Angola eases controls over diamond sector, to double output in four years

Having trouble viewing this email?  View online Africa News Digest Friday 8 June 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Angola eases controls over diamond sector, to double output in four years President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue. read » Impala Platinum gives Zimbabwe almost half of its mining land The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government. read » Botswana Diamonds grabs rights for 'high potential' S. African prospect Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production. read » B2Gold opens major new solar farm at its Namibia mine The plant is expected to improve B2Gold's economic returns, reduce impacts on the environment and become a potential funding source for community development. read » Cobalt thrifting in EV batteries won't dent price any time soon Even best-case, mass early roll-out of new cobalt-light batteries won't solve cobalt supply issues says new report. read » Cobalt price: Congo production surges Top supplier of battery raw material ups output 34% year on year. read » Emeralds and rubies producer Fura Gems changes look The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers. read » Here's what miners are getting wrong when it comes to digital transformation While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows. read » World's largest diamond miner De Beers to sell synthetic stones After vowing for over a century it would never sell stones made in laboratories, De Beers will start doing so in September. read » Hedge funds have never been this bearish on platinum price Large scale speculators in platinum futures go shortest ever as Europe industrial policy chief says "diesel cars are finished". read » Report: Mining needs $100–$150 billion to meet EV demand McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration. read » Sibanye-Stillwater accuses union of following 'agenda' to harm reputation The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week. read » Congo mining regulations to be signed into law on Friday — mines minister Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended. read » South Africa's Harmony raises $82 mln via share sale The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday. read » South Africa's economy contracts most in nine years on mines The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020. read » South Africa's Harmony Gold says to sell up to $99 mln of new shares The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine. read » Zimbabwe removes requirement for foreign mines to list locally Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms. read » Congo court rejects Glencore bid to move copper dissolution case The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation. read » Online auction sees Botswana gem mine sold for $8.1m The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons. read » Tharisa may join $4.2bn Zimbabwe platinum project Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine. read » South Africa's Sibanye explores debt-cutting options Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December. read » Ghana gold miners say welcome new government export tests Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports. read » Miners threaten Congo with legal action over mining code Regulations to implement the new code are due to be signed into law next week. read » Gold Fields to set aside acquisitions, sees industry costs rising — CEO The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday. read » Ivorian miner seeks $375m bauxite venture with Sumitomo Neighboring Guinea is now China's largest supplier of bauxite after overtaking Australia in 2017. read » Miners warn Congo it faces $3bn revenue loss over new law The mining companies insist the government reinsert a stability clause, present in the former code. read » Militia kills five in attack on Banro Corp's east Congo gold mine Fighting between the Congolese army and a local militia in eastern DRC forced Banro to suspend operations at the Namoya gold mine for a month in mid-2017. read » Electric vehicles seen driving cobalt crunch by mid-2020s Demand for electric vehicles, using cobalt in batteries, could spark a deficit of cobalt as soon as 2022. read » Agarwal wants to build Indian commodity giant to rival majors Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K. read » Mining capital projects: Are you ready for the next CapEx investment cycle? With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment. read » Petra Diamonds says it urgently needs to raise $178m to cut debt Petra has been hit by production delays, strikes, a confiscated consignment of diamonds and a strong South African rand. read » World's No. 1 diamond jewellery retailer joins De Beers tracking pilot Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr. read » South Africa scraps plan for mining community development levy Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency. read » ArcelorMittal South Africa to sell stake in Macsteel, shares rise ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner MacHold. read » Guinea retains mining minister in cabinet reshuffle Guinea's President Alpha Conde appointed a new 33-member cabinet in which Abdoulaye Magassouba was retained as mines and geology minister. 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. 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