ANGOLA Mining News

Angola's Endiama sees diamond output rising to 13.8m carats by 2022

Production in 2018 was 9.4 million carats.

Angola to hold first diamond auction

Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.

Angolan diamond production in historic competitive bid sale

Leading global diamantaires invited to purchase exceptional Angolan diamonds as part of new marketing policy

Argentina set to join global mining transparency initiative

The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.

Angola to host first competitive diamond bid sale

Seven exceptional Lulo diamonds, including a 46-carat pink and six top-colour Type IIa white gems, will be showcased.

Lucapa Diamond locks in Mothae mine funding

The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).

Lucapa secures $7m loan to boost Lesotho mine development

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

Almost 400,000 migrants left Angola in massive diamond crackdown

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

Lucapa introduces Lulo diamonds into Angola's new diamond marketing system

According to Lucapa, policy shifts in the southern African country allow management to plan for the sale of such high-value stones, something the company was not able to do before.

Anglo American asks Angola for permission to explore for metals

The move makes the company the first mining major to request exploration permits in the country since President João Lourenço vowed to open up the sector and encourage foreign investment.

Lucapa confident of lifting its diamond success rate in both Africa and Australia

Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.

Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

This time is a 114-carat white stone.

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

Lucapa digs up another large diamond, this time in Lesotho

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.

Lucapa gets another $2 million from Lulo diamonds sale

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.

Angola eases controls over diamond sector, to double output in four years

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

Lucapa on a roll, finds 25-carat yellow diamond in Lesotho mine

Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.

Lucapa finds yet another large diamond in Angola

The 46-carat pink diamond is the largest coloured gem-quality stone ever recovered at the company's Lulo project.

Lucapa fetches $1.7 million in diamond sales from Lulo

Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.

Angola offers former dos Santos diamond rights to investors

Angola is one of the world’s top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war.

Lucapa finds monster diamonds at Lulo, including largest coloured one

The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.

Alrosa buys stake in Angola's largest diamond deposit for $70 million

Deal provides the diamond giant with access to a production base outside Russia.

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

Lucapa finds another large diamond at its Lulo mine in Angola

It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.

World’s ‘most beautiful diamond’ to go under Christie's hammer

Discovered in February last year in eastern Angola, the 404.20-carat rough diamond was also the largest found so far in the southern African country.