Alrosa, one of the world's leading diamond miners has initiated a decision-making protocol that will determine if the company's diamond mine at the famous Mir pipe is to be permanently decommissioned or fully restored. The protocol will require deep level exploration down to -1,300 meter to confirm the mine's reserves. These activities are scheduled to be completed by early 2022. Budg...Read More
For the ninth year in a row, Initiatives in Art and Culture (IAC) has created a two-day gathering of experts and visionaries working across various fields related to gold. From journalists and jewelry designers, to environmentalists and government regulators, an international gathering of those passionate about gold will discuss challenges the precious metal and its surrounding industries face tod...Read More
Russian state-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday.Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diam...Read More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess' subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations f...Read More
Rio Tinto (ASX, LON: RIO), the world's second largest miner, is recommending shareholders to vote against a resolution requiring the company to release its direct emissions details and strategies on how its greenhouse gas emissions and those of its customers can be cut.In a letter from chairman Simon Thompson, Rio urged investors to vote against the proposed rule change that would have the miner t...Read More
Russian diamond miner Alrosa said on Monday studying whether it's viable to reopen it Mir mine which was shuttered in August 2017 due to flooding, would take more than 4 years.According to the state-controlled company the work requires deep level exploration down to -1,300 metres to confirm the mine's reserves and will cost about $30.3 million (RUB2 billion).Exploration are scheduled to be complet...Read More
RAPAPORT... Debswana, De Beers' Botswana joint venture, 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 an estimated 53 million carats of roughdiamonds, the company said Monday. "With global consumer demand for diamonds reaching recordlevels in 2018, the extension wi...Read More
RAPAPORT... A pink diamond from Namibia's offshore drilling programfetched $17,000 per carat at a tender in Antwerp. The 5.71-carat stone fetched $97,076 at the sale, the firstDiamond Fields Resources has held since resuming mining in 2018, it said lastweek. The company also sold 47,298 carats of high-quality whiteand colored rough stones for $1.1 million, it noted. It sold all the diamonds...Read More
RAPAPORT... Mining operations at Alrosa's Mir deposit won't resume until at least 2030, as the company carries out work on the site that could take up to 13 years. It will take approximately five years for the miner to conduct deep-levelexploration and designwork that will enable it to open the site safely. That will costthe company RUB 2 billion ($30.9 million), Alrosa said Monday. Alr...Read More
Albert Milton, the managing director of Botswana's Debswana Diamond Mining, announced that Debswana aims to keep production at around 24 million carats this year, Reuters reported. Debswana is a joint venture between De Beers and Botswana's government. In 2018, Debswana's production increased with six percent, reaching 24.1 million carats, its highest output in the past four years. Th...Read More
Alrosa reported last week that net profit had risen with some 15 percent to reach $1.4 billion in 2018. The announcement followed earlier reports that the company's sales volume had dropped with eight percent compared to 2017. Higher price levels for goods sold, however, caused sales to rise $4.4 billion, a value increase of six percent, the leading diamond miner said. "The key financial d...Read More
LONDON – Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday.Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It ha...Read More
More than 450 students, GIA (Gemological Institute of America) alumni, job seekers and industry professionals connected with 56 companies looking to hire and 23 career coaches offering expert advice at GIA's New York Jewelry Career Fair on Friday, March 8. The annual event paved the way for new talent and those looking to enter the gem and jewelry industry with a unique opportunity to network dire...Read More
JOHANNESBURG – A deadly mine collapse in Angola has left at least 30 people dead. The incident occurred in Chipindo municipality in Angola’s south-west Huila Province as illegal gold miners mined for gold, the state media reported on Sunday.AdvertisementRadio Nacional de Angola (RNA) reports said the mine collapsed due to ground humidity.Huíla Province, about 904 km south o...Read More
Mine restoration at the Mir diamond mine, which flooded about a year-and-a-half ago, is only expected to start after 2024, Russian miner Alrosa reported on Monday, detailing the timelines for the potential restart of the Siberian underground operation.To decide on the mine’s fate, Alrosa would start on exploration down to 1 300 m to confirm the operation’s reserves. Budgeted to co...Read More
RAPAPORT... Mining operations at Alrosa's Mir deposit won't resume until at least 2030, as the company carries out work on the site that could take up to 13 years. It will take approximately five years for the miner to conduct deep-levelexploration and designwork that will enable it to open the site safely. That will costthe company RUB 2 billion ($30.9 million), Alrosa said Monday. Alr...Read More
The Debswana Diamond Company (Debswana) on Monday announced the start of its Cut-9 project, which is aimed at extending the life of the Jwaneng mine, in Botswana, to 2035.The project is expected to yield an estimated 53-million carats of rough diamonds from 44-milllion tonnes of treated material.AdvertisementDebswana – a joint venture between the government of Botswana and De Beers Group &nd...Read More
The world's top diamond producer by output, Alrosa (MCX:ALRS), published this week an updated estimate of its Joint Ore Reserves Committee or JORC reserves and resources."The JORC Code-compliant report from Micon's independent experts estimated Alrosa's diamond resources and reserves as of 1 July 2018 at 1,064 million carats and 628 million carats, respectively," the miner said in a press release....Read More
RAPAPORT... Angola's national diamond-trading company, Sodiam, has agreed tohold its first rough tender in Israel. Representatives from Israel's government and diamond industry reached the deal with Angolan officials during a recent visit to the African country, the Israel Diamond Exchange said last week."Israel and Angola have many commoninterests, and we see a real opportunity to stren...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has specified theneed to disclose treatments to both natural and lab-grown diamonds. Sellers must make the disclosure clearly, both at the time of sale and before, the organization noted in guidelines it released last week. The same instructions apply to natural and synthetic colored gemstones, CIBJO said. The guidelines apply to any ston...Read More