Angolan Mining Oil & Gas

London-listed Petra Diamonds has generated $38 million in revenue from its seventh tender cycle of the year, selling 337,064 carats. This brings the company’s total revenue for the 2024 financial year to $366 million, with 3.15 million carats sold, up from $324 million and 2.32 million carats sold in the prior year. Despite a 13% increase in revenue compared to the previous financial year, average prices were lower at $116 per carat for the reporting

Read More Here

Diamond producer Diamcor Mining has successfully closed the second and final tranche of its non-brokered private placement, raising an additional C$600,300 and bringing the total proceeds to approximately C$2 million. The company had previously announced the closing of the first tranche on June 4, which raised about C$1.4 million. Insiders, management, directors, and significant shareholders collectively subscribed for around C$1.37 million of the offering. In total, Diamcor will issue approximately 40 million units at a

Read More Here

In 2023, Russia’s rough-diamond production value surpassed Botswana’s for the first time, despite facing significant sanctions and a weak market. The increase occurred even with intensified sanctions, including the European Union’s ban on Russian diamonds and stricter U.S. regulations on goods significantly altered in third-party countries like India. According to Kimberley Process (KP) statistics released this week, Russia produced 37.3 million carats of rough diamonds last year, valued at $3.61 billion, with an average price

Read More Here

Gem Diamonds, listed on the London Stock Exchange, has recovered a 123.20 ct Type II white diamond from its Letšeng mine in Lesotho. This notable find marks the eighth diamond over 100 carats that the company has unearthed this year. Gem Diamonds holds a 70% stake in the Letšeng mine, renowned for its production of large, exceptional white diamonds. It is recognized as the highest dollar-per-carat kimberlite diamond mine globally.

Read More Here