JOHANNESBURG (miningweekly) – Diversified mining and marketing company Anglo American on Thursday announced its intention to return up to $1-billion to its shareholders through an immediate on-market share buyback programme to reduce the company’s issued share capital.The programme, which will be executed in two $500-million tranches, will end not later than March 31.AdvertisementInves...Read More
PERTH (miningweekly.com) – ASX-listed Newfield Resources on Thursday approved the $29.4-million development of the Tongo diamond mine, in Sierra Leone, announcing that it would raise $30.5-million through the issue of unsecured corporate bonds.“We are delighted to have agreed a funding package that allows us to commence construction of the company’s flagship Tongo diamond mine de...Read More
RAPAPORT... Oprah Winfrey or Victoria Beckham? Rapaport Magazine asked four industry members to name the celebrity whose bling they would love to access. Here are their answers.Elisabeth Austin Founder, DiamondRunway.comDo I get to "keep" or do I only get to "borrow" from myraid? It raises questions, as I typically see the private citizenry to bericher with inspired collectors than the celebr...Read More
RAPAPORT... Nonprofit organization Mercury Free Mining (MFM) hasorganized a global challenge campaign to eliminate the use of the dangerous metal in the industry,with the winning idea earning a $1 million prize, it said Tuesday. More than 15 million artisanal gold miners inadvertentlyrelease 8,000 pounds of mercury into the environment every day, causingirreversible neurological damage, MFM e...Read More
RAPAPORT... De Beers is studying how to eliminate the carbon footprintof diamond mining by storing the emissions inside kimberlite, it saidWednesday. The miner recently received a government grant of CAD675,000 ($514,000) to test the process at its Gahcho Ku?(C) mine in Canada, havingcarried out successful laboratory experiments. The project involves injecting carbondioxide into processed kim...Read More
Severalmaz, the Lomonosov mining and processing division of Alrosa, said that in the first half of this year, it had increased its production with 21 percent to more than 1.9 million carats of rough diamonds, 340,000 carats more than in the same period of 2018. In January-June, the Lomonosov mining and processing division mined 1.8 million tons of ore and processed almost 1.7 million tons. More th...Read More
De Beers Group's carbon-capture research at the Gahcho Kue mine in Canada has received a funding boost following the award of a C$675,000 grant from Natural Resources Canada's Clean Growth Program towards pioneering research in partnership focused on delivering carbon-neutral diamond mining. The project in Canada is part of a De Beers Group global research program that includes studies,...Read More
In response to the severe global health and ecological impacts resulting from the use of mercury by artisanal gold miners (ASGM), a major new effort to address this issue is being launched by Mercury Free Mining (MFM). https://www.mercuryfreemining.org/ More than 15 million subsistence gold miners inadvertently release 8,000 pounds of mercury into the environment every day causing irreversib...Read More
Fashion designer Stella McCartney is calling on consumers to protect the planet with her fall 2019 campaign, the Women's Wear Daily (WWD) website reported. "It's as much of a fashion statement as it is a political one with individuals such as Amber Valletta, members of the climate activist group Extinction Rebellion and primatologist and chimpanzee expert Jane Goodall taking part." "The...Read More
Two Canadian mines will pilot University of British Columbia- (UBC-) led research that combats greenhouse-gas (GHG) emissions by trapping carbon dioxide (CO2) in mine tailings, the waste left over from ore mining.The technology, the UBC says, could drastically reduce the GHG emissions of mining operations and result in the world’s first GHG neutral mine.AdvertisementThe project – a col...Read More
RAPAPORT... Tango Mining sold a 19.87-carat rough diamond for $4,358 percarat, one of a number of high-value stones up for tender from its Oena projectin South Africa. The miner sold 230 stones totaling 531.82 carats from itsMay 9 to July 7 production. It achieved anaverage price of $1,382 per carat for rough at the sale. The company also sold a 49.6-carat diamond for $2,561 percarat, a...Read More
RAPAPORT... The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous - whichwill take place on September 9 - will cover topics including diamondmining, the current state of the market, colored diamonds, and the gemologicaland historical aspects of natural diamonds. Martin Rapaport, Cha...Read More
RAPAPORT... Gem Diamonds has recovered a diamond weighing 123.5carats, its third white stone over 100 carats this year, and its second thismonth. It found the high-quality, type II stone at its Let??eng minein Lesotho on July 20, the company said Tuesday. The miner also unearthed a140-carat white diamond from the deposit on July 6, and a 161-carat stone inMarch. In total, the company has ret...Read More
RAPAPORT... Luk Fook's same-store sales decreased 10% year on year inthe first fiscal quarter amid an unfavorable comparison with last year and the impact of the US-Chinatariff war. Total same-store sales - at Luk Fook outlets open for morethan a year - in Hong Kong and Macau dropped 10% in the three months ending June 30. Same-store gold sales plunged 20%, while gem-set jewelry purchasesgrew...Read More
In an interview with IGTV, Stuart Brown, Chief Executive Officer (CEO) at Mountain Province Diamonds (MPD) said that "over the last five years we've probably seen too much supply of rough going into the market." Brown came to MNPD after a long career in the diamond mining industry. He spent most of his career with De Beers. De Beers is responsible for the mining side of the joint venture. In...Read More
In his first -ever blog, Ernest Blom, president of the World Federation of Diamond Bourses, argues that the Kimberley Process Certification Scheme (KPCS) is slow because one of the most hot potatoes is ignored.The KPCS, he wrote,is one of the great accomplishments of the worldwide diamond community of the last two decades, as more than 99.5 percent of the diamonds produced fall under a certificati...Read More
BlueRock Diamonds PLC, a diamond miner listed BlueRock Diamonds plc, listed on the AIM in London, reported it had sold a 12.2 carat diamond for $105,000. The price per carat realized stood at $8,584. BlueRock Diamonds owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. Blue Rock said that this diamond is the second most valuable diamond the firm had recovered to d...Read More
RAPAPORT... The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous - whichwill take place on September 9 - will cover topics including diamondmining, the current state of the market, colored diamonds, and the gemologicaland historical aspects of natural diamonds. Martin Rapaport, Cha...Read More
RAPAPORT... Gem Diamonds has recovered a diamond weighing 123.5carats, its third white stone over 100 carats this year, and its second thismonth. It found the high-quality, type II stone at its Let??eng minein Lesotho on July 20, the company said Tuesday. The miner also unearthed a140-carat white diamond from the deposit on July 6, and a 161-carat stone inMarch. In total, the company has ret...Read More
RAPAPORT... Gem Diamonds has recovered a diamond weighing 123.5carats, its third white stone over 100 carats this year, and its second thismonth. It found the high-quality, type II stone at its Let??eng minein Lesotho on July 20, the company said Tuesday. The miner also unearthed a140-carat white diamond from the deposit on July 6, and a 161-carat stone inMarch. In total, the company has ret...Read More