RIO TINTO divests from Mozambican coal


Rio Tinto announced the sale of their coal mines in Tete Province, Mozambique, by 50 MUSD to Indian Coal Ventures Pty Limited (ICVL). The agreement includes the Benga coal mine and other active projects in the Tete Province and does not include other Rio Tinto assets in the country. Rio Tinto started their activities in Mozambique … Continue reading RIO TINTO divests from Mozambican coal

Angolan diamond June sales up 20% – Vendas de diamantes angolanos aumentam 20% em Junho


The sale of Angolan diamonds in June increased 20% (when compared to May), reaching 117 MUSD (780 thousand ct, 156 thousand more than in May). According to the Angolan Government (MGM – Geology and Mines Ministry), the positive variation is due to a 32% increase in the production of the Catoca kimberlite mine (partly owned … Continue reading Angolan diamond June sales up 20% – Vendas de diamantes angolanos aumentam 20% em Junho

Not just diamonds – Jequitinhonha river gold


The old Tejuco settlement in Minas Gerais of the then Portuguese colony of Brazil was the birthplace of the modern diamond industry in the first quarter of the XVIII century. Until then diamonds originated in India and other minor localities in the East. After that, predominance in the diamond production changed into the South Atlantic … Continue reading Not just diamonds – Jequitinhonha river gold

Diamond and mining legislation – Angola


Laws and regulations are as important as the mineral deposits characteristics for the success of a mineral venture. Some jurisdictions have new or just difficult to obtain regulations, at least for the outside investor; that is the case of diamond and mining laws in Angola. To make the investors’ life easier (in these difficult times), I … Continue reading Diamond and mining legislation – Angola

Zimbabwean diamonds in Brazil


Zimbabwean diamonds were in the news recently, with reports of their alluvial deposits – the base of their boom production in the last years – being close to exhaustion. These ones were photographed in Diamantina, Minas Gerais (Brazil), far from home. They are not the prettiest thing, certainly not like the famed Angolan alluvial diamonds … Continue reading Zimbabwean diamonds in Brazil

Conflict minerals – Kimberley Process, Dodd-Frank and OECD Guidelines


Diamonds – old news This is a controversial issue, first introduced into mainstream media and politics in the early years of this millenium and popularized with 2006 Hollywood’s “Blood diamond” movie. As a result of public outcry, the Kimberley Process was created to control international trade in rough diamonds (a PR exercise of damage control … Continue reading Conflict minerals – Kimberley Process, Dodd-Frank and OECD Guidelines