Investing In African Mining Indaba

South Africa faces sixth day of blackouts as Eskom stumbles, De Beers Botswana to expand world’s richest diamond mine and more top news.

What’s the latest in African mining? Here’s your weekly roundup of top news stories in the sector, curated by the Mining Indaba team.
South Africa faces sixth day of blackouts as Eskom stumbles. South Africa’s state-owned power utility will implement controlled blackouts for a sixth straight day to prevent a total collapse of the electricity grid amid a shortage of capacity. Read more
De Beers, Botswana to expand world's richest diamond mine. Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess’ subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine. Read more
Lucapa nearly doubles Lulo resource. Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation. Read more
S.African court rules extension of wage agreement to AMCU valid and lawful. South Africa’s labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said. Read more
Tanzania sets up mineral trading centres to curb illegal gold exports. Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centers by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals. Read more
Galane donates Galaxy shares to Phakamani Foundation. TSX-listed Galane Gold has completed the donation of 17% total issued share capital of Galaxy Gold Mining to the Phakamani Foundation, as part of its empowerment requirements in South Africa. Read more