GJ Town India

  Eye to produce 12 million carats in 2023   The National Diamond Company of Angola (Endiama EP) plans to increase its production to 12 million carats in 2023, surpassing last year's result, which recorded a figure of around nine million carats.   According to the Chairman of the Board of Directors of Endiama, Ganga Júnior, achieving this goal will essentially depend on improving the production structure of the mines in operation and launching new exploration projects.    Speaking to the press, on the sidelines of the working visit that the heads of the Institute for the Management of Assets and State Participations (IGAPE) carried out to the state-owned diamond company, the manager also pointed out the continuous transformation of the functioning of small cooperatives in industrial activities as another challenge for 2023.   In this regard, he added, the company has already registered success stories, whose semi-industrial activities in the field of mining, which were init

2,054.88 carats of rough diamonds Tendered and sold in early February!   Diamcor Mining provided an update on the resumption of operations following the required suspension lasting for the majority of 2020 due to the unprecedented events associated with Covid-19.  The Company is making considerable progress increasing processing volumes, diamond recoveries, and revenues since resuming operations.  From December 2020 through January 20, 2021 the Company had delivered 4,174.36 carats of rough diamonds for tender and sale. In a summary key highlights are, 1: Tailings processed during the processing plant initial restart optimization yielded 666.75 carats of rough diamonds generating gross revenues of USD $79,000 equivalent to USD $118.49 per carat.   2: The subsequent processing of quarry material has now resumed, and 1,452.73 carats of rough diamonds from initial exercises were tendered and sold generating gross revenues of USD $266,705, resulting in an average price of USD $183.59 p

DeBeers Production guidance r evised to 32-34 million for 2021   Anglo American plc, presented production report for the fourth quarter ended 31 December 2020. Mark Cutifani, Chief Executive of Anglo American, said: "The strong performance recovery in the second half continued through the fourth quarter, following the Covid-19 disruptions earlier in the year.    As expected, second half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces in Chile and in iron ore at Minas-Rio in Brazil.  The recovery was all the more credible given planned maintenance at both the Collahuasi copper and Kumba iron ore operations and the suspension of operations at the Grosvenor metallurgical coal mine. "As we begin 2021, we are continuing to see positive demand for rough diamonds, supported by consumer demand for diamond jewellery in the holiday selling season.  While it is still too early to signal a strong and sustained recovery, the resil

Rough production tumbled by 4%! Full Year Production guidance unchanged   In a Production Report for the Third Quarter of 2020, DeBeers Group said, rough diamond production decreased by 4% to 7.2 million carats driven by planned reductions in production to reflect the lower demand for rough diamonds due to the Covid-19 pandemic, Covid-19 related measures remain in place to safeguard the workforce while maintaining operational continuity.   In Botswana, production decreased by 15% to 4.8 million carats due to the planned treatment of lower grade material at both Jwaneng and Orapa, with production targeted at levels to meet lower demand.  Namibia production decreased by 43% to 0.2 million carats as the marine fleet suspended production for part of Q3 to reflect lower demand and one vessel was in dock for planned maintenance during the period. South African production increased to 1.2 million carats due to an expected change in ore mix, with more ore sourced from the higher grade ma

  Produced about 1.3 mn cts so far!   Recently Gibb River Diamonds Limited-GIB, presented its’ the Annual Report for the year ended 30 June 2020. Gibb River Diamonds said in its Annual Report about Ellendale Diamond Project that, GIB operates its 100% owned Ellendale Diamond Project in the West Kimberley, WA. This project includes the advanced Blina Prospect which represents an exciting opportunity to produce high value Fancy Yellow diamonds.   The Ellendale Project has been one of the world’s foremost diamond producers with past production of approximately 1.3 million carats. This included the annual supply of over 50% of the world’s Fancy Yellow diamonds, which were the subject of a special marketing agreement between the former operator and Tiffany & Co.  The most advanced prospect at Ellendale is the Blina Alluvial Prospect, which is fully permitted, the major processing plant equipment has already been purchased and the project is ‘shovel ready’.  The project consists of a

Reform at all mining and Processing divisions in Yakutia! Alrosa has launched a large-scale reform of its maintenance and repair service. The project is expected to deliver RUB 3.2 billion in five years. The program covers all the company’s services directly involved in the maintenance and repair at all mining and processing divisions in Yakutia. The project implies a gradual transformation of how equipment’s serviceability status is managed. Every mining and processing division will host a unit of the Integrated Service Centre. It will ensure maintenance safety and development, formation of responsibility centers and implementation of a new service system and a united technical policy. The new system is expected to come on stream by the end of 2020. The transformation implies the centralization of all functions into one service and a shift towards digitalization with all data concentrated in the SAP Plant Maintenance module. This approach will allow using digital t

Mountain Province recovers 1.5 mn carats of diamond According to the Mountain Province Q1 2019, they have recovered 1,584,552 carats at an average grade of 1.82 carats per tonne, slightly lower than the same period last year and mainly as a result of planned mine sequencing of lower grade ore tonnes mined and treated during the quarter and due to the previously announced plant modifications                   Revenue from 643,739 carats sold at $60.7 million (US$45.8 million) compared to $66.6 million from 527,000 carats sold in Q1 2018 (US$52.4 million) at an average realised value of $94 per carat (US$71) 2018: $126 per carat, (US$99). Q1 2019 mining results were in line with the Company's expectations with over 9.5 million tonnes of material mined, 16% higher than the same period last year. The plant treated 870,949 tonnes, or approximately 9,677 tonnes per day, 11% higher than the same period last year, and recovered just under 1.6 million carats. The Ga

Production to jump 500% to be of 10mn cts by 2025 The Zimbabwe Consolidated Diamond Company (ZCDC) plans to increase production of diamonds by 488 percent to 10 million carats in the next five years from 1.7 million carats produced last year. To hit that target, Morris Mpofu, the ZCDC chief executive officer told delegates attending the on-going Zimbabwe National Chamber of Commerce (ZNCC) conference the company will set aside an investment envelope of about $400 million. The yellow metal target, he highlighted, will place Zimbabwe as one of the top five rough diamond producers in the world. “(Our) business strategy is part of corporate entrepreneurship, enterprise development and sustainable business growth to create the necessary mineable diamond resource and achieve diamond production levels of 10 million carats per year from 2022,” Mpofu said. “He added: “This will place Zimbabwe on the top five world rough diamond producers. This year, ZCDC has a strategic intent