martes, 6 de noviembre de 2018

World’s two top diamond miners join forces to test blockchain pilot

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Diamond News Digest
Wednesday 7 November 2018
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Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

EY's Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.

The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.

Villagers living around the Marange diamond fields would benefit.

The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.

The Westhaven surge is a reversal of fortune for Gren Thomas, who got his share position by bankrolling the company, keeping it afloat through years of struggle and shoestring budgets.

Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.

The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.

Epiroc and Kimberley Ekapa Mining are working together to digitize the latter's diamond operations.

If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.

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