AGD DIAMONDS enters international diamond market

JSC Arkhangelskgeoldobycha was officially renamed into JSC AGD DIAMONDS, according to the company’s press statement distributed on Wednesday. The change in the corporate name of the joint-stock company was due to its new marketing policy and the brand’s...

Yesterday

De Beers subsidiary gets top accolade for synthetic screening device

De Beers’ subsidiary, the International Institute of Diamond Grading & Research (IIDGR), said its industry-first synthetic screening device, SYNTHdetect, was awarded industry innovation of the year at the JNA Awards in Hong Kong.

Yesterday

Lucapa says Angola gazettes new Lulo kimberlite licence

Lucapa Diamond said the Angolan government has gazetted a new mineral investment contract for the Lulo kimberlite exploration licence.

Yesterday

GJEPC Chairman addresses 11th International Gold Summit in Delhi

GJEPC Chairman Pramod Agrawal called upon all stakeholders in the gold industry to work together towards reducing the Current Account Deficit (CAD) in the country.

Yesterday

Mountain Province identifies additional kimberlite near Gahcho Kué

Mountain Province Diamonds, which is currently conducting an exploration programme in the immediate vicinity of its Gahcho Kué mine, in Canada, has identified additional kimberlite in the corridor between 5034 and Tuzo, with true intercepts up to 72...

19 september 2018

De Beers suspends exploration budget

11 october 2017

(The Business Day) - De Beers, which will be down to a single mine in South Africa from 2020, has 54 exploration applications stuck with the Department of Mineral Resources, some for two years, and has suspended its R40m annual exploration budget in the country. The focus of De Beers Consolidated Mines (DBCM), the South African subsidiary of De Beers, the world’s largest producer of rough diamonds by value, is on bringing its $2bn Venetia mine into production and managing the transition from opencast mining to underground mining, minimising the anticipated dip in production at that time, said DBCM CEO Philip Barton. While De Beers has patiently pushed for the exploration licences to be approved having exhausted all its other exploration permits but it is now coming to a point where taking the Department of Mineral Resources to court is being considered as an option if talks with Mineral Resources Minister Mosebenzi Zwane yielded no progress, Barton said on the sidelines of the Joburg Indaba mining conference.