Compliance with ICC order 'in DRC's best interest' – FQM CEO

TSX- and LSE-listed First Quantum president Clive Newall said this week it would be in the Democratic Republic of Congo’s (DRC’s) “best interests” to comply with the International Chamber of Commerce (ICC) orders regarding the disputed...

IDC asks SA government to assist in DRC Kolwezi saga

South Africa's State-owned Industrial Development Corporation (IDC) has asked the government to step in to protect the Democratic Republic of Congo (DRC) mine that was "expropriated" from copper-miner First Quantum last year - the IDC owned a 10%...

Resources pullback exacts R20bn-plus toll on IDC's capital base

The sharp pullback in mining and resources shares over the past year exacted a severe toll on the value of the Industrial Development Corporation's (IDC's) resources-heavy listed investment portfolio, which declined by a massive R20-billion in the...

Ridge Mining’s proposed SA smelter a ‘solid project’ – IDC

The independent platinum smelter that Aim-listed Ridge Mining was considering building in South Africa would be "a very solid project", its partner in the project, the Industrial Development Corporation (IDC) said on Thursday. IDC Resources...

State financier, miners to set up R64m loan scheme to assist small gold jewellers

South Africa's State-owed Industrial Development Corporation (IDC) will establish a R64-million loan scheme aimed at helping small gold jewellers in the country, in a joint venture with two major miners, it said on Thursday. The finance...

Demand for rough 200% greater than supply - South Africa's SDT

South Africa is the world's third-largest diamond producer, with an annual production of about 14,5-million carats. Yet, only some 5% of the country's diamond production was last year cut and polished in the country; the rest was...

Demand for rough 200% greater than supply, says South Africa’s new State Diamond Trader

The funding South Africa’s new State Diamond Trader (SDT) receives from the State-owned Industrial Development Corporation needs to be increased from R350-million a year to R1-billion annually, says SDT CEO Abbey Chikane. “Already,...

New diamond regulation head calls for ‘fearless aggression’ as he attacks Antwerp beneficiation thwarters

New South African Diamonds and Precious Metals Regulator head Steve Phiri has called for “fearless aggression” in Africa’s fight against global vested interests intent on thwarting local diamond beneficiation on what was still...

State Diamond Trader officially launched

The State Diamond Trader (SDT), which government formed to buy up to 10% of South Africa's diamond production to sell to local cutters and polishers, has until June this year to prove itself financially self sustainable, an official said at...

IDC injects R60m into start-up BEE Kalahari manganese project

State-owned financial institution Industrial Develop-ment Corporation signed an agreement with Kalahari Resources last week to inject R60-million into the start-up black economic-empowerment Kalahari manganese project in the Northern Cape.

IDC injects R60m into start-up BEE Kalahari manganese project

State-owned financial institution, the Industrial Development Corporation, announced on Tuesday that it had signed an agreement with Kalahari Resources to inject R60-million into the start-up black economic-empowerment Kalahari manganese project...