Dual-listed Diamcor Mining says the Phase 1 upgrade at the company’s Krone-Endora at Venetia project, in South Africa, is demonstrating its ability to achieve the targeted 100% increase in processing volumes. The upgrades are also expected to achieve the added benefit of reducing operating costs on a per ton basis through a reduction
Mining & Exploration
London-listed Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa. Vutomi and Razorbill are currently owned by Botswana Diamonds MD James Campbell and other Vutomi directors.
Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the idea of increasing
JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial contribution of new acquisitions during the current financial year.
Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result has allowed the company to repay its short-term debt facility earlier
A 177-meter, $470 million ship – De Beers’ new diamond recovery vessel and the largest of its kind in the world – has set sail from a shipyard in Romania “to be fitted with mission equipment for work off the Namibian coast,” IDEX Online reports. Credit: De Beers