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Lucapa Mothae 150
Lucapa to Sell Mothae Rough Privately
Lucapa Diamond Company will sell rough from its Mothae mine in Lesotho directly to diamantaires through private partnerships, allowing it to secure higher prices for its production, it said Wednesday.The new sales channel was approved...
Mining Sep 09, 2020 Leah Meirovich
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
Lucapa
Lucapa Revenue Plummets in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the average price and carats sold fell sharply due to the coronavirus pandemic.Revenue slid 80% year on year...
Mining Jul 13, 2020 Rapaport News
Lucapa
Lucapa Revenue Drops in First Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine fell in the first quarter, with a sharp decline in the average price achieved.Revenue slid 36% year on year to $7.8 million, the company said Monday. Although...
Mining Apr 27, 2020 Rapaport News
Lucapa
Lucapa Extends Shutdown at Lesotho Mine
Lucapa Diamond Company has put its Mothae mine in Lesotho on care and maintenance until the global market recovers.The miner temporarily closed the asset last month after the government placed the country...
Mining Apr 20, 2020 Rapaport News
Lucapa
Lucapa Inks Polishing Partnership for Mothae
Lucapa Diamond Company has created a partnership with a high-end diamantaire to cut and polish a portion of rough from the Mothae mine in Lesotho.The miner sought the deal after coronavirus lockdowns halted sales of its diamonds...
Mining Apr 16, 2020 Rapaport News
Lucapa
Lucapa Finds 64ct. Diamond at Mothae
Lucapa Diamond Company has recovered a 64-carat, high-quality stone from its Mothae mine in Lesotho, it said Wednesday.The D-color, type IIa diamond is the 12th over 50 carats the miner has unearthed since reaching commercial...
Mining Mar 19, 2020 Rapaport News
Lucapa
Graff Unit Signs Polishing Deal with Lucapa
Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.Safdico will have the rights to buy up to 60% of Lulo’s annual rough production...
Mining Jan 29, 2020 Rapaport News
Lucapa
Lucapa Production Continues to Grow
Output at Lucapa Diamond Company hit a record in the fourth quarter, leading to its strongest annual production, the miner said Monday.Production for the three months ending December 31 increased 72% year on year to 14,007 carats...
Mining Jan 07, 2020 Rapaport News
Lucapa Tender
Lucapa Tender Yields over $6M
Lucapa Diamond Company earned $6.4 million from its last rough sale of 2019, bringing its total for the year to $55 million.The miner sold 3,274 carats from its Lulo mine in Angola for...
Mining Jan 06, 2020 Rapaport News
Lucapa 220 diamond 150
Mothae Yields Two Diamonds over 100ct.
Lucapa Diamond Company has unearthed two rough diamondsweighing more than 100 carats from its Mothae mine in Lesotho. The 220- and 127-carat stones, which are low-quality diamonds, werefound during the treatment...
Mining Nov 20, 2019 Rapaport News
Lucapa
Higher-Grade Ore Boosts Lucapa Production
Lucapa Diamond Company’s output rose in the third quarter,as the miner fully transitioned to the higher-grade portions of it Mothae andLulo deposits. The miner recovered 7,007 carats from its Mothae mine inLesotho during the...
Mining Oct 28, 2019 Rapaport News
Lucapa
Lucapa Sells $6.2M of Rough Stones
Lucapa Diamond Company garnered $6.2 million at a tender ofrough stones from its Lulo and Mothae mines, bringing the total to $35.5million for the year to date. The miner sold 3,558 carats from its...
Mining Aug 08, 2019 Rapaport News
Lucapa
Lucapa Recovers 64ct. Rough at Mothae
Development work at the Mothae mine in Lesotho has paid off for Lucapa Diamond Company, with the discovery of a 64-carat rough, the highest-quality diamond found at thedeposit to date. The miner recovered the D-color, type...
Mining Aug 06, 2019 Rapaport News
Lucapa replacement pic 150
Lulo Revenue Up in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine doubled to $10 million in the second quarter, reflecting higher volumes and an increase in the average price, the company said Monday.Sales volume surged 63% to 5,573...
Mining Jul 16, 2019 Rapaport News
Lucapa
Lulo Rough Fetches $10M at Tender
Lucapa Diamond Company garnered $10 million at its secondrough sale of 2019, achieving an average price of $1,800 per carat. The miner sold 5,573 carats at the tender, it said Monday.The diamonds are from the company’s...
Mining Jun 03, 2019 Rapaport News
Lucapa tender
Lucapa’s Mothae Stones Fetch $3.5M
Lucapa Diamond Company garnered $3.5 million at the secondtender of diamonds from its Mothae mine in Lesotho, with stones selling for upto $26,000 per carat, it said Wednesday. The miner sold 7,008 carats of rough...
Mining May 29, 2019 Rapaport News
Lucapa
Lucapa Mine Yields Its Largest Diamond
Lucapa Diamond Company has unearthed a 126-carat,gem-quality rough from its Mothae mine in Lesotho, it said Thursday. The stone is the largest recovered from the deposit sincecommercial production began in January, and the first diamond...
Mining May 23, 2019 Rapaport News
Lucapa
Lucapa Refinances to Strengthen Mothae Business
Lucapa Diamond Company hassigned a new refinancing agreement that will allow it to reduce its debts and further develop its Mothae mine in Lesotho. New Azilian will give theminer a one-year loan of $7 million, some of which...
Mining Apr 04, 2019 Rapaport News
Lucapa diamond montage
Mothae Diamond Fetches $37K/ct.
Lucapa Diamond Company garnered $3.8 million from the saleof rough stones from its Mothae mine in Lesotho, with one stone going for $36,664 per carat. The miner sold 5,411 carats at tender...
Mining Feb 28, 2019 Rapaport News
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