De acordo com notícias publicadas há minutos, Isabel dos Santos, filha do ex-Presidente de Angola, foi exonerada da Presidência da SONANGOL. Isabel dos Santos é substituída no cargo por Carlos Saturnino, que ocupava o lugar de Secretário de Estado dos Petróleos no Governo Angolano. http://expresso.sapo.pt/economia/2017-11-15-Isabel-dos-Santos-exonerada-da-Sonangol https://eco.pt/2017/11/15/isabel-dos-santos-exonerada-da-sonangol-por-joao-lourenco
One decade of ups and downs in rough and cut diamonds
The last two decades have been a carrousel of emotions in the mining industry: Oil and gold prices had steadily been growing since 2001. Oil spiked to maximum historical values in 2008 (and then crashed, to climb again for 3 consecutive years, plateau for 4 years, until mid 2014, crashing again, reaching nominal values of … Continue reading One decade of ups and downs in rough and cut diamonds
Oil and metals: Goliath and David
Another excellent infographic published by Visual Capitalist (a few weeks ago). They left diamonds out of the picture, a pity. They included graphite, diamond’s darker and duller brother, though; curiously enough, both markets are very similar in value (diamond production marginally smaller, at close to $14B). Courtesy of: Visual Capitalist
350 Angolan kwanza (AOA) for one dollar (USD) is now the informal rate
With plummeting oil prices and an oil based economy, the Angolan currency has further lost its value, now with a street value of 350 kwanza (AOA) for one dollar (USD). The informal (street) value is now half of the official rate (itself well bellow last year’s value). The challenges for the Angolan Government are always … Continue reading 350 Angolan kwanza (AOA) for one dollar (USD) is now the informal rate
Angolan currency looses value (- 37%) in the last year
The Angolan currency (Kwanza- Kz) lost 37% of its value (in USD) as a result of last year’s crude oil price crash. A carbon-dependent economy (with oil and diamonds being, by far, the country’s largest exports), Angola was hard hit by the evolution of oil prices in the international markets. One USD was worth Kz … Continue reading Angolan currency looses value (- 37%) in the last year
Mineral commodities 2013 total mined volumes and values, average prices
Diamonds mined in 2013 total 14 bn USD. How do they compare with other mineral commodities? Rather than using somebody else’s compilations, I prefer to check values published by (commodity) specialised international organisations or public companies (OPEC, World Gold Council, KPCS, USGS, etc.). After some work, I have arrived to the estimates presented in the table … Continue reading Mineral commodities 2013 total mined volumes and values, average prices
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