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

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

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. Advertisements

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Africa Mining: Lucapa Diamond unearths 128 ct diamond in Angola

Africa Mining: Lucapa Diamond unearths 128 ct diamond in Angola

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.

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Global Markets: “Diamond prices sliding” – report

Global Markets: “Diamond prices sliding” – report

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.

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Africa Mining: Angola to have diamond focused industry hub

Africa Mining: Angola to have diamond focused industry hub

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.

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

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

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.

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

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

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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