News

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 …

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 …

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 …

Kagem Mining has successful sold high quality emeralds at its auction in Lusaka last week to a local family. Jewel of Africa, the local jewellery manufacturer and retailer successfully bid for a parcel of gemstones for an undisclosed price during the 26th auction, since Kagem began a formal auction process …

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 …

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 …

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 …