Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform — report

Having trouble viewing this email?  View online Africa News Digest Friday 7 December 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Zimbabwe's handling of diamond industry the ultimate test for Mnangagwa's reform — report President Emmerson Mnangagwa is making moves to end the country's international isolation and attract foreign investment to boost an economy in tatters, including allowing new private investment in the diamond fields. read » Losing licence to operate new and biggest threat to miners — EY Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years read » Lucapa kicks off commercial production at Mothae diamond mine The operation will add to the Perth-based company annual output, until now on depending on just one mine — Lulo, in Angola. read » Zimbabwe to let two new private miners dig for diamonds It may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries. read » DRDGOLD begins first phase of Far West tailings project The South African miner is kicking off this week its Far West gold recoveries project in Gauteng with the pumping of reclaimed tailings into the carbon-in-leach circuit, just four months into construction of the first phase. read » Management shake-up at Glencore costs copper chief Mistakidis his job Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role. read » Congo state miner blames foreign investors for underdevelopment Congo is Africa's biggest copper producer and the world's largest source of cobalt. read » UK explorer makes high-grade silver discovery in Ethiopia The discovery was made at the Daro project, located in the Tigray Regional State of northern Ethiopia. read » Acacia Mining ends earn-in deal with Sarama in Burkina Faso Acacia chose to divest of South Houndé as part of an ongoing review of its exploration portfolio, to focus on core projects. read » Rio Tinto sells stake in Rossing uranium mine to China The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC). read » DRC cobalt deposits not 'that old' By analyzing the age of known deposits, researchers get clues of where to find unexplored ones. read » Foraco's camp in Niger attacked by terrorists An unnamed source told Reuters that the assailants were believed to belong to Nigerian jihadist group Boko Haram. read » Sibanye shuts gold mines in South Africa as strike turns violent Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday. read » RioZim demands $92m from the Reserve Bank of Zimbabwe The Zimbabwean miner claims it has failed to receive $48m due in payments from the central bank for its sales in dollars, suffering losses of $44m due to lost production. read » S. Africa competition tribunal OKs Sibanye acquisition of Lonmin Deal would create the world's No.2 platinum producer. read » Perseus sees signs for life extension of its Ghana gold mine Drilling results from the Esuajah Gap deposit at its Edikan gold operation show a "significant" mineralized granite that could extend the life of the mine past the six years it has left. read » Botswana Diamonds buys Alrosa's stake in Sunland Minerals JV The company acquired the remaining 50% in the joint venture from its previous partner and said negotiations were already advanced with an unnamed potential new associate. read » Ivanhoe Mines shares jump as it finds new copper-rich area in Congo Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization. read » Lonmin workers ask South African tribunal to stop merger with Sibanye If approved, merger would create the world's No.2 platinum producer as Lonmin is the world's third-largest while Sibanye-Stillwater is the fourth. read » No. 2 platinum miner mulls purchases in low-cost asset shift Chief Executive Officer Nicolaas Muller said Implats could return to profit by around 2020 by shutting older shafts at its Rustenburg mining complex. read » Semafo reports third security incident in Burkina Faso Jihadist militants ramp up attacks against security forces. read » Congo triples levy on cobalt with strategic-minerals decree Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt read » S.Africa's main iron ore export rail link closed until Dec. 9 The Saldanha export line carries iron ore sourced mainly from Kumba mines from the Northern Cape province to the Saldanha port in the Western Cape. read » Anglo CEO says investor confidence returns to South Africa Anglo American mines platinum, coal, diamonds and iron ore in South Africa. read » Lonmin turns first profit in four years ahead of Sibanye takeover Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion. read » BMW joins project to improve conditions for cobalt mining in Congo Carmakers seeking to boost sales of electric cars are struggling to get their hands on cobalt, a scarce but vital component in the production of batteries. read » Congo plans to audit Glencore unit's cobalt over uranium levels Relations with Congolese authorities have grown increasingly strained in recent months as the government pushes for foreign investors to contribute more. read » Sudan allows local private sector firms to export gold The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency. read » M2 Cobalt advances exploration at Uganda mine The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine. read » Eurasian Resources secures electricity supply for Frontier copper mine in DRC Frontier mine is a cornerstone of ERG's copper business and is situated on the DRC-Zambia border. read » Sierra Leone president urges end to strike at Iluka's rutile mine The strike is the second in the past month at Sierra Rutile following a week-long stoppage in October that led Iluka to cut its output forecast of rutile. read » Nigeria awards mining exploration contract to 10 mining, consulting firms Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives. read » Read more Africa news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Africa News Digest". You mayunsubscribe at any time. The information contained in “Africa News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Africa News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.