jueves, 5 de abril de 2018

De Beers, Botswana seek fresh expansion of world's richest diamond mine

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Africa News Digest
Friday 6 April 2018
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Debswana, the joint venture between De Beers and the Botswana's government, is seeking permission to deepen the Jwaneng mine to 830 meters.

CanRos' CEO says western Mali has potential for discovering large gold deposits.

Ramp-up of operations at the Sissingué gold mine was completed ahead of schedule.

South African engineering and construction group, currently subject of a takeover bid from Germany's ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

BMI presents the recent changes to the DRC's mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners' interest in venturing in the country.

They want to operate under conditions that allow them to take better care of the environment and contribute to the local economy.

Mugabe was touring the farm when she ran into the miners.

"Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.

At year-end, the company had net cash of more than $700 million and no debt.

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Companies are teaming up to develop one of the country's newest gold mine, the Asanko Gold Mine (AGM).

The company said its founder and chairman emeritus, Peter Munk, passed away Wednesday in Toronto, surrounded by his family.

South Africa's top gold producer has secured a 38% stake in DRDGold in exchange for some of its assets, which boosts the mid-tier gold miner's reserves by 91% to 5.7 million ounces.

Zambia Revenue Authority claims the company owes $2.1 billion in penalties and $5.7 billion in interest.

Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine

DRC's resolve to overhaul mining code shouldn't have surprised the industry – Kinshasa's become too important to global supply for companies to pull sticks.

Glencore CEO flags China-Congo-cobalt nexus, responsible for 80% of global cobalt chemical production, a crucial ingredient of electric vehicle batteries.

Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa's mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.

The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.

The mpowerment laws now limit majority ownership by state miners only to the diamond and platinum sectors, as oppose to the entire mining sector.

January profits for the Sukari gold mine are making headlines in the country.

The companies have just resigned from the Congolese Chamber of Commerce.

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.

An Och-Ziff unit is due to be sentenced after it pleaded guilty to participating in a bribery conspiracy to help acquire mining assets.

Move aims at boosting investment and local ownership of the country's vast mineral resources.

Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.

The government says mining commitments reached as much as $6 billion since Mnangagwa's appointment.

Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt… At least that's the legend in Kolwezi.

In partnership with the Wits Mining Institute (WMI) at the University of the Witwatersrand, the company launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).

New output from Congo means the supply of cobalt could exceed demand for a few years, as it did narrowly in 2017.

Debswana expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods.

Kinross Gold to pay $950,000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials.

Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt.

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.

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