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Diamonds Local News

Govt Warns Against Illegal Diamond Mining Amidst International Sales Concerns

25, March, 202425, March, 2024

The Angolan government has raised concerns about illegal diamond exploration, highlighting the potential risk it poses to the commercialization of Angolan diamonds in Europe and America. The need to criminalize “garimpeiros” (artisanal miners) has been emphasized to address this issue. Jânio Correia Vitor, the Secretary of State for Mineral Resources, stressed the international association of illegal diamond mining with human rights violations, warning of potential repercussions on diamond sales abroad. He emphasized the importance of

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Local Energy News

Saurimo Photovoltaic Plant Set to Power Thousands in Angola

25, March, 202425, March, 2024

The Secretary of State for Energy, Arlindo Carlos, announced that the Saurimo photovoltaic plant, located in Lunda-Sul, Angola, will commence operations later this month, providing a capacity of 26.13 megawatts of clean energy. Constructed on a sprawling 65-hectare site, the project is a collaboration between the South African company ‘Sun África’ and ‘MCA Angola’ and comes with a price tag of 38.839 million euros. It boasts a staggering array of 44,850 solar panels, poised to

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Diamonds Economy International

Botswana Expresses Concern Over G7 Diamond Sanctions

25, March, 202425, March, 2024

Botswana officials have voiced apprehension over the Group of Seven’s (G7) planned restrictions on Russian diamonds, warning of potential negative impacts on the country’s diamond trade and economic progress. Lefoko Moagi, Botswana’s minister of mineral resources, green technology, and energy security, emphasized that the proposed requirement to channel all diamonds through Antwerp for verification poses logistical challenges and could hinder Botswana’s beneficiation efforts. The government is advocating for verification processes to occur in producer countries

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Diamonds International News

Diamond Trade Groups Urge Reconsideration of Russian Diamond Ban

25, March, 202425, March, 2024

Several trade groups have come together to appeal to the Group of Seven (G7), urging them to reassess their plan to ban Russian diamonds, citing potential detrimental effects on the industry. The US Treasury’s Office of Foreign Assets Control (OFAC) confirmed earlier this month that sanctions on diamonds of 1 carat and above would commence on March 1. However, no guidance was provided on the implementation process or the necessary procedures for the trade. The

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Local Diamonds News

Sociedade Mineira de Catoca Announces Growth Plans and Social Initiatives

25, March, 202425, March, 2024

Sociedade Mineira de Catoca (SMC) has unveiled ambitious plans for diamond production and investment in 2024, aiming to recover approximately 6.9 million carats while investing $69.282 million. Porfírio Soares, a company representative, shared these insights during the presentation of the company’s 2023 activities. The investment focus for 2024 includes enhancing prospecting activities to increase reserves, upgrading equipment fleets, and improving treatment centers to optimize work quality and reduce downtime. Furthermore, SMC anticipates commercial success, projecting

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International Energy News Renewable Energy

Germany Backs Namibia’s Hyphen Green Hydrogen Project

25, March, 202425, March, 2024

Namibia’s groundbreaking Hyphen green hydrogen project received a significant boost last week as the German government extended its support. Enertrag, a joint venture between Hyphen Hydrogen Energy and Nicholas Holdings, is at the forefront of this venture. The German government has designated the Hyphen project as a strategic foreign project, making it eligible for targeted support, indicative of its global strategic importance. This initiative marks a crucial step towards establishing a large-scale green hydrogen industry

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Diamonds Economy Local News

Lucapa recovers Fifth-Largest Diamond Discovery at Lulo Mine

25, March, 202425, March, 2024

Lucapa announced Thursday the recovery of its recent diamond discovery, marking the fifth-largest find at the Lulo mine in its 12 years of operation. The miner retrieved the diamond from processing run-of-mine stockpiled ore already on site. This discovery also marks the third diamond weighing over 100 carats found by Lucapa this year alone. In the preceding month, the miner unearthed two type IIa stones, weighing 162.42 and 116.14 carats, respectively, on consecutive days. The

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Diamonds International

Debswana Prepares for Jwaneng Underground Project with Local Talent Development

23, March, 202423, March, 2024

Debswana, in preparation for its upcoming Jwaneng underground project in Botswana, has been actively nurturing local talent and enhancing skills development by enrolling graduate learners in various mining-related disciplines. Selected from a pool of candidates, 26 graduates are currently undergoing experiential learning at the Mopani Central training center in Zambia, a strategic move aimed at equipping them with the necessary skills and expertise for the challenges ahead. This initiative not only strengthens Debswana’s strategic partnerships

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International Oil Petroleum

Egypt raises fuel prices in alignment with economic reforms

23, March, 202423, March, 2024

Egypt has raised the prices of various fuel products, fulfilling a commitment made over a year ago to the International Monetary Fund (IMF) as part of a $3 billion financial assistance agreement. In a letter of intent signed in November 2022, Egypt pledged to permit the increase of most fuel prices to align domestic rates more closely with international energy market prices, Reuters reported. The country also pledged to compensate for the previous year’s slow

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International Energy News Renewable Energy

Botswana’s 𝗣𝗥𝗘𝗦𝗜𝗗𝗘𝗡𝗧 𝗞𝗜𝗖𝗞𝗦𝗧𝗔𝗥𝗧𝗦 𝗧𝗛𝗘 𝟭𝟬𝟬𝗠𝗪 𝗠𝗠𝗔𝗗𝗜𝗡𝗔𝗥𝗘 𝗦𝗢𝗟𝗔𝗥 𝗣𝗥𝗢𝗝𝗘𝗖𝗧

22, March, 202422, March, 2024

This morning President Masisi officiated at the ground breaking of 100 MW Mmadinare Solar Cluster , the first of its kind and scale in Botswana. The phase 1 of this project will generate 50 MW and will completed in January 2025 and the other 50 MW 6 months later , bringing a total of 100 MW by July 2025. The 100MW Mmadinare Solar is the first utility scale grid connected solar PV project and will

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