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ANGOLA

Big-carat diamonds save the day for Lucapa

Although 2020 was a rough year for the diamond sector as a whole on account of the pandemic, certain producers fared better than others by focusing their efforts on smaller deposits that nevertheless contained larger diamonds. [...] (471 words)

Issue dated 09/04/2021 Reading time 2 minutes

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Mining

Billionnaire Rostam Aziz buys himself chunk of Williamson Diamond Mine

After buying Tanzania's biggest coal mine in November, the powerful businessman Rostam Aziz has chosen diamonds for December. [...]

ANGOLA Mining 11/11/2021

Ex-deputy governor and construction moguls launch new diamond venture with Sociedade Mineira Kasoloka

The former deputy governor of the diamond province of Lunda Sul, Domingos Kajama, has set up a new mining company with the Matias family and a senior civil servant. [...]

ANGOLA Mining Business 08/07/2021

Lourenço entrusts agricultural megaproject to Frelimo-backing Gulamo family

Angola's state diamond company Endiama and RGS Holdings, run by the Gulamo family, close to Mozambican president Nyusi's party, are launching a massive agricultural development project in the Lundas provinces, the bastion of the country's diamond industry. [...]

ANGOLA Mining 01/07/2021

Australia's Lucapa struggles to repatriate cash from Lulo diamond sales

The firm, one of the few foreign investors producing diamonds in Angola, has been slow to receive revenues from operations at the Lulo site, known for its impressive gems and its abundance of prized pink diamonds. [...]

BOTSWANA Mining 22/06/2021

Dazzle of world's third largest diamond masks industry doldrums Free

Weighing in at a jaw-dropping 1,098 carats, the gemstone discovered by Debswana, a partnership between De Beers and Gaborone, made headlines the world over. But behind all the distracting sparkle, the business of diamonds is losing its shine. [...]

Botswana President Mokgweetsi Masisi, with the newly discovered 1000-carat diamond. © Tshekiso Tebalo/Xinhua News Agency/Newscom/MaxPPP

BOTSWANA Mining 20/04/2021

Diamond expert Timothy Lee's solo venture in gem evaluation

On 12 April, the company TL Diamond Valuation was registered in Gaborone by sole shareholder Timothy Lee. [...]

ANGOLA Mining 08/04/2021

Madrid willing to step in to plug gaps in Angola's geological map

The Planageo geological mapping programme, a key plank of Lourenço's mining reforms, suffered a setback at the start of this year after its Brazilian partner pulled out. Keen to bolster its relations with Angola, Spain is ready to step into the breach. [...]

ANGOLA Mining 18/03/2021

Uber-rich Kothari clan hitches its wagon to Lourenço's diamond sector reforms

The wealthy Indian Kothari family, which owns the KGK Group gemstone and jewellery company, is backing João Lourenço's shake-up of the diamond sector. By helping the president with his plan to make Angola more than a mere producer of stones, the Kotharis are counting on better access to the country's output. [...]

Vice-chairman of KGK Group Sanjay Kothari. © KGK Group

ANGOLA Mining 05/02/2021

Longonjo rare earths, the ace up Lourenço's sleeve

Spearheaded by the UK's Pensana Rare Earths, the Longonjo neodymium-praseodymium project is starting to take shape, with production scheduled to begin in 2022. President João Lourenço has high hopes for this project, which he believes could become a flagship achievement of his mining reforms. [...]

Sampling at the Longonjo Rare Earths Mine Project. © Pensana Rare Earths

Spotlight

UNITED ARAB EMIRATES ANGOLA Mining 11/12/2020

Dubai vies to keep grip on Angolan diamonds

The Dubai Diamond Exchange currently handles 90% of diamonds produced in Angola, and it wants things to stay that way. It is taking steps it hopes will prevent Luanda's mining sector reforms from reducing its market share. [...]

ANGOLA Mining 11/05/2020

The dos Santos diamonds era ends in Maua

President João Lourenço has revoked the mining permit for the Maua diamond site that had been run since 2013 by firms owned, according to the Luanda Leaks, by his predecessor's daughter, Isabel dos Santos. The decision comes amid a wave of changes to the mining industry driven by the head of state. [...]

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ANGOLA
Celso Rosas
Covid-19
De Beers
Endiama
Gem Diamonds
José Eduardo dos Santos
José Filomeno "Zenu" dos Santos
Lucapa Diamond Company
MPLA
Petra Diamonds
Rosas & Pétalas
Sociedade Mineira do Lulo
Stephen Wetherall

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