jueves, 3 de mayo de 2018

Lucapa finds yet another large diamond in Angola

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Africa News Digest
Friday 4 May 2018
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The 46-carat pink diamond is the largest coloured gem-quality stone ever recovered at the company's Lulo project.

Contact has been made with three of the workers trapped at the company's Masakhane gold mine.

The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .

Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.

The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.

The rock weighed 327 carats and it is a top white gem diamond.

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Project is located about 100 km south of Jwaneng, the world's richest diamond mine.

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.

Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

The company is negotiating the possibility of buying the government's 16 per cent stake in the Blanket project.

The world's top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond "toolkit" to digitally track their stones throughout the supply chain.

Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.

A planetary "embryo" gave origin to the meteorite fragments that form the Almahata Sitta collection.

Recovered from the Karowe Diamond Mine located in Botswana.

The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.

The miners say they won't leave unless president Emmerson Mnangagwa asks them to.

Sibanye-Stillwater's gold output at its South African mines had been hit by by safety and operational disruptions in the first quarter.

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

The Swiss miner was granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge's decision last week to freeze assets at its Kamoto Copper project.

Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.

Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed.

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

Guinea is Africa's top bauxite producer and output more than doubled last year to about 50 million tonnes.

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

Moroccan King Mohammed VI will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund.

The CNN team witnessed children working at the Musonoie river mine – washing and carrying cobalt ore in sacks – before being chased away by officials. CNN cameras even captured one mining ministry official slapping a child in the face once he realised he was being filmed.

At Electra Mining Africa 2018, Kal Tire's Mining Tire Group demonstrates its strengths and ingenuity for servicing both underground and open cast mine operations

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