The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Glencore, the world’s biggest commodity trader, is reviewing allegations by US authorities regarding the bribery of officials in the Democratic Republic of Congo said to implicate its partner, Israeli-billionaire Dan Gertler. Some of Gertler’s projects in Congo were funded by Och-Ziff Capital Management Group, which on Thursday agreed to pay more than $400-million to settle a US investigation that it committed bribery violations in Africa. Och-Ziff’s partner in Congo paid $100-million in bribes to government officials over a 10-year period to win access to mining assets, according to an agreement between Och-Ziff and the US Justice Department.
Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia.