Mining / Exploration

Venetia diamond mine to return to normal in H2, says De Beers

De Beers says production at its Venetia diamond mine, the largest in South Africa, should return to normal in the second half of this year, retaining its production at 2012 levels.

Of De Beers' production from South Africa last year of four million carats, three million carats were mined at the Venetia operation.

The miner decided earlier this year to invest $2.27 billion in the mine, extending it until 2042, however production has been hit by heavy rainfall.

Additional license area added in Mozambique, Botswana Diamonds announces

An extra license has been added to the recently-signed option deal with Mozambique firm, Morminas, a unit of the EIP Group of Portugal, Botswana Diamonds said.

As a result, three license blocks are being appraised on the Save River in Mozambique near the Zimbabwean border.

The Save River runs south-eastwards and drains an area of Zimbabwe including the Marange diamond region.

Dominion Diamond Corp has the money to buy BHP's 60% Diavik stake, says Bob Gannicott

Dominion Diamond Corp, formerly Harry Winston Diamond Corp, has the financial ability to buy Rio Tinto's majority stake in the Diavik diamond mine in northern Canada if the price is right, said Chairman and Chief Executive Officer Robert Gannicott .

Rio Tinto may pull out of the diamond business, while Dominion already owns 40 percent of Diavik, in Canada's Northwest Territories.

Angolan diamond company Endiama to protect antelope from diamond mining

Angola, the world's fifth-biggest diamond producer by value, will take all steps needed to protect an endangered antelope species, which serves as a national symbol, from the effects of diamond mining in a nature reserve, said state-owned company Endiama EP.

Endiama is considering moving the Capunda diamond concession it granted to KCC Lda., Yango Lda. and AM&BC Lda. in the Luando reserve, 400 kilometers southeast of Luanda, the capital, Endiama spokesman Antonio Freitas told the Bloomberg news wire service.

Botswana Diamonds widening activities with new projects, says Teeling

Botswana Diamonds is expanding its presence in Botswana, with one project in progress and two new potential projects for the future, Executive Chairperson John Teeling tells Mining Weekly.

Botswana posts sharp drop in 2012 diamond exports

Botswana posted a 28.7-percent drop on the year in diamond exports to US$3.1 billion in 2012 from US$4.15 billion in 2011, the central bank reported.

Rough diamond exports in December dropped sharply on the November figures – down 26.5 percent to US$266.1 million. However, the export figures were 34.6 percent higher than December 2011.

Botswana's national mining firm Debswana reduced diamond production during 2012 due to weaker demand for diamond jewelry around the world.

Lucara Diamond Corp posts higher-than-expected diamond output from Karowe

Lucara Diamond Corp says output from the Karowe mine in Botswana in 2012 was 12 percent higher than forecast at 303,060 carats compared with an outlook of 271,000 carats.

The miner, which has operations in Lesotho as well as Botswana, held five sales of rough diamonds from Karowe in 2012 generated US$54 million in revenues.

A 9.46-carat blue diamond was sold for $4.5 million, or $447,272 per carat.

In addition, other smaller blue diamonds were also discovered, including a 4.77-carat diamond which will be sold later this year.

Zimbabwe diamond company head calls for big rise in 2013 diamond production

Zimbabwe aims to increase by 100 percent its diamond output from the Marange diamond deposits this year, said a top mining official.

“We got $684.5 million from diamond exports in 2012,” Goodwills Masimirembwa, chairman of the state-owned Zimbabwe Mining Development Corporation (ZMDC) said in comments to the AFP news agency.

Masimirembwa said the country aims to raise exports this year to 16.7 million carats from the eight million carats sold in 2012.

New record price for gold as sovereign debt worries weigh on investors

Gold prices rose for the second straight day today (Wednesday), driven by rising fears over the spread of the European sovereign debt crisis as well as concerns over the fallout from the agreement between President Obama and Congress on raising the country's debt ceiling.

In addition, there are worries that the United States could lose its triple AAA credit rating.

Firestone Diamonds says police raided Liqhobong mine offices in Lesotho

Firestone Diamonds plc has confirmed a police raid at its Liqhobong mine site in Lesotho on January 16.

Police officers removed computer equipment from the site despite not having a search warrant or court order, the mining company said in a statement.

There has been no disruption or impact to the operations, Firestone said.

Syndicate content

External links are provided for reference purposes. The Diamond Portal is not responsible for the content of external internet sites.
Copyright © 2003 The Global Diamond Portal.

Powered by YCS - Yahalom Creative Solutions,Leveraging Technology.