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Topic

Mining Charter III sets tone for juniors’ revival

By: Mamaili Mamaila     24th May 2019 Following reflection on Mining Charter III, which is seen as a “positive game-changer” and a shift in the local political landscape, discussions at this year’s Junior Indaba will be tailored around ‘the revival of the junior’ and the prospects of achieving a thriving industry. The conference for... 

Exploration projects on the rise in Botswana

By: Khutso Maphatsoe     24th May 2019 Following the discovery of the second-largest diamond in Botswana since 2015, the country has received more attention, with investors wanting to invest more in mining projects in the region, says diamond exploration and project development company Botswana Diamonds MD James Campbell. Campbell... 

De Beers records lower sales amid macroeconomic uncertainty

By: Creamer Media Reporter      21st May 2019 The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday. Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018. 

Does it matter who owns our mines?

10th May 2019 “Capital goes where it is welcome and stays where it is well treated,” said former Citibank CEO, the late Walter Wriston more than 30 years ago. That sentiment remains even more relevant as global capital has become increasingly mobile. The extractive resources industry, even in Africa, is now... 

Sector focuses on cost, project control solutions

By: Thabi Madiba     10th May 2019 While the mining sector is mainly focused on old production methods, the economy has changed the market in terms of commodities, labour structure and technology. This has led to the sector being more sensitive to cost and expenditure, which has resulted in the focus on better financial or cost... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Mine versus lab: how green is your diamond?

By: Reuters     2nd May 2019 Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The US Federal Trade Commission, which investigates... 

As Canada's Lucara Diamond seeks new mines, tech fuels growth

By: Reuters     2nd May 2019 Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic... 

Diamond trading goes online as Lucara takes on industry goliaths  

By: Bloomberg     29th April 2019 he opaque diamond trade may be ripe for disruption. Lucara Diamond, which recently found the second-largest diamond in history in Botswana, is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions. The service allows Lucara... 

Anglo’s first-quarter copper output rises, while met coal production disappoints

By: Marleny Arnoldi     25th April 2019 Two planned longwall moves at Anglo American’s metallurgical coal operations made the biggest contribution to the company’s 6% decrease in overall production for the quarter ended March 31. CE Mark Cutifani said in a statement on Thursday that isolated production issues at the Venetia diamond... 

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