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De Beers Production
De Beers Makes Dramatic Cut to Production Plan
De Beers has reduced its full-year production guidance by 7 million carats, putting the miner on course for its lowest output since 2009. The miner expects to produce between 25 million and 27 million carats in 2020, compared...
Mining Apr 23, 2020 Rapaport News
De Beers Jwaneng mine
De Beers Pauses Botswana Mining
De Beers’ mining operations in Botswana have been on hold for more than two weeks amid a national lockdown, the company told Rapaport News.Debswana, the company’s joint venture with the government, paused activities on April...
Mining Apr 19, 2020 Rapaport News
Jwaneng
De Beers Converting Facilities to Tackle Virus
De Beers is using its mining sites in Botswana and its technology production center in the UK to help the fight against COVID-19.Debswana, the company’s joint venture with Botswana, is making facilities available for the government to use...
Mining Apr 06, 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
Lucapa
Higher-Grade Ore Boosts Lucapa Production
Lucapa Diamond Company’s output rose in the third quarter,as the miner fully transitioned to the higher-grade portions of it Mothae andLulo deposits. The miner recovered 7,007 carats from its Mothae mine inLesotho during the...
Mining Oct 28, 2019 Rapaport News
De Beers
De Beers Slashes Output Amid Diamond Glut
DeBeers’ production dropped in the third quarter as the miner responded to a declinein rough demand that has left it with an inflated stockpile of diamonds. Outputfell 14% to 7.4 million carats for the period amid planned mine...
Mining Oct 22, 2019 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
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
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