GJ Town India

Moving the commercial production of A21 Underground  mine   Rio Tinto’s Diavik Diamond Mine has safely completed the development and construction of Phase 1 of the A21 underground mine, now moving the underground mine into commercial production. Building on the success of the first phase, Phase 2 of the A21 underground project was approved earlier this year with an additional investment of US$17 million. The project will enable Diavik to maximise the value from its known resources through to closure.    The construction of the A21 underground mine involved the development of over 1,800 metres of underground tunnels to access the orebody and begin underground production. With safety as the core focus, there were no lost time injuries after more than 100,000 labour hours completed over 20 months during the development and construction work.    Chief Operating Officer of Diavik Diamond Mine Matt Breen said: “The A21 underground operation is positive news ...

The first +50 cm mined by the company in 2024     At the Mining and Processing Plant named after, V. Grib JSC AGD Diamonds produced a gem-quality diamond weighing 54.27 carats. This is the first extra-large diamond (+50 cm) mined by the company in 2024, and the 43rd among the unique extra-large diamonds mined at the mine. V. Grib since the beginning of industrial development. JSC AGD Diamonds is the second diamond mining company in Russia. In terms of production volume, the field named after. V. Grib is one of the ten largest in the world. Innovative technologies for kimberlite enrichment allow AGD Diamonds JSC to regularly produce high-quality diamonds.    AGD Diamonds, successor to JSC Arkhangelskgeoldobycha, more than 400 deposits have been discovered and explored, primarily oil, gas, diamonds, oil shale, drinking and balneological waters, non-ferrous , rare and precious metals, raw materials for the production of cement, slate, brick, sand and gravel m...

De Beers expect rough diamond demand to fully recover   De Beers Group announced the value of rough diamond sales for the first sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.    Al Cook, CEO, De Beers Group, said: “Solid consumer demand for diamonds in the United States over the year-end holiday season has certainly helped to stabilise the industry and we are seeing polished diamond prices increasing again.    Combined with the restart of rough diamond imports into India, this has led to demand for rough diamonds increasing substantially in the first sales cycle of 2024. However, as the prospects for economic growth in many major economies remain uncertain, we expect that it may take some time for rough diamond demand to fully recover.”   DeBeers Cycle 1 2024 (provisional) [1] ...

  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 o...

Rough diamond price rock over by 40%   Lucapa Diamond Company Limited presented its unaudited financial results for the year ended 31 December 2021. During the period, record operational performances from both SML and Mothae diamond mine with record volumes processed, carats recovered & sold and exceptional diamond recoveries. Lulo exploration sampling includes the discovery of 13 diamonds from the Canguige catchment area, including eight Type IIa diamonds, three new high-interest targets identified at Brooking, WA and successful completion of a A$21.7 million capital raising to fund the 100% acquisition of Merlin diamond mine, expedite exploration programs, advance feasibility studies and general working capital. The completion of the acquisition of Merlin for a total consideration of A$8.5 million and release of Scoping Study showing strong economics for a long-life mine. Lucapa Diamond published the Merlin Scoping Study demonstrating strong economics for a long-life mine:...

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 ...

Slowed very early in the Quarter 2 As a result of the Covid-19! Lucapa Diamond Company Limited presents its activities report and results for the Quarter 2, ending 30 June 2020. Lucapa’s operational of the Quarter include, 1: Delineation drilling at Lulo kimberlite L071 completed and bulk sampling commenced, 2: Delineation drilling at Lulo kimberlite L072 commenced, 3: SML commenced staged ramping of alluvial diamond production back to full capacity. 4: 15th +100 carat diamond recovered by SML, 5: Lulo higher-grade alluvial deposit identified at Mining Block 06, 6: Completion of two diamond sales by SML and Mothae, realising US$4.0m (A$6.1m) at an average of US$546 (A$833)/ carat & 7: Successful rights issue completed by Lucapa raising A$5.2m (before costs). SML’s operations were slowed very early in the Quarter to essential operations as a result of the Covid-19 pandemic, but due to the easing of certain restrictions during the Quarter, SML was able to bring p...

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...

A Letšeng record of US$ 656 933 per carat Gem Diamonds Limited provides Trading Update detailing of operational and sales performance for the Period Q1 2019 & says, Recovered and sold a 13.33 carat pink diamond for a Letšeng record of US$ 656 933 per carat. During the period Letšeng also recovered two diamonds greater than 100 carats. Total Carats recovered of 29 458 during the Q1 were in line with guidance targets and with the previous period of Q4 2018 of 29 523 carats. On the other hand they sold 27 335 carats during the Period, achieving an average price of US$ 1 900 per carat is higher over the Q4 2018 which had recovered US$ 1 259 per carat. The period also registered sales of eight diamonds for more than US$ 1.0 million each, generating revenue of US$ 27.2 million during the Period. The diamond detection pilot plant project remains on target to be commissioned at the end of Q2 2019. Construction and set-up have commenced on site. This project supports the ...

Registers diamond sales worth of US$ 368mn The gross revenue from the sale of diamonds and ornamental stones was 368 million US dollars during the first quarter (Q1) of this year, with sales of 2.6 million karats. In this period, revenues of US $ 106,572 million (40.7 percent) and 31.5 percent of total carat sales were registered, compared to the quarter of 2018. According to data presented, by the Ministry of Mineral Resources and Petroleum, two million carats (94.6%) are diamonds of kimberlitic origin and 143.398 carats of alluvial origin. The information, presented during the analysis of the activities of the first quarter of this year, indicates that diamonds traded in the balance sheet date come from the provinces of Lunda Sul (93.6 percent) and Lunda Norte (6.4 percent). On the sidelines of the act that also planned the market for diamonds and ornamental stones for the second quarter of this year, the Secretary of State for Mines, Jânio Correia Victor, said...

Guidelines to reach target of 3.3 to 3.45 million carats! Mountain Province Diamonds announces production and sales results for the first quarter ended March 31, 2019. Accordingly in Q1 2019 the Gahcho Kué Diamond Mine treated about 870,949 tonnes is an 11% increase YoY. During the Q1 Gahcho Kué recovered 1,584,552 carats remained lower than Q1 2018 of 1,641,000 carats. On the other hand Mountain Province, in Q1 2019, sold 643,739 carats at an average value of $USD 71 per carat ($CAD 94 per carat) for total proceeds of $USD 45.8 million ($CAD 60.7 million) in comparison to 527,000 carats sold at an average value of $USD 99 per carat ($CAD 126 per carat) for total proceeds of $USD 52 million ($CAD 66.6 million) in Q1. Reid Mackie, the Company's Vice President of Diamond Marketing, commented: “We had a strong start to 2019 with increased customer demand for our product and price increases observed across most rough diamond categories, particularly in the better qua...

A rough diamond tender untill May 14 TAGS will be holding a rough diamond tender at the Dubai Diamond Exchange in the Almas Tower in Dubai from the 7th May to the 14th May 2019. Two regular productions from South Africa and Angola will again be presented. All materials contain a significant number of large single stones and exceptional specials and are of high quality and high colour. TAGS are expecting in the region of 30,000 carats of South African goods and 25,000 carats of Angolan goods across a full range of sizes. The event should have a combined value in excess of US$40m; however final details will soon be forthcoming from the producers. Interested parties can contact TAGS website for bookings at their earliest convenience to schedule an appointment. The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website. TAGS say, “We act independently to ensure a fair, consistent and reputable e-Market with constantly evolving technology, sale...

Q3 revenue decreased 7% yet remained up YoY ! Petra Diamonds presented report for the three month period 1 January 2019 to 31 March 2019 Q3 FY 2019 and the nine months ending FY 2019 YTD. Q3 production of 924,228 carats over Q3 FY 2018 was of 992,315 carats that reflecting increased production at Cullinan, Koffiefontein and Williamson, offset by lower production at Finsch. Petra Diamond Production for the nine months to 31 March 2019 up 4% to 2,943,374 carats over FY 2018 YTD of 2,836,272 carats. Petra claims that the production guidance of 3.8 – 4.0 million carats for FY 2019 maintained. Installation of the remaining draw points across the footprint of the C-Cut Phase 1 block cave at Cullinan is progressing as planned, with completion expected during H1 FY 2020. With the progression across the C-Cut footprint, the incidence of larger stones is improving as demonstrated by the recovery of two +100 carats gem-quality stones during the Period. Accordingly, the 425....

Draws average price of USD $140.76 per carat According to the announcement of Diamcor Mining the Company has tendered and sold 3,714.97 carats of rough diamonds in the initial tender of the Company’s first fiscal quarter ending June 30, 2019.   The 3,714.97 carats of rough diamonds recovered from ongoing processing exercises being performed at the Company’s Krone-Endora at Venetia Project sold for total gross proceeds of USD $522,923.70, resulting in an average price of USD $140.76 per carat. The Company anticipated the lower than average dollar per carat achieved in the tender as a higher percentage of smaller, lower quality rough diamonds were sold in this tender.     The Company continues to make progress on its primary objectives of increasing processing levels, improving operational efficiencies, and the normalization of operations for the long-term.   Increased processing levels as compared to the previous fiscal quarter are being achieve...

Yearly guidance range between 820K and 870K carats! Firestone Diamonds announces the result of H1 2019 of Liqhobong Diamond Mine that remained on track to meet guidance. During the period, 465680 carats recovered over the H1 2018 of 379716 carats. Over all full year guidance range is of between 820K and 870K carats that include, the recovery of the largest diamond to date, a 326 carat light yellow makeable stone. Average value per carat of US$71 realised in the period, impacted by prices for smaller, lower value diamonds as that was realised US$74 in H1 2018. Despite the lower rate, revenue of US$27.4 million from three sales remained up over H1 2018 of US$26.0 million from four sales. Activities Post Period shows an average value of US$90 per carat was realised at the most recent sale which concluded on 22 March, resulting in a higher average value realised of US$80 for the third quarter of the financial year, and US$74 per carat for the first nine months of the f...