Zambian Mining News The Premium Source of Information on The Zambian Mining Industry

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 …