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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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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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Governments invest more in Mining Indaba

Organisers of the Mining Indaba have revealed that governments are leading the way in investing at the mining jamboree. Forty countries were represented at this year’s Investing in African Mining Indaba to promote the continent’s mining sectors to a global audience of investors, suppliers and other key stakeholders. According to …

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2020 will likely be a turning point for sustainable finance in Africa’s mining sector

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa. The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining …

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Côte d’Ivoire’s Tietto Minerals wins the Investment Battlefield challenge at African Mining Indaba.

An emerging mining company in Côte d’Ivoire, Tietto Minerals, has won the 2020 ‘Investment Battlefield’ competition at the Investing in African Mining Indaba in Cape Town. The annual Investing in African Mining Indaba has grown into the most comprehensive gathering of mining companies, investors, governments, mine solution providers and media …

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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 busy …

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Africa Must Benefit the Most From Mineral Wealth

President Cyril Ramaphosa says the time has come for Africa to benefit from its mineral wealth and be a producer of value-added goods. The President made the impassioned plea during the opening ceremony of the second Africa Investment Forum at the Sandton Convention Centre in Johannesburg. Approximately 2 000 delegates …

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Russia Digitalises Africa’s Mining Sector to Increase Output

Russian companies have offered African countries solutions based on the internet of things (IoT) and artificial intelligence (AI) to boost mining production. The offers follow the realisation that traditional means are becoming increasingly expensive, with productivity falling due to technical maintenance costs, unreliable equipment, reactive troubleshooting, a lower equipment utilisation …

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Diamond exploration licenses returned to semi-industrial companies and cooperatives in Angola

The return of licenses to 241 companies and semi-industrial diamond mining cooperatives in seven provinces of Angola will allow the creation of at least 20,000 jobs, the national director of Mineral Resources said on Friday in Dundo. André Buta, who spoke at the end of the delivery of 31 of …

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