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Tag: Polished Diamonds

Alrosa’s April sales virtually stopped

Sales for the world’s largest diamond miner by volume, Alrosa, came to a near halt in April, with the company only selling $15.6-million in rough and polished diamonds in the month. This compares with sales of $152.8-million in March and $405-million in January this year.
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BlueRock expects diamond production at capacity by month end after lockdown

Aim-listed BlueRock Diamonds has advised that its expansion plans for the Kareevlei diamond mine, in the Kimberley region of South Africa, remain on hold. The mine is, however, expected to reach full operating capacity by the end of May.
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Rio institutes more testing at Diavik

Diversified major Rio Tinto has introduced Covid-19 testing at its Diavik diamond mine, in the Northwest Territories, in Canada, as an additional precautionary measure to protect employees and community members. The miner said over the weekend that not for profit public health experts GuardRX have installed an on-site laboratory at
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Weak diamond prices push Lucara to first-quarter loss

TSX-listed Lucara Diamond Corporation has posted a net loss of $3.2-million, or $0.01 a share, for the quarter ended March 31. This compares with a net income of $7.4-million and earnings a share of $0.02 apiece reported for the quarter ended March 31, 2019.
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Free access to diamond course during Covid-19

In response to the Covid-19 pandemic, De Beers Group Institute of Diamonds, the diamond mining company’s education and training entity, is providing free access to its Diamond Foundation Course. The decision was taken to offer support and “play a small part” in helping those who are working from home or
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Judgment reserved at Mining Charter review hearing

A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and  Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the 180-day
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