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De Beers
Debswana Boss Albert Milton Dies
Albert Milton, managing director of De Beers’Botswana joint venture, has died, the company said Friday. Milton passed away early Friday morning after becomingunwell Thursday night in Johannesburg, where he was admitted to the hospital. “De...
Mining Aug 18, 2019 Rapaport News
Large Canadian rough diamond in palm of hand, GSS
Diamond Glut Prompts De Beers to Slash Production
De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due...
Mining Jul 18, 2019 Rapaport News
Iherzolite
De Beers Identifies New Kimberlite Indicator
The discovery of a new source-rock indicator for diamondformation has the potential to help geologists locate and identify valuablediamond deposits around the world, a study by the University of Alberta and DeBeers shows. “The outcome of the...
Mining Jun 27, 2019 Leah Meirovich
De Beers Venetia 150
De Beers Sales and Production Drop
De Beers’ sales volume fell 15% to 7.5 million carats in thefirst quarter, as overall demand for lower-value rough goods remained soft.Production for the three months ending March 31 dropped 8%to 7.9 million carats due...
Mining Apr 28, 2019 Rapaport News
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
De Beers
De Beers Merges South Africa, Canada Assets
De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Kué...
Mining Feb 26, 2019 Rapaport News
De Beers Veneita
Higher Costs Hit De Beers Profit
De Beers’ earnings fell in 2018 due to the costs of new initiatives such asits Lightbox synthetics business.Underlying earnings slid 34% to $349 million, as capital expenditure rose 53% to $417 million for the year, the company...
Mining Feb 21, 2019 Rapaport News
Debswana
Jwaneng Chief to Head Debswana
Debswana, De Beers’ Botswana joint venture, has appointedJwaneng mine chief Albert Milton as managing director. Milton will take up the position on December 1, succeedingBalisi Bonyongo, who is retiring, De Beers said Wednesday. Bonyongo will remainat Debswana...
Mining Nov 22, 2018 Rapaport News
De Beers
De Beers Production and Sales Slide
De Beers’ production fell 5% to 8.7 million carats in thethird quarter due to planned reductions in mining volumes in Botswana and SouthAfrica. The miner processed lower-grade ore at its Jwaneng mine inBotswana, resulting in overall output for Debswana...
Mining Oct 23, 2018 Rapaport News
Diamcor Blue 140
Diamcor Loss Deepens in First Quarter
Diamcor saw its loss more than triple in the first fiscalquarter, as revenue slumped due to weaker production and a lower average priceat its South Africa-based alluvial-mining operation. The company reported a net loss of $1.8...
Mining Sep 02, 2018 Rapaport News
Diamcor 150
Higher Average Price Drives Diamcor Rise
Revenue at Diamcor Mining increased 3% during the mostrecent fiscal year, boosted by a higher average price, the miner said Monday. Rough-diamond sales rose to $4.6 million during the 12months ending March 31, the company...
Mining Aug 01, 2018 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
Botswana 150
Botswana Diamonds’ Kimberlite Find Unviable
Botswana Diamonds will not continue exploration of the Ontevredenpipe in South Africa, after discovering it was smaller than previouslyexpected, it said Wednesday. “Modern mineral exploration technology is not a magic bullet,”said chairman John Teeling. “Modern geophysics...
Mining Jun 06, 2018 Rapaport News
De Beers Venetia mine
De Beers Aims for Carbon-Neutral Mining
De Beers is looking to make some of its mines carbon-neutralwithin half a decade by storing carbon dioxide inside kimberlite rocks.The rough producer is investigating ways to acceleratethe naturally occurring process by which kimberlite reacts with carbon toremove carbon...
Mining May 07, 2017 Rapaport News
venetia
De Beers 2Q Production +7%
De Beers production rose 7 percent year on year to 8.515 million carats in the second quarter of 2014, Anglo American reported. The increase was largely due to higher output at the company's Venetia mine, following pit flooding...
Mining Jul 17, 2014 Deena Taylor
Jwaneng Mine, Botswana
De Beers 1Q Production +18%
De Beers production rose 18 percent year on year to 7.532 million carats in the first quarter of 2014, Anglo American reported. The increase was largely due to easy annual comparisons since one year ago, production was...
Mining Apr 24, 2014 Deena Taylor
Jwaneng Operations
Debswana to Consider Another Pit Expansion at Jwaneng
The Jwaneng mine, the world's richest mine by value, is considering another project to extend the mine's life. Jwaneng's general manager, Alan Milton, said that the new project, known as Cut-9, could come before...
Mining Nov 07, 2013 Deena Taylor
Jwaneng Mine, Botswana
De Beers 2Q Production +10%
Anglo American reported that its second quarter diamond production from De Beers grew 10 percent year on year to 7.931 million carats. The increase reflected improved grades at the Orapa and Jwaneng mines, offset by lower...
Rough Markets Jul 18, 2013 Deena Taylor
Philippe Mellier
De Beers to Appoint Chairman in July
De Beers will appoint a new chairman at its next board meeting in mid-July, according to its CEO, Philippe Mellier, who spoke to the press on Wednesday.“Our next board meeting is three weeks from now and it will be the...
Mining Jun 26, 2013 Avi Krawitz
Venetia Mine Processing
Diamcor Completes Upgrades at Krone-Endora at Venetia
Diamcor Mining Inc. completed upgrades for procurement, delivery, construction and installation of a vast majority of its equipment and infrastructure to expand the quarrying and infield screening operations at the Krone-Endora at Venetia project in South Africa....
Mining Mar 13, 2013 Jeff Miller
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