Africa Mining: Angola sells 8.40 million carats of diamonds in 2018

Africa 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. Advertisements

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Global Industry: Big Oil Proves Crude Price Is Just a Number

Global Industry: Big Oil Proves Crude Price Is Just a Number

(Bloomberg) – The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.

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Global Industry: ExxonMobil Earns $20.8 Billion in 2018

Global Industry: ExxonMobil Earns $20.8 Billion in 2018

Exxon Mobil Corporation today announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. Excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017.

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Africa Mining: Zambia tax hike to make most mines unprofitable, group says

Africa Mining: Zambia tax hike to make most mines unprofitable, group says

More than half of the copper mines in Zambia, Africa’s second-biggest producer of the metal, will probably be unprofitable next year with thousands of jobs on the line, as the nation raises taxes for operators, the country’s biggest industry lobby group said.

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Global Industry: BP nets ‘highest quarterly result in more than five years’

Global Industry: BP nets ‘highest quarterly result in more than five years’

For the third quarter 2018, BP’s underlying RC profit was $3.8 billion, which is more than a double from a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft. This compares to a $1.87 billion profit in the third quarter 2017.

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