Diamond – Lucapa Diamond Company Ltd. (ASX:LOM) announced that preliminary aeromagnetic survey data has identified eight new kimberlite targets at its Angola-based Lulo diamond concession.
Iron – Bloomberg reported that Angola has enacted a mining law that cuts mining tax to 25% to attract more mining investments, according to Geology and Mines Minister Francisco Queiroz. Its government is also spending billions of dollars on projects which include the Cassinga iron ore mine which is projected to cost $900million.
Diamond – Bloomberg reported that the world’s biggest diamond producer, De Beers, said it is very confident that it will find a substantial gem deposit in a concession near Lucapa in the Lunda North province, in Angola.
Iron – Reuters reported Angola says it will start iron ore production within the next two to three years through a state-company partnership.
Diamond – Lonrho Mining Limited (ASX:LOM) announced it has started drilling at its 61 priority kimberlite targets at the Lulo diamond concession in Angola.
Diamond – Lonrho Mining Limited (ASX:LOM) announced it 131.4 carat diamond recovered at the Lulo Concession in Angola last month was valued at $US3.5 million.
Diamond – Bloomberg reported a diamond bigger than the Koh-i-Noor has been unearthed by Australia’s Lonrho Mining Ltd. (ASX:LOM) in Angola.
Diamond – Reuters reported Arkady Gaydamak is seeking hundreds of millions of dollars in unpaid commissions and dividends from former partner Lev Leviev in a London court.
Diamond – Bloomberg reported OAO Alrosa’s Catoca diamond mine in Angola produced about 550,000 carats a month in the first quarter.
Diamond – Bloomberg reported Angola said it will focus on new diamond mines on higher demand.
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