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Tag: rough diamonds

BlueRock raises £2.1m to implement new mining plan at Kareevlei

South African diamond miner BlueRock Diamonds, which is listed on the London Aim and operates the Kareevlei mine, in Kimberley, in the Northern Cape, has raised £2.1-million through the placing of six-million shares at 35p a share. The net proceeds will be used to provide additional working capital to enable
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Tsodilo eyes Trans-Zambezi Railway extension for ore transport benefits

Diamond and metals explorer Tsodilo Resources is enthused about the completion of the final feasibility study (FFS) for the Trans-Zambezi Railway extension project between the towns of Grootfontein, Rundu and Katima Mulilo in Namibia. Tsodilo chairperson and CEO James Bruchs says the proposed rail extension is an important development for
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Green hydrogen energy supply to local communities envisaged by Anglo

The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena mine in Limpopo, has presented
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Lucapa reports 11% increase in carats in situ at Lulo

Following alluvial exploration activities undertaken in 2021, ASX-listed Lucapa Diamond Company and its partners have increased the Angola-based Lulo mine’s diamond resource in situ carats by 11%, from 135 900 ct as at December 31, 2020, to 151 040 ct at December 31, 2021, after accounting for mining depletion of 24 595
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South African white diamond could fetch more than R400m on auction

The largest white diamond ever to come to auction will hit the block at Christie’s in Geneva on May 11. The 228-carat, pear-shaped diamond carries a presale estimate of $20 million to $30 million (~R434 million). The stone, which is about the size of a chicken’s egg, was mined about
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Russia diamond supply squeeze may benefit Zimbabwe miner’s gems

Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own diamonds. Russia’s Alrosa is the world’s biggest diamond producer by volume at 30% and the slightest disruption to its ability to supply distorts the market,
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