 17% increase over the previous modelled estimate of $1,215 per carat. Overall sales of Lulo diamonds to date total ~US$141 million at an average price per carat of ~US$2,100.
The Debswana Diamond Company (Debswana), a 50/50 joint venture between the Government of the Republic of Botswana and De Beers Group, has today (March 18, 2019) announced the commencement of the Cut-9 project to extend the life of Jwaneng Mine, one of the world’s most valuable diamond mines. The project will extend the life of Jwaneng Mine to 2035, and is expected to yield an estimated 53 million carats of rough diamonds from 44 million tonnes of treated material. It is called Cut-9 because it is the ninth cut, or expansion, of the mine.
Joint-venture partners Botswana Diamonds and Vast Resources Vast Resources plc have in principle been granted the right to mine diamonds on the Heritage Concession of the Marange Diamond Fields. The companies signed a memorandum of understanding to jointly investigate diamond opportunities in Zimbabwe in May this year, and last August were apparently awarded access to the Marange concession.
Russian diamond miner Alrosa and China’s Anjin Investments have been selected by Zimbabwe’s government to partner with the state diamond company ZCDC, reports local paper The Herald. The Zimbabwe National Diamond Policy says the Zimbabwe Consolidated Diamond Company (ZCDC), Murowa Diamonds and two other private companies would be permitted to undertake diamond exploration and mining. The Russian and Chinese miners have now been announced as those foreign companies.
Russia’s Alrosa, the world's largest diamond producer, has announced its intentions to resume its diamond mining operations in Zimbabwe, which it had put on hold since 2016.
Angolan mining company Sociedade Mineira da Catoca (Catoca) is planning to invest $330 million over the next three years in large sample collection works in the area of the future Luaxe mine, according to the company’s Director General Benedito Paulo. The work is due to begin in the first half of next year, when the company will collect data on the quality of diamonds as well as initiate price discovery and evaluation, after which the economic and financial feasibility study will be carried out as well as the exploration project, according to a report by Macauweb. Paulo said that t
Junior miner Botswana Diamonds (BD) has acquired Alrosa's 50% share in the Sunland Minerals project for a "nominal sum". BD's 100% ownership of Sunland now enables a new investor to enter as a new joint venture partner, and they say that negotiations with this potential partner are at an advanced stage. The potential partner is said to be a large diamond producer with new ideas and keen to find new kimberlites in Botswana.
UK-listed Botswana Diamonds said it is feeling "confident" that its Thorny River project in South Africa will become its first operating mine following the conclusion of a mining contract covering bulk sampling activities and future full-scale mining. The necessary regulatory approvals have been applied for, and a drilling program is planned in 2019. Managing Director, James AH Campbell the company hopes to get production rolling during the first half of 2019.
After a four-year wait, Star Diamond Corp. - formerly called Shore Gold Inc. - has received the green light from the provincial government to build a diamond mine in Saskatchewan, Canada, bringing to an end what is believed to be the longest environmental approval process in province history. The Star-Orion Diamond Project was first proposed by Shore Gold Inc. in 1995.
CEO of Australia’s Lucapa Diamond Company, Stephen Wetherall, paid a visit to Antwerp recently, where The Diamond Loupe caught up with him. We encountered an optimistic CEO that is clearly excited about the future of Lucapa, and justifiably so. The growing miner operates, together with its partners in Angola, the highest-value and most promising alluvial diamond project in the world - the Lulo Diamond Project.
Brazil Minerals, a U.S. diversified company with projects in various minerals in Brazil, announced its extensive drilling campaign in one of its several mineral rights yielded alluvial material with a high likelihood for diamonds in over 57% of the drill holes executed. The project is located in the Jequitinhonha River Valley in northern Minas Gerais state in Brazil. Marc Fogassa, CEO of Brazil Minerals, stated, “Our identification of an initial diamond-rich zone within a gold mineralization area is a very good outcome.
Canadian miner Mountain Province Diamonds (MPD) has announced "very encouraging" results from its exploration program currently under way in the immediate vicinity of the Gahcho Kué mine. If the exploration success continues and is confirmed, it could lead to the potential addition to the resource of 1.5 to 2.8 million tons and 2.2 to 4.2 million carats, said Stuart Brown, the Company’s President and CEO.
POZ Minerals Ltd., a phosphate producer that holds a 100% interest in the Blina Diamond Project and also explores for phosphate and gold properties, annouced it will place a bid for the Ellendale mine after the state government’s call for investors in the asset last week. The Ellendale Project was mined from 2002 to 2015 and previously produced about half of the world's highly valued fancy yellow diamonds.
The Western Australian Government is seeking expressions of interest to reopen and operate the Ellendale diamond mine in the Kimberley region of Western Australia, reports Australian Mining. Ellendale previously provided about half of the world’s highly-valued fancy yellow diamonds, of which US jeweller Tiffany & Co was a major client. Mining operatoins ceased in July 2015 when Kimberley Diamond Company (KDC), which had operated the mine from 2002 to 2015, entered into administration.
Vast Resources, the AIM-listed mining company that signed last March a Memorandum of Understanding with Botswana Diamonds (BOD) to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession area in the Marange Diamond Fields in the Chiadzwa region of Zimbabwe. According to a statement from BOD, the purpose of Vast's agreement is to carry out initial due diligence on the area with a view to concluding a joint venture agreement, the principal terms of which have been agreed, for exploration, mining and marketing.
ALROSA has announced that mining operations on the new diamond deposit Zarya are entering their final stage, having removing 10 million cubic meters of overburden over the last two years, and the company expects diamond mining will start in 2019. The deposit is estimated to contain total diamond resources of 3.5 million carats worth more than USD 1 billion. Its development will allow the miner to replace the declining reserves of Komsomolskaya pipe, where mining operations are nearing their completion.
BlueRock Diamonds, a junior miner listed on AIM in London and operating the Kareevlei Diamond mine near Kimberley in South Africa, announced its production increased significantly in 2017, yielding high-quality diamonds with an average value per carat of $362. The miner said that it met its two primary targets in 2017 – operational profitability and monthly processing volume of 25,000 tons, which unearthed 2,438 carats in the first half of the year, compared with 543 carats, a year earlier.
Lucara Diamond yesterday published the results of its Mineral Resource Update for its Karowe Mine in Botswana, which showed it would continue to yield a high grade of high quality diamonds for the remainder of its open pit life, and that underground mining was likely to continue until 2036. The remaining Indicated Mineral Resource for Karowe's AK06 kimberlite includes 7.9 million carats hosted in 57.85 million tons of ore at an average grade of 13.7 carats per hundred tons (cpht), with an average modelled diamond value of US$ 673 per carat.
In a landmark deal - hailed as a first ever in South Africa - Kimberley’s illicit miners, known as 'zama-zamas', have now been legitimized. Deputy Minister of Mineral Resources Godfrey Oliphant issued the artisanal miners with mining permits in an agreement aimed at curbing the rapid growth of illegal mining which has been spurred on by rising unemployment. The newly-licensed informal miners have been given access to 500 hectares of land owned by Kimberley Ekapa Mining (KEM JV), a joint venture between Petra Diamonds and Ekapa Mining.
The Zimbabwean government has yielded to Chinese pressure and will restore Anjin Investment’s operating licence after finalisation of the new diamond policy, nearly three years after the entity was stopped from mining in Chiadzwa, writes the Zimbabwe Independent.
The Lerala Diamond Mine in central Botswana has been sold via an online auction for $8.1 million, a year after it was placed under provisional liquidation, according to a report from Reuters. The liquidator of the mine - which was held by Australian mining company Kimberley Diamonds and has been on judiciary management for the past year after it shut down due to a lack of funding and "weak market conditions" - put the entire operation up for sale in an online auction after its liquidators failed to secure viable offers.