De Beers diamond output to peak this year thanks to Gahcho Kue

Having trouble viewing this email?  View online Diamond News Digest Wednesday 7 March 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver De Beers diamond output to peak this year thanks to Gahcho Kue The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017. read » Diamond-backed raffle for "world's most expensive dinner" canceled The experience would include $17,000 diamond chopsticks and an 18-course dinner prepared by the Michelin-starred team from Jaan. read » Villagers denounce irregular operations by the Zimbabwe Consolidated Diamond Company They say diamonds have become a curse instead of a blessing for those living in the Mutare West region. read » Thirty-three illegal miners arrested at abandoned site in South Africa According to the Chamber of Mines of South Africa, illegal miners in the country usually belong to organised crime syndicates. read » Stellar Diamonds mulls takeover offer as losses deepen Miner posted a net loss of $984,928, compared to a $663,145 loss a year earlier, due to an increase in costs of developing its Tongo-Tonguma diamond project in eastern Sierra Leone. read » Lucapa fetches $1.7 million in diamond sales from Lulo Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731. read » Stellar Diamonds Sierra Leone project takes key step forward Funding for the project has not been secure yet, though the miner is in talks with Newfield Resources over a possible offer. read » Venezuelan government defends Mining Arc, environmentalists say it's not working Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers. read » Lucara Diamond names new CEO, invests in digital sales platform Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain. read » 5 record breaking gemstones even billionaires can't buy The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher. read » Zimbabwe resumes diamond sales, expects to auction 1.56 million carats A test sale was conducted and, according to the Minister of Mines, it was a total success. read » Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden. read » Canada the world's overall top mining destination, despite Saskatchewan fall That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year. read » Apple in talks to buy cobalt directly from miners — report Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage. read » INFOGRAPHIC: The true costs of artisanal mining Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs? read » Fura Gems to restart Colombia's iconic Coscuez emerald mine in April New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry." read » Botswana Diamonds just raised more than $695K to boost exploration Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said. read » Gemfields reveals and denies fresh human rights abuse claims in Mozambique As part of Gemfields' philosophy of "total transparency", the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies. read » Lucapa recovers first diamonds from Lesotho mine The largest diamond recovered in the first test run was 6.6 carats. read » Global diamond supply expected to decrease this year Paul Zimnisky, an independent diamond industry analyst, estimates supply will fall 3.4% to 147 million carats. read » Angola offers former dos Santos diamond rights to investors Angola is one of the world's top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war. read » Petra Diamonds' first-half core earnings fall 8% Petra was hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania. read » De Beers' Namibia venture puts mine up for sale, at least 130 jobs to go Namdeb, a 50/50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, has put its Elizabeth Bay Mine up for sale. read » Political shifts lift investor mood in southern African mining Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. read » Zimbabwe to consider waivers on platinum, diamonds ownership law Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens. read » Sotheby's expects over $33 million for world's largest, rarest, flawless round diamond The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces. read » ALROSA rough diamond reserves grew to almost 1.2 billion carats in 2017 Total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year. read » De Beers rough diamond sales for Cycle 2, 2018 De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2018. 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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