Archive

  • The 7th Brazilian Conference on the Geology of Diamonds to be held in Salvador, Bahia is attracting speakers and delegates from around the world, the organizers write in a press release. The event, which focuses on the diamond producing industry, will highlight the diamond potential of Brazil, its geology, and new discoveries and developments in the sector. The conference will be held at the Deville Hotel and Conference Centre from November 4 to 7, 2018.

  • 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.

  • The 7th Conference on the Geology of Diamond Deposits in Brazil will be held in Salvador, Bahia, Brazil from November 4-7, 2018. "It is particularly appropriate that the 7th Conference will be hosted in the State of Bahia" the organizers write, "which is the largest producer of diamonds in Brazil, and the location of the first commercial diamond mine in Brazil which was developed on a kimberlite deposit, the primary source rock of diamond. This year’s conference also marks the 25th year since the first conference, which was held in the State of Mato Grosso in 1993." 

  • Five Star Diamonds, a Canadian mining company listed on the TSX Venture Exchange, signed a co-operation agreement with I.Henning, the world’s leading international diamond broking and consulting group. Five star is making significant progress on its kimberlite drilling program at its 100% owned Jaibaras Diamond Project in Para State, Brazil.

  • Brazilian engineering company Odebrecht SA, a conglomerate selling off assets in the wake of a corruption scandal - allegedly paying hundreds of millions of dollars in bribes in association with infrastructure projects in 12 countries, including Brazil, Argentina, Colombia, Mexico, Venezuela and Panama between 2002 and 2016 - has agreed to sell a 16.4 percent stake in the Catoca mine in Angola.

  • Five Star Diamonds, a Canadian mining company listed on the TSX Venture Exchange, Canada, is making significant progress on its kimberlite drilling program at its 100% owned Jaibaras Diamond Project in Para State, Brazil. On June 8, Five Star announced the start of the drilling program, which had identified eight kimberlite targets (J1 to J8), with their current focus kimberlite targets J1 and J2.

  • Brazilian news sources, relying on information from the police, are reporting that a gang of criminals in have robbed the Braúna diamond mine. More than twenty heavily armed men on Sunday broke into the Brauna property in Nordestina, 750 kilometers north of Rio de Janeiro. They opened the safe using explosives. The criminals left in several cars and took five hostages, who were later released on a country road. The perpetrators are still missing. No announcements have been made about the value, size or even nature of their haul.

  • Diamond broker Bonas announces the Braúna September rough sale; the entry of a new rough diamond production, directly to the Antwerp market.

    Developed over many years in the Brazilian state of Bahia by diamond miner Lipari, Braúna is South America’s first kimberlite diamond mine. The mine is projected to produce up to 400,000 cts of high quality diamonds per annum over the next nine years. Additionally, Braúna is a cluster of kimberlites, therefore leaving it with ample opportunity for further development in years to come.

  • 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.

  • Associated Press: In Brazil's Minas Gerais state, rural miners explore the massive craters left behind by giant mining companies in search of diamonds. AP photographer Felipe Dana created a collection of images about the artisanal miners and their craft as a work project for the 2015 World Press Photo Latin America masterclass held in Mexico City in December. The area that Dana documented has been explored for the precious stone since the time of slavery.

  • On November 5, two dams at an iron-ore mine owned by Samarco Mineração SA - a joint venture between two of the world's biggest mining companies, Australian BHP Billiton and Brazilian Vale SA - collapsed in Brazil. Almost 16 million gallons of toxic sludge escaped, sending a deluge of hazardous mud into a tiny town called Bento Rodrigues and starting the journey down the Rio Doce River. Bento Rodrigues was completely devastated, eleven people were killed with 12 more missing and presumed to be dead.

  • The prolonged slump of the world's largest construction and mining equipment company, Caterpillar (U.S), which last month announced a major restructuring, stating that it would slash 10,000 jobs through 2018 and close facilities worldwide, is well-documented.

  • The InSight Crime foundation, in the latest of many reports over the years, writes that the Cinta-Larga indigenous group in Brazil is on the brink of collapse as a result of illegal mining in one of the world's (unconfirmed) largest diamond deposits in Roosevelt. The peak of the diamond rush in Roosevelt occurred in 2004, when there were more than 5,000 miners in the region. It was interrupted after the deaths of 29 miners. Since then, mining operations in the area have been closed and reopened on several occasions.

  • Business has never been more hectic at the government-run pawnshops as Brazil’s economy continues to contract this year with more financial problems forecast for 2016 as the country suffers its longest recession for 80 years. The pawnshops are operated exclusively by state-owned bank Caixa Economica Federal and take mainly rare stones and jewelry. The cash given by the pawnshops is a loan carrying an interest rate of 1.9 percent a month which is by far the lowest in Brazil where credit cards charge about 13 percent a month.

  • RST Recursos Minerais Ltda., a unit of Brazil Minerals Inc., has secured a permit from local authorities valid for four years to initiate diamond and gold mining in the area of the Jequitinhonha River. Brazil Minerals is now preparing the ground work to begin mining within 30 days in order to assess local concentrations of diamonds and gold and that data will form the basis for additional reporting to local regulatory agencies.

  • Brazil Minerals, Inc. has successfully completed the first phase of geological assessment in a dry area for diamonds and gold near a margin of the Jequitinhonha River in the State of Minas Gerais in Brazil. The firm said it drilled six holes which all showed presence of varying depths of commercially-viable gravel containing diamonds and gold.

  • Only hours before the start of the BRICS summit, China and Brazil have agreed to trade the equivalent of up to $30 billion annually for three years. The agreement will take almost half of their trade exchanges out of the US dollar zone. Brazilian Economy Minister Guido Mantega described the deal as "a sort of umbrella agreement", but did not specify areas or categories that would be affected.

  • Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), cited the figure at the organization's annual congress.

  • CIBJO President Gaetano Cavalieri has released a report covering the organization’s activities and issues on a variety of issues.

  • According to a new report by Boston Consulting Group, “Capturing Retail Growth in Brazil’s Rising Interior”, while most brands concentrate their efforts on Brazil’s coastal cities, consumers residing in the country’s interior are projected to contribute more than 45 percent of the growth through 2020. The report explains that Brazilian consumers in general are tightening their spending compared with the past 15 years, but inland consumers go against the trend, and are anticipated to account for $60 billion in new purchases over the next five years.

  • The 2015 CIBJO Congress will take place in Salvador, Brazil, from May 4 to 7, and will include meetings of different working groups called sectors and commissions, each of which will focus on a different sector of the jewelry industry.

  • Brazil Minerals, Inc. announced today the preliminary result for the initial drilling of a new dry area for diamonds and gold. The first exploration hole in such area yielded a sizeable layer of "starched quartz" gravel, known locally to be the richest type for diamonds and gold. In the small sample collected, both diamond and gold presence was seen by the naked eye. J. Francescatto, Chief Geologist at BMIX, said, "I have over 25 years of experience in alluvial exploration and this quality of result by a Banka 4-inch drill is rarely seen."