Diamond - Copperbelt Katanga Mining

Botswana Diamonds grabs control of Thorny River

September 30, 2021September 30, 2021 admin

Botswana Diamonds) said on Wednesday it had exercised pre-emptive right to acquire the outstanding third-party interests in its South African unit and parts of the Thorny River project, which gives the company control of the asset. The company will issue 56.99 million shares, valued at about £627,000 (about $844,000), as purchase consideration for the third-party interests in Vutomi Mining, its South African associate that holds the mineral rights for Thorny, and Razorbill Properties 12. “We are very positive on the production opportunities for the Thorny River properties owned by Vutomi,” chairperson John Teeling said in the statement. “An outside company made an offer for Vutomi. Rather than accept the offer, we… Read More Here

Mining in DRC Diamond

DRC: Diamond exports fell from 229 million USD in 2016 to 113 million USD in 2020, a drop of more than 50%

September 28, 2021September 28, 2021 admin

The diamond industry has experienced a halving of revenues over the past five years in terms of exports. The Democratic Republic of the Congo experiences a decline in both diamond production and exports between 2016 and 2020. Data provided by the Ministry of Mines indicates that income from diamond exports has halved over the past five years, falling from 14 million 746 354.23 carats exported to a value of 229 million USD 299,054.88 during the last five years. year 2016 at a volume of 12 million 214,439.11 carats exported in… Read More Here

Diamond Mining Companies

DRC: the Sino-Congolese contract executed at 27.4% on the infrastructure and 77% on the mining investment component

September 27, 2021September 27, 2021 admin

The Minister of State, Minister of Infrastructures and Public Works, Mr Gisaro, made, during the Council of Ministers of September 24, the state of play of the technical and financial execution of the infrastructure projects selected within the framework of the Sino-Congolese program. It emerges that out of a planned financing of 3 billion USD, the amount invested by the Chinese side amounts to 825 million USD (interest not included). This shows an execution rate of 27.5% of this second part of the Sino-Congolese contract. This amount has been allocated to… Read More Here

Diamond International Mining in DRC

The United Arab Emirates remains the first destination for Congolese diamonds

September 22, 2021September 22, 2021 admin

In the first half of 2021, the Democratic Republic of the Congo exported 4,185,007.35 carats to the United Arab Emirates for a value of 39 million USD 14,956.93. Which makes the United Arab Emirates the number one destination for Congolese diamonds, according to data from the Ministry of Mines. The second destination for Congolese diamonds is Belgium with 1,795,323.33 carats imported by this country for a value of 23 million 1,948.00 USD. The other export destinations for Congolese diamonds are India with 381,547.58 carats imported for a value of 3 million… Read More Here

Diamond Mining in DRC

The DRC exported in the first half of 2021 a volume of 6.3 million carats of diamonds for a value of 65 million USD

September 22, 2021September 22, 2021 admin

In the first half of 2021, the Democratic Republic of the Congo exported a total of 6,371,729.27 carats of diamonds (artisanal and industrial) for a total value of 65 million 477,876.68 USD, according to data from the Ministry of Mines. In more detail, it is 4,501,085.38 carats of artisanal diamonds that were exported in the first half of 2021 for a value of 38 million 565,999.00 USD. As for industrial diamond exports, they were of the order of 1,870,643.89 carats for a value of 26 million 911,877.68 USD. The United… Read More Here

Diamond New Mining Projects

Botswana Diamonds looks at potential for open cast mining

September 21, 2021September 21, 2021 admin

Botswana Diamonds has successfully completed its nine hole drilling programme on the Thorny River property in South Africa.The objective was to see if two kimberlite blows (the River and River Extension blows were one contiguous orebody, thus increasing the overall resource and improving the commercial prospects of the project. Nine percussion holes totalling 483 metres, were drilled. One hole intersected 19.1 metres of kimberlite zone, which is encouragingly the biggest thickness found in all three drilling programmes to date. Another hole intersected a thickness of 13.5m of kimberlite zone. These… Read More Here

Mining in DRC Diamond New Mining Projects

DRC: MIBA signs memorandum of understanding with Russian firm Alrosa for diamond exploration and production

September 10, 2021September 10, 2021 admin

The Bakwanga Mining Company (MIBA) signs a memorandum of understanding with Russian diamond giant Alrosa with the aim of increasing commercial, technological, scientific and technical cooperation between the two parties. Concretely, the agreement will allow Alrosa in particular to participate in the exploration and production of diamonds in the DRC, in compliance with responsible sourcing standards in this area. This cooperation could result in the formation of a joint venture between the two companies and an investment by Alrosa in the Central African country, a prospect which is already delighting the… Read More Here

Diamond International

Lucara board approves $514m Karowe mine expansion

September 10, 2021September 10, 2021 admin

Canada’s Lucara Diamond (TSX: LUC) has announced its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based miner said the approval follows the financial closure and satisfaction of all conditions precedent to a $220-million debt package, announced in July. Lucara said the first $170 million would be available in mid-September, adding that total costs will be largely covered via a combination of loans, cash resources and equity financing. MOVING KAROWE UNDERGROUND WILL ALLOW LUCARA TO EXPLOIT THE HIGHEST VALUE PART OF THE OREBODY AND EXTEND THE MINE’S LIFE FOR 20 YEARS — UNTIL 2040 Moving Karowe underground, a plan announced… Read More Here

Diamond International Mining in DRC

Angola to over take DRC for a 4th place in global diamond production

September 8, 2021September 8, 2021 admin

Global production of rough diamonds is expected to recover 1.4% to 112.99 million carats (Mct) in 2021, after registering an estimated decline of 19.4% to 111.4Mct in 2020, due to the COVID-19 pandemic, according to GlobalData. The leading data and analytics company notes that significant production recoveries are expected in Botswana (+ 37%), Canada (+ 16.6%) and Angola (+ 26.3%). Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Global production will only increase slightly due to the closure of the Argyle mine in Australia in November 2020, alongside moderate growth… Read More Here

Diamond New Mining Projects

Botswana Diamonds starts drilling at South African project

September 1, 2021September 1, 2021 admin

Aim- and BSE-listed diamond explorer Botswana Diamonds has started drilling at its Thorny River project, in South Africa. Eight reverse circulation drill holes are planned to drill in-between the recently discovered River and River Extension blows. The drilling programme is expected to take no more than two weeks. The River blow was discovered by the company in November 2020 and covered a modelled surface area of 80 m by 40 m. The River Extension blow, which is less than 100 m east of the River blow, was discovered by the company in… Read More Here