Angolan Mining Oil & Gas

Alrosa has recovered a 390.7-carat diamond from its Mayat mine in Yakutia, the largest gem-quality rough discovered in Russia in 10 years. The stone is irregularly shaped, bears a light color, and is bordered by a yellow-brown halo, the company said Sunday. The miner found the diamond during the night-washing of rough from the Ebelyakh portion of the deposit, along with a colorless diamond with a traditional octahedron shape weighing 37.7 carats. In 2013, Alrosa

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Last week, NUM said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. Anglo American’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond mine, the company said on Friday. On Tuesday, NUM, South Africa’s biggest mineworkers’ union, said it was planning a strike at

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South Africa’s National Union of Mineworkers (NUM) on last week said it was planning to strike at De Beers’ Venetia mine after wage talks broke down, potentially disrupting operations at the diamond giant’s new $2.3 billion underground facility. NUM, South Africa’s biggest mineworker union, said its members were demanding a 9% wage hike, but Anglo American Plc unit De Beers was offering a 6% increase. “The NUM can confirm that the four-month wage negotiations with

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Five dealers in New York’s Diamond District have been arrested and charged with illegally transferring more than $600 million since 2019, according to the US Department of Justice (DOJ). Raj Vaidya, Rakesh Vaidya, Shrey Vaidya and Neel Patel have operated “numerous purported diamond, gold and jewelry companies” in New York’s Diamond District, the DOJ said in a statement Last week. Those include Arya Diamond Jewellery which trades as Karats and Carats as well as Diamspark

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