Top Stories

ICMM team deliberate on mining, metals at COP30

United Nations Climate Change Conference dubbed (COP30) ongoing at Belém in Brazil will zoom on the mining sector. According to ICMM team, this year, mining and metals are higher on the agenda than ever – driven by geopolitical considerations. In addition, there is recognition that mining and metals are part …

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Angola Escalates Bid for De Beers, Challenging Botswana for Control of Diamond Giant

In a dramatic escalation of the global scramble for control of De Beers, Angola’s state-owned diamond company, Endiama, has submitted a formal bid for Anglo American’s majority stake in the legendary producer. This move represents a significant shift from Endiama’s earlier interest, which centered on acquiring only a minority share. …

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Botswana Mandates Local Ownership in New Mining Ventures

Botswana has enacted a sweeping new measure requiring foreign mining companies to cede a significant portion of ownership in new concessions to local investors, the country’s mines ministry announced Friday. The rule, which took effect on October 1, mandates that a 24% stake in any new mining project be sold to …

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US Heavy Earths Deal Signals Next Mining Boom

Australia is poised to meet the surging global demand for heavy rare earths (HREs) following China’s decision to halt exports, a move that could reshape the global minerals landscape. The announcement comes on the heels of a high-level meeting between Prime Minister Anthony Albanese and U.S. President Donald Trump, which …

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Copper Aspirant Oscillate Rebrands as Serval Resources Ahead of AIM Move

London, UK – Oscillate PLC has unveiled a new corporate identity, Serval Resources, reflecting a strategic pivot toward copper and “future metals” critical to the energy transition and the digital economy. The listed entity on the Aquis exchange will operate under the Serval brand name and plans to officially adopt …

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African Producers Urged to Forge Diamond ‘OPEC’ to Restore Market Control

As Botswana seeks a greater ownership stake in De Beers and Angola eyes a potential interest, diamond veteran Martyn Charles Marriott is advocating for a radical return to industry collaboration, proposing a diamond equivalent of OPEC to stabilize the fragmented market. Marriott, a former De Beers executive and key consultant …

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Botswana Withholds Diamonds as Global Slump Hits Prices

The state-owned Okavango Diamond Co. (ODC) has made a “prudent decision to withhold” nearly one million carats of rough diamonds after an ad-hoc auction failed to meet its reserve price, signaling the government’s refusal to concede to falling global prices. The late September “closed” tender, which saw no gems sold, …

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Botswana Sets 24% Local Stake Rule for New Mines

The government of Botswana has begun enforcing a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government opts not to acquire the stake, the Ministry of Minerals and Energy announced on 10 October 2025. The rule, first proposed last year …

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How Keeping Coal Dry Became Botswana’s Energy Security Strategy

A 30-metre dome at Morupule B reveals the infrastructure gaps holding back Africa’s power grids and the South African scaffolders filling them. Botswana’s energy crisis doesn’t fit the usual narrative. There’s no shortage of coal at the Morupule B Power Station, the country sits on substantial reserves. The problem is …

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Botswana Economy Slumps as Diamond Woes Deepen, IMF Warns

Botswana’s diamond-dependent economy is facing a significant downturn, with the International Monetary Fund (IMF) warning that the slump in the global diamond market is dragging down growth. After expanding by 3.2% in 2023, the economy contracted sharply by 3% in 2024, primarily due to “strong headwinds” facing the diamond industry, …

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