Diamond - Copperbelt Katanga Mining

Angola to launch diamond exchange in Luanda in 2021

November 5, 2020November 5, 2020 admin

The government of Angola said on Tuesday it has identified key steps it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the end of 2021. Mining and oil minister Diamantino Azevedo said its office is currently focused on setting up a gemological academy and a technological research centre within the same free-trade zone the Angolan Diamond Bourse (ADB) will be located, African Intelligence reported. Angola, the world’s fifth diamond producer by value and no.6 by volume, appointed in June Belgian expert Peter Meeus as… Read More Here

MP Éric Ngalula’s appeal for MIBA to take over its shares in the transformation of SACIM SARL into SA | DRC

November 1, 2020November 1, 2020 arnbethnic

National deputy Éric Ngalula seeks the involvement of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo, so that MIBA takes over its shares in the transformation of SACIM SARL into SA. He believes that doing so will translate fairness and justice for this mining company. He also criticizes the attitude of the authorities at the time, who were unable to protect the interests of the Bakuanga Mining (MIBA). “In 2010, at the time of the transformation of Sengamines into SACIM, those who were supposed to protect the interests of MIBA at… Read More Here

Mining in DRC Diamond

DRC produced 4.209 million carats of diamonds in the first 7 months of 2020

September 14, 2020September 14, 2020 arnbethnic

The diamond industry in the Democratic Republic of the Congo produced 4.209 million carats at the end of July 2020 against 7.170 million carats at the same period in 2019, a decrease of 41.3% recorded. In this 2020 production volume, there are 1.89 million carats of industrial diamonds and 2.318 million diamonds from artisanal miners. Over the whole of 2019, the DRC had produced 12.929 million carats of diamonds against 15.131 million carats in 2018. Read More Here

Diamond Artisanal mining Mining in DRC

Kasai provincial deputies plead for the opening of artisanal diamond mining zones

September 4, 2020September 4, 2020 arnbethnic

A group of provincial deputies from Kasai presented, Tuesday, September 2, a notebook containing several grievances, including the opening of artisanal diamond mining areas in this province in order to allow artisanal miners, commonly called diggers, to have spaces where they can exploit without constraints of the holders of mining squares. The provincial deputy, Diallo Meba Kalumba, who spoke on behalf of his colleagues, summed up DESKECO COM over the phone the content of their specifications. “We presented on behalf of the population the grievances related to their unhealthy treatment… Read More Here

Mining Careers Diamond

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September 1, 2020September 1, 2020 admin

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Mining in DRC Diamond

Félix Tshisekedi requests for urgency release of 5 million USD for relaunch of MIBA | DRC

August 23, 2020August 23, 2020 Arnie

The President of the Democratic Republic of Congo, Félix Tshisekedi, during his communication to the 45th meeting of the Council of Ministers on Friday, August 21, echoed the urgency to release 5 million USD to allow the relaunch of MIBA (Minière de Bakwanga), in the application of decisions taken at previous meetings. Also, the Head of State said he found that MIBA has never again benefited from the revenues of the Anhui-Congo Mining Investment Company (SACIM) which operates the Tshibwe diamond deposit, in the Miabi territory, within the framework of… Read More Here

Diamond

Gem recovers 442 ct of diamond in Lesotho

August 21, 2020August 23, 2020 admin

London-listed Gem Diamonds has recovered a high-quality 442 ct Type II diamond from its Letšeng mine, in Lesotho. CEO Clifford Elphick says the recovery of the 442 ct diamond “is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high-quality diamonds”. A portion of the proceeds from the sale of this diamond will be used to fund a special community project, as agreed with the miner’s partner − the government of Lesotho. About Letseng Diamond Mine The Letšeng diamond mine, found in the landlocked Southern… Read More Here

Diamond Mining in DRC

Mbuji-Mayi’s TRIPAIX takes under advisement the trial of MIBA experts

August 20, 2020August 20, 2020 arnbethnic

The Mbuji-Mayi peace court, sitting last weekend in a fairground at the central prison of Mbuji-Mayi, in the prosecution case against the accused Claude Mianzuila Disimba, former diamond expert of the MIBA company, has taken under advisement this file. He is accused of defamation by the wife of the former financial director of the outgoing management committee of this mining company. According to the ACP, this judicial body has exhausted all stages of the judicial process, in accordance with the Congolese penal code. The body of the law requested the… Read More Here

Gold Diamond Mining in DRC

The ounce of gold hits a record high of US $ 1,930.48 on Monday July 27

August 1, 2020August 2, 2020 arnbethnic

Several exchanges announce that an ounce of gold reached the bar of 1,930.48 USD on Monday July 27th on the market, thus beating the historic level of September 2011 when the yellow metal was trading at 1,921.18 USD. One ounce of gold corresponds to a weight of 31.103 g of gold. It takes precisely 32.15 ounces of gold to get one kilogram of gold. And so at a price of $ 1,930.48 per ounce of gold, 1 Kg of gold is going to be worth around $ 62,064. For many observers, gold remains… Read More Here

Diamond Exploration

Russia’s Alrosa kicks off diamond exploration in Zimbabwe

July 22, 2020July 22, 2020 arnbethnic

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output, has begun prospecting and preliminary exploration works for deposits in Zimbabwe through it’sjoint venture with the Zimbabwe Consolidated Diamond Company (ZCDC). The move is a welcome boost to the southern African nation’s attempts to expand diamond mining revenues. Zimbabwe first began allowing foreign companies to dig up precious stones in 2018, opening the door to private investors. Mines minister Winston Chitando said at the time that his office was considering letting foreigners hold majority stakes in local operations on the condition that… Read More Here