Botswana President Mokgweetsi Masisi warned on Sunday February 12th that his country could sever ties with South African diamond giant De Beers if talks to renegotiate a sales deal go unfavorable for his country. The 2011 sale agreement governing the terms of trade for diamonds produced by Debswana – a 50-50 joint venture between the government and De Beers – expired in 2021. It was extended by the parties, who cited the coronavirus outbreak as
The Yetwene Mining Project plans to produce 3000 carats a month. The forecast is based on theproject’s indicators, which indicate that with the start of exploration, conjectured for the currenteconomic year, production will be positioned, in a first phase, at 3000 carats of diamonds per month According to Pedro Domingos, acting director of Mining Operations for the project located in the Camissombo commune, Lucapa municipality, Lunda Norte province the ressessment activities of the reserves, following
The general director of the Catoca mining Society, Benedito Manuel, said on Tuesday 7th February in Cape Town that the fourth largest mine in the world has managed to maintain positive revenue indicators, despite facing difficulties in the logistics chain offered by the country. Speaking to the press on the sidelines of the International Conference on Mining in Africa, Benedito Manuel reassured potential businessmen who intend to invest in the country, encouraging them to enter
The president of ENDIAMA, José Manuel Ganga Júnior, said on Tuesday 7th feb in Cape Town that the state-owned diamond company is increasingly focusing on diversifying its economic activity. Speaking to the press as part of Angola’s participation in the International Conference on Mining in Africa, Ganga Júnior explained that ENDIAMA plans to increase its value chain, and that includes increasing cutting to 20 percent of diamonds produced in the country. Ganga Júnior noted moreover
The National Diamond Trading Company (SODIAM) will auction 43 special diamond stones, including a 170.20 carat pink diamond, whose viewing sessions will take place from October 24th to November 14th. The bidding process for these stones ends on November 15, 2022 and will only be done electronically to customers registered by SODIAM and who have “expertise” in the marketing of special stones, the company says in a statement. The auction included seven special stones weighing
The leading fuel retailer will participate as a Bronze Sponsor of Angola Oil & Gas 2022, as the country spearheads the progressive expansion and liberalization of its downstream sector Energy Capital & Power (ECP) (EnergyCapitalPower.com) is honored to announce Pumangol – Angola’s leading fuel retailer – as a Bronze Sponsor of the upcoming Angola Oil & Gas (AOG) (https://bit.ly/3UyBCpP) 2022 Conference & Exhibition, taking place on November 29 – December 1 in Luanda. We are
The General Director of Memorial Dr. António Agostinho Neto, António Fonseca urged the Brilhante Foundation to “guide for more actions aimed at culture and the arts, with a view to safeguarding the cultural identity of the communities surrounding the diamond mining areas”. António Fonseca was speaking on the occasion of the launch of the literary work “The cultural thought of Dr. Agostinho Neto” which took place on the 30th of September on the occasion of
The Lulo alluvial mine, located in the Lunda-Norte Province, produced a 131-carat diamond. The white gemstone is the 29th of more than 100 carats recovered since the start of operations. The newly discovered diamond is also the 4th of more than 100 carats discovered in 2022.
Tax revenues from the country’s diamond production, in August, stood at 5.5 billion kwanzas. The purchase value was estimated at 173 million dollars. The Industrial Tax was 1.85 billion kwanzas and the Royalty 3.7 billion. According to the document published on the Ministry of Finance’s website, the proceeds resulted from the sale of 773,000 carats at a price of US$267. In the month of July, 729 thousand carats had been sold at a price of
The decision made by the South African Heritage Resources Agency (SAHRA) on September 15 to permit the backfilling of the historic Jagersfontein diamond mining pit with waste from a second compartment of the tailings dam – to prevent a secondary breach after one compartment of the dam failed on September 11 – has been met with concern and opposition by Youssef Diamonds Liberia chief geologist and Florida International University earth and environmental sciences research professor Stephen Haggarty. In an open letter addressed to the SAHRA on
