Angolan Mining Oil & Gas

The value of De Beers’ rough diamond sales for the eighth sales cycle of this year decreased to a provisional $200-million, as the diamond miner reduced its rough diamond availability in light of the industry’s midstream working to rebalance certain areas of stock accumulation. De Beers sold $508-million of rough diamonds during the eighth sales cycle of 2022 and $370-million of rough diamonds in the seventh sales cycles of this year. Sightholder and auction sales for

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Canadian diamond mining company Diamcor Mining, which owns and operates the Krone-Endora at Venetia mine, in South Africa’s Limpopo province, plans to complete a term loan financing of up to C$5-million. The proceeds will be used for general corporate purposes, the deployment of additional operational equipment to support increased processing volumes, the continued advancement of the work programmes currently under way at Krone-Endora and to provide the company with additional working capital to offset the timeframes associated with the

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HB Antwerp, a Belgian gem processor and trader, said that one of its founding members who was fired last month has been reinstated, amid a pending deal with Botswana for the supply of rough stones. Oded Mansori was reinstated as managing partner and director and all four of the company’s founding partners have moved past “internal differences of the last several weeks”, HB Antwerp said in a statement issued late on Monday. The three-year-old company said last month

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Diamond mining company Lucara Diamond today, October 2nd announced the resignation of CFO Zara Boldt and VP of technical services John Armstrong. Boldt will step down with effect from December 29, and Armstrong will resign on December 1. The company did not name successors for either Boldt or Armstrong. Lucara, which owns the Karowe mine in Botswana, in August reappointed William Lamb as CEO, when Eira Thomas resigned.

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