ANGOLA Mining News

Another large diamond dug from Lulo

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

Lucapa Diamond in trading halt ahead of acquisition of new project

The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.

Lucapa granted new five-year exploration licence for iconic Angola mine

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

Lucapa soars on record sales from Angola mine

The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.

Lucapa unearths 172.6-carat diamond, second big find in a week

Large-carat diamonds just keep coming.

Lucapa finds another massive diamond at Lulo, biggest pink yet

The 38.6-carat coloured stone is the largest “fancy” pink diamond recovered to date from Lulo.

Lucapa to invest $7 million upgrading Lulo diamond mine in Angola

The mine hosts type-2a diamonds which account for less than 1% of global supply.

This is the 68-carat diamond Lucapa just found at its Lulo mine in Angola

The 68.1-carat gem-quality diamond is one eight 'significant' rocks found from trial mining at a new area of the Lulo concession.

Lucapa finds 404 carat diamond in Angola

Australian company says extremely rare Type 2a D-colour stone is the biggest diamond ever found in Angola.

Alrosa’s biggest diamond mine goes underground

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Alrosa’s rough diamonds sales down 22% in first half of the year

The Russian company, hit by a sustained slowdown in the diamond market, said its rough diamond have declined by 6% in the first six months of the year.

Lucapa Diamond unearths 63.05-carat rock from Angola mine

It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.

Lucapa Diamond to begin mining at its Lulo project in Angola

In a first phase the miner plans to target high-grade diamond ore bodies, meeting a target of 14,000 bank cubic metres (bcm) per month.

Lucapa Diamond soars on 35-year mining licence for Lulo

The project could prove to be more valuable than the country’s biggest gem producer, Catoca,

Huge unknown mammal tracks found in African diamond mine

Researchers also found evidence of dinosaurs and large crocodiles dating to 118 million years ago.

This $2 million red diamond is the hero in Rio’s annual tender

In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.

De Beers changing its diamond sales model

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Diamond industry recovers place in miners’ hearts on climbing demand, prices

Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.

Diamond demand to climb 4.5% this year — De Beers

De Beers, the world's largest diamond miner by market value, is also bracing for a rough diamond demand rush.

Lucapa Diamond locks two-year license extensions for its Lulo mine in Angola

Lucapa Diamond has got a two-year extension for its Lulo Diamond concession in Angola, granted by said the country's Ministry of Geology and Mines.

De Beers returns to Angola with new exploration deal

De Beers' explored for diamonds in the Southern African nation between 2005 and 2012, but relinquished its concession after finding no economically viable project.

Diamond prices spike whet De Beers appetite for new markets

The diamond giant expects to secure exploration rights in Angola before the end of the year.

South Africa Grindrod to build copper railway in Zambia

It will connect the landlocked country's vast copper mines to the Atlantic coast.

Resource rich countries make up over 50% of the “extreme risk” jurisdictions to invest

Study also says that Myanmar is the country where the business environment improved the most last year.