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Emerald miner Gemfields rakes in $31.5 million at Lusaka auction

Emerald miner Gemfields Plc said it sold a little over half a million carats of rough stones at its first high-quality emerald auction in Lusaka, Zambia, raking in $31.5 million. Gemfields, owner of the Fabergé luxury jewellery brand, said it realised an average price of $54 per carat, its highest …

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FQM projects increased copper production

FIRST Quantum Minerals Limited is expected to ramp up its copper production to 700,000 metric tonnes per annum by 2015 with the completion of Sentinel Mine and increase output arising from the expansions at Kansanshi mine. And First Quantum Mineral head of public relations Godfrey Msiska said once Kalumbila Mine …

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Botswana advised to turn focus to power generation not exports

JOHANNESBURG  – Given Botswana’s vast coal reserves, which were estimated at 200-billion tons, the country’s coal mining industry should seek to encourage investment and drive expansion in power generation, rather than ramping up its thermal coal exports over the next few years, research firm Frost & Sullivan mining, manufacturing and …

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