The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to the mine’s two main shareholders has been approved by Angolan President João Lourenço. He signed the decree authorising the deal earlier this month, Russian diamond mining group Alrosa has reported. The value of the deal is $140-mill...Read More
With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose.This renewed investor interest suggests that the African mining sector is likely to benefit from increased investment this y...Read More
MOSCOW – Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday.The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine last year although reserves would allow it to keep sales steady.AdvertisementIt expect...Read More
JOHANNESBURG (miningweekly.com) – Buoyed by stronger trading conditions and a contribution from the ramp-up of its Canada-based Gahcho Kué mine in the fourth quarter of 2017, diamond giant De Beers increased its total rough diamond production for the year by 22% to 33.5-million carats, boosted by a 5% increase in production in the fourth quarter to 8.1-million carats.However, among ot...Read More
JOHANNESBURG (miningweekly.com) – Further geological work will be conducted at diamond exploration and project development company Botswana Diamonds’ Thorny River project, in Limpopo, to further refine grade and revenue estimates and extend volume estimates. “We have made rapid progress at Thorny River with the generation of volume and grade estimates following intensive exp...Read More
JOHANNESBURG (miningweekly.com) – Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai.The Indian office is scheduled to open in March.AdvertisementVimadalal will be responsible for cooperating with local industry organisations and advising clients on technical iss...Read More
ABIDJAN – Côte d'Ivoire's mining sector turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel, a government spokesperson said on Wednesday."The mining sector announced a sales revenue of 539-billion CFA francs ($1.02-billion) in 2017, compared to 483-billion in 2016," government spokesperson Bruno Nabagne Kone said after...Read More
RAPAPORT... Signet will implement a new organizational structurecomprising two separate reporting lines that will both answer topresident and chief customer officer Seb Hobbs (pictured). The move is intended to strengthen Signet's efforts to"drive profitable comparable-store sales growth and deliver exceptionalcustomer experiences," said David Bouffard, Signet's vice president of corporate a...Read More
RAPAPORT... Attendancewas strong at the January edition of VicenzaOro, spurring confidence that Italy's gold-jewelry exports would improve in 2018.Risingproduction and consumption of gold jewelry signaled a favorable outlook for thesector, said Lorenzo Cagnoni, president of organizer Italian Exhibition Group (IEG),in his opening address on January 19. "VicenzaOro January opens in a highly positive...Read More
(IDEX Online) - ALROSA has signed 67 long-term agreements with 65 companies for the sale of gem-quality and industrial rough diamonds for the new 2018-2020 contract period, the Russian miner announced. The new list of long-term clients is posted on ALROSA's sales website at http://sales.alrosa.info/rough-diamonds/long-term-contacts/our-customers-2/. The company signed agreements...Read More
MOSCOW – Russia is not discussing reducing its stake in diamond miner Alrosa in 2018, the RIA news agency quoted Alrosa CEO Sergei Ivanov as saying on Wednesday.AdvertisementRead More
RAPAPORT PRESS RELEASE, January 24, 2018, Las Vegas ... The Rapaport Group is pleased to announce the launch of the newmonthly Rapaport Research Report. The report provides unrivaled insight into transaction trends,market performance and developments throughout the diamond pipeline. Itincludes in-depth market analysis along with proprietary Rapaport diamond data.Each issue of the RapaportResearch...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that dates have been set for the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA). The Congress will take place at the Hilton Hotel in Tel Aviv, from June 19 to 21. The Congress will start on June 19, with a cocktail event to take place in...Read More
RAPAPORT... Funds available for the Diamond Producers Association (DPA)to spend on generic marketing will jump to $70 million this year following anincrease in contributions from its members.The extra cash will enable the organization to grow its USmarketing and expand campaigns around the world, Jean-Marc Lieberherr, its CEO,said in an exclusive interview with Rapaport News, during the forthcomin...Read More
(IDEX Online) - In a planet threatened by uncontrolled climate change, the jewelry industry could come to be recognized as a beacon of sustainability and positive environmentalism was the message from a seminar co-organized by CIBJO and the Italian Exhibition Group (IEG) at the VICENZAORO January show. Entitled "Green and Blue Jewellery, Environmentally Sustainable Luxury," the seminar, hel...Read More
RAPAPORT... Alrosa's list of long-term clients has grown to 65companies, with six new contract clients signing diamond-supply agreements forthe 2018-to-2020 period.Three new domestic clients, including Aives, Diapur andKristalldiam, as well as three new foreign businesses, Firestar Diamond, BlueGems and Niru Diamonds Israel, have signed deals for the sale of gem-qualityrough diamonds. Alrosa...Read More
RAPAPORT... Attendancewas strong at the January edition of VicenzaOro, spurring confidence that Italy's gold-jewelry exports would improve in 2018.Risingproduction and consumption of gold jewelry signaled a favorable outlook for thesector, said Lorenzo Cagnoni, president of organizer Italian Exhibition Group (IEG),in his opening address on January 19. "VicenzaOro January opens in a highly positive...Read More
LONDON – The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday.The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said.AdvertisementThe sources said Japanese trading house Sumitomo and Australian bank ANZ (Australia and Ne...Read More
Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, said Tuesday it had signed 67 long-term contracts for the sale of gem quality and industrial rough diamonds.Twelve of those agreements, said the miner, are with Russian companies and include three new clients - Aives, Diapur and Kristalldiam.Apart from long-term deals, Alrosa also sells rough diamonds in almost equal...Read More
Zimbabwe's new government may soon scrap a 51% requirement of local ownership for foreign investors in the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country's battered economy.Mnangagwa's administration has already repealed the 51% indigenization law, now only restricted to platinum and diamond mining.The...Read More