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South Africa’s IDC signs up as Orion’s strategic partner

"The IDC has had a long involvement with the OCP through its significant shareholding in SAFTA, one of the original project vendors."
Lucapa Mothae

Lucapa secures US$7 million of development funding

ASX-listed Lucapa Diamond Company and the Government of Lesotho have announced the finalisation of US$7 million of development funding.
finance africa

US$100 million for project finance in Africa

The African Development Bank and the Industrial Development Corporation of SA have signed a US$100 million loan to finance infrastructure projects.

Thakadu begins construction of purification plant

Thakadu Battery Materials held a ceremony to mark the construction phase of its nickel sulphate purification plant at Lonmin's base metals refinery.
coal Somkhele Tendele Mining

Anglo American cuts all ties with Eskom

Anglo American has completed the sale, by its 73%-held subsidiary Anglo American Inyosi Coal, of the New Largo thermal coal project and Old New Largo closed colliery in South Africa.

DMR launches junior miners programme

The DMR has launched a” junior miners’ programme” to provide opportunities for new entrants identified throughout the mining value chain, as well as assist with issues of access to funding, compliance and access to markets.
Nigeria investment

IDC keen to invest in DRC mining projects

The Industrial Development Corporation of South Africa is keen to invest in mining projects in the DRC, in particular copper, cobalt, and zinc mining including related infrastructure. Interview with Mazwi Tunyiswa, the SBU Head (Basic...

DiamondCorp loan deferred, to raise cash to alleviate financial pressure

DiamondCorp has experienced development delays at its Lace mine, placing it in financial difficulties – leading it to issue new shares to raise cash. The company has also been granted approval to defer its...

Chamber of Mines to launch 1st commercial fuel cell

South Africa - The Chamber of Mines of South Africa in partnership with the Industrial Development Corporation (IDC) and the Department of Trade and Industry (Dti) will on the 31th March launch the first...