Diamond - Copperbelt Katanga Mining

DRC Generates Over $62.3 Million in Industrial Diamond Exploitation in 2022 1

The industrial exploitation of diamonds in the Democratic Republic of Congo generated revenues of around 62.3 million US dollars for the 2022 financial year. This is what emerges from the annual report (2022) of the Technical Unit of Coordination and Mining Planning (CTCPM). Compared to the year 2021 when the export of industrially mined diamonds by companies had generated revenue of around USD 52 million, there is an increase in revenue of more than USD 10 million between the two periods. During the 2022 financial year, the SACIM company carried… Read More Here

Gemfields Achieves Record Revenue in High-Quality Emerald Auction

June 5, 2023June 5, 2023 Constance

Gemfields, a renowned supplier of precious gemstones, has revealed the astounding results of its recent emerald auction, featuring a selection of higher-quality rough emeralds. From 15 May to 1 June 2023, this auction achieved unprecedented success, setting new records and surpassing all expectations. The auction’s most remarkable achievement is the total auction revenues, which reached an all-time high of US$43.7 million. This extraordinary figure stands as a monumental record, representing the highest revenue ever attained in any Kagem emerald auction. Demonstrating the immense demand, all 35 lots offered were sold,… Read More Here

Mining in DRC Diamond Mining Policy

DRC Minister of Finance questioned on “blocking” of the disbursement of credits allocated to the revival of MIBA

June 5, 2023June 5, 2023 arnbethnic

Deputy Éric Ngalula Ilunga tabled, this Monday, May 29 at the office of the National Assembly, an oral question with debate addressed to Nicolas Kazadi, Minister of Finance on the “blocking” of the disbursement of credits allocated in the 2021 finance laws , 2022 and 2023 for the revival of the activities of the Minière de Bakwanga (MIBA). For this elected official, the revival of this company was also a campaign promise of the candidate President Félix Tshisekedi. It is inconceivable that the UDPS in power, this company is still languishing,… Read More Here

Mining in DRC Diamond

DRC Diamond Exports Reach $145.9M by End of 2022.

May 29, 2023May 29, 2023 Constance

Diamond exports from the Democratic Republic of Congo (DRC) generated more than $145.9 million throughout 2022. This is shown by the statistical data published by the Ministry of Mines. According to this 2022 annual report, diamond exports to the Democratic Republic of Congo amounted to 11,683,439.31 million carats. The same source informs that diamond production in the Democratic Republic of Congo remained dominated, during the period under analysis, by artisanal production with more than 7,353,996.44 million carats, generating a total amount of 83.7 million USD. Artisanal diamond mining exports by… Read More Here

Artisanal mining Diamond Mining in DRC

Six killed in illegal Diamond mine collapse in DRC

May 7, 2023May 7, 2023 Constance

Six people died in a diamond mine collapse in the Democratic Republic of Congo over the weekend, according to officials on Sunday 7th May. The incident occurred on Friday5th May in the Diboko area of central Kasai province. The victims were “unauthorized diggers who entered an area where mining is forbidden”, said Gaston Nkole, the province’s vice-governor. Despite the ban on mining for safety reasons, informal miners have continued to come to the site at night in search of diamonds. The vice-governor confirmed on Saturday 6th May night that the… Read More Here

Diamond Mining in DRC

DRC Minister of Mines opens the work of the 40th World Diamond Congress in Tel Aviv

March 30, 2023March 30, 2023 Constance

The Congolese Minister of Mines, Antoinette N’Samba Kalambayi, gave the go to the activities of the 40th World Diamond Congress in Israel whose exchanges began on March 28 in Tel Aviv, Israel. The Israel Diamond Exchange conference room of the Tel Aviv Diamond Exchange served as the setting for the organization of this ceremony. Antoinette N’samba Kalambayi, Minister of Mines of the Democratic Republic of Congo (DRC) therefore had the honor of launching these activities in the presence of the President and Vice-President of the Israel Diamond Bourse. A few… Read More Here

Diamond Exploration International

36 Diamonds Recovered at Lulo kimberlite L164 and kimberlite L056 samples

February 19, 2023February 19, 2023 Constance

Lucapa Diamond Company and its project Lulo partners, Endiama and Rosas & Petalas, have recovered 23 diamonds from a second sample from kimberlite L164 and 13 diamonds from kimberlite L056. Lulo kimberlite bulk sample KBS/164/02, totalling 365 m3 of kimberlite material was processed through the Lulo Kimberlite Bulk Sample Plant, yielding 16.32 carats at a recovered grade of 4.47 cphm3, with the largest diamond recovered weighing 2.38 carats. This is the highest grade yet recovered from a Lulo kimberlite bulk sample and is very encouraging for an early stage, small sample.… Read More Here

Diamond Mining in DRC

DRC Exported 11.6M carats of Diamonds Worth $145.9M in 2022.

February 14, 2023February 14, 2023 Constance

The Democratic Republic of Congo (DRC) exported more than 11.6 million carats of diamonds during the year 2022, informs a report from the Ministry of Mines. These exports generated a total amount of 145.9 million US dollars, the same source indicates. Total production in 2022 is 10.255 million carats. Compared to that of the year 2021 which was 12.973 million carats, there is a drop of 2.717 million carats, or 20.94%. Diamond production in the Democratic Republic of Congo (DRC) remains dominated by the artisanal sector with a production of around… Read More Here

Diamond International

Botswana and De Beers clash over Diamond profits and demand for larger share

February 13, 2023February 13, 2023 Constance

President Masisi of Botswana warned to end the relationship with South African diamond company, De Beers, if the ongoing sales agreement negotiations do not favor the country. The 2011 sales agreement governing the terms of marketing diamonds produced by Debswana – a 50-50 joint venture between the government and De Beers – expired in 2021. It has been extended by the parties, who cited the coronavirus outbreak as the reason for the delay in concluding negotiations, and will end on June 30, 2023. Speaking at a rally of his ruling… Read More Here

Mining in DRC Diamond

UAE and Belgium Imported 96% of Diamonds from DRC in 2022

February 12, 2023February 12, 2023 Constance

During the year 2022, the Democratic Republic of Congo exported 11 million 683 439 carats of diamonds for an estimated value of 145 million 992 914 USD, inform the statistics of the Ministry of Mines. At the forefront of the recipients of the diamond produced in the DRC is the United Arab Emirates in terms of quantity. This country imported in 2022 5 million 846 263 carats of diamonds from the DRC for a value of 67.9 million USD. The second largest importer of Congolese diamonds is Belgium with 5 million… Read More Here