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The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …
Read More »Zanzibar Gold expands footprint in Tanzania
Zanzibar Gold has announced plans to acquire Mkuvia gold property, in the Nachengwea area of southern Tanzania, as well as the Fakawi gold property, in the Handeni area of north-central Tanzania. The potential for low-cost extraction of placer gold from part of an extensive gold-bearing placer alluvium at Mkuvia will …
Read More »Burkina Faso’s gold project well timed
The Sanbrado Gold project being constructed by the West African Resources in Burkina Faso is said to be moving on schedule. West African Resources alluded that the Sanbrado project under construction is on target and is within the allocated budget. The developer further announced that this project is set for …
Read More »MoU signed for Iron ore channel in Liberia
A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …
Read More »Regulatory conditions completed by Barrick JV
The recent joint venture between Barrick Gold and Newmont Goldcorp in Nevada has been announced and that all regulatory conditions required for its completion have been completed. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018, more than three times the …
Read More »Burkina Faso benefits from Nordgold
Accorded as one of the country’s largest gold producer and a major economic contributor and especially to local communities, Nordgold has expanded its investment in Burkina Faso. Nordgold currently runs three mines in the country of which over 360 thousand ounces of gold is produced all together or approximately 40 …
Read More »Angola’s diamond industry makeover underway
The Angolan government aired out plans of refurbishing the diamond sector as being in progress. Speaking at a conference on the re-organising of oil and gas, Diamantino Azevedo Angolan Minister of Mineral Resources and Oil stated that the diamond sector will undergo similar changes to the oil sector. With the …
Read More »THIESS WINS $1.7B CONTRACT IN BOTSWANA
CIMIC Group’s global mining services provider, Thiess, through Majwe Mining Joint Venture (Majwe), has secured a A$1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project in Botswana. Majwe, a joint venture between Thiess (70 per cent) and long-term local partner Bothakga Burrow Botswana (30 per cent), will …
Read More »Rank rises for Wits School of Mining Engineering
The University Of Witwatersrand School Of Mining Engineering has again scooped a better position in the QS World University Rankings to 13th place in 2019. The latest achievement allows it to retain its position as the highest ranked school at Wits University as it is also the only mining school …
Read More »Mantashe, Dixon attends PDAC
Gwede Mantashe, Minister of Mineral Resources of the Republic of South Africa and Frank Dixon Mugyenyi, Head of Minerals Unit at African Union Commission are expected to promote Africa at the annual Prospectors and Developers Association of Canada (PDAC) is a global premier event for the minerals and mining industry …
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