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Africa News Digest
Saturday 16 December 2017
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Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.

"The lower number of carats tendered and sold is attributable to a reduction in the volume of material being processed," the company revealed.

East Africa Metals submitted two mining licence applications for sites located in the Tigray National Regional State, Ethiopia.

Glencore's Toronto-listed Katanga Mining subsidiary set to produce nearly a third of world's cobalt, as prices of battery metal more than doubles.

With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.

The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.

Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.

The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.

The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.

Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Process could lead to a listing of the business on the Johannesburg stock exchange, it said.

The Minister of Mines said his decision will be in place until the border with Niger is physically demarcated. However, violence has increased in the area in past months.

It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.

Eritreans' case against Nevsun likely to proceed in Canada.

The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.

The South African miner is exchanging a number of gold-processing assets and tailings storage facilities for a 38% stake in DRDGOLD.

Jewellery posts growth of 3%, the first in four years.

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

The pigments were likely obtained as a byproduct of sulfurous ore smelting.

It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.

Australia, home to world's second-biggest cobalt reserves, is seeing rush of interest in projects from makers of the batteries used in electric vehicles.

Zambia's copper production is next year likely to increase further to reach 1 million tonnes, mines minister Christopher Yaluma said.

Sula Iron and Gold plans to change name to African Battery Metals, reflecting a shift in focus after buying controlling stake in cobalt license stake in DRC.

Concerns about the sourcing of Yantai’s metal have reduced interest in the LME’s cobalt contract, trading sources said.

Gold Fields Ltd.’s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the nation.

Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.

Friday, TAZARA resumed transportation of copper which had halted on Tuesday after unionised workers went on strike.

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