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Topic

Angola’s diamond sector expanding with Russian help

By: Rebecca Campbell     2nd February 2018 Angola’s Sociedade Mineira de Catoca (Catoca Mining Company) is expecting to produce seven million carats of diamonds this year. This was stated by company GM Sergei Amelin, the Macauhub news agency reported. He was speaking in the city of Saurimo, which is the capital of Lunda Sul province,... 

Alrosa CEO, Angolan President discuss Catoca shareholding

By: Megan van Wyngaardt     26th January 2018 Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%. "Recently, we have seen positive changes related to increasing of transparency... 

Brazilian group sells stake in Angola diamond mine to help pay fines

By: Rebecca Campbell     26th January 2018 The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to, and its redistribution between, the mine’s two main shareholders, has been approved by Angolan President João Lourenço. He signed the decree authorising... 

Lucapa recovers another 100-ct-plus diamond at Angola mine

By: Creamer Media Reporter      8th January 2018 The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a... 

Canadian junior mining company makes progress in Northern Cape

     15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent regions, thereby showing a degree of positivity with signs of growth. This also points to a degree of untapped potential that is ready to be unlocked through increased investment upstream and... 

Lucapa recovers eighth diamond larger than 100 ct from Angola

By: Anine Kilian     13th November 2017 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes, better know as Endiama, and Rosas & Petalas have recovered a high-value 129.58 ct diamond from the Lulo project, in Angola.   The diamond was recovered from alluvial mining block six along with another large... 

Angola pushes mining production increases and diversification

By: Keith Campbell     25th August 2017 Angola’s State-owned diamond group Endiama is going to encourage the development of semi-industrial cooperatives in each and every province of the country, to explore for diamonds. This was stated by Endiama Board member and group Director of Geology Luís Quitamba, the Angolan news agency Angop... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Angola, Russia jointly developing new diamond projects and others

By: Keith Campbell     9th June 2017 Angola and Russia have committed themselves to deepening their economic cooperation, not least in the area of mining. This was made clear during the recent visit to the African country by Russian Vice Premier Yury Trutnev. Among others, he held talks with Angolan State Secretary for Geology and... 

Angola seeks to boost its mining sector

By: Keith Campbell     17th February 2017 The State-owned Empresa Nacional de Diamantes de Angola (Endiama – National Diamond Company of Angola) will not need additional investors to develop its Luaxe project, assured company President António Carlos Sumbula at the Angola Business Forum during the recent Mining Indaba in Cape Town.... 

Angola's Lulo mine delivers its fifth 100-ct-plus diamond for 2016

By: Mariaan Webb     26th September 2016 The Lulo mine, which Australian miner Lucapa owns in conjunction with Angola’s State-owned miner Endiama and Rosas & Petalas, has delivered its fifth diamond weighing more than 100 ct for the year, this time producing a 172.67 ct diamond. The diamond was recovered from ongoing alluvial mining... 

Lulo diamonds sell for $4.4m – Lucapa

By: Creamer Media Reporter      6th September 2016 The latest sale of alluvial diamonds from the Lulo project, in Angola, has netted $4.4-million, Australia-headquartered Lucapa Diamonds reported on Tuesday. The parcel of 3 642 ct included a 28.5 ct light pink diamond and fetched an average price of $1 212/ct. 

Osborn to supply grizzly feeder, jaw crusher to Angolan mine

By: Dylan Slater     1st July 2016 Mining equipment manufacturer Osborn Engineered Products, last month, secured a R12-million export order to a mine in Angola, for robust machines that will enable the world’s fourth largest diamond mine to process the more competent material which it is currently mining.  

New diamond mine inaugurated in Angola

By: Keith Campbell     15th April 2016 Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new... 

Mining seen as option to cut Angola’s oil dependence

By: Keith Campbell     19th February 2016 The West African country of Angola has been badly hit by the decline in oil prices. In 2012, according to the US Geological Survey (USGS), Angola was responsible for 2% of global oil output and oil accounted for 90% of the country’s exports, 80% of government revenues and 47% of its gross... 

Mining seen as major option to reduce Angola’s dependence on oil

By: Keith Campbell     19th February 2016 The West African country of Angola has been badly hit by the decline in oil prices. In 2012, according to the US Geological Survey (USGS), Angola was responsible for 2% of global oil output and oil accounted for 90% of the country’s exports, 80% of government revenues and 47% of its gross... 

World's Biggest Diamond Producers and Trade Leaders to Shine in Dubai

     16th March 2015 Company Announcement - Executives from De Beers Group, Alrosa and Endiama to reveal how the New Silk Route from China across Africa to Dubai has transformed the global Diamond trade. Diamond world trade leaders from WDC, WFDB and IDMA to speak at the conference The Dubai Diamond Exchange, a DMCC... 

Plant engineering specialist supplies third mill to Angolan diamond mine

By: David Oliveira     3rd October 2014 Plant engineering specialist, ThyssenKrupp Industrial Solutions South Africa will deliver another mill to a diamond mine, in Angola’s Luanda Sul province, next month. Catoca is owned and operated by a joint venture company comprising State-owned Angolan mining company Endiama, Russian diamond... 

Angola to grant De Beers new diamond exploration licence 

By: Reuters     11th April 2014 Angola, the world's fourth-largest diamond producer by value, will approve a new concession to mining major De Beers to explore for diamonds, Geology and Mines Minister Francisco Queiroz has said. London-based De Beers, majority-owned by global miner Anglo American, previously explored in Angola... 

Angolan diamond industry to regain record production

By: Jonathan Rodin     8th November 2013 The Angolan diamond mining industry could be poised to regain record production levels in the next few years, say economic geology consultants Sínese and sub-Saharan Africa investment bank Eaglestone. 

Good news for Angolan gem companies’ shareholders

By: Keith Campbell     9th August 2013 Angolan diamond mining company Catoca Mining, which is the country’s biggest diamond producer, accounting for more than 75% of the national output of the gemstones, will distribute $131.7-million in dividends to its shareholders, the Angolan weekly ‘Expansão’ has reported. These dividends... 

Angolan, Russian companies to partner in search for kimberlites in the African country

By: Keith Campbell     28th June 2013 Angola’s State-owned national diamonds company, Empresa Nacional de Diamantes de Angola, better known by its acronym Endiama, last week signed a joint development agreement with Russian diamond miner Alrosa. This covers prospecting for, and exploration in, diamoniferous areas in the African... 

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