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Angola to hold first diamond auction in January, Sodiam says
Published: 10 Dec 18
Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said. Seven gemstones from the Lulo mine, located in the northeast, will come under the hammer, Sodiam said in an emailed statement Monday. They include a 114 ct stone and a pink, 46 ct gem. Several international buyers will be invited to the sale, which will be held at the company’s headquarters in the capital, Luanda. Sodiam didn’t give a date for the auction.
MOD anticipates promising copper mineralisation from T23 Dome in Botswana
Published: 10 Dec 18
ASX-listed MOD Resources has announced additional results from widely spaced drilling at the T23 Dome, of the company’s exploration joint venture project with Aim-listed Metal Tiger, in Botswana. The third drill hole at T23 has intersected zones of visible, finely disseminated copper sulphides within a wide interval from about 85 m to 385 m down hole depth.
Kibo secures exclusive option to buy three peaking power sites in the UK
Published: 10 Dec 18
Kibo Energy’s 60%-owned UK subsidiary, MAST Energy Developments (MED), has secured an exclusive option, for a nominal fee, to undertake due diligence and negotiate the potential acquisition of three peaking power sites, totalling 31.3 MW, in the UK.
CEO joins executive exodus at Dominion Diamond
Published: 10 Dec 18
Dominion Diamond CEO Patrick Evans has left the company, marking at least the third high-profile departure in less than a year at the Canadian miner, which is owned by billionaire Dennis Washington. Evans confirmed that he departed on December 5. Shane Durgin, who was COO, took over as CEO effective December 7, Evans said in a telephone interview Sunday. Evans said he plans to stay on as an adviser until the end of 2019. He declined to comment further.
Youth-owned SMMEs receive grants through De Beers, NYDA Youth-owned SMMEs receive grants through De Beers, NYDA
Published: 10 Dec 18
Four local Blouberg youth-owned small, medium-sized and microenterprises (SMMEs) have received grants of up to R50 000 from the National Youth Development Agency (NYDA) through the intervention and support from De Beers’ Venetia Mine. Thabosilakhu Empire, Betty Catering and Deco, Roadhouse Mollax Enterprise and agricultural business Wozilex, are set to benefit through capacity building and skills development training aimed at empowering youth-owned local SMMEs to become sustainable and contribute towards socioeconomic development and job creation.
Côte d'Ivoire aims to double gold output by 2025
Published: 10 Dec 18
Côte d'Ivoire plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector. Côte d'Ivoire, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 t last year to 50 t between 2020 and 2025, said Daniel Kablan Duncan at the opening of an Ecowas meeting on mining and petroleum in the commercial capital Abidjan.
Jubilee acquires chrome processing operation
Published: 10 Dec 18
Dual-listed Jubilee Metals has entered into an agreement to acquire all of the chrome beneficiation assets including plant, equipment, intellectual property and all rights to the existing surface material – estimated to be in excess of 1.8-million tonnes – owned by PlatCro Minerals and associated companies (the target), for £8.26-million.
Gecamines increases stake in Boss Mining joint venture to 49%
Published: 10 Dec 18
The Democratic Republic of Congo's State mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.
Europa to progress Toral to full feasibility study
Published: 10 Dec 18
Explorer Europa Metals is progressing its Toral project to full a full feasibility study to determine the economics, technical and environmental parameters for an underground mining operation in the Castilla y León region of Spain. This follows the outcomes of a positive scoping study, which executive and technical director Myles Campion said on Monday was “robust and positive”.
Significant drill targets identified at Kavango’s Botswana project
Published: 10 Dec 18
Kavango Resources has recorded positive results from geophysical follow-up work carried out since the completion of Phase 1 of the airborne electromagnetic (AEM) survey over its Kalahari Suture Zone (KSZ) project, in Botswana. The company noted in a statement issued on Monday that ground-based audio frequency magnetotelluric (AMT) surveys have now been conducted over the northern part of the KSZ project and also over the Ditau prospect within the KSZ project area.
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