Mining / Exploration
Production activity at the diamond-mining operations in Yakutia and the Arkhangelsk region is continuing as usual.
The following measures are being taken due to the pandemic threat:
- All business trips abroad are cancelled, while business trips in Russia are carried out only if absolutely necessary;
Mountain Province Diamonds Inc. today announced that in light of recent events related to the Covid-19, it is delaying the release of its year end results, originally scheduled for March 16th, by one week to March 23rd 2020 after market hours, within the statutory period for the release of annual financial information.
Gem Diamonds Limited said it recovered an exceptional 183 carat white Type IIa diamond on February 3 from the Letšeng mine in Lesotho.
The miner also recovered two high quality diamonds, one weighing 89 carats and the other of 70 carats on the same day from the mine which it describes as the highest dollar per carat kimberlite diamond mine in the world.
De Beers Group today announced the value of rough diamond sales for the first sales cycle of 2020: US$545 million (provisional).
Bruce Cleaver, CEO, De Beers Group, said: "Demand for rough diamonds increased during the first Sight of 2020 following the end of year selling season and subsequent inventory restocking."
Sight 1 was held from 20 January - 24 January
ALROSA plans to hold 34 international auctions for special size rough diamonds (weighing over 10.8 carats) in 2020.
In Q1, the company will have seven auctions, while in Q2 there will be eight, in Q3 it will hold seven, and in Q4 there will be 12 auctions.
The International Gemological Institute (IGI), has joined forces with John Glajz, a Singapore-based authorized partner of Argyle Pink Diamonds for nearly 25 years, to certify these gems, which are some of the rarest in the world, creating The Collector’s Edition: An Exclusive Selection of Argyle Pink Diamonds.
A delegation of ALROSA's management, led by CEO Sergey Ivanov, met with representatives of the industry's largest banks and non-bank financial institutions to discuss the latest trends and developments in the diamond industry as part of a workshop hosted by the company.
ALROSA and Zimbabwe Consolidated Diamond Company (ZCDC) have signed a number of agreements to finalize a creation of a joint venture for prospect and exploration works for primary diamond deposits in the Republic of Zimbabwe.
A shareholder agreement and a JV establishment agreement were signed by Sergey Ivanov, ALROSA CEO, and Killian Ukama, Eng., a Non-Executive Board Chairman of ZCDC.
According to the agreements, ALROSA owns 70% of ALROSA (Zimbabwe) Limited JV, Zimbabwean state-owned diamond mining company gets 30%.
Israeli billionaire Dan Gertler has been placed on the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned individuals list due to his business ties with President Joseph Kabila of the Democratic Republic of Congo (DRC).