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Tag: Dubai Diamond Trading

November mining output down 9% y/y amid loadshedding

South Africa’s mining production fell by 9% year-on-year in November last year Statistics South Africa (Stats SA) reports in its latest mining production and sales report. The 9% decline is a slight improvement over the 11% year-on-year dip that was recorded in October. However, financial services firm Investec noted on
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BlueRock ramps up waste stripping

Aim-listed diamond producer BlueRock Diamonds reports that waste stripping increased in December as mining activities at its Kareevlei diamond mine, in Kimberley, South Africa, returned to normal after the focus was shifted to ore from the KV2 resource to feed the plant to determine the realistic plant capacity. As such,
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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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