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 …

Technavio, global technology research and advisory company says the mining industry is expected to witness gradual growth during 2017 to 2021. The company attributes the development to increase in demand from minerals and metals, mostly from emerging economies. Researchers at Technavio believes that the untapped markets such as Latin America …

Government has stopped Konkola Copper Mines’ outsourcing intentions, until negotiations with the unions are concluded. Kampamba Mulenga, chief government’s spokesperson recently told media that government will only intervene in the matter when the two parties finalise their discussions. KCM intends to transfer 1,000 workers to contractors but Mulenga said moving …

Africa focused miner Lucara Diamond has sold the historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana in November 2015. Lucara Diamond said the piece has been sold for US$53 million (US$47,777 per carat) to Graff Diamonds. “We are thrilled and honoured to become the new …

More and more mines are seeing the benefits and the profitable returns of investing in condition monitoring, with a direct positive impact on productivity and machine availability, and reduced maintenance costs, enthuses condition monitoring specialist WearCheck. The company provides condition monitoring services in Central Africa through its two Zambian laboratories …

Toronto Stock Exchange listed Peregrine has sold its diamond interest in Botswana to UK’s Diamond Exploration Strategies (DES). The company announced that it has entered into an agreement to transfer all of the shares of Diamexstrat Botswana, a 100%-owned subsidiary of Peregrine engaged in diamond exploration and development in Botswana …

Zesco intends to end emergency power imports from Mozambique in the first quarter of next year, officials from the company have revealed. Webster Musonda, Zesco Director of Transmission said power generation had improved to meet the utility company’s requirements. “By and large we will be able to meet our own …

Konkola Copper Mines (KCM) and BetterWorld Energy Zambia have started rehabilitation of disused mine-land outside the Copperbelt town of Chingola. The project funded in partnership with donor agencies and other financial institutions, will see the planting of 400 000 of the trees over the next three years. The disused mine-land …

Chibuluma Mines’ continued focus to contain cost and improve operational efficiency has recharged the company to profit making. The company’s six month results to June 2017 also attribute positive operation to increase in copper prices. “The notable increase in the average selling price of copper over the period substantially assisted …

Government has announced intentions to issue two-year permits to small scale gold panners. The development comes, following the Ministry of Mines and Minerals Development’s (MMMD) plans to make legal the ancient method of gold mining. Willy Chilufya, Head of Mineral Economics at MMMD recently declared that issuing gold panning certificates …