Sales of rough diamonds at Debswana Diamond Company fell 21% in the nine months up to September, as Botswana’s central bank data on Tuesday showed, amid global economic uncertainty and slowing demand for gems. Debswana, equally owned by Botswana and Anglo American’s De Beers, sells 75% of its output to De Beers, while the balance is taken up by the state-owned Okavango Diamond Company (ODC). Botswana and De Beers in June agreed to a new
The ASX-listed Lucapa Diamond Company has announced the recovery of a 208 ct Type IIa diamond from the Lulo alluvial mining operations in Angola. This diamond is the third largest to be recovered from Lulo since mining operations began in 2015. Up to this point, Lulo has yielded 39 diamonds, each weighing more than 100 ct. This recent discovery closely follows the recovery of a 123 ct diamond at the same mine. Lucapa owns the
The government plans to bring the most renowned global mining operators to Angola at the 2nd International Mining Conference and Exhibition (AMC) announced on Monday in Luanda for November 22 and 23 by the Secretary of State for Mineral Resources. Janio Corrêa Victor, speaking to the press at the launch of the event taking place in Luanda, considered that “the new governance model for the mining sector has encouraged the government to create the best
Rapidly emerging as a key player on the regional energy stage, West Africa is rich in mineral resources such as bauxite, manganese, copper, cobalt, iron ore, and gold. In order for the region’s mineral resources to translate into economic wealth, however, the critical mineral value chain needs to be enhanced, with regulatory policies and reforms, advancements in processing and refining capacity, and heightened investment in exploration serving as key solutions. A Wealth of Mineral Opportunities
Aim-listed gold producer, developer and explorer Shanta Gold has reported steady gold production in line with expectations in its production and operational results for the quarter ended September 30. The report covers the company’s East African assets, comprising the New Luika and Singida gold mines, in Tanzania, and the West Kenya project, in Kenya. Our performance over the third quarter demonstrates the stable and reliable production volumes we have worked hard to achieve, with group gold production across our two operating mines of 27 935
However, this was offset by rough diamond production decreasing by 23% and steelmaking coal production decreasing by 21%. Moreover, nickel production was down 7% on lower grades and planned plant maintenance at the Minas-Rio iron-ore operation in Brazil put overall iron-ore production at a 4% lower level than the corresponding period of last year. Now, the focus of the London- and Johannesburg-listed company is on delivering full-year production guidance in line with a planned stronger
Botswana’s state-owned Okavango Diamond Company (ODC) has temporarily halted its rough stone sales as part of an industry-wide drive to reduce the glut of inventory caused by lower global demand for jewelry, its managing director Mmetla Masire said on Tuesday 24th of October, 2023. ODC, which reported a record $1.1 billion in revenue in 2022, holds 10 auctions a year to sell its 25% allocation of production from Debswana Diamond Company, a joint venture between
The ASX-listed diamond miner and explorer, Lucapa Diamond Company, has maintained its production guidance for its Lulo and Mothae mines for the full year. Reporting on the company’s performance in the third quarter, which ended on September 30, Managing Director (MD) Nick Selby said that Lucapa’s 70%-owned Mothae mine, located in Lesotho, continued to perform strongly and had “a very positive quarter.” Mothae delivered 9,010 carats of diamonds in the third quarter, marking a 19%
As we move into 2024, the global mining industry is abuzz with excitement as the annual Mining Indaba event makes its triumphant return. What makes this year’s event particularly special is the revival of the “Mining Innovation and Research Battlefield,” a platform that promises to showcase cutting-edge technologies and research breakthroughs set to revolutionize the mining sector. Mining Indaba: A Premier Gathering for the Mining Industry Mining Indaba has long been recognized as one of
In a significant stride towards economic revitalization, Caledonia Mining Corporation, a globally renowned mining company, is embarking on an ambitious journey to develop Zimbabwe’s largest gold mine. This move promises to have far-reaching implications, not only for the company itself but also for the nation’s economy and the international mining industry as a whole. Let’s delve into this groundbreaking development and explore the potential impact it may have on the future of Zimbabwe’s mining sector.
