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Mining & Exploration

Diamcor sells 2 427 ct, delays publication of financial statements

Junior diamond miner Diamcor Mining recently completed the tender and sale of 2 427 ct, generating gross revenues of $271 263, representing an average price of $111.87/ct. The TSX-V-listed miner says it is also continuing efforts to implement short-term operational changes and cost reduction efforts at its Krone-Endora at Venetjia project, since
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Gemfields warns of bleak second-half

Gemstone miner Gemfields has warned of bleak conditions for the remainder of this year, as the spread of Covid-19 continues to impact on the group. “Conditions remain very challenging for Gemfields and for the wider gemstone sector. The effect of travel restrictions, quarantine periods and prohibitions on large gatherings, combined
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Alrosa partners with US retailer to launch responsibly-created jewellery collection

Responsibly sourced fine jewellery retailer Brilliant Earth has partnered with diamond producer Alrosa’s social initiative Diamonds That Care, to unveil a new limited-edition jewellery collection. The Brilliant Earth and Diamonds That Care exclusive collection will be available from July 28 to December.
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Junior diamond miners can again be catalysts for mining sector growth, says Sadpo

South Africa lacks a healthy junior exploration and mining sector, when it could be a catalyst for growth and transformation in the sector, says the South African Diamond Producers Organisation (Sadpo). For example, the discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of
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De Beers rethinks business after diamond collapse exposes cracks

De Beers is considering ways to restructure mines, expand in jewelry and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralyzed by the pandemic. The company founded by British imperialist Cecil Rhodes in the late 1800s was under pressure even
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Tsodilo Resources and TBM enter into royalty agreement

TSX-V-listed diamond and metals explorer Tsodilo Resources has reached an agreement to grant private Botswana-based alternative investment firm TBM royalties on its wholly-owned Botswana subsidiary Gcwihaba Resources’ metal projects for $500 000. Gcwihaba’s metal licenses include those for base and precious minerals, platinum group metals and rare-earth elements.
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