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Mining & Exploration

Belgium and Israel auctions net Alrosa $20.7m

Diamond miner Alrosa has held two successful auctions of larger diamonds, which deputy CEO Evgeny Agureev said on Monday confirmed the demand for high-quality rough diamonds. At the Israel auction, total proceeds of $13.3-million “significantly exceeded” the reserve price, Agureev said, reporting that the company sold 100 rough diamonds with
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Diamond sales improve in line with eased Covid-19 restrictions globally – De Beers

The value of diamond miner De Beers’ rough diamond sales, which include global sightholder sales and auctions, for the sixth and seventh sales cycles of this year, amounted to $116-million and $320-million, respectively. CEO Bruce Cleaver says diamond markets showed some continued improvement throughout August and into September as Covid-19 restrictions
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BHP links bonuses to climate plan, sets medium-term targets

Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational (Scope 1 and 2)
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Filing of Diamcor’s results delayed owing to South African lockdown restrictions

TSX-V-listed diamond miner Diamcor Mining, with operations in South Africa, reports that owing to ongoing delays in South Africa it will be unable to file its audited financial statements and corresponding management’s discussion and analysis for the financial year ended March 31. The company’s Krone-Endora at Venetia mine is in
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BlueRock recovers another high-value diamond at Kareevlei

Aim-listed diamond miner BlueRock Diamonds has recovered a 9.7 ct diamond with an initial independent valuation estimate of $75 000. This marks the second high-value stone recovered at Kareevlei diamond mine, in Kimberley – BlueRock’s flagship operation − this quarter.
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Gem Diamonds Unearth a 233-Carat Monster Gem at Letseng

Gem Diamonds has announced the recovery of a high quality 233-carat Type II white diamond from its Letšeng mine in Lesotho.   Credit: Gem Diamonds   This recovery comes just days after Gem Diamonds recovered a high quality 442-carat Type II diamond Letšeng valued at $18 million.   Credit: Gem
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