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123 ct Type II white diamond recovered from Letšeng mine

Gem Diamonds recovers 123 ct diamond from Letšeng

Published: 02 Jul 24

London-listed Gem Diamonds has recovered a 123.20 ct Type II white diamond from the Letšeng mine, in Lesotho. This marks the eighth diamond greater than 100 ct in size that the company has recovered in the year.

Mineral and Petroleum Resources Minister Gwede Mantashe

Minerals Council reiterates mining industry priorities as it welcomed Mantashe’s reappointment

Published: 02 Jul 24

Industry body the Minerals Council South Africa has welcomed the reappointment of Gwede Mantashe as Mineral and Petroleum Resources Minister, with this Ministry having been separated from that of Electricity and Energy, which continues to be headed by Kgosientsho Ramokgopa. The council’s newly elected president Nombasa Tsengwa says Mantashe’s reappointment brings continuity in the engagements and relationships that the council has fostered with him since his initial appointment as then Mineral Resources and Energy Minister in 2018.

Kganyago welcomes Godongwana's reappointment as Finance Minister

Published: 02 Jul 24

South African central bank Governor Lesetja Kganyago welcomed the reappointment of Finance Minister Enoch Godongwana in the new coalition cabinet unveiled by the president this week. “We still have the same minister of finance that we have been talking to, who has always been providing guidance and leadership on macroeconomic policy and that gives us comfort,” Kganyago said in an interview on Tuesday with Bloomberg TV at the European Central Bank Forum in Portugal.

Southern Copper flags progress at key Peru mine

Published: 02 Jul 24

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, CEO Oscar Gonzalez told local radio broadcaster RPP. Reuters reported on Sunday, citing an internal document, that the long-postponed $1.4-billion project located in the Arequipa region's Islay province was set to restart development on Monday, after years on hold amid community opposition over fears about the mine's environmental impact.

Endeavour studying spill from Côte d'Ivoire operation

Published: 02 Jul 24

Endeavour Mining says it’s studying the damage from the leak of poisonous liquid at its second-biggest mine located in southern Côte d'Ivoire. Early reports show that a broken valve leaked 3 000 liters of mud containing cyanide into a canal within the perimeter of the mine, Endeavour’s country manager Laetitia Gadegbeku-Ouattara told journalists in Abidjan Monday.

US judge halts Biden administration's pause on LNG permits

Published: 02 Jul 24

A federal judge on Monday dealt President Joe Biden's climate agenda a setback by blocking the Democrat's administration from continuing to pause the approval of applications to export liquefied natural gas (LNG). US District Judge James Cain in Lake Charles, Louisiana, sided with 16 Republican-led states in holding that the US Department of Energy's freeze on approvals of LNG exports was "completely without reason or logic".

Côte d'Ivoire to revise mining code to increase state profits

Published: 02 Jul 24

Côte d'Ivoire is planning to revise its mining code in order to increase state profits, the country's mines minister Mamadou Sangafowa Coulibaly said on Monday. The world's top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its income sources. The west African country's mining code was last revised in 2014.

India in talks with Africa, Latin America countries for critical mineral blocks, official says

Published: 02 Jul 24

India is in talks with countries in Africa and Latin America to get critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary of the Ministry of Mines, said at an industry event on Tuesday. The official said that India is also in discussions with Australia for critical minerals.

Trade, Industry and Competition Minister Parks Tau

New trade and industry leadership expected to use industrial policy levers to support key sectors

Published: 02 Jul 24

With industrial policy back in fashion in many economies, business and policy specialists expect new Trade, Industry and Competition Minister Parks Tau to prioritise measures to support key sectors, including those aligned to the emerging green economy. The former Department of Cooperative Governance and Traditional Affairs Deputy Minister and City of Johannesburg Executive Mayor has been appointed to the position in the government of national unity (GNU) together with two deputies, Zuko Godlimpi, also of the African National Congress, and Andrew Whitfield, of the Democratic Alliance.