South Africa: Diamcor Finds 45.15-Carat Stone at Venetia

Mining & Exploration

South Africa: Diamcor Finds 45.15-Carat Stone at Venetia

Diamcor Mining has recovered a 45.15-carat rough diamond at its Krone-Endora at Venetia project in South Africa, according to a report in Mining Weekly. In mid-February, Diamcor unearthed a 72.53 carat gem-quality stone at the same mine. According to Diamcor, the recovery of the two large stones, “along with

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Botswana Diamonds has announced that it expects “the first recoveries of diamonds” at its Marsfontein mine in South Africa this month, Rough & Polished reports. The alluvial and dump mine, which was initially expected to produce diamonds in February, has seen the excavation of about 1,500 tonnes of alluvial

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A senior policy advisor in Botswana’s Finance Ministry has stated that his country expects its diamond production to remain flat in 2023 “due to a contraction in consumer spending and weaker demand for diamond jewelry,” Mining Weekly reports. While overall mining output rose by 8.2% in 2022, gains in

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Majhgawan-Panna, India’s only diamond mine which was shot down at the end of 2020, will resume production in July 2023 “with a forecast output of up to 84,000 carats a year,” IDEX Online reports. Majhgawan-Panna, located near the town of Panna in Madhya Pradesh, was closed after environmental clearances

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Rio Tinto has extended the life-of-mine life at its Diavik diamond mine in the Northwest Territories of Canada. According to Mining Weekly, Rio Tinto has announced a “$40-million investment in the first phase of underground mining below the existing A21 open pit.” Sinead Kaufman, Chief Executive Minerals at Rio

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BlueRock subsidiary Kareevlei enters into voluntary business rescue

The board of Aim-listed BlueRock Diamonds’ principal operating subsidiary, Kareevlei Mining, has resolved to place the company into voluntary business rescue owing to excessive indebtedness. BlueRock had already requested on February 24 that its shares be suspended from trading on the Aim, pending clarification of the subsidiary’s financial position.

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