Angola’s Catoca, “Sociedade Mineira de Catoca” the world’s fifth largest diamond mine, estimates it lost $464 million over the past six years due to a government-imposed marketing system that obliged it to sell production below international prices, a company presentation seen by Reuters showed. The figure was presented during a private meeting in March between …
Lucapa prepares for Angola diamond rush Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”) provides the following transcript of the address by Chairman Miles Kennedy to shareholders at the Company’s 2018 Annual General Meeting held Thursday May 24.2018. For and on behalf of the Lucapa Board. MARK CLEMENTS COMPANY SECRETARY “Welcome everyone to …
Angola Renews Sales Policy On Rough Diamonds Luanda, Angola — The Angola Ministry of Mining and Petroleum Resources has set up a working group to renew the profit-orientated sale of rough diamonds. The Secretary of State for Geology and Mines, in Angola Jânio Victor will be heading up the group. This working group, as stated in the …
RAPAPORT… Lucapa Diamond Company has raised its output, cash-flow and mine-lifespan forecasts for the high-value Mothae kimberlite diamond project in Lesotho, where operations are due to start next year. Lucapa Raises Targets for Lesotho Mine – Rapaport
Who are the Diamond Producing Countries? Diamonds are mined in 24 different countries know as diamond producing countries. Group 1 countries produce the fewest pure gem quality diamonds. They mainly produce industrial diamonds and near-gem quality diamonds destined for fashion jewelry markets. Group 2 countries produce the largest number of commercial grade diamonds mainly destined …
Lucapa Diamond Company Ltd. sold a fourth parcel of diamonds from its Lulo diamond concession in Angola, achieving $2.3 million or $1,500 per carat. The parcel included a 63.05-carat, D, type IIa stone. Lucapa’s proceeds from the four parcels, totaling 3,856 carats, reached $7.7 million, or nearly $2,000 per carat. The Lulo diamond field has produced fancy colored diamonds …
