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Pearl Necklace
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Friday, June 16, 2017
Sociedade Mineira do Lulo (SML), owned by Lucapa by 40% and set up in May, as a license holder to alluvial diamond mining on the project Lulo (Lulo) in Angola, has sold three batches of alluvial diamonds project a total weight of 7837 carats in the third quarter.
In the third quarter of last year Lucapa was able to realize a 5548 carats.
The cost of the stones was $ 10.3 million versus $ 716,551 in the same period last year.
At the end of the third quarter, the cash position of SML was $ 6.7 million, and diamond stocks - 2286 carats, noted in Lucapa.
In the reporting quarter, production at Lulo was 8853 carats.
Among these diamonds were 137 and special stones weighing 3,210 carats.
At the same time, Lucapa are received the first profit of $ 3.3 million in the first half, which ended in June.
On September 30 the company's balance sheet amounted to $ 7 million.
Lucapa are also advised that it is awaiting the results of prospecting work carried out in the region Orapa (Orapa) in Botswana.
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Montepuez Ruby Mining condemned the unfair competition from illegal miners in Mozambique ruby.
ReplyDeleteChairman of Asghar Fakir (Asghar Fakir), as quoted by the newspaper Noticias, said that, while there has been a slight decline in the illegal mining, the problem in Namanhumbir (Namanhumbir) near Montepuez (Montepuez) is stored.
"This phenomenon is not yet fully under control - he said -. There are aliens who abduct resources of the country without paying taxes annually from Namanhumbir rubies lost approximately $ 250 million.".
CEO of Montepuez Ruby Mining Machinery Saul (Saul Machine) said that the official Maputo should put an end to illegal mining.
"The state is losing a lot of money because of tax evasion This money should help to develop the country and to ensure the construction of public infrastructure, schools and so on.", - he said.
Last year Montepuez paid taxes by $ 7 million.
In February 2012, the company acquired a license for exploration and extraction of validity of 25 years, which covers an area of 33 600 hectares. At mine company, extraction is conducted in which the open manner is processed 100 tonnes per hour.