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Tag: rough diamonds

Sadpo suggests diamond stocks be held back until market improves

In its latest newsletter, the South African Diamond Producers Organisation (Sadpo) has advised that diamond producers hold back on production and sales, as the rough diamond market remains under immense pressure. Sadpo says the rough diamond market, particularly for larger diamonds, has remained under immense pressure since the start of
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This year’s Electra Mining cancelled

Organisers of Southern Africa’s mining, manufacturing, automation, electrical and power trade exhibition Electra Mining Africa, Specialised Exhibitions, reports that the 2020 edition of the trade fair has been cancelled as a result of the Covid-19 pandemic. This year’s show had been scheduled to take place from September 7 to 11
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Botswana Diamonds recovers over 100 diamonds from Marsfontein bulk sampling

Aim- and BSE-listed Botswana Diamonds (BOD) has concluded the processing of two bulk samples taken from the Marsfontein diamond development project, in Limpopo; the samples of which comprised 58 t of fresh high-interest kimberlite and 62 t of kimberlite material from one of the residual stockpiles, known as Dump E.
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Conversation on getting economy back on track post-Covid has begun

The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general meeting, Baxter said that Covid-19 was acting
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Nondigital mines losing out on R213bn in value

An updated version of a 2017 study conducted by professional services firm Accenture in collaboration with the World Economic Forum – the ‘Extracting Value and Building Resilience with Data-led Mining in South Africa’ report – highlights that, with a combination of seven digital initiatives, South Africa’s mining industry will be
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Administrator says Alexkor, partner mismanaged and insolvent

Alexkor’s administrator Lloyd McPatie has said the diamond mining company is trading recklessly and cannot meet its financial obligations. Briefing the Portfolio Committee on Public Enterprises and the Select Committee on Public Enterprises and Communication on his observations of issues at the State-owned diamond miner on May 27, he said
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