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Monday, February 18, 2019

Caterpillar to invest $1bn in Africa over the next five years

US mining equipment manufacturer Caterpillar, its independent dealers and the Caterpillar Foundation are to invest $1-billion in business, education and training across Africa over...

South Africa falls behind in new mine development

South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of...

Catoca Mining Society responsible for 75% of the diamonds mined in Angola

Sociedade Mineira de Catoca (Catoca Mining Society), the largest diamond company in Angola, is responsible for 75% of the diamonds mined in the country,...

Gemfields achieves record sales price for lower-quality emeralds

Twenty-nine companies placed bids in Aim-listed Gemfields’ second auction of production from its 75%-owned Kagem mine, in Zambia, in the current financial year, with...

Mozambique turns to IMF for emergency loan as Currency falls

Mozambique has turned to the International Monetary Fund for $286 million in emergency aid to help cushion the economy after the currency lost almost...