https://staging3.creamermedia.com
R/€ = 19.2181 Change: 0.0043
R/$ = 17.9670 Change: -0.0011
Au 2321.96 $/oz Change: 0.00
Pt 996.20 $/oz Change: 0.55
 

Diamonds News

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

De Beers opens entries for this year’s Shining Light Awards

By: Sabrina Jardim     19th June 2024 Diamond Miner De Beers has announced that entries for the 2024 Shining Light Awards (SLA) jewellery design competition are officially open. The competition falls under the De Beers Group Designers Initiative (DBGDI), a youth beneficiation skills development initiative aimed at inspiring, igniting... 

A poster for the Shining Light Awards

Diamcor seeks to extend closing of second tranche of revised private placement

By: Darren Parker     19th June 2024 Diamond mining company Diamcor Mining is seeking to extend the closing of the second tranche of its non-brokered revised private placement following its announcement on June 4 that it had closed the first tranche. The company previously indicated that the original offering, announced on May 1,... 

Debswana reports fatality at its Jwaneng mine

By: Reuters     18th June 2024 Botswana's Debswana Diamond Company on Tuesday reported a fatality at its Jwaneng mine following an accident involving a crane and drill rig. The incident, which took place on Monday, involved an employee of one of Debswana's contracting companies, it said in a statement. Investigations into the... 

Debswana reports fatality at its Jwaneng mine

Probably more diamond industry uncertainty now than at any other point – Gemdax 

By: Martin Creamer     14th June 2024 While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever to shape what the future will look like. “One thing's for sure, the way the industry has operated over the last decade is not going to be the way it... 

Gemdax co-founder and partner Anish Aggarwal.
Gemdax's Anish Aggarwal interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Resources Watch  

12th June 2024 This week: Richards Bay Minerals signs agreement for additional 140 MW of renewable energy; Platinum group metal poised to help protect world from growing water pollution threat and, Diamond transparency from mine to finger is on way from Petra 

Resources Watch
Resources Watch

Botswana says it’s in talks about increasing stake in De Beers

By: Bloomberg     10th June 2024 Botswana said it’s in talks over increasing its shareholding in De Beers, as Anglo American prepares to end its almost century-long relationship with the iconic diamond producer. As part of a turnaround plan to fend off an approach from BHP Group, Anglo last month said it planned to sell or... 

Botswana says it’s in talks about increasing stake in De Beers

Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector

By: Creamer Media Reporter      10th June 2024 As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive, collaborative and trusting relationship among government, labour, civil society and the private sector to... 

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council South Africa CEO Mzila Mthenjane

Petra, NUM sign five-year wage deal

By: Creamer Media Reporter      10th June 2024 Diamond miner Petra Diamonds and labour union the National Union of Mineworkers (NUM) have signed a five-year wage agreement covering Petra's South African operations for the period July 1, this year, to June 30, 2029. Employees in the A and B Paterson bands will receive a wage increase of 6.25%... 

Petra Diamonds' Cullinan mine
Petra Diamonds' Cullinan mine

Water pollution, traceability, exploration fund make headlines   

7th June 2024 Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.   

Photo of Martin Creamer
Water pollution, traceability, exploration fund make headlines

Botswana may raise De Beers stake as Anglo weighs spin-off

By: Reuters     6th June 2024 The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told JCK News, after parent company Anglo American said it plans to spin off or sell the business. The government owns a 15% stake in De Beers and Botswana accounts for 70% of the... 

Botswana President President Mokgweetsi Masisi
Photo by World Economic Forum
Botswana President President Mokgweetsi Masisi

Diamcor closes first tranche of increased placement

By: Tasneem Bulbulia     5th June 2024 TSX-V-listed Diamcor Mining has closed a $1.4-million first tranche of a nonbrokered private placement following receipt of conditional acceptance of the offering from the TSX-V. The company now anticipates the offering will be oversubscribed and has increased the total amount of the original... 

An image showing a dry screening plant at the Krone-Endora at Venetia project
Dry screening plant at the Krone-Endora at Venetia project

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Diamond transparency from mine to finger is on way from Petra   

By: Martin Creamer     4th June 2024 Traceability is becoming an increasingly important part of the natural diamond industry, specifically in terms of being able to verify provenance or origin. G7 sanctions being applied also make traceability technology more important. 

Petra Diamonds CEO Richard Duffy
Petra Diamonds CEO Richard Duffy interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Gem recovers 172.06 ct diamond at Letšeng

By: Sabrina Jardim     4th June 2024 London-listed diamond producer Gem Diamonds recovered a 172.06 ct Type II white diamond at its Letšeng mine, in Lesotho, on June 2. This is the seventh diamond greater than 100 ct recovered at the mine this year. 

172.06 ct Type II white diamond
172.06 ct Type II white diamond

De Beers ditches man-made diamonds as it looks beyond Anglo

By: Bloomberg     3rd June 2024 De Beers will ditch a controversial experiment to sell lab grown diamond jewellery, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewellery, fearing they would undercut the allure... 

De Beers CEO Al Cook
De Beers CEO Al Cook

De Beers invites entries for 2024 Shining Light Awards programme

By: Marleny Arnoldi     3rd June 2024 Diamond miner De Beers has invited entries from Canadian, Botswanan, Namibian and South African young diamond jewellery designers for its 2024 Shining Light Awards programme. The Shining Light Awards programme aims to recognise talented youth and boost their careers in the jewellery business,... 

Diamond jewellery

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

By: Reuters     30th May 2024 Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday. The Anglo CEO faces pressure from investors to boost the company's value by... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

Tsolido signs agreement with Red Cloud for liquidity services

By: Darren Parker     30th May 2024 TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade... 

Gem Diamonds recovers sixth large diamond from Letšeng this year

By: Marleny Arnoldi     30th May 2024 London-listed Gem Diamonds has recovered a 212.49 ct Type II white diamond from its 70%-owned Letšeng mine, in Lesotho. This is the sixth diamond weighing more than 100 ct to be recovered at the mine this year.  

212.49 ct Type II white diamond
212.49 ct Type II white diamond

Investors relieved BHP walked from Anglo takeover deal

By: Reuters     30th May 2024 nvestors welcomed BHP Group's decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six weeks. While BHP's Australian-listed shares fell 1.6% on Thursday, they were in line with its peers. 

Investors relieved BHP walked from Anglo takeover deal

Botswana flags synthetic gem threat ahead of $6bn diamond project launch

By: Reuters     29th May 2024 Botswana’s President Mokgweetsi Masisi on Wednesday called synthetic gems a threat to the country's economic lifeblood, as the government readies to launch a $6-billion project to extend the life of its flagship Jwaneng diamond mine. The natural diamond market has struggled in the past two years... 

Botswana flags synthetic gem threat ahead of $6bn diamond project launch

BHP walks away from $49bn pursuit of mining rival Anglo

By: Reuters     29th May 2024 Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Botswana wants quick separation of De Beers from Anglo, President says

By: Reuters     29th May 2024 Botswana is hoping for a quick separation of De Beers from the Anglo American group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi Masisi said on Wednesday. Botswana, the world's top diamond producer by value, is finalising a new... 

Botswana President Mokgweetsi Masisi
Botswana President Mokgweetsi Masisi

BHP, Anglo dig in even as takeover talks deadline nears, sources say

By: Reuters     28th May 2024 BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one-week extension until 1600 GMT on... 

Anglo American's head office in South Africa

Lucapa, partners recover 195 ct diamond from Lulo

By: Tasneem Bulbulia     28th May 2024 ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015. 

An image of the Lulo mine in Angola
Lulo mine

Angola is world’s foremost diamond exploration target, says Lucapa’s Brown

By: Mariaan Webb     28th May 2024 Australia-based diamond miner Lucapa’s newly appointed chairperson, Stuart Brown,has hailed Angola as foremost diamond exploration target on the world stage. In an address to shareholders on Tuesday, he positioned Angola at the forefront of Lucapa’s strategic direction, stating that the... 

Lucapa chairperson Stuart Brown is a former De Beers CFO and interim CEO.
Photo by Creamer Media
Lucapa chairperson Stuart Brown is a former De Beers CFO and interim CEO.

JPMorgan says BHP plan risks $4.3bn South Africa outflow

By: Bloomberg     27th May 2024 A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an outflow, if a deal goes ahead, could weaken the rand, which has gained 4.4% against the dollar, the... 

A BHP logo on a building

BlackRock encouraged Anglo to extend talks with BHP, source says

By: Reuters     27th May 2024 Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now... 

Anglo's South African corporate head office
Anglo's South African corporate head office

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Large Anglo shareholders are backing miner’s stance on BHP talks

By: Bloomberg     24th May 2024 Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its... 

Large Anglo shareholders are backing miner’s stance on BHP talks

Diamond miner progresses move to underground

By: Nadine Ramdass     24th May 2024 Ahead of its fifty-fifth anniversary, Botswana-based diamond miner Debswana Diamond Company is undertaking an expansion project at its flagship Jwaneng mine, in the south-central part of Botswana, to extend its life-of-mine and generate new value for shareholders, says Debswana deputy MD... 

An aerial image of the Jwaneng openpit mine
MOVING BELOW GROUND Debswana Diamond Company is undertaking an expansion project at its Jwaneng mine to extend the mine's life

Committed to strategic growth goals amid industry challenges

By: Nadine Ramdass     24th May 2024 Despite encountering various challenges – including commodity price volatility closely linked to global economic conditions and supply chain dynamics – metallurgy and process engineering company Multotec Botswana remains committed to pursuing strategic growth and expanding its reach in the... 

An image of a forklist
RELIABLE SUPPORT Multotec Botswana offers clients dedicated support, ensuring a smooth delivery process for products and equipment

Petra signs PPAs to procure wheeled renewable energy for Cullinan, Finsch

By: Darren Parker     23rd May 2024 Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced South African energy trader Etana Energy. Etana provides cost-competitive clean energy from new... 

Cullinan diamond mine
Cullinan diamond mine

Botswana Diamonds expands its land holdings in the Kalahari

By: Chanel de Bruyn     23rd May 2024 Diamond exploration company Botswana Diamonds has been granted four prospecting licences – covering just under 2 332 km2 – in the Kalahari of Botswana. The prospecting licences are in the same general area as Gem Diamonds' Ghaghoo mine, as well as Botswana Diamonds' own KX36 project. 

Botswana Diamonds chairperson John Teeling
Botswana Diamonds chairperson John Teeling

De Beers reports lower fourth-cycle rough diamond sales

By: Creamer Media Reporter      23rd May 2024 Diamond miner De Beers sold $380-million worth of rough diamonds during its fourth sales cycle of this year, compared with the $446-million of diamonds sold during the third sales cycle of this year. Sales were also lower than the $479-million of diamonds sold during the fourth sales cycle of 2023. 

Rough diamonds sold by De Beers

BHP has a week to convince Anglo its South African plan can work

By: Bloomberg     23rd May 2024 BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP... 

BHP CEO Mike Henry
BHP CEO Mike Henry
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Company Announcements

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now