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De Beers
Debswana Mourns Death of Albert Milton
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
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
Lucapa diamond montage
Mothae Diamond Fetches $37K/ct.
Lucapa Diamond Company garnered $3.8 million from the saleof rough stones from its Mothae mine in Lesotho, with one stone going for $36,664 per carat. The miner sold 5,411 carats at tender...
Mining Feb 28, 2019 Rapaport News
Lucapa
Lucapa Moves into Diamond Manufacturing
Lucapa Diamond Company plans to cut and polish select stonesin-house in an effort to maximize value for its shareholders.Third-party manufacturers charge high fees without adding significant value, explained CEO Stephen Wetherall in a recent interview. Bypassing...
Mining Feb 24, 2019 Leah Meirovich
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
Lucapa 150
Lucapa Sells $2M of Rough from Lulo Mine
Lucapa Diamond Company garnered $2 million at its July saleof diamonds from the Lulo mine in Angola, it said Tuesday. The miner sold 2,527 carats of alluvial rough at the tender,fetching an average price of $800 per carat....
Mining Jul 25, 2018 Rapaport News
Lulo
Lucapa Continues Big-Diamond Streak
Lucapa Diamond Company has found a 114-carat stone at its Lulo mine in Angola, it said Wednesday. The diamond, which it recovered from Lulo’s alluvialmining block 6, is the 11th over 100 carats the company has unearthed,...
Mining Jul 11, 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
Lucapa Pink diamond
Lucapa Finds 46ct. Pink Rough at Lulo
Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which...
Mining May 06, 2018 Rapaport News
De Beers Orapa Mine
De Beers Raises Output in Healthy Market
De Beers’ production grew during the first quarter as the company reached full capacity at its Gahcho Kué mine in Canadaand increased output in Botswana. The miner’s global production jumped 15% year on year to 8.5million carats...
Mining Apr 24, 2018 Rapaport News
New Mine Drives De Beers Production Jump 150
New Mine Drives De Beers Production
De Beers production jumped 22% to33.5 million carats in 2017, driven mainly by increased output from its Gahcho Kué andOrapa mines, the company reported Thursday.The Gahcho Kué mine, in which De Beers has a 51% stake,...
Mining Jan 25, 2018 Rapaport News
De Beers Sorting
De Beers Sees Sales Volume Rise
De Beers’ sales volume and production jumped in the thirdquarter as the market stabilized and due to the contribution of the recently launched Gahcho Kué mine in Canada.Rough-diamond sales grew 21% to 6.9 million carats in thethree months...
Mining Oct 25, 2017 Rapaport News
Botswana Diamonds Exploration
Alrosa Gets New Botswana Exploration Permits
The Botswana government has awarded six new prospecting licenses to Sunland Minerals, a diamond exploration partnership between Alrosa and Botswana Diamonds.The licenses are valid until March 2020, with four of them covering 3,135...
Mining Apr 26, 2017 Rapaport News
Rough Diamonds
Botswana Diamonds Starts Drilling at Orapa Pipe
Botswana Diamonds saiddrilling commenced at one of its kimberlite pipes in the Orapa region ofBotswana.The drillingstarted at pipe AK 22, within license PL 260, which is part of a 50:50joint venture between the company and Russian miner ALROSA. Botswana...
Mining Oct 19, 2016 Rapaport News
Tango Firestone BK11 mine Botswana
Firestone Extends BK11 Financing Deadline Again
Firestone Diamonds agreed to push back the deadline for thesale of its Botswana operations to Tango Mining for the fourth time to enablethe buyer to finalize funding. The announcement came as Tango agreed a $10million loan to finance...
Mining Aug 30, 2016 Rapaport News
Pangolin Diamonds
Pangolin Starts Botswana Drilling Project
PangolinDiamonds Corp. commenced drilling for kimberlite at its Motloutse DiamondProject in Botswana’s Orapa region where the country’s first diamonds wererecovered in 1959.The“percussion” drill program is anticipated to be completed within the nexttwo weeks and the results...
Mining Jul 27, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Raises $722K for Orapa Project
BotswanaDiamonds sold shares for $721,500 (GBP 500,000) to fund ongoing diamond exploration at its jointproject withALROSA and for additional working capital.The companyplaced 33.3 million ordinary shares, or 9.9 percent of its share capital, withnew...
Mining May 08, 2016 Rapaport News
De Beers Mining Area 1 Namibia
De Beers Reduces 1Q Output by 10%
De Beers diamond production slid 10 percent to 6.9 millioncarats in the first quarter as the miner reduced output in response to marketconditions.Production from Debswana, a joint venture with the Botswanangovernment, fell 5 percent to 5.3 million carats in the three...
Mining Apr 21, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Kicks Off Orapa Exploration, Reports $388M Loss
Botswana Diamonds widened its loss in the first half of itscurrent fiscal year, thecompany said, as it kicked off its exploration project in Botswana with partnerALROSA.The loss grewto $388.4 million (GBP 274 million) in the six...
Mining Mar 28, 2016 Rapaport News
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