Vutomi to sell diamonds recovered from South Africa project

Botswana Diamonds associate Vutomi has received approval to sell diamonds recovered during a bulk sampling programme at the Thorny River project in South Africa.

The Thorny River bulk sampling project is a joint venture between SouthernEra, Palaeo and Vutomi.

SouthernEra holds a 40% interest in the project and provides processing services while Palaeo holds a 40% stake and serves as the mining contractor. The remaining 20% interest is owned by Vutomi, which provides the ground.

Until 10 June, 256 carat of rough diamonds were recovered. Sale of these diamonds from the bulk sampling will fund further development by Vutomi, in which Botswana holds a 40% stake.

The trenching programme has identified a hotspot at the project site with a thick, 4m wide kimberlite intersection, indicating a kimberlite blow.

According to Botswana Diamonds, the bulk sampling programme is expected to generate short-term cash flow while developing the mineral resource.

Botswana Diamonds’ partner, SouthernEra Diamonds, has included its coarse tailings dumps produced from the mining of the Marsfontein and Klipspringer diamond mines into the same revenue share partnership agreement.

Vutomi has obtained a Section 27 mining permit for a portion of the contiguous Marsfontein farm.

Part of this farm hosts rich M8 kimberlite dyke, bordering the Marsfontein diamond mine.

Botswana Diamonds is a diamond exploration and project development company with exploration licences in Botswana and South Africa.

Source: DCLA

Vutomi to sell diamonds recovered from South Africa project

Botswana Diamonds associate Vutomi has received approval to sell diamonds recovered during a bulk sampling programme at the Thorny River project in South Africa.

The Thorny River bulk sampling project is a joint venture between SouthernEra, Palaeo and Vutomi.

SouthernEra holds a 40% interest in the project and provides processing services while Palaeo holds a 40% stake and serves as the mining contractor. The remaining 20% interest is owned by Vutomi, which provides the ground.

Until 10 June, 256 carat of rough diamonds were recovered. Sale of these diamonds from the bulk sampling will fund further development by Vutomi, in which Botswana holds a 40% stake.

The trenching programme has identified a hotspot at the project site with a thick, 4m wide kimberlite intersection, indicating a kimberlite blow.

According to Botswana Diamonds, the bulk sampling programme is expected to generate short-term cash flow while developing the mineral resource.

Botswana Diamonds’ partner, SouthernEra Diamonds, has included its coarse tailings dumps produced from the mining of the Marsfontein and Klipspringer diamond mines into the same revenue share partnership agreement.

Vutomi has obtained a Section 27 mining permit for a portion of the contiguous Marsfontein farm.

Part of this farm hosts rich M8 kimberlite dyke, bordering the Marsfontein diamond mine.

Botswana Diamonds is a diamond exploration and project development company with exploration licences in Botswana and South Africa.

Source: DCLA

Bluerock Diamonds’ shares jump on record find

BlueRock Diamonds shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone.

BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner’s largest diamond prior was 16.28 carats, which sold for $78,947.

“This record recovery of such a high-quality diamond is an exciting milestone and underpins why we are so confident about the potential of the Kareevlei mine. We have a comprehensive development plan to increase production and look forward to providing further updates as we progress,” executive chairman Mike Houston said in a media statement.

The diamond will be put to tender, the results of which will be announced June 17, the company said.

BlueRock’s shares were priced at 11 pence on the LSE late Friday, on a day that saw trading volume at 61.9 million, mover six times the average daily trading volume is 9.5 million. The company has a £1.8 million market capitalization.

Source: DCLA

Bluerock Diamonds’ shares jump on record find

BlueRock Diamonds shares were up 15% on the London Stock Exchange Friday after the miner announced it had recovered its largest diamond to date, a 24.9 carat gem quality stone.

BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa. The miner’s largest diamond prior was 16.28 carats, which sold for $78,947.

“This record recovery of such a high-quality diamond is an exciting milestone and underpins why we are so confident about the potential of the Kareevlei mine. We have a comprehensive development plan to increase production and look forward to providing further updates as we progress,” executive chairman Mike Houston said in a media statement.

The diamond will be put to tender, the results of which will be announced June 17, the company said.

BlueRock’s shares were priced at 11 pence on the LSE late Friday, on a day that saw trading volume at 61.9 million, mover six times the average daily trading volume is 9.5 million. The company has a £1.8 million market capitalization.

Source: DCLA

Russian Police Uncover Diamond Theft Gang Inside State Mining Firm Alrosa

Russian police uncovered around $3 million worth of stolen diamonds, and over $2.5 million in cash, at the homes of a criminal ring operating inside state-controlled diamond producer Alrosa, authorities said on Monday.

Alrosa, the world’s largest producer of rough diamonds in carat terms, confirmed that security services had uncovered an ongoing diamond theft ring in its sorting and grading department.

Russia’s Investigative Committee said in a statement that three suspects, one of whom is an Alrosa employee, have been placed in custody by a Russian court.

“Alrosa completely confirms information from Russia’s FSB (security service) about the interception of an extensive scheme to steal rough diamonds in the company’s United Selling Organisation,” Alrosa said in a statement, referring to its valuation and sales department.

Alrosa competes with Anglo American’s De Beers, the biggest seller of rough diamonds by value.

The suspects were caught red-handed last Thursday attempting to steal another batch of diamonds worth over 22 million roubles ($340,000), investigators said.

During the course of their subsequent investigation, a bigger cache of diamonds and cash was found, as well as jewellery and dozens of diamond-encrusted watches.

A video shared by the Investigative Committee showed several opened safes filled with wads of $100 bills, Tiffany and Dior jewellery boxes, and multiple plastic bags of unpolished diamonds of different shapes and colours.

The court ordered that the three suspects be held in custody while the investigation continues.

“A few years ago the company announced its focus on rooting out corruption cases. This focus will be continued,” Alrosa said in its statement, adding its own security team had been involved in the investigation.

Alrosa produced 36.7 million carats of diamonds last year.

Source: themoscowtimes

Russian Police Uncover Diamond Theft Gang Inside State Mining Firm Alrosa

Russian police uncovered around $3 million worth of stolen diamonds, and over $2.5 million in cash, at the homes of a criminal ring operating inside state-controlled diamond producer Alrosa, authorities said on Monday.

Alrosa, the world’s largest producer of rough diamonds in carat terms, confirmed that security services had uncovered an ongoing diamond theft ring in its sorting and grading department.

Russia’s Investigative Committee said in a statement that three suspects, one of whom is an Alrosa employee, have been placed in custody by a Russian court.

“Alrosa completely confirms information from Russia’s FSB (security service) about the interception of an extensive scheme to steal rough diamonds in the company’s United Selling Organisation,” Alrosa said in a statement, referring to its valuation and sales department.

Alrosa competes with Anglo American’s De Beers, the biggest seller of rough diamonds by value.

The suspects were caught red-handed last Thursday attempting to steal another batch of diamonds worth over 22 million roubles ($340,000), investigators said.

During the course of their subsequent investigation, a bigger cache of diamonds and cash was found, as well as jewellery and dozens of diamond-encrusted watches.

A video shared by the Investigative Committee showed several opened safes filled with wads of $100 bills, Tiffany and Dior jewellery boxes, and multiple plastic bags of unpolished diamonds of different shapes and colours.

The court ordered that the three suspects be held in custody while the investigation continues.

“A few years ago the company announced its focus on rooting out corruption cases. This focus will be continued,” Alrosa said in its statement, adding its own security team had been involved in the investigation.

Alrosa produced 36.7 million carats of diamonds last year.

Source: themoscowtimes

Charlotte Casiraghi of Monaco

princess grace monaco

Royal bride Charlotte Casiraghi of Monaco channeled her grandmother Grace Kelly as she celebrated her marriage with glittering evening reception.

Charlotte, 32, donned a stunning diamond necklace once owned by the actress as she joined new husband Dimitri Rassam, 37, for the gala dinner at a private mansion on Saturday night.

The couple, who tied the knot in a civil ceremony in Monaco that afternoon, delighted royal fans by releasing a photo from the event yesterday.

Source: DCLA