Reuters reported that according to a study put out by Eaglestone, an investment bank, Angola’s diamond industry has “huge” growth potential, but will be unable to tap into it if the country does not make geological data more accessible. It would also benefit from developing “transport links and services for mining companies.”
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African News reported that Mozambique hopes to use Angolan knowledge to help determine where — and how many — diamonds are located in Mozambique.
Lucapa Diamond Company Ltd. (ASX:LOM) announced that preliminary aeromagnetic survey data has identified eight new kimberlite targets at its Angola-based Lulo diamond concession.
Russia Beyond the Headlines reported that diamond producer ALROSA (MCX:ALRS) is considering resuming operations in Zimbabwe and Botswana after halting activity in Africa during 2009. It is also in talks with the Angolan government.
Bloomberg reported that the world’s biggest diamond producer, De Beers, said it is very confident that it will find a substantial gem deposit in a concession near Lucapa in the Lunda North province, in Angola.
Lonrho Mining Limited (ASX:LOM) announced it has started drilling at its 61 priority kimberlite targets at the Lulo diamond concession in Angola.
Lonrho Mining Limited (ASX:LOM) announced it 131.4 carat diamond recovered at the Lulo Concession in Angola last month was valued at $US3.5 million.
Bloomberg reported a diamond bigger than the Koh-i-Noor has been unearthed by Australia’s Lonrho Mining Ltd. (ASX:LOM) in Angola.
Bloomberg reported Arkady Gaydamak lost his London lawsuit today against Africa-Israel Investments Ltd. Chairman Lev Leviev over an Angolan diamond business.
Reuters reported Arkady Gaydamak is seeking hundreds of millions of dollars in unpaid commissions and dividends from former partner Lev Leviev in a London court.