Mining & Exploration

Report: Australia’s Spending on Diamond Exploration Low in 2021

A new report by S&P Global Market Intelligence, quoted by IDEX Online, shows that spending on diamond exploration in Australia has totaled just $1.5 million in 2021 – “almost the lowest level since 1997.”   Credit: Rio Tinto   In 1998, spending reached a peak of $43.1 million. Since then,
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Lucapa receives A$5m dividend from Angola subsidiary

ASX-listed Lucapa Diamond Company has received a 2021 interim dividend payment of A$5-million, or $2.6-million, from its 40%-owned and wholly operated alluvial mining company Sociedade Mineira Do Lulo (SML), based in Angola. SML, which operates the Lulo project, is co-owned by Angola’s State-owned mining company Empresa Nacional de Diamantes and
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De Beers’ Diamond Production Gets a Major Boost in 2021

A report by Anglo American quoted by Rough & Polished states that De Beers’ total rough diamond output rose 29% year-on-year to total to about 32.3 million carats in 2021. In Q4, rough production rose 15% year-on-year to 7.7 million carats.   Credit: De Beers   In addition, rough diamond
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Lucapa records strong 2021 performance

ASX-listed Lucapa Diamond Company recorded a year of operational growth and consolidation in 2021, with record operational and financial performances, MD Stephen Wetherall said in a quarterly activities report for the period ended December 31. “The commissioning of the standalone kimberlite bulk sample plant at Lulo [in Angola] towards the
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De Beers raises output as demand strengthens

Diamond miner De Beers increased its rough diamond production by 15% year-on-year to 7.7-million carats for the fourth quarter of 2021, reflecting planned higher production to meet strengthening levels of demand. Production from its Botswana operations increased by 23% to 5.2-million carats for the quarter. This was primarily as a
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