Alrosa Produces 550,000 Carats at Catoca Diamond Mine
Bloomberg reported OAO Alrosa’s Catoca diamond mine in Angola produced about 550,000 carats a month in the first quarter.
Articles Tagged "angola"
Angola to Focus on New Diamond Mines on Higher Prices
Bloomberg reported Angola said it will focus on new diamond mines on higher demand.
China Demand For Diamonds to Support Angloan Miners
Bloomberg reported an expected increased demand for diamonds from China will keep miners in Angola in business in 2012.
Production and Investment Forecasts of Angola’s Mining Industry
Companiesandmarkets.com reported the Angolan mining industry generated $1.1 billion in export. As quoted in the press release, The diamond mining sector is the single largest sector in Angola’s mining industry. It accounted for 95 per cent of the country’s mineral export receipts. Angola’s diamond production rose sharply between 2000 and 2010 following the end of [...]
Metalex Says May Have Found Source of Major Angolan Gem Field
Mining Weekly reported Metalex Ventures (CVE:MTX) said it found a kimberlitic rock in Angola that could be the source of nearby gems.
Angola Boosts Security at Border With Congo to help Protect Diamond Fields
Bloomberg reports Angola is working to boost border security in the diamond-rich Lunda Norte province.
Diamond Sparkles: Juniors Jump
The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Angola has deported thousands of Illegal Diamond Miners
Angola’s law enforcement authorities have deported since the beginning of 2009 more than 6,000 foreign nationals who were caught illegally digging for diamonds in the African country’s northeastern region of Lunda Norte. For full story, click here
Will Angola diamonds glitter again?
The Angolan diamond trade has a complex history encompassing cold war interests and rampant corruption. Diamond mining in Angola is a pivotal issue because its level of success will determine the country’s future. For full story, click here
Angola’s diamond sector is regaining lustre
Angola’s diamond sector is slowly recovering but gem prices still need to surge by around 15 percent this year to enable companies reinvest in it. For full story, click here
