Industrial Development Corporation

Kagem emeralds

Gemfields revenue exceeds US$200 for the first time

Gemfields boosted its group-wide revenue by 5% in 2019, exceeding US$200 million of income from emerald and ruby auctions for the first time.
Palabora

History repeats itself at Palabora copper mine

In 2020, Palabora Copper will enter its 64th year of operation – making it one of the oldest mining operations in South Africa.
avesoro

Aveng sells Dynamic Fluid Control

Aveng has entered a binding sale of business agreement and a subordinated loan agreement with Copaflo Fluid Control Proprietary.
power coal covid-19 kangra

Phase 1 of Makhado greenlighted

MC Mining has announced the development of its flagship Makhado hard coking and thermal coal project through a phased approach.
Bushveld

Bushveld Minerals: growing to be a world-class vanadium business

Bushveld Minerals’ ambition is to grow into one of the world’s most significant, lowest cost and vertically integrated vanadium companies.
Gem diamonds

Mining Charter III detrimental to alluvial diamond mining

Mining Charter III heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks.
Mothae Lucapa Diamond Company

Lucapa and Lesotho Government get development boost for Mothae

Lucapa Diamond Company and the Government of the Kingdom of Lesotho have received an approved loan from theIDC for ZAR100 million for the Mothae mine.
Kagem Mining

Kagem Mining’s transparency impresses IDC 

Industrial Development Corporation chief executive Mateyo Kaluba has welcomed efforts by Kagem Mining to ensure transparency in the gemstone sector.
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...

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