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Mining & Exploration

De Beers’ final sales cycle of the year generates $410m

Diamond miner De Beers sold $410-million of rough diamonds in its final sales cycle of this year. “Demand for our rough diamonds over the final sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas period
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Studies confirm Kareevlei plant can achieve 90 000 t a month target

Aim-listed BlueRock Diamonds notes in an operational and corporate activity that the results of the two-month test to determine the realistic capacity of the Kareevlei plant at the diamond mine in South Africa, which started in mid-October and was carried out with the assistance of mining and processing specialists, confirmed
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Lucapa receives further A$8.8m tranche from Sociedade Mineira Do Lulo

ASX-listed Lucapa Diamond Company has received a further A$8.8-million tranche from diamond company Sociedade Mineira Do Lulo (SML).  That completes the previously approved SML shareholder loan repayment of A$14.8-million, Lucapa said on December 14. 
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South Africa’s mining production down 10.4% y/y in Oct

South Africa’s mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank’s economics unit pointed out that this marked the ninth consecutive month of decline in mining production. “Erratic power supply, inflationary pressures,
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Petra reports a year-on-year decrease in revenue from diamond sales

Diamond producer Petra Diamonds has announced the results of Tender 3 of its 2023 financial year, at which 305 366 ct were sold for $42.3-million. The results of Tender 3 bring revenue for the current financial year to date from rough diamond sales to $206.4-million, with no exceptional diamond sales, compared with $264.7-million
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World’s rapid rate of change resulting in profound business disruptions, says Anglo CEO

The world changing at a rapid rate has resulted in profound disruptions to the business of Anglo American, CEO Duncan Wanblad told analysts and investors on Friday. Speaking during an update presentation covered by Mining Weekly, Wanblad said the London- and Johannesburg-listed diversified mining and marketing company was seeing many
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