De Beers on exploration spree as secures South Africa licences

Having trouble viewing this email?  View online Diamond News Digest Wednesday 7 February 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver De Beers on exploration spree as secures South Africa licences The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo. read » Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks The company, which last month found the world's fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017. read » These are top-10 global mining trends expected for 2018 Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year. read » Petra Diamonds shares crash on profit and output forecast cuts The stock fell by 21%, the steepest intraday decline since September, after the miner lowered production forecasts and confirmed that a stronger South African currency would knock annual profits. read » Botswana Diamonds stock crashes on lack of enough gems at Thorny River Diamonds recovered during sampling at the project were not sufficient to produce a modelled diamond valuation, said the company. read » Canada's Gahcho Kue diamond mine boosts Anglo American output, but copper flat The company beat expectations on Thursday with a 5% increase in 2017 production. read » Caterpillar beats estimates again, delivers bullish outlook for 2018 The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018. read » Alrosa inks long-term diamond supply deals with 67 clients Miner aims at selling around 40 million carats of diamonds in 2018 provided market conditions are favourable. read » Zimbabwe mulls scrapping majority black ownership on diamond, platinum sectors President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them. read » Irish diamond miner to expand in Finland Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region. read » Gem Diamonds on a roll, now finds 149-carat rock The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine. read » De Beers' diamond venture in Namibia axing at least 130 jobs Move seeks to ensure the sustainability of Namdeb land-based operations. read » Lucapa finds monster diamonds at Lulo, including largest coloured one The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago. read » De Beers readies technology aimed at eliminating 'conflict diamonds' Firm is developing open platform that traces diamonds from mine to buyer. read » Following detention, journalist publishes controversial story about Venezuela's Mining Arc Rampant violence and corruption are the norm in the mines of the southern Guayana region. read » Gem Diamonds shares on fire as miner finds 910-carat rock Massive find is believed to be the fifth biggest gem-quality diamond ever found read » Alrosa buys stake in Angola's largest diamond deposit for $70 million Deal provides the diamond giant with access to a production base outside Russia. read » Alrosa 2017 sales fall to $4.3bn on lower average price for rough diamonds Russian miner said the price decline for rough diamonds was due to the changed sales assortment resulting from an increased demand for small-sized rough rocks from India. read » Gem Diamonds, Lucapa kick off 2018 with massive findings The rival companies have unearthed three diamonds larger than 100 carats each. read » Anglo takes down South Africa sale sign and may even buy Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling. read » Pile-of-cash dilemma for mining industry once crippled by slump With metals from zinc to palladium trading at multi-year highs, four of the world's top producers generated combined free cash flow last year of about $87 million a day. read » Lulo diamonds sell for A$11.4 million The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192. read » Argyle pink diamond coin unveiled in Berlin Rio Tinto and The Perth Mint are delighted to unveil the first pavé set Argyle pink diamond gold coin. read » Commodity boom has a dark side as cost creep erodes windfall Mining and metal companies are rediscovering the downside of rallying prices: higher costs. read » Diamond prices on the rise this year Diamond market sentiment improved in January, with firm prices after retailers reported a better-than-expected holiday season. read » Lucapa finds over a hundred diamonds at Australian project The 119 diamonds recovered from the Little Spring Creek lamproite drill core samples included seven macro diamonds and 112 micro-diamonds. read » Read more Diamond news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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