Next Catoca and Luele sales will see lower availability in those sizes, Endiama says.
Category: Mining
Mining executive is retiring after almost three years at company’s helm.
Restructuring of trading department reflects ongoing market crisis.
Dubai-based Gaston International, which Dev Shetty founded, buys Lulo deposit and all other assets.
Lower-grade ore also hindered earnings, as miner had less supply to sell in second quarter.
Angolan exploration area is part of company’s joint venture with state-owned diamond miner Endiama.
Miner sold Seriti diamond in second quarter for an initial value of $12 million.
Hit comes amid lower overall prices and fewer goods on offer.
Sales up 8% year on year for January-to-June period.
Misery pit due to close in 2027, Point Lake in 2030, and Fox site will continue for 15 years.
Miner reports deficit of $245 million for first half.