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Diamond Producers to continue operations despite COVID-19 outbreak

Even in these uncertain times, traditional diamond producers remain confident about future demand. Despite the current COVID-19 outbreak, on Friday (27th March), Anglo American announced that production will continue across several African diamond assets with considerably reduced employee numbers. Individual mines will continue operating with only 50% of workers remaining. …

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Optimism on the radar for local economy

Positive growth is expected to return to the local economy, the International Monetary Fund (IMF).   According to IMF, the real GDP contracted in 2019 and is expected to turn positive during 2020 as the impact of last year drought fades and mining production picks up.   “Absent structural reforms, …

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Coronavirus: Africa might be the biggest loser

Researchers believe the spread of coronavirus in Asia might condemn the African continent to be the biggest loser outside Asia; this is despite the absence of a single case being confirmed thus far. According to Dirk Willem te Velde, principal research fellow at the Overseas Development Institute, a slowdown in …

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B2Gold throw weight behind rhino conservation initiative

Canadian gold miner B2Gold Corp has shown its support for the black rhino conservation initiative in Namibia by donating 1000 oz of gold to support the initiative and the communities that protect them The gold donation is valued at approximately US$1.5 million. B2Gold’s Rhino Gold Bar initiative was recently launched …

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JV kick start work at Lofdal Heavy Rare Earths

Namibia Critical Metals Inc has announced details of the planned work program for the Lofdal Heavy Rare Earths Project. The development comes after the company entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) to jointly explore and develop Lofdal. Authorities at the company plan to …

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Namibia Critical Metals, JOGMEC conclude agreement

Namibia Critical Metals Inc. has signed an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) to jointly explore, develop, exploit, refine and distribute mineral products from the company’s Lofdal Heavy Rare Earth Project. The agreement provides JOGMEC with the right to earn a 50 percent interest in the …

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De Beers, RDI Diamonds inks deal

International diamond giant, De Beers Group Industry Services has announced a new collaboration with leading US wholesaler, RDI Diamonds Inc.   According to the company, RDI Diamonds Inc is to become its premier source of diamond grading reports.   The partnership marks De Beers Group Industry Services’ first step into …

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UK-AFRICA SUMMIT: Britain makes a small first step towards green technology

Climate campaigners have described the announcement by the British government to suspend financial support for thermal coal as a “small first step.” The British Prime Minister, Boris Johnson announced at the inaugural UK-Africa summit that the government will suspend financial support for thermal coal as part of efforts to present …

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Revitalizing economic ties top of agenda at the UK-Africa summit

African Development Bank President Akinwumi  Adesina is expected in London for the UK-Africa Summit, an investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ The summit is being convened by Prime Minister Boris Johnson and kicks off on January 20th . According to a statement, a …

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Orano mining restructures its top-level structure

Orano Mining Namibia has announced its internal restructuring within the top-level structure. The move is part of the larger group’s ongoing global responsiveness to internal and external business dynamics. According to the company, Hilifa Mbako steps down as Managing Director of Orano Mining Namibia with effect from 01 January and …

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