News

International Diamond group De Beers Group has started work on women and girls empowerment, including on diversity and inclusion. Katie Fergusson, Head of Social Impact at De Beers said the group is changing the historical legacy of women being under-represented. “Indeed, until the 1990s, it was illegal for women to …

Deep Yellow Limited’s subsidiary Reptile Uranium Namibia has announced maiden mineral resource estimate (MRE) for the Tumas 3 discovery. Reptile Uranium Namibia said the MRE is encouraging at a 200ppm eU3O8 cut-off, comprises 23.5Mlb inferred mineral resources at a grade of 382ppm eU3O8. The results come after a three month …

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 …

Rio Tinto has committed an additional $2.5 billion to its ongoing share buy-back programme, returning the proceeds of the sale of Coal & Allied to its shareholders. The capital return programme will be executed through a combination of an off-market buy-back tender, targeting A$700 million (approximately $560 million) of Rio …

Next Graphite Incorporated, announced its second quarter and first half financial results for the period ended June 30, 2014. The Company also highlighted its milestones in the first half of the year. Said Next Graphite Chief Executive Officer, Cliff Bream, “We are very pleased at the pace of development of …

Although Namibia, Botswana and Mauritius have consistently ranked in the top 20 of the RMB Where to Invest in Africa index, their inability to reach the top 10 is mostly due to the restricted size of their domestic markets. South Africa has ranked in the number one position for six …

New York, diamond tycoon Maurice Tempelsman of Lazare Kaplan International (LKI) has expresses interest in Namibia’s offshore mining. “We are also looking at some mining projects offshore  and some banking things,” said Tempelsman after a business meeting with President Hage Geingob, adding that the mining exploration is still in its preliminary …

Uranium mining activities significantly contribute to the development agenda of the government, Kornelia Shilunga deputy minister of Mines and Energy has revealed. Shilunga said the mining sector – despite continuous low uranium prices – contributed about N$161 million in royalties, whilst N$1 billion was paid in wages and salaries in …

Uranium expert and representative of the International Atomic Energy Agency, Dr Martin Fairclough, predicts the world will face a shortage of uranium within the next three decades, as demand will outweigh supply. Speaking at the opening of the Uranium International Conference in Swakopmund, Fairclough said countries should vigorously explore and …

Weatherly has drawn down US$2 million from Orion Mine Finance to accelerate the building of the leach pads and to fund working capital requirements at Tschudi. The funds come from US$10 million uncommitted loan announced early this year. Weatherly says to ensure the loan would be sufficient to meet the necessary funding requirements the …