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Gem Diamonds (LON:GEMD) Trading 12.5% Higher

Gem Diamonds Limited (LON:GEMD – Get Free Report) shares traded up 12.5% on Wednesday . The stock traded as high as GBX 11 ($0.14) and last traded at GBX 10.15 ($0.13). 588,397 shares traded hands during mid-day trading, an increase of 359% from the average session volume of 128,160 shares. The stock had previously closed […]
United Kingdom South Africa British Virgin Islands Gem Diamonds Gem Diamonds Limited Get Free Report

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Labour unions in nasty fight

TWO trade unions representing workers at Polihali Dam construction site have turned on each other. Instead of fighting for better pay and conditions for members, the Construction, Mining, Quarrying and Allied Workers (CMQ) and the Lesotho Workers Association (LEWA) are locked in a nasty battle that could be linked to a fight over membership. CMQ […]
South Africa South African Robert Mokhahlane Hlalefang Seoaholimo Mpho Kanono Domino Blasting Services

Lucapa Q1 Results Down, Q2 Starts Promising

Lucapa, operating the Lulo mine in Angola and Mothae in Lesotho, reports Q1 results were down with revenues clocking at US$13.1m, down 28% y-o-y, and rough prices down 41%, from avg 1,350US$/ct to 798US$/ct. Lulo production focused on lower grade areas due to flooding, resulting in low grades in carats recovered, while Mothae production improved in terms of carats recovered but with a significantly lower frequency of exceptional, high value diamonds.
Lunda Norte Lucapa Diamond Company

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