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Second Biggest Diamond ever mined: Lucara Diamond (1,111 carats)

Second Biggest Diamond ever mined: 1,111 Carat Lucara Diamond     Exciting times! The Lucara Diamond Corporation which operates in Botswana and Lesotho has announced the discovery of the world’s second largest gemstone ever found. Currently, the biggest diamond in the world is the Cullinan Diamond which currently forms part of the British Crown Jewels.   This news is record-breaking as it is the largest diamond discovery for more than 100 years!     The Lucara Diamond is a highly sought-after diamond, which according to experts, contains no significant amount of nitrogen and is thus colourless and potentially brilliant. To put you into perspective, this diamond is said to be slightly smaller than a tennis ball. The Lucara Diamond Corporation’s Botswana operations is said to be a “newly constructed state-of-the-art mine” and following recent plant modifications, have enabled the recovery of such exceptional quality diamonds. (The company also just announced the discovery of two “white diamonds” weighing 813 carats and 374 carats before cleaning.)     What would a diamond of this calibre cost? There’s many factors that the cost would depend on. For instance, the size and quality of the diamond will have to be assessed, cut, and polished before it is ready to be sold, which may take many years.   Download and read the company’s press release on the Lucara Diamond     Most likely, the the Lucara Diamond will be sold at a tender in Botswana. Best you start saving your dollars then, ladies… 😉 [Source 1] [Source 2]... read more

$350m needed to develop Botswana’s Khoemacau Mine

  $350m capital needed to develop Botswana’s Khoemacau Mine         Cupric Canyon Capital, a private equity firm wants to approach the market to raise up to $350-million as start-up capital, to bring its Khoemacau (previously known as Hana Ghanzi Copper) copper and silver mine in Botswana into production! Cupric Canyon Africa is the parent company to Khoemacau.   The construction of the mine in the Kalahari Copper Belt is set to start in late 2016 with the first copper shipment to markets expected in 2018. According to Cupric Canyon Africa CEO, Sam Rasmussen the mine is expected to produce 50 000 t of copper and 1.5-million ounces of silver a year.       What about Financing of the project? Cupric has appointed Citi to work on the financing and has already invested over $250 million. Banking sources are believed to have said that a deal could take the form of a JV or a sale. Initially expected to cost about $200 million, the development of the new mine will be based on a revised feasibility study which has proved a larger copper and silver resource at the mine.   The mine is projected to have a productive life of at least 25 years and will use the processing plant at the nearby Boseto Mine, which it acquired after the liquidation of Discovery Metals.   [Source]     What’s your thoughts on this project? Do you have some insight into the project that you can share with us? Comment below and let me know.   Don’t forget to follow me on Twitter:... read more

BD Manager Job (Bulk Materials Handling) in Johannesburg, South Africa

Business Development Manager – Johannesburg, South Africa   We have a client involved in the Bulk Materials Handling sector providing solutions to the mining, power and industrial sectors. They are currently expanding their staff compliment, recruiting for a Business Development Manager: Bulk Materials Handling in Johannesburg, Gauteng. If you are in the market for something that would uplift your career then this might just be the opportunity you have been waiting for. Do not hesitate to apply now!     If you feel that your experience is in line with the requirements listed below, then submit your updated CV for the job! Requirements: Relevant tertiary qualification 8+ years’ experience in Bulk Materials Handling (technical and commercial experience) Must have previous Business Development experience within the Bulk Materials Handling space Responsibilities: Responsible for Bulk Materials Handling marketing and development Ensure that the order book is grown and kept at a constant by bringing in new business Responsible for handling the tendering and proposals process Relevant Financial Management duties Interface with clients and other relevant stakeholders Contractual information: Resident in Johannesburg How to apply: If your feel that your experience is a suitable match for the above job, then contact  Ishrafiel Johaardien, our Recruitment Team Lead for  Energy & Engineering.   Email: ish [at] caglobalint [dot] com | We don’t want you to miss out, on any of our other job opportunities,  so if you feel this opportunity is not in line with your experience or what you are looking for at the moment, then I would advise that you keep an eye on our Job Board @ and to ensure that you... read more

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