Archive

  • Fourteen officials from the Brazilian Ministry of Mines and Energy are currently following a rough diamond training course provided by the Antwerp diamond industry, a project spearheaded by Belgian Secretary of State for Foreign Trade Pieter De Crem. The stated objective of the course is to ensure that Brazil is able to apply the strict requirements of the Kimberley Process properly, as Secretary of State De Crem comments, “Antwerp is one of the leaders with regard to applying the strict Kimberley Process regulations.

  • DiamondCorp has issued a press release stating that during the first quarter of 2016, it sold the first kimberlite diamonds recovered from the Lace mine in South Africa for almost a century. They sold 8,648 carats in Q1 through a combination of direct sales and competitive tender, marking the first sale of kimberlite diamonds from the Lace mine since 1931. DiamondCorp said demand for its product was decent, selling all the lots it made available during the quarter.

  • Tango Mining has entered into a proposed deal with California-based lender Vanderbilt Commercial Lending for a US$30 million loan commitment to fund the acquisition and provide the capital required to restart the BK11 kimberlite diamond mine in Botswana, according to a company statement. The company, which has mining interests in four thermal coal projects in the Mpumalanga and Kwazulu-Natal provinces of South Africa, started the process of acquiring a 100 percent shareholding at the BK11 Kimberlite Diamond Mine in Botswana from Firestone Diamonds late i

  • Lucapa Diamond Co. is using part of the proceeds from the sale of large diamonds it has found in alluvial mining in Angola to finance the hunt for the kimberlite pipes from which the gems have originated. The diamond explorer is using its share of the $16.7 million received from the sale of a 404-carat stone sold last month to track the source of their finds.

  • The Luachi diamond mine, whose commercial operation is planned to start in 2018, has reserves estimated at 350 million carats and a lifespan of 29 years, said Carlos Sumbula, president of Angolan diamond company Endiama on Thursday. This would make it one of the largest diamond mines by volume in the world. Sumbala also said the mine, in the province of Lunda Sul, will occupy an area of 100 hectares and will be excavated to an estimated depth of 400 metres. Geological and geophysical surveying of the area began in 2008 and resulted in the discovery of kimberlite in 2009.

  • London-based Citigate Commodities Trading Ltd., a commodities trading/brokerage firm specializing in rough diamonds, precious metals and bonny light crude oil has acquired a kimberlite diamond concession in Sierra Leone. Located adjacent to one of the country's largest diamond reserves, Citigate's extraction and mineral rights are spread over an area of 79 square kilometres to explore diamonds.

  • Peregrine Diamonds has announced that the results of an independent diamond valuation for an aggregate 735.75 carat parcel of commercial-size (+1.18 mm square mesh) diamonds recovered from five geological units of the CH-7 kimberlite pipe at the Company's 100% owned Chidliak Diamond Project, Nunavut, Canada yielded a base modelled price of US$114 per carat. The current average price was US$100 per carat, and ranged from US$73 to US$154 per carat across parcels from the five geological units represented.

  • Arctic Star Exploration’s Redemption Diamond Project stands to gain from a royalty sale by Canadian diamond exploration company North Arrow Minerals. With an option to earn 55% of the project, North Arrow has signed a deal with Umgeni Holdings International to sell part of its share of royalties on the property for $800,000.

  • Karelian Diamond Resources, an Irish diamond exploration company focused on Finland that has a confidentiality agreement with Rio Tinto (RT), has announced that RT Mining and Exploration Limited has identified high category rating diamondiferous kimberlite indicator minerals in the Rihiivaara area of Finland. Karelian provided the samples to RT, which then conducted tests in their Melbourne Laboratories. The presence of diamondiferous kimberlite indicator minerals together with the discovery nearby of the kimberlite body enhances the diamond potential of the area.

  • Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that it has formally submitted to the National Minerals Agency (NMA) of Sierra Leone its application for a large scale mining licence for the Tongo project. The move comes after the World Health Organization's announcement earlier this month that Sierra Leone is Ebola-free after 42 days without any new infections. The Tongo kimberlite diamond project is forecast to yield 840,000 carats and revenues of $358 million.

  • Peregrine Diamonds Ltd., a Canadian diamond exploration and development company focused on Canada's North, has announced that mobilization of a rotary air-blast (RAB) drill rig has commenced and drilling is expected to begin on October 23 on the first of four kimberlite targets at its 100% owned Moralane license in east-central Botswana. The Moralane license covers 664 km2 and hosts a compelling kimberlite indicator mineral ("KIM") anomaly that is underlain by recently identified isolated magnetic anomalies.

  • The Botswana Department of Environmental Affairs has granted approval to Vancouver-based Lucara Diamond Corp. for the extraction of "high-potential" samples from the BK02 kimberlite at the Karowe Mine in Botswana. A bulk sample plant has been constructed and commissioned. It is expected that exploration sample processing will commence during November 2015 with initial results being achieved before the end of the year. William Lamb, President and CEO, commented, "The receipt of the permits is a positive step forward in our resource extension campaign.

  • Lucapa Diamond Company has been stealing the headlines recently with 90-carat Type IIA stones, fancy pinks and yellows, an average price of $1,667 per carat and soaring stocks, and now it has announced that it has identified confirmed kimberlite (L259) next to a world-class diamond field at Lulo in Angola.

  • Paragon Diamonds, which has obtained formal approval to complete the acquisition of a 75% interest in, and operatorship of, the Mothae Kimberlite Resource in Lesotho from Lucara Diamond Corporation, has received extremely positive results from two independent studies. According to Paragon's announcement, "The conclusions exceed management’s initial expectations...

  • Endiama, Angola's state-owned diamond prospecting, mining, trading and polishing company, is currently working with ALROSA on the exploration of the Luaxe kimberlite, the majority stakeholder of which is Catoca - owned by Endiama, Alrosa (Russia) LLV (China) and Odebrecht (Brazil).