martes, 3 de julio de 2018

Angola eases controls over diamond sector

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Diamond News Digest
Wednesday 4 July 2018
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Country plans to double its diamond production to 14 million carats in the next four years.

Australia's Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program.

Company says that changes made to the crushing circuit will positively impact the plant's performance,

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

U-S-A!

Lucapa has a 35-year license for Lulo, which early last year bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater's mining sites.

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

No surprise who the winner is.

Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.

The Central African Republic (CAR) was banned from exporting diamonds in 2013 after rebels seized power.

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

 Irresponsible jade extraction has led to extensive human suffering and environmental degradation in Myanmar's conflict-affected Kachin state.

ALROSA, the world's largest diamond mining company, offers fans to choose a "football" name for large rough diamond weighing 76.53 carats.

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