Angola: Lucapa nearly doubles diamonds resources
Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation.
Read MoreDiamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation.
Read MoreThe diamond sector in Angola will be reorganised in a similar way to the oil sector, with the privatisation of state-owned companies and the creation of a regulatory entity, said the Minister of Mineral Resources and Oil.
Read MoreAngola’s national diamond trading company, Sodiam sold 8.4 million carats of diamonds in 2018, which accounted for revenue of US$1.22 billion, a company executive said on Tuesday in Luanda.
Read MoreBotswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share.
Read MoreZimbabwean President Emmerson Mnangagwa is under growing pressure one year after taking office following the removal of long-time leader Robert Mugabe. That pressure may be about to increase if his handling of the diamond industry doesn’t reflect his alleged commitment to economic reform and anti-corruption.
Read MoreZimbabwean miner RioZim is suing the country’s Reserve Bank for $92 million, in a move intended to force it pay for more of its gold purchases from the company in US dollars.
Read MoreZimbabwe expects to earn $12-billion a year from mineral exports by 2023, Mines Minister Winston Chitando said.
Read MoreLucapa Diamond (ASX:LOM) said it supports the recent diamond sector reforms announced by Angola’s government and that it will sell certain select large premium-value diamonds from its prolific Lulo mine through the country’s new marketing channels.
Read MoreThe restructuring of the mining sector in Angola will improve efficiency and increase its contribution to the national economy, said the Angolan Minister of Mineral Resources and Oil.
Read MoreDe Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week, according to people familiar with the situation.
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