diamond

Africa: Botswana’s president denies report of $600 million diamond-backed loan to Zimbabwe

Posted on March 4, 2019March 4, 2019 by Mozambique Resources Post

GABORONE – Botswana’s president on Friday dismissed a report that the country had offered Zimbabwe a $600 million diamond-backed loan and said his government had only offered to guarantee a $100 million private credit line for Botswana companies to invest in their troubled neighbour.

Africa Mining: Lucapa Diamond unearths 128 ct diamond in Angola

Posted on February 20, 2019February 20, 2019 by Mozambique Resources Post

Diamond miner Lucapa Diamond Company (ASX: LOM) has unearthed a massive 128-carat diamond from its flagship Lulo alluvial mine in Angola, making it the twelfth sparkler measuring over 100ct recovered from the field to date.

Africa Mining: Angola’s Endiama sees diamond output rising to 13.8m carats

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

Angola’s state-owned diamond firm Endiama sees production rising to 13.8 million carats in 2022 compared with 9.5 million carats forecast for this year, a senior official said on Wednesday.

Global Markets: “Diamond prices sliding” – report

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

A report made public today by Rapaport reveals that polished-diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last month and 5.9% compared to last year.

Africa Mining: Angola’s first diamond auction to be held on 31 January in Luanda

Posted on January 15, 2019January 15, 2019 by Mozambique Resources Post

The first auction of exceptional quality diamonds extracted from the Lulo concession in Angola will be held on 31 January in Luanda, Australia’s Lucapa Diamond Company reported on Monday.

Africa Mining: Angola to have diamond focused industry hub

Posted on December 28, 2018December 28, 2018 by Mozambique Resources Post

A hub dedicated to the diamond industry in Angola will be inaugurated in 2019 in Saurimo, Lunda Sul province, the minister of Mineral Resources and Oil announced on Thursday.

Africa Mining: Angola to build another diamond cutting plant by 2019

Posted on December 21, 2018December 21, 2018 by Mozambique Resources Post

A diamond cutting and polishing plant will be installed from February 2019 in Saurimo, the chief executive of Angolan diamond trading company Sodiam announced on Wednesday.

Africa Mining: “Angola to hold first diamond auction in January” – Sodiam says

Posted on December 11, 2018December 11, 2018 by Mozambique Resources Post

Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said.

Africa Mining: Lucapa recovers 78 ct diamond in Lesotho

Posted on December 11, 2018December 11, 2018 by Mozambique Resources Post

A 78 ct white diamond has been recovered from the Mothae diamond mine, in Lesotho.

Africa Mining: Zimbabwe to let two new private miners dig for diamonds

Posted on December 6, 2018 by Mozambique Resources Post

Zimbabwe’s government is letting two new private companies mine diamonds in the country and may even allow foreign investors to hold majority stakes in local operations on condition that part of their output is reserved for domestic downstream industries.

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