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Mining stocks continued to perform strongly this past week,led by ALROSA (+11%) and Anglo American (+9.9%). U.S. retail stocks generallygrew in value, headed by J.C. Penney (+11.5%). In the Far East, performanceswere mixed, with ValueMax...
Financial-Legal Feb 04, 2016 Rapaport News
Letseng Mine
Gem Diamonds’ 4Q Letšeng Sales Decline as Prices Dip
Gem Diamonds sold $64.3 million worth of stones from itsLetšeng mine in Lesotho in the fourth quarter that ended December 31. Thefigure was 5 percent below the $67.7 million reported by the company a yearearlier as the...
Mining Feb 03, 2016 Rapaport News
Rough Diamonds
BlueRock Approves Acquisition of Diamond Resources
U.K.-listed BlueRock Diamonds has approved the purchase ofDiamond Resources from Tawana Resources. Diamond Resources is a non-tradingcompany which holds the ‘rehabilitation guarantee’ required in relation to theKareevlei in South Africa, which BlueRock acquiredfrom the same...
Mining Feb 01, 2016 Rapaport News
ALROSA’s 2015 Production +6% to 38M Cts
ALROSA’s production increased6 percent year on year to 38.3 million carats in 2015 as the company opened a newmine in Yakutia and increased diamond recovery from three other mininglocations.The miner produced 942,000 carats from the Botuobinskayapipe,...
Mining Jan 31, 2016 Rapaport News
De Beers Jewellry store2
De Beers 2015 Sales Volume Falls 40%, Production -12%
De Beers rough diamondsales slumped 40 percent to 20.6 million carats in 2015 as market weakness and lowerdiamond manufacturing levels took their toll.The declinein sales volume coincides with a 12 percent drop in production to 28.7 millioncarats over the...
Mining Jan 28, 2016 Rapaport News
ALROSA Keeps Prices Stable Amid Stronger Rough Demand
ALROSAkept prices steady at its January contract sale stressing it sees no reason forprices to fall in current market conditions.“We leftprices unchanged because we see no reasons right now for them to fall,especially given they even rose slightly...
Rough Markets Jan 28, 2016 Rapaport News
Murowa Mine
Murowa Mine Aims to Boost 2016 Production to 1M Carats
Murowa Diamonds, a Zimbabwean mining business exited by RioTinto last year, wants to expand production fourfold this year, according to aBloomberg report. The company will inject $60 million into the mine over thenext four...
Mining Jan 27, 2016 Rapaport News
Lace mine
DiamondCorp on Schedule for Full Production at Lace-Mine Block in July
DiamondCorp said it is on schedule to achieve fullproduction at the Upper K4 block of the Lace diamond mine in South Africa byJuly as ramp-up from the block continues.Theconveyor-belt system commissioned in November is operating in accordance withits design specification. Mining of the...
Mining Jan 27, 2016 Rapaport News
Finsch Mine
Petra Diamonds 1H Sales -28% as Rough Prices Dip
Petra Diamonds reported revenue slumped 28 percent year on year to $154million in the first half that ended December 31. Excluding exceptional preciousstones, sales dived 18 percent to $144 million.Productionrose 2 percent from a year ago to 1.6 million...
Mining Jan 25, 2016 Rapaport News
Karl Smithson
Stellar Finds 55-Carat Diamond at Baoulé Mine in Guinea
Stellar Diamonds recovered a55-carat gem at its Baoulé kimberlite pipe in Guinea, which the company claimsas evidence that the mine is a potential source of large diamonds.The stone appears to have a ‘boart’ – or fragmented – exteriorand a potentially better-quality...
Mining Jan 25, 2016 Rapaport News
Tiffany, Diamcor Agree Loan Deferral, Maturity Extension
Tiffany & Co. Canada, a subsidiary of New York-basedretailer Tiffany & Co., has agreed to defer payments and extend the maturitydate of financing arrangements with rough supplier Diamcor Mining.Tiffany & Co. Canada gave Diamcor...
Financial-Legal Jan 24, 2016 Rapaport News
Lucapa’s Lulo Sales Hit Quarterly Record
Lucapa Diamond Company reported revenues of $5.6 million(AUD 8.1 million) from three sales of diamonds from the Lulo Diamond Project inAngola in the fourth quarter that ended December 31.Thefigure was the highest quarterly...
Mining Jan 20, 2016 Rapaport News
Diavik Mine
Diavik Production -3% in 2015 as Owners Plan Output Increase This Year
Recovery levels from the Diavik Diamond Mine inCanada fell 3 percent year on year to 1.5 million carats in the fourth quarterthat ended December 31, part-owner Dominion Diamond Corporation reported. A9-percent drop in processing volumes...
Mining Jan 19, 2016 Rapaport News
Rio Tinto
Rio Tinto’s 4Q Production +50% as Argyle Output Soars
Rio Tinto reported diamondproduction surged 50 percent year on year to 4.3 million carats in the fourthquarter that ended December 31 as output from the Argyle mine in Australia almost doubled.The Argyle pitin the remote East Kimberley...
Mining Jan 19, 2016 Rapaport News
Rockwell Diamonds’ 3Q Revenue -63% as Loss Grows
Rockwell Diamonds reported revenue decreased 63 percent yearon year to $4.9 million (CAD 7.1 million) in the third quarter that endedNovember 30 as diamond prices around the world dropped and a fatality at theRemhoogte plant in South Africa...
Mining Jan 19, 2016 Rapaport News
Dominion 140x95
Dominion Adds Director from Activist Shareholder Group
Dominion Diamond Corporation added two new directors onits board, including one from an institutional investor that had put pressureon the Canada-based miner’s management after a share-price slump in 2015.Josef Vejvoda, a portfolio manager at K2 &Associates...
Mining Jan 14, 2016 Rapaport News
Peregrine Diamonds
Peregrine Recovers 0.88Cts per Tonne from Chidliak Sample
PeregrineDiamonds reported an overall diamond grade of 0.88 carats per tonne from an814-dry tonne bulk sample from the Chidliak Diamond Project in Nunavut, Canada.The material was taken from the CH-7 kimberlite pipe at the...
Mining Jan 13, 2016 Rapaport News
Dominion 140x95
Dominion Investors Call for Share Buyback After Stock Plunges 33% Last Year
Two Dominion Diamond Corp. shareholders haveurged the Canadian-listed miner to use cash for a share buyback, Reutersreported, citing the unidentified investors who asked not to be named.The shareholders, whoown nearly 3 percent of Dominion, could use...
Mining Jan 04, 2016 Rapaport News
Angola flag
Angola Diamond Production Static at 9M Cts.: Report
Angola produced an estimated 8.8 million carats ofdiamonds in 2015, AllAfrica.com reported December 30, citing the nation’sMinister of Geology and Mining Francisco Manuel de Queiroz. The growth inoutput last year was flat when compared...
Mining Jan 04, 2016 Rapaport News
Industry Stock Ticker Stock Image
Miners, Retail Stocks in Rapaport’s Global Tracker Lag in 2015
Global diamond, jewelry and retail stocks underperformed thisyear as 76 percent of the listed companies tracked by the Rapaport DiamondIndustry Stock Tracker declined in 2015.Out of 50stocks followed by Rapaport News, 38fell between January 2 and 11 a.m. GMT...
Financial-Legal Dec 31, 2015 Rapaport News
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