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.
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Angola: Govt reorganises diamond sector
The 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 MoreAfrica Mining: Angola sells 8.40 million carats of diamonds in 2018
Angola’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 MoreAfrica Mining: Botswana Diamonds seeks £370 000 for exploration activities
Botswana 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 MoreAfrica Mining: “Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform” – report
Zimbabwean 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 MoreAfrica Mining: RioZim demands $92m from the Reserve Bank of Zimbabwe
Zimbabwean 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 MoreAfrica Mining: Zimbabwe targets $12bn from mineral exports in five years
Zimbabwe expects to earn $12-billion a year from mineral exports by 2023, Mines Minister Winston Chitando said.
Read MoreAfrica Mining: Lucapa introduces Lulo diamonds into Angola’s new diamond marketing system
Lucapa 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 MoreAfrica Mining: Mining to increase contribution to Angola’s economy
The 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 MoreAfrica Mining: De Beers to allow rejection of cheap diamonds
De 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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