Yesterday, Lucapa Diamond announced that it had extracted the first diamonds of Mothae mine, that it owned at 70%. The largest of these stones extracted weighed 6.6 carats.
Lucapa indicated that the extraction was done with the existing bulk sampling plant and infrastructure, which it renovated sooner than announced in the framework of the sampling program.
The company also said that works were ongoing at the 150th processing plant, including a large diamond recovery XRT system but the commissioning and commercial production are expected for the second part of this year.
Once operational, Mothae mine which has a 13.5-years lifetime should produce 498,000 carats annually.
Louis-Nino Kansoun
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Climate change could reduce Somalia’s GDP by up to 13.5% by 2060, according to a World Bank report. Agriculture accounts for more than 70% of GDP...
Mozambique’s private sector discusses technical cooperation with Thai rice industry players to boost local production. Mozambique produces less...
Kenya’s foreign exchange reserves increased to $14.59 billion on March 5, up from $12.53 billion a week earlier. The reserves now...
Angola receives 596 investment proposals worth $21.8 billion in five years About 80% of proposals came from Chinese investors Reforms and...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...