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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 rough
Angola’s Annual Rough Revenue Rises
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...
Mining Feb 16, 2020 Rapaport 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
Angola Diamond Sales Rise
Revenue from Angola’s national diamond-trading company,Sodiam, rose 12% year on year in the third quarter amid an increase in theaverage price. Prices of Angola’s diamonds have continued to increase sincethe implementation of the country’s new, more competitive...
Mining Nov 06, 2019 Rapaport News
Angola Sales
Angola Sees Rise in Diamond Revenue
Revenue from Angola’s national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola’s diamonds have increased since the implementation of the country’s...
Mining Aug 12, 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
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
Vladimir Marchenko Alrosa
Alrosa Names Head of Africa Projects
Alrosa has appointed Vladimir Marchenko (pictured) as vice presidentresponsible for the Russian miner’s operations in Africa.The company has a 33% stake in Catoca, a diamond-miningproject in Angola, and plans to increase its share, it said last week. Theminer...
Mining Sep 26, 2017 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
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
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
Catoca Mine
Catoca Mine Diamond Sales Rise 1% in 2014
Catoca,which operates Angola’s largest diamond mine, reported that sales rose 1percent to $602.9 million in 2014. Angola’sdiamond sector benefited from stable diamond prices during the year, while itsprofile improved as it held the chairmanship...
Mining Sep 09, 2015 Rapaport News
Catoca Mine Small
Catoca Appoints Sergey Amelin as CEO
Sergey Amelin, the former deputy CEO of Severalmaz, was appointed the CEO of Catoca Ltd. Mining Co. in Angola. Amelin has been a deputy CEO of Severalmaz since March 2014. Previously, he was the deputy CEO...
Mining Mar 31, 2015 Jeff Miller
Catoca Mine Small
Catoca Mine's 2013 Production -2%
Production at the Catoca mine in Angola fell 2 percent year on year to 6.556 million ‎carats in 2013. Rough diamond sales in total increased 3 percent year on year to $594.4 million, however, the average price fell 4 percent to $89.68...
Mining Sep 29, 2014 Deena Taylor
Catoca Mine Small
Catoca to Commence Zimbabwe Diamond Exploration in 2014
Angola-based diamond mining company Catoca will begin diamond exploration in two Zimbabwe fields in 2014. Catoca's decision to start exploration in Zimbabwe follows a mining agreement signed by the two countries on October 28, Angop reported. The...
Mining Oct 30, 2013 Deena Taylor
100 Years of Angola
Angola, 100 Years Later
Angola is looking for investors in its diamond industry. In so doing, the country is marketing itself as a conflict-free and friendly environment and is vying to be the Kimberley Process (KP) chairman in 2015 to validate its claim. At the same time,...
Fair Trade Jun 28, 2013 Avi Krawitz
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
Catoca Mine Small
Catoca's 2012 Production -1%
Production at the Catoca mine in Angola fell 1 percent year on year to 6.706 million ‎carats in 2012. Rough diamond sales declined 5 percent year on year to $579.4 million, with ‎the average price per carat down 4 percent...
Mining Jun 18, 2013 Deena Taylor
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