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Tag: Polished Diamonds

Lucapa receives A$5m dividend from Angolan subsidiary

ASX-listed Lucapa has reported a healthy performance from by its 40%-owned subsidiary Sociedade Mineira Do Lulo (SML), which operates the Lulo alluvial mine, in Angola, with Lucapa receiving a A$5-million net dividend payment for the six months ended June 30. The company posted multiple records from both the Lulo mine
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BlueRock sold six diamonds for more than $50 000 each at August tender

Aim-listed BlueRock Diamonds, which operates the Kareevlei mine, in South Africa’s Northern Cape province, sold six diamonds for more than $50 000 each in August. “We are pleased with the results of the August tender, in which we sold a record six high-value stones, bringing the average 2022 price of
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De Beers reports steady demand for rough diamonds in latest sales cycle

Diamond miner De Beers’ rough diamond sales for its seventh sales cycle this year amounted to $630-million. Sales were slightly lower than the $638-million of diamonds sold in the sixth sales cycle.
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Newfield finds funding for Sierra Leone mine

ASX-listed Newfield Resources has secured a A$55-million funding facility to advance its Tongo diamond mine, in Sierra Leone, towards commercial production. The company on Wednesday said that the funding facility would provide Newfield with access to committed capital, allowing flexibility on the timing of any potential capital raise, but would
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Diamcor focused on managing costs as first-quarter net loss widens

Junior mining and exploration company Diamcor Mining says in its management discussion and analysis for the quarter ended June 30 that, while progress continues to be made globally to reduce the impacts of the Covid-19 global pandemic, its focus during the period continued to be on managing costs and supply
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Steinmetz seeks to repair reputation with Swiss bribery appeal

Israeli mining billionaire Beny Steinmetz will begin his battle this week to overturn his bribery conviction and repair a reputation tarnished by a landmark Swiss ruling that focused on an industry dogged by allegations of graft. Steinmetz, who built his fortune as a diamond trader, will return to Geneva for
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