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Trustco finds 391-carat diamond in Sierra Leone
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Trustco finds 391-carat diamond in Sierra Leone

Trustco Group Holdings recently announced the discovery of a massive 391.45-carat diamond by Meya Mining in Sierra Leone. Trustco holds a 19.5% interest in the mine.  This significant find was made in the Kono District of Sierra Leone, within an area that spans the Kamara Gbense and Tankoro chiefdoms. Meya holds a 25-year exclusive diamond...

Mones ministry expedites local content policy
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Mones ministry expedites local content policy

An inter-governmental committee formulating a Namibian content policy for the burgeoning oil and gas industry has made local content development in the country a priority. The National Upstream Petroleum Local Content Policy, currently in draft format, aims to improve Namibian participation in the sector and boost the domestic supply chain while continuing to welcome international...

Resilient mining industry remains bedrock of Namibian economy 
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Resilient mining industry remains bedrock of Namibian economy 

I remain impressed by the dedication, innovation, and resilience of the Namibian mining industry, as it continues to play a vital role in our country’s economic growth and development.  The mining industry’s contribution to the GDP was 14.4% in 2023 up from 11.9% in 2022. Moreover, last year, the mining industry spent more than N$21...

World’s second-largest diamond found in Botswana
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World’s second-largest diamond found in Botswana

It is the biggest find since the 3,106-carat Cullinan diamond, found in South Africa in 1905 and cut into nine separate stones, many of which are in the British Crown Jewels The diamond was found at Karowe mine, about 500km north of Botswana’s capital, Gaborone. Botswana’s government said it was the largest diamond ever discovered...

Modernising Namibian mining
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Modernising Namibian mining

Mark Twain famously said: “During the gold rush, it’s a good time to be in the pick and shovel business”. The mining, minerals and metals’  sector has certainly moved on from just picks and shovels, and with that, countries like Namibia are quickly becoming the next destination for the proverbial gold rush.  According to Chamber...