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Category: Diamond

De Beers to Launch Diamond Exploration in Angola's Lunda Provinces 1 Diamond Corporate News Exploration International 

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

Constance
De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys and geological prospecting. “The multinational De Beers will begin drilling and exploration operations in Muconda… Read More Here
Lucapa 171 carat diamond Diamond Corporate News Mining in DRC 

SACIM Faces Crisis Amid Marketing Restrictions and Financial Strain

Constance
The 48th Ordinary Meeting of the Council of Ministers, held on Friday, June 20, 2025, in Kinshasa, reviewed a report from the Minister of Mines evaluating the operational, managerial, and social conditions of the Anhui Congo Mining Investment Company (SACIM). The report also outlined supervisory measures aimed at reviving the struggling diamond mining firm. SACIM, located in Miabi in the Kasai Oriental province, is facing a severe crisis threatening its viability, despite maintaining a monthly diamond production of approximately 250,000 carats. The company’s difficulties are largely attributed to outdated regulatory… Read More Here
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share 2 Diamond Corporate News Mining in DRC 

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Constance
Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining 9,543.63 carats—just 3%—were produced by Minière de Bakwanga (MIBA), highlighting the growing disparity between the… Read More Here
Botswana Experts Support MIBA Revival After Positive Site Assessment in Kasai Oriental 3 Mining in DRC Corporate News Diamond 

Botswana Experts Support MIBA Revival After Positive Site Assessment in Kasai Oriental

Constance
A team of experts from Botswana has completed a positive assessment of the Bakwanga Mining Company (MIBA) site in Kasai Oriental, paving the way for a structured support program aimed at reviving the struggling state-owned diamond company. “We welcomed the Botswanan delegation not as investors, but as technical partners tasked with evaluating our existing resources and helping us develop a recovery program for MIBA,” said Joëlle Kabena, Coordinator of the State Financial Project Management Unit for the Revival of MIBA (UGP-MIBA), following the evaluation meeting. Kabena noted that the team’s… Read More Here
DRC Grants SACIM Three-Month Sales Moratorium Amid Financial Crisis in Kasai 4 Mining in DRC Corporate News Diamond 

DRC Grants SACIM Three-Month Sales Moratorium Amid Financial Crisis in Kasai

Constance
Anhui Congo Mining Investment Company (SACIM), a diamond producer based in Kasai Oriental, has been granted a three-month moratorium allowing it to freely sell its production. The temporary measure is intended to help the company recover from prolonged financial hardship, including unpaid wages and heavy tax obligations. The announcement was made on Tuesday, May 20, in Tshibwe (Miabi territory) by Aristote Mutombo, the presidential envoy for Greater Kasai. He conveyed President Félix Tshisekedi’s decision to repeal Ministerial Order No. 00049/CAB.MIN/MINES/01/2022, issued by former Mines Minister Antoinette Samba Kalambay. The regulation… Read More Here
Belgium-DRC: Former colonial power Belgium retains diamond mining interests in the DRC 5 Diamond Mining in DRC 

Belgium-DRC: Former colonial power Belgium retains diamond mining interests in the DRC

admin
Former colonial power Belgium retains mining interests in the DRC, particularly in diamonds and critical metals. Brussels is now demonstrating its willingness to strengthen its ties with Kinshasa, amid growing geopolitical rivalries over Congolese minerals. Belgian Foreign Minister Maxime Prévot (pictured, right) indicated this week that the kingdom is willing to strengthen its relations with the DRC in the mining sector. While we await a response from Kinshasa and details of this additional commitment from Brussels, we take a look back at the existing ties between the former colonial power… Read More Here
African Diamond Producers Struggle as Global Prices Plunge 6 Diamond International 

African Diamond Producers Struggle as Global Prices Plunge

Constance
Several African economies are feeling the strain from a sharp decline in global diamond prices. According to multiple reliable sources, diamond prices have dropped by more than 25% since 2022, impacting major African producers such as Botswana, Namibia, and Angola. The main factor behind the prolonged fall in demand and prices is the growing popularity of synthetic diamonds, which are increasingly preferred for jewelry production. The Democratic Republic of Congo (DRC) has been less affected, as diamond mining plays a relatively minor role in an economy dominated by copper and… Read More Here
Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia 7 Mining in Zambia Copper Diamond Drilling New Mining Projects 

Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia

Constance
AIM-listed Tertiary Minerals has completed an initial scout drilling program at its Mukai copper project in Zambia, marking a significant step forward in early-stage exploration efforts. The program included three diamond drill holes totaling approximately 554 metres. The company reported that drilling intersected near-surface anomalous copper mineralisation, as well as thick intervals of anomalous nickel mineralisation. Two of the drill holes targeted a broad copper-in-soil anomaly, while the third focused on understanding the geology of the Tirosa Basin. Large parts of the copper and nickel soil anomalies, as well as… Read More Here
MIBA’s Diamond Ambitions Stall Amid Delays and Unreleased Funds 8 Corporate News Diamond Mining in DRC 

MIBA’s Diamond Ambitions Stall Amid Delays and Unreleased Funds

Constance
As of April 16, 2025, Société Minière de Bakwanga (MIBA), the DRC’s state-owned diamond company, has yet to resume operations. The company has not appeared in production reports since mid-2024, casting doubt on the ambitious targets set by Chairman Jean-Charles Okoto. In November 2024, Okoto declared plans to reach one million carats per month in 2025, aiming for an annual output of 12 million carats. This would mark a dramatic leap, given that the DRC produced 8.34 million carats in 2023—already a decline from 10.78 million in 2022. Appointed in… Read More Here
DRC Delegation Studies Botswana’s Diamond Success to Revive MIBA 9 Mining in DRC Diamond 

DRC Delegation Studies Botswana’s Diamond Success to Revive MIBA

Constance
Following President Félix Tshisekedi’s 2023 visit to Botswana, a Congolese delegation led by Joëlle Kabena, Coordinator of the State Financial Support Project Management Unit for the Revival of MIBA Activities (UGP-MIBA), visited Gaborone from March 17 to 22, 2025. The mission aimed to draw lessons from Botswana’s world-renowned success in the diamond sector to help relaunch the operations of MIBA, once a major economic engine in the Democratic Republic of Congo (DRC). The delegation included members of MIBA’s technical management, an expert from the Ministry of Finance, and a national… Read More Here

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