Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or the “Company”) and its Lulo Alluvial Diamond Mine partners, Endiama and Rosas & Petalas are pleased to announce the results of the recent exceptional stone tender which attracted US$15.7 million (A$24.5 million) for seven Lulo diamonds.A total of 534.9 carats were sold by tender achieving an average price per carat of US$29,401. The tender was conducted by Sodiam E.P. in Luanda, Angola.Of the seven exceptional diamonds sold in
DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it had reduced its rough diamond availability amid a 61% year-on-year decline in rough diamond sales for the eighth cycle which came in at $200m (2022: $508m). Sales in the seventh cycle totalled $370m. Commenting on its decision to suspend online sales, De Beers CEO Al Cook said
Endiama, the national diamond company, will use TECH-Minas, an unprecedented tool created in Angola, to monitor mining activity and the “alarming” problem of mining, announced the president of the company’s board of directors. Jose Ganga Júnior stated that TECH-Minas facilitates the monitoring and surveillance of mining activities, performance levels, as well as security issues in the areas. “The mining industry, which presents alarming environmental problems and ecological disasters, can be observed from our office almost
The Chairman of the Board of Directors of Endiama, a state-owned diamond company, expressed grave concerns regarding diamond mining activities in concession areas within the Lunda Norte province. These concerns primarily stem from alleged complicity among certain authorities. Jose Gange Júnior voiced his apprehensions during the biannual review session on diamond production, currently underway for three days in Dundo, the capital of Lunda Norte. According to the official, the situation is particularly troubling in the
The violence in Israel will likely prompt a move into safe-haven assets as investors closely watch events in the Middle East to gauge geopolitical risk to markets. Gunmen from the Palestinian group Hamas entered Israel in an unprecedented attack on Saturday 7th October. Western countries, led by the United States, denounced the attack and pledged support for Israel. Rising geopolitical risk could see buying in assets like gold and the dollar, and potentially boost demand for US
London-listed Petra Diamonds has released initial results for its Tender 2 sales, which have been brought forward owing to a two-month moratorium on diamond imports to India starting on October 15. The initial results of Tender 2, which account for 75% of the total tender volume, indicate sales of 344 554 ct for $30.2-million. The average price realised in the tender was $88/ct, which is between 16% and 18% lower than the average price achieved
Canada-based miner Fortuna Silver Mines has achieved a new gold production record, with its five mines in West Africa and Latin America producing a combined 128 671 gold-equivalent ounces (GEOs). This is a 38% increase compared with the second quarter and a 26% improvement on the same production a year earlier. The NYSE- and TSX-listed firm produced 94 821 oz of gold and 1.7-million ounces of silver during the three months under review. Gold production
ASX-listed Lucapa Diamond Company, which holds a 40% interest in the Lulo mine, in Angola, and a 70% interest in the Mothae mine, in Lesotho, has appointed Nick Selby as CEO and MD. Selby has served as interim CEO since August, following former CEO and MD Stephen Wetherall‘s resignation. Selby, an extraction metallurgist, joined Lucapa in October 2014 as COO and was appointed executive director of operations in September 2017. He began his career with De Beers, where
Sonangol plans to add the delivery option to the sale of the company’s oil cargoes, thanks to the viability of its shipping fleet between April and September, reinforced with two Suezmax class ships with capacity to transport one million barrels per unit. The decision was announced by the director of Sonangol’s commercialization unit in London, Sandra Júlio, cited yesterday by the “Ngol” program, broadcast by the oil company on RNA, in statements in which she
A total of 3.4 million barrels of oil per day was produced on average by Brazil in August, which represents an increase of 12.2 percent compared to the same month last year. According to data released by the National Petroleum Agency (ABP), in relation to July, production fell 1.4 percent. The maritime fields of the pre-salt oil horizon, which are located in deep waters of the Atlantic Ocean, have once again become the country’s main
