The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.
Africa Mining News
At Electra Mining Africa 2018, Kal Tire’s Mining Tire Group demonstrates its strengths and ingenuity for servicing both underground and open cast mine operations
The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
The rock weighed 327 carats and it is a top white gem diamond.
Guinea is Africa's top bauxite producer and output more than doubled last year to about 50 million tonnes.
ERAMET said the offer would enable the full consolidation of the TiZir joint venture.
Moroccan King Mohammed VI will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund.
The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.
Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.
South African miner reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.
Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.
Namibia may scrap requirements for black ownership in mining as it seeks to woo investors to an industry that is rebounding with the commodities cycle.
The appeal will add a layer of uncertainty to a sector battered for years by depressed prices, soaring costs and opaque policies.
Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.
The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.
Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.
High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.
Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
The company is negotiating the possibility of buying the government’s 16 per cent stake in the Blanket project.
The state-owned utility is seeking coal for seven of its plants that are facing shortages after supply disruptions from Gupta family-controlled mines.
The illegal miners at Smithfield last month told Grace that she no longer had any power to evict them.