Winsome Resources has signed a binding agreement to secure an option to acquire the Renard diamond mine in Quebec from Stornoway Diamonds (Canada) and 11272420 Canada. The company opines that Renard can be repurposed to treat lithium bearing material. This move is expected to bolster the development of Winsome’s Adina Lithium Project and potentially other lithium deposits in the region. The acquisition includes an option for Winsome to take over the diamond mine’s processing facility
Domingos Kimba Baptista, the interim director general of Geoangol, emphasized the need for Angola to enhance the quality of borehole drilling services to meet the rising demands of internationally renowned mining companies entering the country. In his first interview since assuming the position, Baptista highlighted the challenges ahead for Geoangol. “With the arrival of global giants like Anglo American, Rio Tinto, and De Beers, our focus is on upgrading our operational procedures to match their
Catoca Mining Company, situated in the province of Lunda Sul, has recently acquired nine suction pumps equipped with an advanced automation system from South Africa. These pumps boast a pumping capacity of up to 800 cubic meters per hour, aimed at improving the flow and suction of submerged water within the mine. According to José Jorge Chingango, head of the Water Evacuation section, the acquisition of these pumps will ensure smoother operations. Initially, maintenance will
The Somiluana Mining Company, located in Lunda-Norte province, is set to inaugurate its new Sorting Plant (CRP) this month, with a capacity of 6 tons of cubic meters. Guilherme Raimundo, the deputy general director of the mining company, announced that this new facility could significantly boost diamond production at the secondary deposit by approximately 12,000 carats per month, leading to the creation of over 700 jobs. The inauguration ceremony marks the commencement of large-scale production
Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition’s candidate in a March election by a landslide, reflecting high hopes for change in the country of around 18-million. The audit is one of the first policy moves announced since the 44-year-old former tax inspector’s inauguration on Tuesday. “The
Nigeria has announced a significant policy shift concerning mining licenses, stating that new licenses will only be granted to companies that present plans for local mineral processing. This development aims to enhance the value extracted from Nigeria’s solid mineral deposits and aligns with the country’s efforts to boost its economy. According to a government spokesperson cited by Reuters, this change signifies a departure from Nigeria’s historical practice of exporting raw materials. It reflects a broader
The Ozango Minerais project, focusing on the exploration of rare earth minerals in Longonjo, Huambo, is advancing into the construction and equipment installation phase, with operations expected to commence in 2026. Tim George, head of an investor mission, made this announcement following a meeting with Huambo’s vice-governor for the Political, Economic, and Social sector, Angelino Elavoco. George stated that work on the mine, situated 64 kilometers from Huambo city, is scheduled to begin eight months
Tim George, the executive director of Pensana, has indicated that exploration of Huambo’s rare earths could commence as early as 2026. This timeline is contingent upon the completion of prospecting activities, which have been ongoing since 2015, and the initiation of infrastructure construction this year. During a meeting with Angelino Elavoco, Vice-Governor of Huambo, Tim George outlined plans that could generate approximately 1,090 direct jobs. These positions include 650 jobs during the infrastructure construction phase
Mining companies operating in Lunda-Norte province have been urged to establish tax domiciles in the region, with only 36 out of 41 companies having completed the transfer to the Chitato Tax Office. This directive was revealed by the National Diamond Company (Endiama) website. At a meeting convened by Governor Deolinda Vilarinho, stakeholders discussed the need for increased attention to social responsibility actions by mining companies to mitigate environmental damage and uplift local communities. Concerns were
A recent study by Deloitte, titled “Tracking the Trends 2024,” highlights ten key trends that are expected to influence the performance of the mining and metals sector over the next 12 to 18 months. The report emphasizes the importance of negotiating for growth while focusing on the future, indicating that mining companies need to prioritize purpose, social dynamics, and effective management to thrive in uncertain times. Francisco Correia, a partner at Deloitte, praised the development
