Lucapa Diamond Company has commenced its commissioning of the 1.1Mtpa (million tonne per annum) treatment plant at the high-quality Mothae kimberlite open-pit diamond mine in Lesotho (Lucapa 70%; Gov't of Lesotho 30%), despite the challenges of the winter snowfalls in the Maluti Mountains (altitude > 3,000 metres).
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.
Firestone Diamonds, which mines the Liqhobong mine in Lesotho (75% Firestone, 25% government of Lesotho) reports an increase in production during the third fiscal quarter ended 31 March 2018, as the higher grade led to a 6.6% rise in diamond recoveries despite challenging conditions due to above average rainfall during the wet season.
Dominion Diamond Corporation reported their financial and operational results for the second quarter fiscal 2018 which ended on July 31, 2017. The results were in line with expectations, consolidated carats produced increased 72% to 2.6 million carats in the second quarter from 1.5 million carats for the same period a year earlier due to higher tonnes processed and a focus on high-grade Misery Main ore at the Ekati mine, with steady performance at the Diavik Diamond Mine.
Canadian junior miner Peregrine Diamonds has completed final preparations for the 2017 work program at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. Core drilling at the CH-6 pipe, slated to commence on July 5, will further delineate the kimberlite, with the objective of expanding the high grade CH-6 resource to a depth of 500 metres below surface. The current depth of the Inferred Resource in the 2016 Preliminary Economic Assessment (PEA) is 260 metres.
Dominion Diamonds has announced that sales of Ekati Diamond Mine and Diavik Diamond Mine diamonds fell 27% in Q4 2017 (November 2016 through January 2017) and 21% overall in FY 2017, despite the quantity of diamonds sold increasing 24% in Q4 and 61% for the year. It has also provided Q4 production results from its Ekati Mine, where carat production increased by 93% compared to the same period in the prior year due to the positive impact of processing of a large proportion of high grade Misery ore.
Russian diamond giant ALROSA may increase its stake in the Catoca project in Angola, according to Forbes' Russian edition, translated by Rough/Polished. The diamond company is interested in the share, "which later would make it possible to consolidate the revenues and reserves", ALROSA's president Andrei Zharkov told Forbes.
Botswana's Debswana, the world's biggest diamond producer by sales value, is on track to produce its first diamonds from the expanded Jwaneng Mine by next year, a company official said on Tuesday. Known as Cut 8, the $3 billion expansion project aims to prolong the Jwaneng mine's life and produce 100 million carats. “The Jwaneng pit expansion is on track and will start delivering first ore to plant in 2017,” Debswana Corporate Affairs Manager Matshidiso Kamona said.
Today’s opening ceremony marks the culmination of approximately 20 years of work to bring the Renard Project from a green-field exploration concept to a fully operating new diamond mine. A long list of individuals can claim a share in the success of this enterprise. While we celebrate the official opening ceremony today, our production ramp-up continues and we remain on schedule to achieve commercial production by the year end.
Construction of Botswana-based diamond mining company Debswana’s Letlhakane mine tailings resource treatment plant project (LMTRTP), near Orapa, is currently 80% complete, with final project completion expected by 2017, writes Mining Weekly. The Letlhakane Mine is Debswana's second oldest mine, opened in 1975, achieving peak production of approximately 1.1 million carats annually; 583,207 carats were recovered from the mine in 2015.
Anglo American has announced the commissioning of De Beers' (51%) and Mountain Province Diamonds' (49%) Gahcho Kué diamond mine in the Northwest Territories of Canada. Gahcho Kué - the world's largest new diamond mine - is expected to reach full commercial production in Q1 2017, producing an average of 4.5 million carats per year over its anticipated 13-year life.
Russian diamond mining giant ALROSA has announced the recovery of a 207.29-carat rough diamond from the Zarnitsa pipe at Udachny Mining and Processing Division in the Russian Republic of Yakutia. The gem-quality rough diamond measures 38.0 х 37.0 х 18.0 mm and is the largest diamond discovered in the history of Zarnitsa. The extracted stone represents a transparent transitional crystal form with a slightly grooved surface. The diamond has no name so far.
Russian oil company Lukoil’s revenue from diamond sales hit $162 million (RUB 11 billion) in 2015 as the company increased output at its Grib mine, according to an earnings report cited by Rapaport News. Lukoil commissioned its diamond project at the Vladimir Grib deposit in the Arkhangelsk Region of Russia in June 2014, and sells the majority of its diamond output through its Antwerp-based Grib Diamonds subsidiary. About 20 percent of the goods are sold independently in Russia.
Lukoil will continue to operate the Grib (Verkhotina) diamond project independently, reports Interfax. The diamond business is now self-supporting. Its profitability now ranges between 16% and 19%," said Vagit Alekperov, President of Lukoil, Russia's largest independent oil company. "The company carries all the costs of the project in rubles, while selling the diamonds for dollars." Lukoil is not currently trying to find a buyer for this non-core asset, he added. "There won't be a buyer. We're not even trying. This is a strategic asset.
ALROSA has shifted operations at the iconic Udachnaya mine from open-pit to underground mining that will eventually yield 5 million carats a year. The company said it completed open-pit mining at the Udachnaya pipe earlier this month, having recovered 2.67 million carats of rough diamonds in the first half of 2015.
The Surface Miner Training Program Development project in Canada will enable the Northwest Territories Mine Training Society and Aurora College to launch a new training program this summer that is geared toward preparing the northern population for a wave of employment opportunities in the mining sector beginning in 2016.
Recently passed laws in Queensland ensure only directly affected landholders, their neighbors and local councils can legally object to mining application.