De Beers’ Namdeb offloads Elizabeth Bay Mine to local consortium

Namdeb, a joint venture between the government of Namibia and De Beers, has sold its Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor Group, a 100% Namibian-owned consortium.

13 september 2019

Angola delays public auction of mineral concessions to accommodate New York roadshow

Angola has slightly delayed the public bidding process for five minerals concessions currently underway to accommodate a new roadshow in New York, according to the country’s ministry of mineral resources and petroleum.

13 september 2019

Forevermark presents ‘Artemis Collection’ at New York Fashion Week

Forevermark presented exquisite new designs from the Forevermark Artemis Collection in collaboration with celebrated fashion designer Bibhu Mohapatra in association with PMJ Jewels.

13 september 2019

DMCC COO welcomes Angolan Minister of Mineral Resources to DMCC

Feryal Ahmed, Chief Operating Officer, DMCC, hosted HE Diamantino Azevedo, the Angolan Minister of Mineral Resources and Oil, and a senior delegation from the Angolan Government at Almas Tower.

13 september 2019

Stornoway Granted Initial CCAA Order

Stornoway Diamond Corporation (TSX-SWY; the “Corporation” or “Stornoway”) announced that the Corporation and its subsidiaries Stornoway Diamonds (Canada) Inc. (“SDCI”), Ashton Mining of Canada Inc. (“Ashton”) and FCDC...

13 september 2019

Alrosa Seeking Evidence of $10M Embezzled from Catoca Mine

22 may 2019

(thediamondloupe.com) - Russian diamond miner Alrosa believes that the former and current management of Angolan diamond mine Catoca - in which Alrosa holds a 41% stake - is responsible for secreting away nearly $10 million, and will call upon a U.S. court to obtain discovery of evidence. According to Africa Mining Intelligence, the Russian firm has turned to New York court magistrate Judge Paul Gardephe in the hope of gaining access to documents that would prove that Catoca transferred millions of dollars into shell companies scattered around the world - from Hong Kong to the Bahamas, Cyprus, the UK and US.