Sweden’s IGE Resources sells diamonds mined in Luxinge, Angola

26 August 2010

Stockholm, Sweden, 26 Aug – Swedish mining company IGE Resources said Wednesday in Stockholm it had sold its first diamonds from the Luxinge mine in Angola.

According to a statement published on the company’s website, IGE Resources sold 6,045 metric carats of rough diamonds in Luanda at an average price of US$80 per metric carat.

The sale was made by SML, in which the Swedish company has a stake of 42 percent and operational control, with the remainder of the company in the hands of state diamond company Empresa de Diamantes de Angola (Endiama), with 18 percent and Angolan-owned companies Compensa Angola, Sheffield, Syntechron and Tríade with 10 percent each.

IGE Resources also said that SML was organising a second sale of diamonds for September. (macauhub)