Diamond Video Challenge Rapaport

Sierra Leone

Diamond Video Challenge Rapaport

November 7, 2017, New York… The Rapaport Group is offering a first prize of $5,000 for the best diamond video promoting the Peace Diamond® and the brand concept “Diamonds That Make the World a Better Place” ®. The video must be under 2.5 minutes and focus on the role that diamonds can play in improving the lives of artisanal diggers. The deadline for video submissions is Nov. 20; votes will be accepted until Nov. 23 on the Peace Diamond Facebook Page, with the winner being the video that receives the most likes.

The big idea is to show the benefits that artisanal diamonds can bring to the world if they are sold through legitimate channels, with taxes paid and infrastructure improvements provided by the government. The 709-carat Sierra Leone Peace Diamond was discovered by impoverished diggers from the village of Koryardu. This village and the surrounding area have no clean water, electricity, schools, health facilities, roads or bridges. For the first time, millions of dollars from the sale of the Peace Diamond will go toward providing vital infrastructure and improving the lives of some of the poorest people in the world.

Participants in the Peace Diamond Video Challenge may register online at https://www.peacediamond.com/sign-up-for-the-challenge/, where additional information, terms and conditions, and media material — including videos, images, articles, stories, and information on how to make a submission — can be found. All the information on the website is available for download and use by the video creators. Participants are urged to view the five-minute Rapaport Peace Diamond Story Video on the website to get an understanding of the Peace Diamond Video opportunity: https://www.peacediamond.com/videos/.

“The winning video should create emotional value for Peace Diamonds that make the world a better place by helping artisanal diggers and the country from where the diamonds originate. We must fairly compensate the sources of artisanal diamonds to ensure that they are sold through legitimate channels. There is a reason G-d gave these diamonds to the poorest people in the world and made the richest desire them,” said Martin Rapaport, Chairman of the Rapaport Group.

Rapaport Media Contacts: media@diamonds.net
US: Sherri Hendricks +1-702-893-9400
International: Gabriella Laster +1-718-521-4976
Mumbai: Karishma Nagpal +91-98206-60574

About the Rapaport Group: The Rapaport Group is an international network of companies providing added-value services that support the development of ethical, transparent, competitive and efficient diamond and jewelry markets. Established in 1976, the Group has more than 20,000 clients in over 121 countries. Group activities include Rapaport Information Services, providing the Rapaport benchmark Price List for diamonds, as well as research, analysis and news; RapNet – the world’s largest diamond trading network, with over 15,000 members in 95 countries and daily listings of over 1.4 million carats valued at approximately $8 billion; Rapaport Laboratory Services, providing GIA and Rapaport gemological services in India, Israel and Belgium; and Rapaport Trading and Auction Services, the world’s largest recycler of diamonds, selling over 500,000 carats of diamonds a year. Additional information is available at www.diamonds.net.

 

South African mining in crisis – comment by Yolanda Torrisi

Alrosa

South African mining in crisis – comment by Yolanda Torrisi

The mining industry in South Africa is in crisis owing to a combination of factors and there are no signs that it can recover in the short to medium term. Most of the factors stifling the industry can be related to government policy, which have hit internal and external investment very hard.

Chamber of Mines of South Africa CEO Roger Baxter, a former speaker at the African Mining Network, told the Paydirt 2017 Africa Downunder conference in Perth this month that business confidence in the country was at its lowest levels in more than 30 years.

He said key governance and policy challenges had eroded business and investor confidence, undermining investment. These challenges coupled with policy and regulatory uncertainty had frozen new investment in the sector.

The result was that real mining GDP in 2016 of R226 billion was smaller than it was in 1994 when it was R242 billion while real mining fixed investment had shrunk over the past two years.

Another consequence was that the mining industry in South Africa made an accumulated loss of more than R30 billion in 2015. Evidence of this can be found this year with 65% of the country’s once strong platinum mining industry not being profitable.

Roger Baxter said that despite the country’s mineral potential, since 2013 the policy perception index, a report card of investment attractiveness of mining policies, had deteriorated to 84th out of 104 global jurisdictions.

Critical factors affecting the investment attractiveness were:

* Uncertainty regarding the ownership element of the mining charter.

* Uncertainty created by the DMR’s unilaterally developed and imposed reviewed mining charter (RMC17).

* Uncertainty regarding the finalisation of the MPRDA Amendment Bill which is incomplete after being published nearly five years ago (eg remaining uncertainty on s11 approvals).

* Uncertainty regarding the Minister’s proposed s49 moratorium on new right and s11 applications.

* Uncertainty created by double financial provision for environmental rehabilitation.

He said it was with all the uncertainty, the mining industry had lost confidence in the DMR and its Minister.

“The industry does not believe that the approaches adopted by the DMR are serving the national interest of the country,” he said. “In essence, there is a freeze on investment- it is extremely difficult to get an investment committee to approve any new greenfields project.

“The economic opportunity cost of the failure to get the policy, legislative, administrative and operating environment right to promote investment, growth, transformation and job creation in RSA mining is material,” he told delegates, and the DMR had provided no assistance to help the industry through the crisis.

Yolanda Torrisi is Chairperson of The African Mining Network and comments on African mining issues and the growing global interest in the continent. Contact:yolanda@yolandatorrisi.com

Original article  http://www.africanminingnetwork.com/news/south-african-mining-in-crisis-comment-by-yolanda-torrisi/

ALROSA : 27.85 carat Pink diamond found

Alrosa

ALROSA has recovered a unique pink 27.85-carat diamond.

“Almazy Anabara”, a subsidiary of ALROSA, recovered a large pink rough diamond weighing 27.85 carats. This is a unique discovery: by far the largest company’s pink rough diamond had a weight of about 4 carats. If the company decides to cut this stone, it could become the most expensive polished diamond in the history of ALROSA.

The rough diamond has dimensions of 22.47 x 15.69 x 10.9 mm. The pink stone is of gem-quality and almost free of inclusions.

Most often ALROSA recovers pink and other colored diamonds at Severalmaz kimberlite pipes or placer deposits of “Almazy Anabara”. Colored diamonds weighing over 10 carats are extremely rare and recovered about once a year. As for the pink shades, by far the largest pink diamond of ALROSA weighed 3,86 ct – it was found by “Almazy Anabara” in 2012. Apart from this stone, for the last 8 years ALROSA recovered only 3 pink diamonds weighing over 2 carats.

“The unique characteristics of the diamond make it an extraordinary, rare stone of high value. Currently, experts of United Selling Organization of ALROSA and the company’s polishing division DIAMONDS ALROSA are examining the stone to make the decision: whether to auction it as a rough or cut it into polished diamond. Large stones, especially colored, are always in demand at auctions. But if the company decided to cut it, it would become the most expensive diamond in the entire history of ALROSA”, – said Evgeny Agureev, the head of USO ALROSA.

Botswana seeks option to buy unusually big diamonds from its mines

Botswana seeks option to buy unusually big diamonds from its mines

BY: REUTERS

GABORONE – Botswana is amending its law to give the government the first option to buy diamonds that are unusually large or have other unusual features found in its mines, such as the world’s second-biggest 1 109 ct diamond discovered two years ago.

The cornerstone of Botswana’s success has been one commodity, diamonds, coupled with a rigid adherence to prudent use of revenues, a rarity on a continent where natural riches are routinely squandered or stolen, or the cause of civil war.

A draft bill amending the Precious and Semi-Precious Stones Act says any producer coming into possession of what it terms an “unusual” rough or uncut diamond shall notify the minister within 30 days after which government shall have the first option to buy the stone.

The bill did not give a precise definition of “unusual”.

But an official told a local newspaper that it referred to stones that were unusually large, were particularly clear or had an unusual colour.

Moses Tshetlhane, chief minerals officer in the Mineral Resources Ministry told Mmegi Newspaper the amendment was motivated by the recovery of “Lesedi La Rona”, or “Our Light”, the largest diamond uncovered in over a century.

“The price to be paid by government for a rough or uncut precious stone offered for sale by the producer shall be agreed between the parties in accordance with the current market price of the rough or uncut precious stone,” the bill says.

The tennis ball-sized stone was found in November 2015 at Lucara Diamond Corp’s mine in Botswana and is yet to find a buyer after it failed to sell at Sotheby’s auction house in June 2016.

“These outliers carry special features and any producer would celebrate such or even have them in museums as national treasures. So it is not unusual for governments to have options in such unusual diamonds,” Tshetlhane said.

Lucara also unearthed another 812.77 ct stone, The Constellation, at the same mine, which fetched $63-million at an auction in 2016.

EDITED BY: REUTERS

Alrosa accident at Mir mine

Alrosa

To arrange an independent analysis of the causes of the accident, ALROSA is planning to invite an auditor experienced in work at underground diamond mining facilities with similar hydrogeological conditions. A relevant resolution was passed at the initiative of the independent members of ALROSA Supervisory Board. SRK Consulting and DMT Group are among the possible candidates for the audit.

An independent audit will be conducted to make an overall assessment of all decisions and actions at the design, construction and operation stages of Mir underground mine. This will make it possible to find out the causes of the accident on August 4 and to assess the adequacy of the measures taken for its prevention and elimination.

International experts are to assess the pre-project option of the underground mining technology for the Mir pipe, correctness of the underground mine construction and operation project, and existing procedures for technical decision-making in terms of industrial safety. Among other things, there will be a comprehensive assessment of the correctness of the initial data used to calculate and model the reliability of the safety pillar, as well as technological parameters for drainage and dewatering systems, systems for integrated monitoring of safe operation and cut-and-fill system for diamond mining at Mir underground mine.

Independent experts will also assess how the design decisions were observed during the construction and operation of the underground mine and whether it was possible to prevent the emergency taking into account the existing design decisions.

Sergey Ivanov, ALROSA President:

− We are interested in the most objective and highly professional independent assessment of what happened. At the same time, we know that there are no analogous mines with similar hydrogeological conditions in our country. There are a few competent specialists in Russia with the relevant experience, and the company engaged most of them at the stage of the mine design and operation. We are counting on assessment by independent international experts who have experience in mine planning and production for deposits with similar adverse hydrological conditions.

 

Earlier, Sergey Ivanov signed an order to carry out an overall safety assessment of mining operations at all the Company’s underground mines by September 1, 2017. A special purpose expert group is to assess the potential impact of water bodies on mine workings and measures taken to prevent water breakthrough from depleted open pit mines.

Reference

SRK Consulting is part of an independent international consulting practice with 1,400 professionals in 20 countries specializing in the mining industry. It is an international expert in calculation and modeling of hydrogeological situation, strength of open and underground mine workings. SRK experts designed the majority of operating kimberlite mines in Canada, South Africa, Grib deposit in Russia, they developed a combined mining project for the Diavik diamond deposit under a water body (lake).

DMT Group is an international company providing services in geological exploration, design, consulting and geotechnics. Specialists of the company are recognized experts in industrial safety. DMT Group has experience in technical audit and engineering of objects in Russia with the combined development and surface water sources, as well as extensive audit experience in industrial safety and incidents at mining facilities. Its experts participated in the investigation of accidents at Ulyanovskaya and Raspadskaya mines.