Namibia recorded a 9% increase in diamond production in 2023. The country produced 2,327 million carats of rough diamonds last year, up from 2,137 carats in 2022. Namibia’s land-based production, overseen by the diamond corporation Namdeb, recorded a 14% increase in 2023 compared to the previous year. The company produced 468,000 carats, up from 412,000 carats in the period under review. Meanwhile, the country’s offshore production in 2023, overseen by the marine diamond mining company
The Democratic Republic of Congo (DRC) is seeking ‘modern investors’ to tap into the country’s mining sector, which boasts over $460 trillion worth of untapped mineral deposits. Miguel Kashal Katemb, Director General of the DRC’s Regulatory Authority for Subcontracting in the Private Sector (ARSP), said the country wants to collaborate with responsible investors, particularly those focused on equity funds and exchange-traded funds, to drive infrastructure development within the mining sector. “We have many big investors
Angola’s diamond industry is emerging as an increasingly attractive investment opportunity, driven by legislative reforms, the discovery of high-quality deposits, and a forward-thinking approach by the government. With the Ministry of Mineral Resources, Oil, and Gas actively engaging with regional and global partners, Angola aims to enhance diamond production and position itself as a hub for this precious gem. Sectoral Reforms Encourage Foreign Investment As the fourth-largest diamond producer in Africa and the sixth globally,
Angola and Botswana convened their respective ministerial delegations yesterday Wednesday 7th February, in Cape Town, South Africa, to discuss cooperation in the mineral resources sector. The ministers, Diamantino Pedro Azevedo from Angola and Lefoko Moagi from Botswana, explored the possibility of future bilateral meetings. During the meeting, the focus was on the foundational aspects of bilateral cooperation between Botswana and Angola, emphasizing the development of the extractive industry and the potential for strengthening relations in
The Geological Institute of Angola (IGEO) signed two cooperation agreements in the field of geological research on Tuesday in Cape Town, South Africa. On the sidelines of the Angolan Mining Business Forum, agreements were reached with the Bureau de Recherches Géologiques et Minières de France (BRGM) and the Council for Geoscience of South Africa. The signatories included José Manuel, CEO of IGEO, Christophe Poinssot representing BRGM and Mosa Mabuza representing the Council for Geoscience, according
The Trafigura and Kamoa-Kakula signed an agreement on Wednesday in South Africa to transport minerals for a minimum period of six years through LAR – Atlantic Lobito Corridor, the company that manages the Lobito Corridor operation. According to a statement sent to the editorial team, the terms of this agreement, the clauses of which are confidential, were signed during the Mining Indaba in Cape Town, South Africa. These mark the first long-term commercial commitments with
The diamond mining and marketing company De Beers is set to collaborate with Angola on opportunities to increase diamond production, support the alluvial mining sector, and enhance social development for the benefit of Angola’s citizens. On Tuesday 6th February, De Beers signed a memorandum of understanding (MoU) with Angola’s National Mineral Resource Agency, Angola’s state-owned Endiama diamond company, and Angola’s state-owned Sodiam diamond trading company, aiming to support the outlined objectives. De Beers CEO Al
Zambia has launched a national geological mapping program to better understand its mineral resource deposits and untapped potential. Spearheaded by the government, the survey aims to promote mineral exploration in the country by quantifying resources and supporting strategic investments, with a view to capitalizing on the growing global demand for critical minerals. Speaking at a mining conference in Cape Town on Monday, Zambian President Hakainde Hichilema stated that “by 2040, an additional nine million tons
The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, delivered a speech on Tuesday at the opening of the “Mining Business Forum in Angola,” taking place in Cape Town, South Africa, as part of the “Angola Day” within the framework of the 30th International Mining INDABA conference, which started yesterday and will continue until Thursday. The forum, themed “Angola: Mining Potential and Business Opportunities for Investors,” kicked off with the signing of a memorandum
The diamond miner, De Beers, reported provisional rough diamond sales of $370 million in its initial sales cycle for the current year. Although this figure was lower than the $454 million recorded in the first sales cycle of 2023, it marked an improvement from the $137 million in sales documented in the tenth sales cycle of the same year. De Beers CEO Al Cook commented on the sales performance, stating, “Solid consumer demand for diamonds
