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  Lulo get an average rough price of US$1,550 a carat   Lucapa Diamond Company and its partners Endiama and Rosas & Petalas are announce the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola, Sociedade Mineira Do Lulo. A total of 4,269 carats of Lulo diamonds sold for gross proceeds of US$6.6 million (A$9.0 million) on a 100% basis, representing an average price of US$1,550 (A$2,100)/ carat. Sales year to date amounts to US$28.0 million (A$40.1 million) from 20,397 carats at US$1,371  (A$1,967)/ Carat.  Lucapa is a niche diamond producer with high-value mines in Angola (Lulo) and Lesotho (Mothae).  The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with  >75% of revenues generated from the recovery of +4.8 carat stones.    Lulo has produced 15 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world. Lucapa and its Project Lulo partners hav

Lucara Q3 2020 recovers 88,909 carats! 193 Specials (+10.8 carats) recovered in Q3   Lucara Diamond reports its results for the quarter ended September 30, 2020. According to the report 3Q recognized $41.3 million in revenue during Q3 2020 or $365 per carat.  This includes diamonds sold through a combination of regular tenders and Clara as well as 5,633 carats sold through HB Antwerp under the supply agreement announced in July 2020.   Operating cash cost of $26.92 per tonne of ore processed, due to a combination of cost optimization efforts and depreciation of the Botswana Pula against the U.S. dollar and EBITDA of $9.9 million earned in Q3 2020 marks a return to a strong operating margin of 47%.   Lucara continues to have a strong availability of working capital, including $10.1 million in cash at the end of Q3 and $30.0 million available from a revolving term credit facility. Clara's customer base doubled during Q3 2020, from 35 to 71 customers.  The platform began sell

  Lucapa sales over 10K carats year to date   Lucapa Diamond Company Limited presents its activities report and results for the Quarter ending 30 September 2020, Q3 2020 with Lucapa’s operational highlights for the Quarter include, 1: Record Quarter diamond production at Lulo with 9,387 carats recovered, 2: Bulk sampling completed at L071 and L072 resulting in the recovery of 1.33 carats from L071 including a 0.25 carat Type IIa diamond.   3: Completion of three diamond sales by SML, realising US$11.6m (A$16.3m), 4: Restructuring of the group’s borrowings successfully completed, 5: Approval of the Mothae kimberlite mine restart plan, 6: New diamond marketing channel approved by the Government of Lesotho, 7: ~280% increase in the Indicated Resource at Mothae.   SML’s operations at Lulo were partially impacted during the Quarter by the State of Emergency implemented in Angola because of the Covid-19 pandemic and presidential decrees regulating personnel movement. However, the Lulo

  Phase 2 Drilling in the November   Gibb River Diamonds announced that the Phase 2 drilling campaign at the Edjudina Gold Project, WA is due to commence in the first week of November 2020. A contract has been signed with a Kalgoorlie based drilling services company to provide aircore drilling services to GIB. The primary aim of this Phase 2 aircore drilling program is to test strike and depth extensions to the newly discovered Neta Lodes mineralisation at Edjudina, this includes,  1: On-strike extensions to the north of Neta Lodes under areas of calcrete cover, 2: On-strike extensions to the south of Neta Lodes up to the GIB tenement boundary 60 metres to the south of GIB’s most south-westerly mineralised hole1 & 3: Depth extensions to the Neta Lodes discovery.   The recent positive drilling results at the Gawler Prospect will also be followed up with further drilling as time allows.

  Precision geophysics to zero-in on priority drilling targets   Botswana Diamonds (BoD), announce that it has commenced a precision ground geophysics programme to zero-in on potential kimberlite pipes on the prospective Marsfontein and Thorny River properties. The company is focusing on four high-potential targets to finalise early drilling, 1. The largest and most prospective of the anomalies generated by UK group Subterrane’s recent detailed assessment.  Geophysics will confirm potential targets for November drilling. 2. An assessment by Canadian group Terra modelling  Services identified a further anomaly where geophysics will also confirm a target for November drilling.  3. New Marsfontein anomalies (M9 and M17) which were identified by reviewing historic data.  Our own detailed geophysical survey is required to accurately geo-reference the targets for drilling in November.  4. Two thick intersections on Frischgewaagt suggest multiple kimberlite ‘blows’.   The company is also un

  A 51carat D-colour Type IIa stone included in the parcel Lucapa Diamond Company Limited and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas are pleased to announce the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola.   A total of 3,862 carats of Lulo diamonds sold for gross proceeds of US$5.6 million (A$7.9 million) on a 100% basis, representing an average price of US$1,450 (A$2,057)/ carat.  Total sales of Lulo year to date amounted to 16,128 carats for US$21.3 million (A$31.2 million) or US$1,323 (A$1,932)/ carat.   Lucapa Managing Director Stephen Wetherall commented: “As foreshadowed, the strong operational performance and record diamond recoveries at Lulo in July and August, together with a recovering diamond demand positively impacting prices, should bode well for Lulo in H2 2020.”

  Diamond production reaches 5.3 million carat in 8 months   Angola produced from January to August this year, 5.3 million carats of diamonds, and until December the target is to reach the mark of 8.3 million carats, which is a drop down  of about 20% compared to the initial estimate, announced the president of Endiama, Ganga Júnior.   For this year, the National Diamond Company (Endiama) had a production target of 10.5 million carats and a turnover of 1.4 billion US dollars. The 20% drop is due to the readjustments in the exploration sector, in face of the Covid-19 pandemic. Ganga Júnior, last day was the main speaker at the virtual Conference on Diamonds in Angola, said that due to the readjustments, the forecast is to collect revenues of USD 1.1 billion by the end.  He said that depending on the current context, the sector has some stocks of diamonds, whose quantities have not been revealed.   "So far we have stocks of diamonds as a result of weak demand, but recently we ha

Sales diamonds over 210K Ct   Mountain Province Diamonds announces the results of its latest diamond sale and total proceeds from the sale were US$8.9 million from 210,661 carats at an average realized value of US$42 per carat, indicating a 1% discount to values achieved for similar diamonds at the February sale.   Despite COVID-19 restricting travel into Belgium, bidding was strong and consistent with those seen earlier in the year. The Company's next sale event is scheduled to close on October 31st, 2020.  Despite COVID-19 restricting travel into Belgium, bidding was strong and consistent with those seen earlier in the year. The Company's next sale event is scheduled to close on October 31st, 2020. Stuart Brown, the Company's President and CEO, commented, "We are pleased to have finally resumed our traditional sales channels as the markets around the globe continue to gradually open for business.  The results of the first small sale, post the COVID-19 Pandemic ar

  A white diamond of D-colour Type IIa at Lulo   A new monthly carat recovery record of 3,852 carats Lucapa Diamond Company report a second consecutive monthly record for carats recovered from the Lulo alluvial mine in Angola. 3,852 carats were recovered by Lulo from the MB06 leziria area in August 2020, which included 52 specials. This is the second consecutive month in which a carat recovery record has been achieved by the team at Lulo in spite of the challenges placed on personnel movement and the operations as a result of Covid-19. Mining in July and August 2020 concentrated on the MB06 flood plain (leziria) which included the area made accessible by the recently completed river diversion. The gravel deposits in this MB06 leziria area have been largely contiguous, contained thick gravel layers and of high grade. The largest diamond recovered from the MBO6 leziria area is a 61 carat white D-colour Type IIa diamond.   Lulo leziria areas and 61 carat white D-colour Type IIa diam

1.08 carat diamond and 0.25 carat Type IIa diamond recovered from L071 sample   Lucapa Diamond Company provides an update on kimberlite exploration at the Lulo diamond project in Angola. The kimberlite exploration program is designed to discover the primary hard-rock source(s) of the exceptional alluvial diamonds being mined in the greater Cacuilo valley.   The kimberlite bulk samples from L071, which is located in the Canguige catchment area, have now been treated. The sample totalling 2,380 bulked m3 was positive for diamonds, recovering two diamonds for a total weight of 1.33 carats. The largest is a 1.08 carat diamond and the second is a 0.25 carat Type IIa diamond.   The excavation and extraction of bulk samples from the remaining priority kimberlites and testing of anomalies of interest continues within the Canguige catchment area in our efforts to process as many bulk samples as possible this dry season and to identify the source of the diamonds recovered in the Cangui

  The maiden drilling program   Gibb River Diamonds announces that the maiden drilling program at the high grade Edjudina Gold Project (GIB with Option to Purchase 100%) will commence in the first week of September. A contract with Top Drive Drillers Australia has been signed to provide drilling services to the Company. A Program of Works authorisation has been received from the WA Mines Department which permits the Company to undertake this drilling work and a number of subsequent drill programs. The maiden aircore drilling program will consist of a minimum of 2,000 metres of aircore drilling. It will aim to test a number of targets which have been generated by the Company using historic geological data, these include, 1: Areas of previous mining activity which include historical shafts and workings as evidenced in GIB’s field program. 2: Areas covered by alluvium or windblown sand along strike from previous workings which have not been explored or tested, 3: Areas with evidence of

Trading session from August 10-14     Alrosa decided to change dates for its trading sessions in July and August after having reviewed the current market situation.   July trading session, initially scheduled for July 12-17, will take place on July 27-31. This decision will support the company’s clients that expressed the potential interest in purchasing rough in this period. In order to make diamond supply steadier, Alrosa is also moving its next trading session from August 10-14 to the second half of that month, the dates to be announced later.   To balance rough supply with demand more effectively, the company idles its production of industrial diamonds of sieve classes under –3 and powders for the next six months. “Alrosa continues its responsible approach to sales and constantly communicates with its clients in order to thoroughly monitor the market and answer its needs. At the last three trading sessions, we provided our customers with unprecedented flexibility, including a

Rough diamond production of 3.5mn cts DeBeers rough diamond production decreased by 54% to 3.5 million carats, primarily due to the Covid-19 lockdowns in southern Africa. Mining operations resumed following regional lockdowns with Covid-19 measures in place to safeguard the workforce; with production at lower levels reflecting reduced demand for rough diamonds due to the pandemic.   In Botswana, production decreased by 68% to 1.8 million carats, principally due to a nationwide lockdown from 2 April to 18 May and the implementation of Covid-19 measures to safeguard the workforce. Operations restarted from mid-May, with production targeted at levels to meet the lower demand.   Namibia production increased by 7% to 0.4 million carats as the Mafuta crawler vessel was under planned maintenance in Q2 2019. With targeted regional lockdowns in Namibia in response to Covid-19, marine operations implemented measures to enable operational continuity while safeguarding the workforce. This

Sales agreement for all +10.8 Carat Rough  Lucara Diamond announces that it has entered into a definitive supply agreement for the remainder of 2020 with HB Group out of Antwerp, Belgium, in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana.   Large, high value diamonds in excess of 10.8 carats in size from Karowe account for approximately 70% of Lucara's annual revenues, and though the mine has remained fully operational throughout the Covid-19 pandemic, Lucara made a deliberate decision not to tender any of its +10.8 carat inventories after early March 2020 amidst the uncertainty caused by the global crisis.   Under the terms of this novel supply agreement with HB, the purchase price paid for Lucara's +10.8 carat rough diamonds shall be based on the estimated polished outcome, determined through state of the art scanning and planning technology, with a true up paid on actual achieved polished sales ther

The appointment to Effective from 1 September De Beers Group is pleased to announce the appointment of Sarah Kuijlaars as Chief Financial Officer (CFO), effective from 1 September. Sarah will join the De Beers Group Board and Executive Committee. Sarah was previously CFO of Arcadis NV, a leading global design and engineering consultancy, with a listing on the Euronext Amsterdam Stock Exchange.  Prior to this, Sarah was Deputy CFO at Rolls Royce Holdings plc, and held a number of senior financial leadership roles during a 25-year career at Royal Dutch Shell plc.  She has worked in several geographies including Nigeria, Russia, Brazil and the Middle East. Sarah is also a Non-Executive Director at Aggreko plc, a leading international provider of mobile modular power, temperature control and energy services. Bruce Cleaver, CEO, De Beers Group, said: “Sarah is a proven leader and has a strong track record built with a number of world-class multinational business