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Covid 19 South Africa Miners Back at Work

An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive  Tebello Chabana  said on Thursday 11/06/2020.       Virus-free. www.avg.com
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Worlds largest diamond mining ship

Namibia to build world's largest diamond mining ship. According to new a report, five African commercial banks are investing up to $375 million in the construction of a new diamond mining vessel for a subsidiary of Anglo American’s diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship, which will be the world’s largest of its type. Debmarine Namibia – a 50-50 joint venture company between De Beers and the government of Namibia, will provide the balance of $94 million. “The highest quality diamonds in the world are found in our ocean,” Debmarine Namibia Chief Executive Otto Shikongo said in a statement. https://www.africanews.com/2019/06/20/namibia-to-build-world-s-largest-diamond-mining-ship/

Zambia is planning to introduce sales tax

Zambia will abolish Value Added Tax (VAT) and replace it with a non-refundable sales tax in April, Finance Minister Margaret Mwanakatwe said on Monday, a move likely to help the government boost revenue collection and bring down mounting debt. Mwanakatwe said the Zambia Revenue Authority (ZRA) would finalise audits of all outstanding VAT refund claims and collect any unpaid taxes before making the change. https://www.cnbcafrica.com/news/political/2018/10/01/zambia-is-planning-to-introduce-sales-tax-what-you-need-to-know/ Virus-free. www.avg.com

SA in Recession even though Mining is contributing positively to the GDP

The mining and quarrying sectors in South Africa has contributed positively to GDP in the second quarter according to data released by Statistics SA. Unfortunately, this has not prevented a recession in the country, which has been attributed to the agricultural and communications sectors. Mining increased by 4,9% and contributed 0,4 of a percentage point to GDP growth The agriculture, forestry and fishing industry and the transport, storage and communication industry were the largest negative contributors to growth in GDP in the second quarter. The agriculture, forestry and fishing industry decreased by 29,2% and contributed -0,8 of a percentage point to GDP growth. The decrease was mainly because of a drop in the production of field crops and horticultural products. https://www.miningreview.com/mining-in-sa-delivers-impressive-growth-in-q2-but-not-enough-to-prevent-a-recession/ http://www.statssa.gov.za/?p=11516

Mining in South Africa coming to a slow halt

In 1980, mining vied with manufacturing as the largest contributor to gross domestic product, with each at about 21%. Today, mines account for 7% of the economy. In 1987, the sector employed 763 000 people; that’s down more than 40% to 447 000 now. The government, retailers and banks are now the country’s biggest employers.   By pushing populist policies like the Mining charter only hinders growth by forcing the hand of an investor to another country.   As the unemployment numbers are sitting at a staggering six million people unemployed and looking for work, taking the jobless rate to about 28%, a 15-year high. This excludes 2.5 million discouraged job seekers. Yet the ANC have a communist stubborn iron fist approach to land, mines and the economy which only makes us as a Nation Weaker against the open playing field of the world.   We at the Institute of Race Relations have consistently argued that if mining in South Africa is to live up to the country’s resource potential, an investm

Russia looks at Zimbabwe for Diamonds

The world’s largest diamond producer by output, Alrosa of Russia, is interested in investing in exploration and mining in Zimbabwe, while also exploring the prospects of bilateral co-operation in technology transfer.   CEO of the Mirny-headquartered firm, Mr Sergey Ivanov, has already met President Emmerson Mnangagwa and is keen on moving into Zimbabwe.   Harare is crafting a new diamond policy and the Zimbabwe Consolidated Diamond Mining Company will be unbundled to open the sector to private investors. In e-mailed responses to The Sunday Mail recently, Mr Ivanov said “pre-work” was underway “to identify possible areas for co-operation”.   Alrosa is mainly engaged in the exploration, manufacturing, marketing and sale of diamonds.   http://www.sundaymail.co.zw/russian-giant-eyes-zim-gems/   Regards, Andy D’Arcy Mossop Marketing Manager/Design Engineer 0828554903 www.insumbi.com  

Zama-zamas receive mining permits today

Today Thousands of illegal diamond diggers will  be granted a mining permit by the department of mineral resources as part of a plan to formalise the trade which is draining the industry, according to Deputy Mining Minister Godfrey Oliphant. After years of illegally extracting diamond fragments from a mining site owned by the Kimberley Ekapa Mining Joint Venture, the Kimberley Artisanal Mineworkers will finally be recognised as a legal mining cooperative. “This is a major milestone for both the mining group and the miners who for a long time have been seen as illegal miners,” said Oliphant. “This came after lengthy consultations between all the parties, including the provincial government of the Northern Cape,” Oliphant told Fin24. Oliphant estimates that illegal mining in the gold sector alone costs companies over R70-billion a year. Ekapa Mining has made available about 400 hectares of land to the group, where they have dug deep furrows and holes in search for diamonds, using makeshi