Industrial Development Corporation
Diamonds & Gemstones
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.
Base Metals
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.
Investment
Aveng sells Dynamic Fluid Control
Aveng has entered a binding sale of business agreement and a subordinated loan agreement with Copaflo Fluid Control Proprietary.
Top Stories
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.
Top Stories
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.
Business and policy
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.
News
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.
News
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.
News
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...
