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De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems. De Beers raised prices by about 8% at its first sale of the year, according to people familiar with the situation who asked […]

AS ZIMBABWEANS faced the economic consequences of a crashing currency, well-connected businessman Kudakwashe Tagwirei skirted the rules to convert government-backed securities into scarce U.S. dollars —which he used to acquire shares in a lucrative platinum mine. Key Findings Even after Zimbabwe cut off its citizens from accessing U.S. dollars in mid-2019, the central bank governor […]

Three Zimbabwean nationals carrying explosives were intercepted by members of the South African National Defence Force (SANDF) in Musina. Captain Moses Semono of the Limpopo Joint Technical Headquarters said this was a case of possible Automated Teller Machine (ATM) explosion attempts. The explosives consisted of six reels of detonating cord, 50 units of connector capped […]

Vale, a mega-million Brazilian multinational with interests in mining, logistics, steel-making and energy, insists its mission is “to transform natural resources to prosperity and sustainable development”. But that is certainly not the impression you will get if you go to Moatize in western Mozambique’s Tete province where the company, in partnership with Mitsui Corp, has […]

The 87 suspected illegal miners, arrested in Orkney, the North West, last year following a shootout with law enforcement officers, are foreign nationals who are in South Africa illegally. On 20 October, the police’s Special Task Force, along with the Hawks and other law enforcement units, followed up on information about illegal mining taking place […]

Germany’s hard coal imports in 2022 could rise 7.7% on the year to 42-million tonnes due to economic recovery, high prices of rivalling gas and the need to compensate for the closure of nuclear power plants, industry association VDKi said on Friday. The VDKi also published preliminary data showing Europe’s biggest coal importer bought 39-million […]