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Lucapa Revenue Drops in First Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine fell in the first quarter, with a sharp decline in the average price achieved.Revenue slid 36% year on year to $7.8 million, the company said Monday. Although...
Mining Apr 27, 2020 Rapaport News
Lucapa Extends Shutdown at Lesotho Mine
Lucapa Diamond Company has put its Mothae mine in Lesotho on care and maintenance until the global market recovers.The miner temporarily closed the asset last month after the government placed the country...
Mining Apr 20, 2020 Rapaport News
Lucapa Reduces Lulo Operations
Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government lockdown on the country.The shutdown, currently in force until April 11, excludes the mining industry, though authorities...
Mining Apr 02, 2020 Rpapapot News
Angola Luaxe
Alrosa’s Angola Mine to Start Production in 2020
After six years of development, production is due to begin at Alrosa’s Luaxe diamond deposit in Angola next year, the nation’s government said. Output will come to around 1 million carats valued at $90 million in the first year,...
Mining Dec 15, 2019 Rapaport News
Lucapa Lulo 150
Lucapa Eyes Increased Share in Lulo
Lucapa Diamond Corporation is in advanced discussions withthe Angolan government to secure a majority stake in its Lulo exploration project, it saidThursday. The company currently owns 39% of the 3,000-square-kilometerproject, which is based in the Lunda Norte region. State-ownedEndiama...
Mining Nov 28, 2019 Rapaport News
Alrosa Catoca mine 600
Alrosa, Endiama Aim to Develop Angola Industry
Alrosa has signed an agreement withAngola’s state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide...
Mining Apr 07, 2019 Rapaport News
IDE Angola
Angola to Hold Rough Tender in Israel
Angola’s national diamond-trading company, Sodiam, has agreed tohold its first rough tender in Israel. Representatives from Israel’s government and diamond industry reached the deal with Angolan officials during a recent visit to the...
Rough Markets Mar 17, 2019 Rapaport News
Angola 150
Angola to Curb Sodiam’s Control of Rough Sales
Angola plans to allow miners to sell up to 60% of roughdiamonds to companies of their choice, including to their own tradingdivisions, Reuters reported last week. The changes are part of the country’s reforms to its diamondsector under President João...
Rough Markets Jul 02, 2018 Rapaport News
Angola Eyes Antwerp as Ally in Diamond Reforms
Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
Rough Markets Jun 14, 2018 Joshua Freedman
Alrosa Expands Stake in Catoca
Alrosa Raises Stake in Catoca Mine
Alrosa has agreed to buy an additional 8.2%stake in the Catoca Mine in Angola for $70 million, the Russian miner said Friday.Angolan President João Lourenço approved a redistribution of 16.4% of the enterprise’s holdings, which were split...
Mining Jan 15, 2018 Rapaport News
Catoca Sees Revenue Rise in 2016
Catoca, which operates Angola’s largest diamond mine,reported an increase in revenue and profit in 2016 as lower rough diamondprices influenced stronger demand for its product.Revenue grew 2% to $593.6 million during the year assales volume increased...
Mining Aug 22, 2017 Rapaport News
Alrosa Angola
Alrosa, Angola Sign Deal on New $35B Mine
Alrosa has partnered with Angolan national diamond companyEndiama to develop the African nation’s largest kimberlite deposit, claimingthe project could be worth more than $35 billion.Alrosadiscovered the Luele mine during exploration work it carried...
Mining May 24, 2017 Rapaport News
Lulo March 2017 Sale
Sales Steady at Lulo Diamond Mine
The latest rough diamond sale from the Lulo alluvial mine in Angola garnered $2.5 million (AUD 3.3 million), Lucapa Diamond Company reported Tuesday. The sale, which was Lulo’s third of the year,...
Rough Markets Apr 12, 2017 Rapaport News
Lucapa Lulo large diamond
Lucapa Secures Angola Exploration Permit
Lucapa Diamond Company said it received a license to exploreat the Lulo Diamond Project in Angola for another five years.Angola’s Minister of Mines andGeology FranciscoManuel Monteiro de Queirozsigned off the approval, which applies to the entire 3,000...
Mining Nov 28, 2016 Rapaport News
Catoca Mine Small
Catoca Sales Fall as Rough Prices Slide
Catoca, which operates Angola’s largestdiamond mine, reported revenue declined last year because of a sharp decline inrough prices that outweighed higher sales volumes.Revenue fell 3.5 percent to $582 million in2015 as the average price...
Mining Oct 30, 2016 Rapaport News
Lucapa Lulo large diamond
Angola’s Largest Diamond Sold for $16M
Lucapa Diamond Company sold the record-breaking 404-caratdiamond it recovered earlier this month in Angola for $16 million (AUD 22.5million).The selling price of$39,580 per carat is the highest to date for a white diamond mined at the...
Mining Feb 29, 2016 Rapaport News
Lucapa Lulo large diamond
Lucapa Recovers ‘Largest Diamond in Angolan History’
Lucapa Diamond Company said it has recovered thelargest recorded diamond ever found in Angola.The404.2-carat gem has been confirmed as a “top-tier,” type-IIa, D-color diamond,according to a statement February 15. It was recovered from alluvial mining atMining Block...
Mining Feb 15, 2016 Rapaport News
Diamonds ‘Not Promoted Enough’: Endiama Chair
Diamonds are not being promoted well enough, and as a resultpeople are not motivated to buy them, the chairman of Angolan state diamondcompany Endiama said last week.Speaking in the Angolan city of Saurimo on October 6, CarlosSumbula told...
Mining Oct 12, 2015 Rapaport News
AWDC Angola Networking
AWDC Holds Exclusive Networking Event in Luanda
Press Release: Yesterday, in the framework of the Belgian Princely Economic Mission to Angola, the Antwerp World Diamond Centre (AWDC) organized an exclusive Antwerp diamond networking event in the presence of Her Royal Highness Princess Astrid...
Polished Markets Oct 22, 2013 AWDC
Angola Plans Diamond Polishing, Jewelry Manufacturing Industry
Angola has embarked on a program to enhance diamond mining in the country and diversify its industry into diamond polishing and jewelry manufacturing. Speaking at the Angola Diamond Conference in Luanda on Thursday, Manuel Domingos Vicente (pictured),...
Manufacturing Jun 20, 2013 Avi Krawitz
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