The Indian diamond sector has recommended a two-month freeze on rough imports, its most drastic emergency measure since the Covid-19 crisis. The pause will run from October 15 to December 15, five leading trade organizations said in a joint statement. They came to the decision at a meeting of more than 100 industry representatives the same day, and said they would review the situation in the first week of December. The move is a response
Namibian President Hage Geingob expressed the view that the United States is overlooking investment opportunities in green hydrogen projects and mineral resources within the southern African nation. Meanwhile, the European Union has shown significant interest in these prospects. In December, German officials visited Namibia with the intention of exploring investments in response to their quest for new energy sources to facilitate a transition to cleaner technologies. This move is partly driven by the need to
Sonangol received, on Tuesday 12th September, the second oil tanker of the Suezmax type, in the city of Mokpo, South Korea, ordered from the company Hyundai Samho Heavy industries. For the vessel’s godmother, named “Sonangol Njinga Mbande”, in honor of the sovereign Queen of the Kingdom of Ndongo and Matamba, the choice fell to the First Lady of the Republic, Ana Dias Lourenço. In carrying out the ritual dictated by the ancient tradition of sailors,
The Australian multinational Rio Tinto, the second largest minerals company in the world, began prospecting operations for kimberlites and diamonds in the commune of Chiri, province of Lunda-Norte, informed the company’s general director. The four-year prospecting phase takes place in a 75 hectare or 108 square kilometer mine, under the terms of a mining investment contract in Quimberlito do Chiri signed between the Ministry of Mineral Resources, Oil and Gas, Endiama and Rio Tinto ,
The future of fossil fuels, the main cause of the increasingly severe climate crisis, is this year at the center of international negotiations that will culminate in December, at COP28. The G20 expressed itself, last Saturday, deeply divided in relation to oil, deciding not to call for an exit from fossil fuels, but rather to support, for the first time, the tripling of renewable energies by 2030. The G20’s commitment to renewable energies, reached at
KCA Deutag, an international oil and gas services company, has secured a one-year contract extension for the provision of core drilling and maintenance services on two offshore platforms in Angola. The $60 million deal will see KCA Deutag maintain its provision of crane operations, maintenance services, equipment management, and rental services for the Angolan client for an additional year. The deal increases the firm’s operations on the Angolan assets to over 10 years. Ole Maier,
Alrosa has recovered a 390.7-carat diamond from its Mayat mine in Yakutia, the largest gem-quality rough discovered in Russia in 10 years. The stone is irregularly shaped, bears a light color, and is bordered by a yellow-brown halo, the company said Sunday. The miner found the diamond during the night-washing of rough from the Ebelyakh portion of the deposit, along with a colorless diamond with a traditional octahedron shape weighing 37.7 carats. In 2013, Alrosa
Canadian mining firm, Thor Explorations, has discovered gold at the Makosa project in Senegal. The firm announced the discovery of 23.35 grams of gold per ton from drillhole DTRC807, marking a significant milestone in the company’s ongoing exploration operations. Thor Explorations CEO Segun Lawson said “The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification and also to commence detailed metallurgical test work that is
Last week, NUM said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. Anglo American’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond mine, the company said on Friday. On Tuesday, NUM, South Africa’s biggest mineworkers’ union, said it was planning a strike at
South Africa’s National Union of Mineworkers (NUM) on last week said it was planning to strike at De Beers’ Venetia mine after wage talks broke down, potentially disrupting operations at the diamond giant’s new $2.3 billion underground facility. NUM, South Africa’s biggest mineworker union, said its members were demanding a 9% wage hike, but Anglo American Plc unit De Beers was offering a 6% increase. “The NUM can confirm that the four-month wage negotiations with
