I cannot resist starting these round-ups with a diamond story… It is usually doom and gloom and that continues this week too. Sociedade Mineira de Catoca, the Angolan company which runs the worlds 4th largest diamond mine, Catoca, has cut production due to COVID-19. Advice from Alrosa (who own a share of Catoca) has suggested […]
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The Kangari African Review #3
As has been tradition, we start the week with Southern Africa and Diamonds….. Lucara Diamonds (TSX:LUC) reported a massive loss of $3.2 million for the first 3 months of year. Production was on target, but a depressed diamond market has hurt the bottom line for all diamond producers. With the on-going COVID-19 situation, the diamond […]
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