Congo’s cobalt and copper production jumped in 2020, central bank says

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.

Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.

He is said to have already begun training three to four people to succeed him in the job.

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.