RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Angola’s Annual Rough Revenue Rises

Figure up 6% in 2019 as miner sells nine special stones from Catoca for $3.7 million.
Feb 16, 2020 8:44 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Revenue from Angola’s national diamond-trading company, Sodiam, rose 6% in 2019 as the company sold a higher volume of rough goods.

Proceeds for the year came to $1.3 billion from the sale of 9 million carats of rough diamonds, compared with 8.4 million carats in 2018, the government said in a Facebook post last week. That offset a 10% drop in the average price to $137 per carat for the year. 

The increase came despite weakness in the rough-diamond market in 2019, with many miners, including De Beers and Alrosa, reporting a decrease in sales.

Angola implemented a new, more competitive diamond-trading policy that allows miners to offer 60% of their production to clients of their choice rather than selling through the state trading company.

In the fourth quarter, Sodiam sold 3 million carats of rough for $409 million, at an average price of $136 per carat.


Image: Catoca mine. (Alrosa)
લેબલો: Angola, Catoca, Catoca mine, Rapaport News, SODIAM
સમાન લેખો
ટિપ્પણીઓ: (0)  Add comment ટિપ્પણી ઉમેરો
ટિપ્પણીઓ ગોઠવો અંતિમ થી પ્રથમ



અમને ફોન કરો: ૧-૭૦૨-૮૯૩-૯૪૦૦
Member License Agreement   RapNet Trading Rules & Code of Conduct    ગોપનીયતા નીતિ  
  
twitter twitter
વિશે Rapaport
અમારી સાથે જાહેરાત કરો