Tag: tulip diamonds fze

South Africa: Marsfontein to Produce Its First Diamonds in March

Botswana Diamonds has announced that it expects “the first recoveries of diamonds” at its Marsfontein mine in South Africa this month, Rough & Polished reports.    The alluvial and dump mine, which was initially expected to produce diamonds in February, has seen the excavation of about 1,500 tonnes of alluvial
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Botswana’s Finance Ministry: Diamond Production to Remain Flat in 2023

A senior policy advisor in Botswana’s Finance Ministry has stated that his country expects its diamond production to remain flat in 2023 “due to a contraction in consumer spending and weaker demand for diamond jewelry,” Mining Weekly reports.   While overall mining output rose by 8.2% in 2022,  gains in
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Majhgawan-Panna, India’s Only Mine, to Resume Operations

Majhgawan-Panna, India’s only diamond mine which was shot down at the end of 2020, will resume production in July 2023 “with a forecast output of up to 84,000 carats a year,” IDEX Online reports.   Majhgawan-Panna, located near the town of Panna in Madhya Pradesh, was closed after environmental clearances
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Canada: Rio Tinto to Invest $40 Million to Extend Diavik’s Life-of-Mine

Rio Tinto has extended the life-of-mine life at its Diavik diamond mine in the Northwest Territories of Canada. According to Mining Weekly, Rio Tinto has announced a “$40-million investment in the first phase of underground mining below the existing A21 open pit.”   Sinead Kaufman, Chief Executive Minerals at Rio
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BlueRock subsidiary Kareevlei enters into voluntary business rescue

The board of Aim-listed BlueRock Diamonds’ principal operating subsidiary, Kareevlei Mining, has resolved to place the company into voluntary business rescue owing to excessive indebtedness. BlueRock had already requested on February 24 that its shares be suspended from trading on the Aim, pending clarification of the subsidiary’s financial position.
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Lucapa Finds a Huge White Diamond at Lulo

Lucapa has unearthed a 150-carat gem at its Lulo alluvial mine in Angola. According to IDEX Online, it is a Type IIa, D-color white diamond.   This is the 36th +100-carat diamond recovered at Lulo since it began commercial production in 2015, and the fifth +100-carat from block 28 of
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