“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

BlueRock Diamonds downgrades output guidance amid plant reliability problems

11 october 2018
BlueRock Diamonds has further downgraded its annual production guidance to 200,000 tonnes from 220,000 due to problems with the reliability of the plant at its Kareevlei mine in South Africa.
Its production volume was 63,621 tonnes in the three months ended September 30 despite issues with the crushing circuit.

news_01062018_bluerock.png
Image credit: BlueRock Diamonds


Production for the year was 133,050 tonnes compared to 103,506, a year earlier.
It said its average grade was flat at 3.1 carats per hundred tonnes (cpht), while the value per carat averaged $341 in the quarter from the previous quarter’s $362.
“Our increased production in the quarter and in 2018 is encouraging however we are not yet where we would like to be,” said BlueRock chief executive Adam Waugh.
“Operations are moving into an exciting phase and the knowledge built up at Kareevlei will be important in making the correct decisions for the future.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished