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Tag: Dubai Diamond Trading

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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Covid-19 takes its toll on Petra’s production, revenues

London-listed diamond miner Petra Diamonds has reported a 7% year-on-year reduction in production, from 3.87-million carats in the 2019 financial year, to 3.59-million carats in the financial year ended June 30, 2020. Production was severely disrupted by the lockdown implemented in South Africa from March 26, while the Williamson mine,
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Alrosa, ZCDC JV starts prospecting for diamonds in Zimbabwe

Alrosa Zimbabwe (Alrosa Zim), a joint venture (JV) between Russian diamond miner Alrosa and Zimbabwe State-owned miner Zimbabwe Consolidated Diamond Company (ZCDC), has started prospecting and preliminary exploration works for primary diamond deposits. After getting special grants from the Ministry of Mines and Mining Development, Alrosa Zim had the environmental-impact
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Allan reinforces need for a panel to oversee Alexkor’s turnaround

In response to a letter from the Equitable Access Campaign (EAC), published by Mining Weekly on June 26 – which highlighted the plight of small-scale marine diamond miners operating off the coast of Alexander Bay – Sable Metals & Minerals CEO James Allan reiterates that a panel should be appointed
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