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Botswana's Debswana expects to increase diamond output by 38% in 2021 1 Diamond 

Botswana’s Debswana expects to increase diamond output by 38% in 2021

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Diamond producer Debswana aims to increase output by 38% this year to pre-pandemic levels of 23-million carats, a company official said on Friday, as the global diamond market recovers with the easing of travel restrictions and jewellers reopen. Jointly owned by Anglo American unit De Beers and the Botswana government, Debswana cut production by 29% to 16.6-million carats in 2020 as the Covid-19 pandemic hurt demand and global travel restrictions affected trading. Debswana produces almost all of the southern African nation’s diamonds. Botswana closed its borders for eight months last… Read More Here
Africa: Continent's Confirmed Covid-19 Cases Near Four Million 2 Covid-19 

Africa: Continent’s Confirmed Covid-19 Cases Near Four Million

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As of February 26, confirmed cases of Covid-19 from 55 African countries reached 3,868,959. Reported deaths in Africa reached 102,825 and 3,434,842 people have recovered. South Africa has the most reported cases – 1,509,124  – and 49,667  people died. Other most-affected countries are Morocco ( 482,514 ), Tunisia ( 231,298 ), Egypt ( 180,640 ), Ethiopia ( 156,112 ), and Nigeria ( 154,476 ). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University ( world map ) using statistics from the World Health Organization and… Read More Here
Kinshasa to host the first International Industry and Technological Innovation Exhibition in May (Julien Paluku) - DRC 3 Events & Expos Mining in DRC 

Kinshasa to host the first International Industry and Technological Innovation Exhibition in May (Julien Paluku) – DRC

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The city of Kinshasa will host in May, the first International Trade Fair for Industry and Technological Innovation. More than 5,000 people are expected for 3 days around the industrial sector and will address several other themes.  The announcement was made Wednesday by the Minister of Industry, Julien Paluku, during a press conference. The major goal of these meetings is to improve the image of the country through the many industrial opportunities offered by this first international exhibition. For Julien Paluku, of course the Government has resigned but in the name… Read More Here
Korean company Solar City discusses projects that can support the development of the mining sector in DRC 4 Diamond 

Korean company Solar City discusses projects that can support the development of the mining sector in DRC

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The outgoing Minister of Mines Willy KITOBO SAMSONI discussed this Tuesday, February 23, 2021 with a Korean delegation from the company Solar City led by its CEO. On the menu of this interview, the investment projects in Congo proposed by the Solar City Company and see how these projects can directly and indirectly support the development of the DRC mining sector. According to his cabinet which announced it, it is about: – the production of solar energy plants; – expansion of road and rail infrastructure to facilitate the movement of the… Read More Here
The American NGO "The Sentry" calls on the DRC government to harmonize taxes on Gold exports 5 Mining in DRC Gold 

The American NGO “The Sentry” calls on the DRC government to harmonize taxes on Gold exports

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The American NGO “The Sentry” has just addressed, during this month of February, a plea to African countries in particular to the Democratic Republic of Congo (DRC), relating to the harmonization of taxes on the export of Gold, in order to fight against the smuggling of these minerals from conflict zones. The recommendations formulated by this NGO are part of the fight against the trafficking of gold from the countries of Central and East Africa, to the Middle East, Europe and the USA, which expose electronics, jewelry, automotive and financial… Read More Here
Copperbelt mineral exports dry up after hike in cross-border tolls 6 Mining in DRC Cobalt Copper Mining in Zambia 

Copperbelt mineral exports dry up after hike in cross-border tolls

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Several haulage companies have stopped exporting minerals mined in the DRC and are restricting themselves to transport operations within the country, claiming that tolls imposed when crossing into Zambia are prohibitively high. Motorists driving from Johannesburg to Durban will pay R272 each way, when the new toll fees come into effect. Those using the N1 from Johannesburg to Cape Town will spend R197 at the four toll gates, while motorists travelling from Pretoria to Polokwane will pay R184 at the four toll gates. Sanral allocates money to provinces and municipalities… Read More Here
AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC 7 Mining in DRC Lithium Tin 

AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC

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AVZ Minerals Ltd has announced it has awarded a 12-week Front End Engineering and Design (FEED) contract to Melbourne-based engineering company, Mincore Pty Ltd for its Manono lithium and tin project in DRC. Key deliverables of the FEED study include: confirm the process flowsheet, confirm all bulk material quantities to verify pricing, confirm selected equipment pricing, finalisation of the execution schedule and provide “Issued for Construction” early works drawings. The Manono project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining… Read More Here
Kagem to Reopen Principal Operations 8 Emeralds Mining in Zambia New Mining Projects 

Kagem to Reopen Principal Operations

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Having faced a significant detrimental impact stemming from the pandemic over the past year, Kagem Mining will reopen principal operations at its Lufwanyama emerald mine in a phased manner, beginning in the second week of March 2021. The reopening process will commence with the wash plant production area followed by the mining operations and is expected to complete by the second week of April 2021. This follows a suspension of all but critical operations since 30 March 2020, during which time Kagem employees (excluding those on critical operations) were placed… Read More Here
Anglo American ended 2020 stronger than expected 9 Mining Companies 

Anglo American ended 2020 stronger than expected

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Anglo American (LON: AAL) became on Thursday the latest major miner to announce better than expected earnings in its full year results, as a broad-range commodity rally helped the miner balance out another difficult year for its diamond business and a fall in coal profits. In the first half of 2020, Anglo’s underlying earnings before interest, tax, depreciation and amortization (EBITDA) fell about 40% to $3.4 billion. Weak sales at De Beers, lockdowns that hit production in South Africa and operational setbacks in platinum and coal were the main issues that… Read More Here
De Beers hikes diamond prices again as revival keeps going 10 Diamond 

De Beers hikes diamond prices again as revival keeps going

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De Beers lifted diamond prices at its third consecutive sale as an industry wide recovery from the coronavirus pandemic gathers pace. The world’s biggest diamond producer raised prices by about 4% at its second sale of the year, according to people familiar with the situation who asked not to be identified because the information is private. A spokesman for De Beers declined to comment. Diamond prices are rebounding after the pandemic brought the industry to an almost complete standstill in the first half of last year. Strong holiday sales in… Read More Here

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