Diversifying African economies is key to reducing the continent’s dependence on the sale of raw commodities and to sustained economic growth, as well as the development of such crucial sectors as telecommunications, agriculture and tourism, according to a United Nations-backed report unveiled today. The study entitled “Economic Diversification in Africa: A Review of Selected Countries” [...]
AFRI-CAN MARINE MINERALS ACQUIRES MARINE DIAMOND CONCESSION ADJACENT TO NAMDEB’S ATLANTIC ONE MINING LEASE IN NAMIBIA
Afri-Can Marine Minerals Corporation has entered into an agreement to acquire 100% of the Exploration and Prospecting License 3403 (“EPL 3403”) from International Mining and Dredging Holding Ltd. (IMDH) and BV Investments Four Hundred and Nine (Pty) Ltd. (“BVI”).
NY-based photographer comes on board with the African Diamond Council
he African Diamond Council (ADC), Africa’s official diamond governing body is pleased to announce that master photographer Monet KITTRELL has agreed to terms with the organization as artistic/image director of its North American operations. In his new undertaking, Monet will be responsible for visually expanding the scope and presence of the ADC’s mission in the [...]
What are alluvial diamonds?
Alluvial diamonds is the term used to describe diamonds that have been removed from the primary source (Kimberlite) by natural erosive action over millions of years, and eventually deposited in a new environment such as a river bed, an ocean floor or a shoreline. What is alluvial diamond mining? Alluvial diamond mining is the term [...]
Congo’s Ban on Mining an Incomplete Solution to Conflict Minerals, Says Enough Project
In order to decrease violence fueled by the global trade in conflict minerals, Congo’s recent ban on mineral exports must be accompanied by long-term efforts to reform the trade, including a certification process, says the Enough Project. Last week, President Joseph Kabila announced a mineral export ban on the conflict-ridden and mineral-rich Walikale territory in [...]
Namakwa Diamonds Appoints Rugby Player Ashwin Willemse to Head of Public Relations
Namakwa, the diamond resource group focused on Southern Africa, announces the appointment of Ashwin Willemse to the role of Head of Public Relations. Ashwin is a well-known former South African international rugby player and enjoys wide appeal in the communities and territories in which Namakwa Diamonds operates, where he oversees a number of important projects. [...]
Namakwa Diamonds in Diamond Tender from Lesotho and DRC
Namakwa Diamonds, the integrated diamond resource group focused on Southern Africa, has announced that its Sales & Trading Division is to tender in Johannesburg on 13 October 2010, in excess of 6,000 carats from its kimberlite operations in Lesotho, operated by Storm Mountain Diamonds and 10,000 carats from its alluvial operations in the Tshikapa Triangle [...]
INVESTMENT DEMAND WILL CONTINUE TO SUPPORT ROBUST GOLD MARKET DURING 2010
Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council (“WGC”) said. According to the WGC’s Gold Demand Trends report for Q2 2010, published today, demand [...]
2010 Nobel Peace Prize for the Special Court for Sierra Leone ?
The Special Court for Sierra Leone is said to be among the nominees for the 2010 Nobel Peace Prize. The Special Court for Sierra Leone was set up jointly by the Government of Sierra Leone and the United Nations. It is mandated to try those who bear the greatest responsibility for serious violations of international [...]
Global Witness welcomes UN report highlighting link between minerals and conflict in Diamond-Rich DRC and calls for end to impunity for crimes
Global Witness welcomes the confirmation, in a landmark UN report published today, of strong links between the activities of brutal armed groups and the trade in minerals and timber in the Democratic Republic of Congo. Global Witness has been campaigning for over 10 years on the Congo conflict, and strongly backs the UN’s call for [...]
Lucara Diamond to Acquire 100% of AK6 Diamonds Project in Botswana
Lucara Diamond Corp. and African Diamonds Plc have entered into an agreement pursuant to which Lucara proposes to acquire all of the issued and outstanding shares of AFD on the basis of 0.80 of a common share of Lucara for each AFD common share by way of an English court-approved Scheme of Arrangement. AFD is [...]
South African president Jacob Zuma: Antwerp ‘ideal partner to help us build a strong and diversified diamond industry in Southern Africa’
Following is the Address by His Excellency President Jacob Zuma at the Business Gala Dinner hosted by the Antwerp World Diamond Centre in honour of his visit to Belgium “Honourable Ministers, Minister Kris Peeters, The President of the Antwerp World Diamond Centre, Mr Nishit Parikh, Mr Barend Petersen, CEO of De Beers, Distinguished Captains of [...]