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Category: Diamonds

Diamonds Economy Local News

Luele Mine Set to Bolster National Diamond Production

Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, declared on Monday 27th November that the Luele Mine, situated in the province of Lunda-Sul, will significantly contribute to the country’s increased diamond output. “This inauguration marks not just the commencement of a diamond mine but the establishment of a legacy characterized by respect, responsibility, and excellence, aiming for a prosperous future for our nation,” emphasized the Minister of Mineral Resources, Oil, and Gas while addressing

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Oil Diamonds Environment Social Governance (ESG) Gas Local Mining

Oil and Gas Minister Encourages Industry Companies to Drive Community Development via Social Initiatives

Minister of Mineral Resources, Oil, and Gas, Diamantino de Azevedo, stressed the imperative for companies in the sector to engage closely with neighboring communities by initiating social projects that contribute to local development. During the launch of construction for 300 social housing units aimed at resettling families near the Luele mining area in Saurimo, the minister underscored the significance of companies not only fulfilling financial obligations but also assuming social responsibilities and collaborating with local

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News Diamonds International

Lucapa Reconsiders Merlin Plans Amid Weak Market

Lucapa Diamond Company has put its feasibility study for the Merlin mine on hold while it weighs a smaller-scale, lower-cost alternative in light of a prolonged softening in demand for rough. The plan will take into account lower production and cost options for the Australia deposit, which Lucapa acquired in 2021, it said Monday November 20th. The options under examination include using existing resources such as the trial mining plant and other equipment to get

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Local Diamonds Gas Mining Oil

Mining sector sees Potential of Cuanza-Sul

The copper and diamond mines in Cuanza-Sul province hold the potential to amplify local mining operations and broaden the avenues for wealth creation. This vision was emphasized recently by João Chimuco, the Executive Administrator of the National Mining Resources Agency. During his recent visit to Sumbe, the capital of Cuanza-Sul province, João Chimuco emphasized the necessity for collective involvement to effectively translate potential wealth into tangible resources. Following a courtesy meeting with the vice-governor for

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Diamonds Economy International

Namibia makes it into the 10 biggest Diamond producers in 2022

Namibia is one of the eight African countries that made it into the 10 largest diamond producers in the world in 2022. UNI Diamonds, a collaborative polished diamond marketplace, says Namibia produced 2.1 million carats, bringing in US$2,1b. A South African precious metals and diamonds expert, Dr Ashok Damarupurshad, says Namibia diamonds are first stage polished by the Benguela current and the west coast of Southern Africa into the most sought-after gems diamonds in the

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Diamonds International News

Rio Tinto to Hold Tender of 87 Fancy-Colored Diamonds

Rio Tinto has launched the Beyond Rare Tender, an inaugural collection of 48 lots of polished fancy-colored diamonds which will be shown in Australia, Switzerland and Belgium, with bids closing on November 20. The miner will offer 87 diamonds in total, including its legacy inventory of pink and red stones from the shuttered Argyle diamond mine in Australia and yellow diamonds from its Diavik site in Canada, it said. The new collection is “a testimony

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Diamonds Economy Environment Social Governance (ESG) Local

ENDIAMA invests USD 6 million in social Responsibility

Over the last five years, Angola’s National Diamond Company has invested a total of six million US dollars in the Lucrécia Paím maternity hospital, to improve maternal and neonatal care in that unit, which is dedicated to the medical monitoring of pregnant women until the end of their pregnancy, as well as the care of parturients. The financial support is part of its social responsibility and is the result of a memorandum signed in May

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Diamonds Economy Mining News

The Diamond Industry Implements Innovative Measures to Counteract Price Decline

When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer by their host: the option to buy nothing at all. De Beers markets its rough diamonds in a series of tightly scripted sales, where handpicked buyers are normally expected to take all their contracted allocations at a price set by De Beers, or face potential penalties in the future. But with

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Diamonds Local Mining News

Lulo Unearths Its Second-Largest Diamond

The ASX-listed Lucapa Diamond Company and its partners, Endiama and Rosas & Petalas, have recovered a 235 ct diamond at their Lulo mine in Angola. Not only is it the second-largest diamond to be recovered at the mine since operations started in 2015, but it follows only a week after the recovery of a 208 ct diamond at the mine. The 235 ct diamond was recovered from Mining Block 550, which is immediately south of

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Diamonds Economy International News

Botswana’s President Announces Comprehensive Review of HB Antwerp Investment

Botswana is conducting due diligence on HB Antwerp, as the world’s top diamond-producing country by value seeks to finalize a deal to acquire a 24% shareholding in the Belgian gem trader, President Mokgweetsi Masisi said on Monday. At the height of talks for a new sales contract with De Beers in March, Botswana announced a deal to become a shareholder in HB Antwerp and to supply the trader with 10% of the rough diamond output

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