May 17, 2020

[PHOTOS] World’s second largest diamond finally has a name

Lucara Diamond
2 min
World’s second largest diamond finally has a name
In November 2015, the Lucara Diamond firm discovered a massive 1,111-carat, Type IIa diamond at its Karowe Mine in Botswana. Said to be the largest diam...

In November 2015, the Lucara Diamond firm discovered a massive 1,111-carat, Type IIa diamond at its Karowe Mine in Botswana. Said to be the largest diamond found in over a century, and second only to the Cullinana diamond, the stone had previously gone unnamed—until now.

Meaning “Our Light” in Setswana, the national language of Botswana, the second biggest diamond in the world is now called “Lesedi La Rona”.  

"Lesedi La Rona" symbolizes the pride and history of the people of Botswana," William Lamb, the CEO of Lucara said.

• Related: [INFOGRAPHIC] The world’s most famous diamonds

In January, Lucara launched a public competition to all Botswana citizens, including the company’s employees in the country, to name the diamond. After more than 11,000 entries, including retaining audit firm Ernst & Young to oversee the competition, Thembani Moitlhobogi was chosen as the winner and will receive approximately USD$2,200.

"The outpouring of pride and patriotism shown by all the participants in the contest was incredible,” said Lamb. “The diamond industry has played a vital role in the country's development, allowing for significant and ongoing investment in world-class healthcare, education and infrastructure."

The Lesedi La Rona diamond measures 65mm x 56mm x 40mm in size. The value of the diamond has not been determined because it does not fit into conventional scanners, which are used to evaluate a stone’s potential worth.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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