Acanex Mining Consultancy Institution

Acanex Mining Consultancy Institution Acanex Mining Consultancy is an independent BOTA(BQA) Accredited training institution targeting individuals, students, graduate and workers of different tr

OUR INSTITUTION________
Acanex Mining Consultancy is an independent BOTA(BQA) Accredited training institution targeting individuals, students, graduate and workers of different trades ambitious of entering the mining industry at the right foot including current mine workers. The consultancy was founded in 2013 as a mining industry consultancy and subsequently was expanded to a training institutio

n that accommodates all age levels and disciplines so as to provide a stronger mining industrial foundation for our younger and older employed or unemployed citizens of Botswana. The consultancy training focus mainly on mining operations and services incidental thereto. Its mission to provide a stimulating and challenging mining Education or industrial training that equips and inspires talented individuals to academic and professional success is implemented through our rigorous academic program and the substantial resources. ADMISSION & ENROLLMENT__________

Acanex Mining Consultancy institution draws individuals seeking a rigorous academic and mining industry training program and a flexible college-like class schedule that encourages independence, discipline, and strong time management skills, and that allows our students to pursue their diverse interests and exceptional talents. Acanex Mining Consultancy institution offers part-time short courses enrolment options. Students attending at Acanex Mining Consultancy institution come from diverse ethnic, socio-economic, and educational backgrounds, and live across Botswana.

02/09/2022
27/07/2020

EXCITING OPPORTUNITIES WITH KHOEMACAU COPPER MINING FOR THE FOLLOWING ROLES:

• MINE PRODUCTION ENGINEER,
• MINE PLANNING ENGINEER AND
• GRADUATE ENGINEERS

Closing date: 07th August 2020

FOR MORE DETAILS VISIT: http://www.thepatriot.co.bw/

06/06/2020

The global diamond giant, De Beers is working with Botswana’s government to temporarily move their sights to places closer to international diamond centres.

04/06/2020

The global diamond giant, De Beers is working with Botswana’s government to temporarily move their sights to places closer to international diamond centres.

The company said the move is necessary in order to try and restart trading which was put on halt due to coronavirus travel restrictions imposed by the government of Botswana.

Moving sights closer to international diamond centres will accommodate diamond buyers from traditional centres, such as Antwerp and Mumbai, who have been unable to travel to Botswana.

De Beers which is one of the oldest diamond businesses in the world, hosts 10 sales in a year known as ‘Sights’. During the sales period, customers are able to inspect the rough diamonds offered to them before deciding what to buy. There are two types of customers in Global Sight-holder Sales – which are Sight holders and Accredited Buyers.

Sight holders benefit from a term contract covering the sale of diamonds over an agreed period, whereas Accredited Buyers have a more ad hoc arrangement.

Already, the diamond company felt the pinch of the novel coronavirus scourge as they registered rough diamond sales of US$351 million during its second auction held in February, down from US$551 million during the first auction the previous month.

February sales were about 29 percent lower than the US$496 million recorded during the same period in 2019. “If we can move our product closer to them it would give us the flexibility to restart sales as soon as the markets reopen,” De Beers Executive Vice President, Diamond Trading, Paul Rowley told media on Thursday.

Rowley said the company will move some goods to locations closer to international diamond centres only for viewings with sales still invoiced in Botswana.

“The temporary measure will enable us and our government partners to generate some revenue in this difficult period. The two-month coronavirus lockdown in Belgium halted business in Antwerp, which is the world’s largest diamond trade centre. Antwerp reopened at the start of this month,” he shared.

Movement restrictions and weaker demand forced De Beers to cancel its diamond sales in April and May after the February sale declined by 36 percent to $551 million.

De Beers, which gets 70 percent of its production from Botswana, is curbing output. The company management has revised downwards its 2020 production guidance by 7 million carats to between 25 and 27 million carats in order to reflect demand and support long-term value as well as refocusing and repurposing marketing plans to reflect changing situation – timing, targeting, product types and messaging.

However, the economy has been severely impacted by the outbreak with the budget deficit expected to more than double as reduced diamond sales and exports impact revenues. Thus far Botswana has a low number of coronavirus infections with 40 cases recorded while 23 people have recovered and one death.

De Beers is 85 percent owned by Anglo American and 15 percent owned by the Government of the Republic of Botswana. De Beers’ two primary mines in Botswana; Jwaneng and Orapa represent 92% of the nation’s diamond output by value, with Jwaneng Mine being the most valuable diamond mine in the world.

31/05/2020

Top Five Countries In The World That Produce Diamond - Business - operanewsapp

31/05/2020

The country exported P280.3 million in copper in March, marking the first major sales of the base metal since long time major producer, BCL Mine closed doors in October 2016.

26/05/2020

Anglo American Plc will mine significantly fewer diamonds this year than it previously planned to, as the biggest supplier of the gems contends with a complete shutdown of the global supply chain.

The Global Race to Outer SpaceMoon MiningBoth interest in, and financial commitments to space activities, in particular ...
26/05/2020

The Global Race to Outer Space
Moon Mining

Both interest in, and financial commitments to space activities, in particular around the Moon by governments, space agencies, and the private sector have surged in recent years.
The asteroid mining market is already valued at up to trillions of dollars, but a single drill from earth has yet to make it to space.

While space mining is a concept still out of this world to some, it is real for the mining industry. After long being considered mostly science-fiction, governments are now implementing programs and legislation that allow them to join the race for mining in space.
Dr. Carlos Espejel is a mining industry veteran and current Space Resources Utilization Engineer at ispace, a private commercial lunar exploration company with offices in Luxembourg, the first European country to offer a legal framework ensuring private capitals their rights over resources they mine in space, and Tokyo. ispace builds the transportation technology needed to make it to the moon.

ispace was the managing company of team Hakuto, one of five finalists in the Google lunar Xprize competition, which called for privately funded teams to be the first to land a robotic spacecraft on the moon, travel 500 meters, and transmit hi-definition video and images back to earth.

Hakuto, Lunar rover. Image from ispace.
“We can actually land instruments and payloads on the lunar surface. We have the capabilities to travel and land on the Moon, Espejel told MINING.COM.
“We can transport and land instruments on the lunar surface. Our exploration technologies – rovers and landers – will carry instruments for the exploration of resources, like Lunar H2O and oxygen.”
Espejel said the moon is the first area the company has focused on in space. The second area is resource and reserves evaluation, as well as the acquisition of exploration data.
“From previous missions led by space agencies as NASA, JAXA, ESA, and ISRO, we have data and knowledge of certain elemental distributions on the lunar surface, and we know there are a lot of potential resources,” he said.

Mining the moon’s resources

ispace has two moon missions planned – the first for 2021, M1, putting a rove mixed latitudes, and in 2023 – a mission planned to the south pole.
For these missions – ispace has already booked and paid for the flights with Elon Musk- founded Space X.
“We know there is plenty of aluminum, calcium, silicon, iron, magnesium, thorium, uuranium, and abundance of potassium, rare earth elements and phosphorous. One of the latest and most exciting human discoveries we have so far, however, is the H2O (water) or hydroxides at the lunar poles – a lot of it, in the form of permafrost and/or ice,” Espejel said.
“We now know the locations of these water deposits on the poles of the moon. It has been estimated that there is anything from 3 to 10s of billion metrics tonnes of H2O.
“Right now, because of this knowledge, there is an outer space race between US, Russia, China and India – they are all going for these H2O deposits and strategic areas on the moon for permanent outposts.
Because it is like fuel… when splitting H2O into H and O hydrogen and oxygen can be used for energy purposes, as rocket fuel and fuel cells. This year, there are three missions to the moon. China will be landing on the moon this year in a purely robotic remote control mission to bring samples back to earth.
“India will also be going to the south pole of the moon this year, for the second time in history,” Espejel said. “The mission is to confirm existence of water on the south pole among many other scientific goals, NASA, later next year will be taking its Orion spacecraft to lunar orbit for six days, as part of its Artemis program which envisions to take humans back to the Moon in 2024.”

Human missions getting closer

There is a current ambition from space agencies to build permanent bases on the lunar surface in the near future, mainly close to the south pole.
Espejel said the possibility of human missions is getting closer, and NASA’s Artemis program is envisioning sending humans back to the Moon as early as 2024.
Two robotic missions are happening this year. ispace works with space agencies as the Luxembourg Space Agency, the European Space Agency (ESA), the a Japanese Space Agency (JAXA), and currently competing for NASA payloads in the CLPS program as part of Team Draper.
The Mining industry has standard codes for the reporting and estimation of Mineral Resources and Reserves such as JORC, NI-43-101 and CRISCO.
“We are currently working with partners to establish the first standard code for space resources, (LORS), said Espejel, who co-authored the paper.
“The Hague is putting together building blocks for the use of space resources, based on United Nations (UN) definition of ownership [and] licenses. It will work like international waters. No ownership, but in safe zones with no interference.”
Espejel said building blocks will be used to amend the Moon Treaty, which is on the table at the UN.
“As soon as the UN sees the race to the moon’s south pole – it is going to speed up on the situation,” Espejel said.

Russian diamond major Alrosa saw its diamond sales plunge 95% year-on-year to $15.6 million in April.“Alrosa virtually s...
21/05/2020

Russian diamond major Alrosa saw its diamond sales plunge 95% year-on-year to $15.6 million in April.
“Alrosa virtually stopped selling rough and polished diamonds as governments across the globe were taking active steps to prevent the spread of the coronavirus, while Alrosa remained committed to its price over volume strategy,” BCS Global Markets said on May 13.

At the end of 2019 Alrosa’s sales rebounded after a difficult year, but that outlook was worsened by the coronavirus pandemic as the company posted a 60% drop in sales in March.
But despite the market difficulties that have already forced Alrosa to shut down two lower-margin stone mines, the diamond miner has tried to maintain solid investment appeal and recommended paying a dividend of 2.63 rubles ($0.035) per share for the second half of 2019. This brought the total payout for 2019 to 100% of free cash flow, double that of the minimum 50% payout of free cash flow.

When Alrosa’s sales suffered earlier in 2019, the company also counterbalanced it with an effort to improve its investment case and pledged to pay dividends for the second half of the year even if cash flow turned negative.

In April, CEO Sergei Ivanov, supported the image of the company by selling half of his stake in order to support the Republic of Yakutia, where most of the company's operations are located, to fight the pandemic.
Alrosa expects to see an upward trend in demand for diamonds as early as the beginning of the third quarter.
“Weak diamond sales results by Alrosa in April were expected, as the diamond trade was practically paralyzed during the month,” BCS Global Markets said, expecting diamond demand and the company’s sales to start recovering in the summer.
BCS GM analysts have maintained a Buy recommendation on the name, as have Renaissance Capital, which predicts Alrosa to be one of the V-shaped recovery stocks.
Russia’s Federal State Property Management Agency owns 33% of Alrosa, the Republic of Yakutia has a 25% plus one share. The regions of Yakutia where the company operates own a total of 8%, and the free float is around 34%.

Only Three Countries Control Over 80% Of Global diamond ReservesData gathered by Learnbonds.com indicates that Russia, C...
17/05/2020

Only Three Countries Control Over 80% Of Global diamond Reserves

Data gathered by Learnbonds.com indicates that Russia, Congo, and Botswana control about 86.1% of the global diamond reserves.
The Learnbonds.com data shows that the total global diamond reserves are about 1.1 billion carats.

The demand for diamonds is set to grow
Russia controls more than half of the global reserves (52%) with 650 million diamond carats followed by Congo with 150 million carats.

Botswana is third with reserves totaling 90 million carats. Other notable reserves are in South Africa (54 million), Australia (39 million) and other countries (120 million carats)
In terms of diamond production, at the end of 2019, Russia produced an estimated 19 million diamond carats in mining. Australia had 13 million carats followed by Congo at 12 million carats.
Botswana, Zimbabwe, and South Africa produced six, three, and two million carats respectively. Other countries produced one million diamond carats.
The Learnbonds.com research further shows that the buy and sell demand for diamonds is set to keep rising whereby 2050, the figure will be 292 million carats, a growth of 88.38% from 2018’s number of 155 million.
By 2022, the demand will be 178 million diamond carats. Four years later, the demand will grow by 12.36% to 200 million carats.
Although the demand is set to grow, various factors come into play. According to the report:
“The demand for polished diamonds is mainly driven by two major factors including geopolitical and macroeconomic. These factors tend to increase or lower consumer confidence and thus affect the demand directly.”
Some of the global diamond reserves are expected to deplete in the coming years. However, apart from mining, diamonds can also be produced in laboratories in the form of synthetic diamonds.
The full story, statistics and information can be found here: https://learnbonds.com/news/only-three-countries-control-over-80-of-global-diamond-reserves/
Source: Justinas Baltrusaitis

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