A first (rough) look into 2017 diamond production

World diamond production

After almost a decade of production stagnation around 130 Mct, Kimberley Process 2017 diamond annual production data show a marked production jump for diamonds. Production of rough diamonds rose from 134 Mct and US$12,4 bn (2016) to 151 Mct and US$15,9 bn (2017), an apparent return to pre-2008 levels (not there yet, but getting closer) – data from the Kimberley Process (KP).

South African production explains most of the jump in value recorded in KP data. It more than doubles previous year’s South African production value and it is a record value. Most probably I am missing something: can this be, or is the published data wrong? again, drop me a line to comment on this.

The sharp (12,5%) increase in rough diamond volume production is due to:

  • +  3,1 Mct in Australia;
  • +  2,5 Mct in Botswana;
  • + 10,2 Mct in Canada;
  • –   4,3 Mct in DRC;
  • +  0,8 Mct in Lesotho;
  • +  2,3 Mct in Russia and
  • +  1,4 Mct in South Africa.

The even sharper (28%!) value increase was due to:

  • +   483 M USD in Botswana;
  • +   663 M USD in Canada;
  • –     89 M USD in DRC;
  • +   533 M USD in Russia and
  • + 1 840 M USD in South Africa.

World diamond value

 

SME Guide For Reporting Exploration Information, Mineral Resources and Mineral Reserves

The 2017 SME Guide for Reporting Exploration Results, Mineral Resources, and Mineral Reserves has been adopted by the Society for Mining, Metallurgy, and Exploration, Inc. (SME) and is therefore strongly recommended to be used by members of this organization.

The Guide is recommended as a minimum standard for reporting Exploration Results, Mineral Resources and Mineral Reserves for public and private purposes. In terms of the Guide, Public Reports are reports prepared for the purpose of informing investors or potential investors and their advisers on Exploration Results, Mineral Resources or Mineral Reserves.

2017 diamond flows and what lies ahead

IDEX just reported on the 2017 Diamond Pipeline in the latest number of their online magazine. The 2017 update of IDEX’s conceptual map is an insert of a wider analysis of the current state of the diamond industry. It’s always worthwhile to read informed analysis; don’t miss it at http://www.idexonline.com/Magazine.html.

IDEX’s Magazine view is somber, considering 2017 as the calm before the storm. “The industry is heading into a period where the next few years will see some of the fundamental operating principles of the industry undergo changes“. The main industry drivers, in their opinion are the

  • industry financing,
  • tightening diamond supplies (apparently good news for me, as my company is active in the exploration and evaluation of diamond deposits especially in Angola),
  • lab-grown diamonds (synthetics) – our favorite villain since I remember,
  • compliance and the
  • data tsunami (with the potential to reshape the industry) – see our post of a few weeks ago on gold, gold, gold, crypto coins, blockchain and diamonds.

I am an optimist: changes are just a fact of life. There will be those that won’t adapt, others will. To be one of the laters, keep checking your markets’ pulse, keep changing.

PROSPECÇÃO DE JAZIGOS MINERAIS – CURSO NO FUNDEC – IST, 20 e 21 setembro 2017

Mais um curso no IST – FUNDEC, já daqui a uma semana – Prospecção de Jazigos Minerais. Para saber mais, e para obter o programa e ficha de inscrição, basta clicar aqui. Os contactos do FUNDEC podem ser obtidos clicando aqui.

De 27 a 29 de setembro, um outro curso, Avaliação de Jazigos e Activos Minerais – para mais informações sobre este curso, basta clicar aqui.

Dúvidas, questões, sugestões são sempre benvindas: luischambel@sinese.pt .

100 anos – DIAMANG, 2017

Bom Agosto, boas férias para todos os que as gozam agora.
É altura de começar a planear o final do ano e 2018.

A DIAMANG faz 100 anos daqui poucos meses.

É oportunidade para celebrarmos ao longo de 2017 e 2018, a DIAMANG e os diamantes, Portugal e os Portugueses, Angola e os Angolanos.
Já existem algumas ideias; são precisas mais. O que podemos fazer, e onde?
  • O quê?
    • Conferências técnicas
    • Almoços
    • Exposição de fotografias
    • Edição de livros
    • Artesanato da Lunda
    • Minerais e rochas ligados aos diamantes
    • Que mais?
  • Onde?
    • Lisboa, claro.
    • Luanda, evidentemente.
    • Porque não na Lunda?
    • Porto.
    • Sardoal.
    • Moura.
    • Viana do Castelo.
    • Onde mais?
Serão precisos voluntários para ajudar a organizar e coordenar os eventos; estou certo que poderei contar com Pedro Batista Tomé, Joao Pedro Roque, Isabel Inácio, Luz d’Oliveira Belchior, Jose de Sá, Graziela Valente, Ana Carvalho, Isabel Redondo e muitos outros em todo o Mundo.
Vamos precisar de recursos audiovisuais, peças e artefactos, mapas, filmes e fotografias (antigas e modernas).
Se me fizerem chegar (através de comentários no blog, no Facebook ou LinkedIn ou através do meu email – luischambel@sinese.pt) as vossas ideias, nome e contactos durante Agosto, poderemos começar a organizar tudo logo no início de Setembro – o primeiro evento será a 16 de Outubro.
Abraço a todos.
Boas férias.

WIN A DIAMOND: HRD ANTWERP JULY SUMMER CONTEST

WHAT DOES A DIAMOND SYMBOLISE FOR YOU ?

From Monday July 3 to Sunday July 9 12.00pm, HRD organizes a Summer Contest on their Social Media platforms to discover what a diamond symbolizes for our online community.

To participate, post an original photo or video about what a diamond symbolizes for you on your public Instagram account, and make us dream away with you!

The participant with the most original photo/video will win a 0,30 ct diamond graded by HRD Antwerp. The winner will be announced on HRD’s Instagram account on Thursday July 13.

How to participate?
Follow these 3 easy steps:

1. Follow HRD’s Instagram account and like their  Facebook page

2. Post a photo/video on Instagram about what a diamond symbolizes for you, with the hashtag #hrdantwerplovesdiamonds​

3. Make sure your Instagram profile is public until Thursday July 13

Good luck to all of you !

 

Lítio em Portugal – Relatório do grupo de trabalho

Encontra-se disponível para consulta pública o relatório do Grupo de Trabalho “Lítio”, criado por Despacho nº 15040/2016 do Secretário de Estado da Energia (publicado no D.R., 2ª Série, de 13 de dezembro de 2016). O relatório pode ser obtido no site da DGEG ou directamente aqui.

Todos os interessados poderão apresentar aqui os seus comentários e sugestões até ao próximo dia 8 de julho.

Vitória Stone Fair – NEW DATES

Novas datas para a Feira de Vitória – 6 a 9 de Junho 2017

News release just received:

Vitoria Stone Fair | Marmo+mac Latin America 2017 will take place from 6 – 9 June 2017, in Espirito Santo – Brazil. The event is considered the largest stone exhibition in Latin America and the most objective, economical and efficient way to develop business in Brazil, Latin America and the global stone sector.
The fair brings together an exuberant showcase, with several types of materials with colors and unique textures. Also, novelties in machinery, equipment and stone accessories for the industry. The event attracts buyers from all continents, from importers to exporters, looking for machinery, accessories and services.

Vitória Stone Fair website

 

Current Trends in Mining Finance Conference, New York 2017

SME – Society for Mining, Metallurgy, and Exploration
5th Annual Current Trends in Mining Finance (CTMF) Conference
New York, April 30th – May 3rd, 2017

Managing through the Cycle,
Investing for the Future

SME_HORZ

Intended for senior executives and mining industry specialists, bankers, financial analysts, investors, portfolio managers, and engineers, the CTMF Conference bring influential experts together to discuss opportunities, current trends and issues that affect mining and project finance, investment, raising capital, and project management, smart use of data and technology to manage project costs and risks.

The New York Section of the Society for Mining, Metallurgy & Exploration is the host and organizer of the SME’s annual Current Trends in Mining Finance Conference. In the heart of New York (where else?), the CTMF Conference format encourages networking and discussions  with colleagues, fellow professionals and key experts – at the Sunday Dinner, breakfasts, breaks, lunches and evening receptions and workshops.

Read the 2017 Conference’s Agenda here.
Please note, schedule and content is subject to change.
To check for any updates, revisit the Conference’s website.
Register here. Questions, comments, suggestions: Tim Alch.

The organisation thanks Shearman & Sterling LLP, the host of the 2017 CTMF Conference again at its conference facilities in  Midtown Manhattan. We also thank the Government of Quebec as a returning as Sponsor of the Monday May 1st Lunch – a Senior Official from Quebec will be a Key Note speaker.

Quebec will  also host an evening reception on Monday May 1st at their offices in Rockefeller Center to which  conference delegates will be invited.
Quebec is also returning with a delegation of mining companies.

At the dinner on Sunday April 30th, 2017 Neal Rigby, PhD, CEng, AIME, MIMMM, Corporate Consultant (Mining) at SRK Consulting will be one of two Guest Speakers. The Sunday dinner – after two pre-conference workshops – is an enjoyable time to meet others, including members of the New York finance, investment and analyst community.

 SME also thanks the other sponsors including:

Newmont Mining Corporation, EnviroSuite, Dassault Systemes, SRK Consulting,
Ernst & Young LLP, Hatch Ltd., Matamec Explorations,
Nemaska Lithium, Abernathy MacGregor, Golder Associates,
BDO USA LLP, Agapito Associates and others

Contact Tim Alch if you have questions and or would like to join in the support of CTMF with these  and other leading firms. Start improving your ROI by registering before March 31st: REGISTRATION.

Registration includes breakfasts, lunches and receptions on Monday, May 1st and Tuesday, May 2nd. The dinner on Sunday, April 30th and workshops are separate fees.