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Diamonds

An image showing the Karowe diamond mine in Botswana
Lucara divests of Clara sales platform
7th October 2024 By: Tasneem Bulbulia

Canada-headquartered Lucara Diamond is selling its 100% interest in the Clara rough diamond sales platform to its original founders, a group led by the HRA Group of Companies and Eira Thomas. Clara... 


De Beers group managed operations CEO Moses Madondo
Natural diamond supply has peaked, De Beers’ Madondo says
4th October 2024 By: Darren Parker

De Beers group managed operations CEO Moses Madondo has said the supply of natural diamonds has peaked, with dwindling new discoveries on the horizon. “We must recognise that we are already past... 


Rio Tinto showcases historic collection of rare coloured diamonds
Rio Tinto showcases historic collection of rare coloured diamonds
4th October 2024 By: Creamer Media Reporter

Rio Tinto has launched its 2024 ‘Beyond Rare’ tender, the second in its Art Series offering, showcasing 48 lots of extraordinarily rare masterpieces of nature from its diamonds business. Titled... 


Anglo American CEO Duncan Wanblad
Anglo American not a sitting duck after breakup, CEO says
4th October 2024 By: Reuters

Anglo American will not be an "inevitable" takeover target after its unbundles its diamond, platinum, nickel and coal assets, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring... 


A 3.5 MW solar plant was installed at Diavik earlier this year.
Rio Tinto’s Diavik underground mine moves into commercial production
4th October 2024 By: Creamer Media Reporter

The Diavik mine – one of Canada’s biggest diamond mines – has completed the development and construction of Phase 1 of the A21 underground mine, now moving the mine into commercial production.... 


Eskom chairperson Dr Mteto Nyati
South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba
2nd October 2024 By: Martin Creamer

South Africa needs to transition into renewable energy in a way that continues to protect the country’s energy availability, Eskom chairperson Dr Mteto Nyati told the Joburg Indaba on Wednesday.... 


Photo of Martin Creamer
Grade is King, diamond prices, manganese battery opportunities make headlines
27th September 2024

Mining Weekly Editor Martin Creamer discusses African Rainbow Minerals spotlighting 'Grade is King', as well as the company’s war on waste; Petra's belief that diamond prices will stabilise through... 


Petra CEO Richard Duffy
Petra sees diamond prices holding steady to end 2024, with some improvement in 2025
25th September 2024 By: Martin Creamer

Diamond mining company Petra believes that diamond prices will stabilise through to the end of this year with some improvement expected in 2025. The average diamond price realised by Petra  in... 


The 212.91 ct Type II white diamond
Gem recovers 212.91ct diamond at Letsěng
23rd September 2024 By: Sabrina Jardim

London-listed Gem Diamonds has recovered a 212.91ct Type II white diamond at the Letsěng mine in Lesotho. This is the thirteenth diamond greater than 100 ct recovered this year. 


An image showing beneficiaries of Petra's Gumboot Recycling project
Diamond miner turns gumboots into school shoes for learners
20th September 2024 By: Tasneem Bulbulia

Petra Diamonds’ Cullinan diamond mine (CDM) has successfully launched its Gumboot Recycling project, aimed at reducing plastic waste while supporting education through its Schools’ Support... 


The Karowe undergorund expansion project
Lucara recovers sixth diamond larger than 1 000 ct at Karowe
16th September 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has recovered a 1 094 ct rough diamond from its Karowe mine, in Botswana. This is the sixth diamond weighing more than 1 000 ct to be recovered at the mine... 


The 126.21 ct diamond recovered at Letšeng on September 6
Gem recovers 126.21 ct diamond
11th September 2024 By: Creamer Media Reporter

LSE-listed Gem Diamonds has recovered a 126.21 ct Type II white diamond at the Letšeng mine, in Lesotho, on September 6. This is the twelfth diamond greater than 100 ct recovered at the mine this... 


The 122.2 ct diamond recovered at Letšeng
Gem recovers 122.2 ct diamond at Letšeng
5th September 2024 By: Creamer Media Reporter

London-listed Gem Diamonds has recovered a 122.2 ct Type II white diamond at its 70%-owned Letšeng mine, in Lesotho. This is the eleventh diamond weighing more than 100 ct to be recovered at the... 


The Misery underground mine is part of the Ekati deposit located in Canada’s Northwest Territories.
Burgundy eyes extended life for Misery
5th September 2024 By: Mariaan Webb

Australian mining company Burgundy Diamond Mines has announced encouraging results from its ongoing drilling programme at the Misery underground mine in Canada, suggesting the potential for an... 


Rough diamonds
Botswana's ODC seeks $300m in loans for diamond purchases
30th August 2024 By: Reuters

Botswana's State-owned Okavango Diamond Company (ODC) seeks a $300-million credit facility from local banks to support larger volumes of diamond purchases, Finance Minister Peggy Serame said on... 


Gem raises full-year production, sales guidance, despite prices remaining under pressure
29th August 2024 By: Creamer Media Reporter

London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, has increased its production guidance for the 2024 full-year to between 98 000 ct and 101 000 ct being recovered... 


The 129.71 ct Type II white diamond
Gem recovers 129.71 ct diamond at Letsêng
28th August 2024 By: Sabrina Jardim

London-listed Gem Diamonds has recovered a 129.71 ct Type II white diamond from its Letsěng mine, in Lesotho. This is the tenth diamond greater than 100 ct recovered from the mine this year. 


President Cyril Ramaphosa
President transfers legislation as part of steps to split mineral resources, energy portfolios
28th August 2024 By: Creamer Media Reporter

President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity... 


Lucapa posts 13% increase in interim Ebitda
23rd August 2024 By: Sabrina Jardim

ASX-listed Lucapa Diamond Company has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.4-million for the six months ended June 30 – a 13% year-on-year... 


Sadpo chairperson Gert van Niekerk.
South Africa’s small-end diamond producers are battling to survive, Sadpo reports
22nd August 2024 By: Martin Creamer

South Africa’s small-end diamond producers are battling to survive in a diamond situation in South Africa which is under severe pressure, South African Diamond Producers Organisation (Sadpo)... 


The 2 492 ct diamond from the Karowe diamond mine in Botswana
Karowe delivers its biggest find yet – an ‘exceptional’ 2 492 ct diamond
22nd August 2024 By: Sabrina Jardim

Canadian diamond miner Lucara Diamond Corp has recovered an “exceptional” 2 492 ct diamond from its Karowe mine, in Botswana. Detected and recovered by the company’s Mega Diamond Recovery X-Ray... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Exploration drilling on a Botswana Diamonds prospect
Botswana Diamonds leverages AI to evaluate its existing mineral data in Botswana
16th August 2024 By: Marleny Arnoldi

Aim-listed Botswana Diamonds (BOD), which holds exploration licences in Botswana and South Africa, has started with an AI programme on its Botswana database, which will assist in a comprehensive... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Lucapa sells Mothae to Lesotho company
14th August 2024 By: Creamer Media Reporter

Australia-headquartered Lucapa Diamond has successfully completed the divestment of its 70% stake in the Mothae mine in Lesotho. The interest was sold to local Lesotho company Lephema Executive... 


Polished diamonds
Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer
13th August 2024 By: Reuters

Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond... 


The Letšeng mine
Gem achieves 9% y/y increase in first-half diamond sales
13th August 2024 By: Creamer Media Reporter

London-listed Gem Diamonds sold 56 944 ct of diamonds recovered from its Letšeng mine, in Lesotho, generating $77.9-million for the six months ended June 30. This represents a 9% increase on the 52... 


Haul trucks operating at a Debswana mine
Botswana to cut spending on cars, travel as diamond slump persists
13th August 2024 By: Bloomberg

Botswana plans to reduce spending on new vehicles and travel for government officials and may delay some capital projects to deal with a slump in diamond revenues, according to its finance... 


large Lucara diamond
Lucara sold 76 387 ct during the second quarter
12th August 2024 By: Darren Parker

Diamond producer Lucara Diamond Corp sold 76 387 ct of diamonds, generating $41.3-million in revenue, during the second quarter ended June 30. The company recovered 92 419 ct of diamonds at a grade... 


An image of Petra Diamonds group human resources (HR) and public affairs executive Thashmi Doorasamy
Programme champions women leadership
9th August 2024 By: Nadine Ramdass

Despite the significant changes and challenges seen this year within Petra Diamonds – with cost cutting across all areas of the business, which inevitably affects various initiatives within the... 


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