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Peninsula divest interest in Karoo projects

Peninsula Energy Limited has decided to exit and sell its interests in the Karoo Projects in South Africa. According to the company (Karoo Projects) a divestment of 74% interest in the Karoo Projects through an active process over the remainder of the 2017 calendar year is on the cards. Peninsula …

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Euromoney overhaul Mining Indaba

Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018. The event’s new organisers – Euromoney said all stakeholders in the sector have been engaged, returning the event to a deal making forum. Alex Grose, Managing Director for Mining Indaba said new …

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Kagem pioneer emeralds traceability tech

Kagem has pioneered high-tech tagging system to tag and trace emeralds Commissioned during the Lusaka Auction, nanotechnology system invented by Swiss gemstone testing laboratory Gübelin Gem Lab is set to revolutionise the gemstone industry. The breakthrough technology uses customised synthetic DNA-based nano-particles that are infused by gentle rocking into the …

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Kariba South extension on track

International engineering company Hatch developing the Kariba South Extension Project on the Zambezi River has revealed that the project is 85% complete. Hatch said the massive project is on track for completion in March 2018. The flagship infrastructure project was initiated by the Zimbabwe Power Company (ZPC) due to an …

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Continent’s association of mines on the cards

Chamber of Mines South Africa has applauded the increasing collaboration between the mining bodies from Southern Africa. Roger Baxter, Chief Executive Officer of Chamber of Mines said the growing alliance will soon champion the formation of the Association of Chambers of Mines in Africa. The Association is envisaged to be …

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Mining, agriculture spur economic growth

Positives economic activities are expected to spur the country’s economic growth, according to finance minister Felix Mutati’s 2018 budget forecast. Mutati said continued rebound is expected to push economic growth to above 4.0 percent for the year 2017, above 3.8 recorded in the previous year. The minister said the key …

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Firestone diamond sale hits US$69/ct average

AIM-quoted diamond outfit, Firestone Diamonds’ latest diamond sale sold 195,330 carats for US$13.5 million. Firestone’s July and September 2017 diamond sale included the company’s second US$1 million stone, achieving an average value of US$69/ct. According to the company, the average realised value per carat represents the continued lower than expected …

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