South Africa’s National Treasury will have a narrower budget deficit in 2022/23 than it earlier assumed, continuing to be trimmed over the next three years thanks to buoyant mining receipts, a Reuters poll found on Friday. In a review of finances due to be announced next week in parliament –
Mining & Exploration
Lucapa has unearthed a Type IIa 131-carat stone at its Lulo mine, in Angola. The “spectacular” gem, according to the Australian miner, is the miner’s fourth +100 carat diamond found in Lulo this year. According to IDEX Online, it’s the 29th +100 carat diamond recovered since commercial production started
Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the minerals,
The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include Cameroon, Côte d’Ivoire,
London-listed Botswana Diamonds (BOD) has finally announced the conclusion of acquisition of the outstanding third-party shares in Vutomi Mining and Razorbill Properties 12. The acquisition of Vutomi had been dependent on customary regulatory and competition authority approvals in South Africa.
Jagersfontein Developments, the owner of a mine waste dam that partially collapsed two weeks ago, denied on Wednesday that another dam wall had collapsed, contradicting a statement from the Free State provincial government. “There has been no further breach of any kind at the facility,” the company said in a
