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At least $14.5 million has been realized at the seventh Kagem local auction of precious stones held in Lusaka last month, Gemfields, has announced. Chief Executive Officer Mr. Ian Harebottle said the stones auctioned were of lower quality rough emerald and Beryl from Kagem mine in Ndola rural. “”We’ve set …

Angola’s national diamond company Endiama this year plans to purchase gold to make jewellery from the Central African Republic, the Democratic Republic of the Congo, Niger and Mali, the company’s chairman said in Cape Town. Sumbula told a group of investors at the International Conference on Mining Investment in Africa …

Jindal Africa will remain active in Mozambique, despite the sharp drop in the price of coal on the international markets, the Chief Executive Officer of Jindal Africa Investments group said recently. The price of coal per ton has fallen from US$250 to a current average of US$100 and several mining …

The Mozambican energy sector received the largest amount of in investment in 2014 in projects through the Mozambique Investment Promotion Centre (CPI), attracting over US$3.238 billion for just five projects. The CPI data showed that the sector accounted for 45.6 percent of total investments approved by the government agency, which …

The Jesuit Centre for Theological Reflection says government lacks the fiscal discipline required to manage VAT refunds to mining companies and other exporters. Last Thursday, finance minister Alexander Chikwanda announced in Parliament that the government had realigned the provisions of VAT Rule 18 on proof of export requirements to ensure …