Posts tagged mining

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Stage set for African countries to renegotiate for fair mining deals

The paradox of plenty is a reality for many African countries. There’s an abundance of natural resources such as oil, gas and minerals, but there hasn’t been much economic growth and development for many countries. The natural resources abundant in most African countries tend to benefit not the communities and countries within which the minerals are extracted. Tanzania’s President John Magufuli has started the process of renegotiating the mining contracts his country has with various mining companies. Other African countries need to borrow a leaf out of Tanzania’s book.


Too much sparkle to handle: Bidders fail to meet reserve price for Lesedi La Rona, Botswana’s largest gem

Lesedi La Rona, the biggest diamond unearthed in Botswana and the largest find in more than a century, second in size only to the Cullinan diamond cut into the British Crown jewels, has failed to find a buyer. Bidders failed to meet the reserve price for the diamond. The gem was expected to surpass the $63m paid for the 813 carat diamond sold in May by the Canadian company, Lucara, which also owns Lesedi La Rona.

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The Netherlands mining interests in Africa: an interview with Dirk-Jan Koch

Investing in African Mining Indaba, an annual professional conference held in early February, is dedicated to the capitalisation and development of mining interests in Africa. Nancy Onyango from This is Africa sought out Dirk-Jan Koch, envoy for Natural Resources at the Netherlands’ Ministry of Foreign Affairs, for a chat about about the Netherlands’ stance on illicit financial flows, mining, flooding and water management in South Africa.