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Eira Thomas Confident Lucara Can Navigate Crisis
The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs...
Mining Jun 22, 2020 Avi Krawitz
De Beers Donation
De Beers Bolsters Coronavirus Aid Package
De Beers and its parent company Anglo American have contributed an additional $3 million in aid to help mitigate the economic impact of COVID-19.The donation, announced Monday, will be split between two emergency finance bodies in South Africa,...
Mining Apr 21, 2020 Rapaport News
De Beers Orapa mine
Market Slump Prompts Botswana Downgrade
S&P Global Ratings has lowered Botswana’s credit rating, citing weaker diamond revenues because of the current global recession.The credit agency downgraded the country’s long-term sovereign credit rating to “BBB+” from “A-,” indicating...
Mining Mar 30, 2020 Rapaport News
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
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
Okavango
Botswana Unveils 20ct. Okavango Blue Diamond
Okavango Diamond Company (ODC) has revealed a 20-caratpolished stone, the largest blue diamond to come out of Botswana. The Gemological Institute of America (GIA) has graded the oval brilliant-cut, type IIb diamond as fancy deep...
Polished Markets Apr 17, 2019 Rapaport News
Debswana
De Beers Extends Jwaneng Mine Life
Debswana, De Beers’ joint venture with Botswana, has launched a new project set toextend the life of its Jwaneng mine until 2035. The Cut-9 expansion, which will cost Debswana approximately$2 billion, is expected to produce...
Mining Mar 18, 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
Okavango
Okavango Revenue Falls in First Half
Sales at Okavango Diamond Company (ODC) dropped 16% to $260 millionin the first half of 2018 due to a limited supply of rough, Reuters reported. Sales volume declined 1.7% to 1.8 million carats, theBotswana-based trading company added...
Rough Markets Aug 21, 2018 Rapaport News
Botswana 150
Botswana’s Rough Exports Drop in 1H
Exports of rough diamonds that De Beers mined in Botswanadeclined 2.5% to $1.67 billion in the first half of 2018, according to data thenation’s central bank released this week. Shipments fell 6% year on year to $758.1 million in thesecond quarter,...
Rough Markets Aug 02, 2018 Rapaport News
De Beers 150
De Beers Sales Volume Rises in Positive Market
De Beers’ sales volume and production grew sharply in thesecond quarter amid strong trading conditions, the miner’s parent companyreported Thursday. Rough-diamond sales rose 69% to 10 million carats during thethree months ending June 30,...
Mining Jul 19, 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
Lucara 150
Karowe Firm Gets First Female Boss
Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. “I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti,...
Mining May 02, 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
Botswana Rough Exports Fall in 2017 150
Botswana’s Rough Exports Drop
Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the...
Mining Jan 31, 2018 Rapaport News
Okavango
Okavango Annual Rough Sales Increase
Botswana’s Okavango Diamond Company (ODC) reported that rough sales rose 4% in 2017, boosted by higher prices achieved at its auctions. Sales totaled $567 million for the year, compared to $546 million in 2016, the state-owned...
Mining Jan 15, 2018 Rapaport News
Jwaneng Mine, Botswana
Diamond Rebound Prompts Botswana Upgrade
Standard and Poor’s (S&P) has raised Botswana’s economicoutlook from negative to stable, citing an upturn in the diamond sector.“The recovery in diamond production and prices has improvedBotswana’s external and fiscal performance,” the ratings agency...
Mining Oct 31, 2017 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 Orapa Debswana De Beers mine
Botswana Rough Exports Drop
Botswana’s rough-diamond exports declined 9% year on year in the first half, according to data the Bank of Botswanareleased recently. Exports grew 3% year on year to $849.6 million in the firstquarter, but fell 18% to $804.1 million in the second...
Rough Markets Aug 21, 2017 Rapaport News
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