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Diamonds International News

Petra sales fall as Diamond market continues to falter

23, October, 202323, October, 2023

PETRA Diamonds continued to suffer the effects of declining market prices reporting second tender sales of $40.9m – 49% lower than the first tender sales of its 2024 financial year. However, there are mitigating factors when comparing the two tenders. The previous, the first of the year, was effectively a catch-up as Petra had delayed sales from earlier tenders that occurred in the previous financial year. Carats sold totalled 444,029 carats in the second tender

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Diamonds International News

Zimbabwe’s biggest Diamond miner shifts sales to Dubai auctions

23, October, 202323, October, 2023

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned 4 million carats of stones so far this year in the emirate, up from 850,000 carats for the whole of 2022. The state-owned miner is targeting revenue of $1 billion by 2030, according to Sales and Marketing Manager Enock Moyo. Three auctions held in Dubai have attracted an

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Diamonds Local News

Minister of Mineral Resources Calls for Unified Efforts to Safeguard Natural Diamond Resources

23, October, 202323, October, 2023

The natural diamonds producers should be more aligned in order to improve the management and protection of these resources, said the Minister of Mineral Resources, Oil and Gas. Diamantino Azevedo was speaking in Luanda at the opening of the meeting of the Ad-hoc Committee for the Review and Reform of the Kimberley Process Certification System, where he stressed the need for better organization, from an environmental and management point of view, in order to reduce

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Diamonds Local News

ENDIAMA Engages in Capital Markets and Pension Funds Workshop

23, October, 202323, October, 2023

ENDIAMA is continuing its commitment to training human capital in order to better respond to the challenges of the present and the future, said recently in Luanda the executive director for Mining Operations, Administration and Human Resources of the country’s second largest company. Domingos Margarida was speaking during the 2nd edition of the workshop on Capital Markets, Insurance and Pension Funds, aimed at ENDIAMA- E.P. employees and collaborators, organized by the Capital Markets Commission, in

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Local News Oil Petroleum

Lobito Refinery Investment Tender Launches, Aims for 200,000 BPD Capacity

20, October, 202323, October, 2023

The Angolan government is pressing ahead with plans for the Lobito refinery, which will have the capacity to process up to 200,000 barrels of oil per day. The national oil company, Sonangol, recently initiated a public tender for investment in the refinery, marking a significant step in the project’s development. Sonangol has already completed various essential phases of the project, including an economic feasibility study, reevaluation of the feed, dredging of Lobito Bay, embankment preparation,

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Diamonds Mining News

Lucapa Stays Committed to Full-Year Targets Amidst Persistent Market Headwinds

20, October, 202320, October, 2023

The ASX-listed diamond miner and explorer, Lucapa Diamond Company, has maintained its production guidance for its Lulo and Mothae mines for the full year. Reporting on the company’s performance in the third quarter, which ended on September 30, Managing Director (MD) Nick Selby said that Lucapa’s 70%-owned Mothae mine, located in Lesotho, continued to perform strongly and had “a very positive quarter.” Mothae delivered 9,010 carats of diamonds in the third quarter, marking a 19%

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Energy International Mining News

Reviving the Mining Innovation and Research Battle Mining Indaba 2024

20, October, 202320, October, 2023

As we move into 2024, the global mining industry is abuzz with excitement as the annual Mining Indaba event makes its triumphant return. What makes this year’s event particularly special is the revival of the “Mining Innovation and Research Battlefield,” a platform that promises to showcase cutting-edge technologies and research breakthroughs set to revolutionize the mining sector. Mining Indaba: A Premier Gathering for the Mining Industry Mining Indaba has long been recognized as one of

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Gold International Mining News

Caledonia’s Ambitious Venture Unearthing Zimbabwe’s Largest Gold Mine

20, October, 202320, October, 2023

In a significant stride towards economic revitalization, Caledonia Mining Corporation, a globally renowned mining company, is embarking on an ambitious journey to develop Zimbabwe’s largest gold mine. This move promises to have far-reaching implications, not only for the company itself but also for the nation’s economy and the international mining industry as a whole. Let’s delve into this groundbreaking development and explore the potential impact it may have on the future of Zimbabwe’s mining sector.

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Diamonds Economy International News

Unearthing Ancient Diamonds Unveils Secrets of Continental Drift

20, October, 202320, October, 2023

New insights into the processes of continental evolution and movement during the early stages of complex life on Earth have been revealed by the examination of ancient, superdeep diamonds that were excavated from mines in Brazil and Western Africa. An international team of experts examined these diamonds, which are believed to have originated on the base of the supercontinent Gondwana between 650 million and 450 million years ago. Their analysis has provided insight into the

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Gas International News Oil

Libya’s Ambitious Plans for a Southern Oil Refinery and Gas Pipeline

20, October, 202320, October, 2023

In a significant development aimed at bolstering Libya’s energy sector and fostering regional development, Deputy Chairman of the Presidential Council, Moussa Al-Koni, recently held a crucial meeting with the Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun. The meeting, held in the capital city, addressed several pivotal issues, including the possibility of establishing an oil refinery in the southern region of the country, enhancing fuel supply, and powering the Ubari

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