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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
Lulo parcel
Lucapa Seals Deal to Defer Loan Repayments
Lucapa Diamond Company, owner of the Lulo mine in Angola and Mothae in Lesotho, has restructured its debt, allowing it more freedom to focus on navigating the weak diamond market. “The refinancing arrangements will give Lucapa...
Mining Aug 16, 2020 Rapaport News
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
Angola
Angola Plans Trading Hub to Support Sales
Angola plans to create a diamond hub and exchange to help streamline sales and marketing of the rough the country produces.The hub will include an Angolan Diamond Bourse (ADB), a gemological academy and a technological research center....
Rough Markets Jun 09, 2020 Rapaport News
Lulo.
Lucapa Raises $3.6M for Lulo Kimberlite Hunt
Lucapa Diamond Company has completed a sale of new shares that successfully raised AUD 5.25 million ($3.6 million) to fund its search for the kimberlite source of its high-value alluvial stones.The proceeds of the rights...
Mining Jun 03, 2020 Rapaport News
Lucapa Unearths 171ct. Rough at Lulo
Lucapa Unearths 171ct. Rough at Lulo
Lucapa Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 15th over 100 carats from Lulo to date, and the second in that size category...
Mining May 11, 2020 Rapaport News
Lucapa rough parcel 150
Lucapa to Restart Lulo Operations
Lucapa Diamond Company will resume partial operations at its Lulo mine in Angola after the government relaxed the lockdown rules for essential sectors.From this week, the company will limit work to two shifts...
Mining May 03, 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 Reduces Lulo Operations
Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government lockdown on the country.The shutdown, currently in force until April 11, excludes the mining industry, though authorities...
Mining Apr 02, 2020 Rpapapot News
Lucapa
Lucapa Nets First Funds from Graff Partnership
Lucapa Diamond Company has garnered $4 million in revenue from the first share of proceeds through its manufacturing partnership with Graff unit Safdico, it said Tuesday.Under the partnership, which Lucapa announced in January, Safdico has...
Mining Mar 24, 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 Lulo rough 150
Lulo Mine’s Resource Estimate Climbs
Diamond resources at Lucapa Diamond Company’s Lulo alluvial mine in Angola are 25% higher than it originally estimated, according to an independent valuation.Lulo has 100,700 carats remaining in the mine, a December 2019 study by external consulting company...
Mining Mar 16, 2020 Rapaport News
Lucapa
Lucapa Closing In On Diamond Source
Lucapa Diamond Company is coming closer to finding the kimberlite source of its high-quality alluvial diamonds, the miner said Wednesday.The company will drill seven new kimberlites located just upstream of the high-value portion of its...
Mining Feb 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 Unearths 117ct. Rough at Lulo Mine
Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 14th over 100 carats from Lulo to date, and its first in that size category...
Mining Jan 09, 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 Lulo 150
Lucapa Eyes Increased Share in Lulo
Lucapa Diamond Corporation is in advanced discussions withthe Angolan government to secure a majority stake in its Lulo exploration project, it saidThursday. The company currently owns 39% of the 3,000-square-kilometerproject, which is based in the Lunda Norte region. State-ownedEndiama...
Mining Nov 28, 2019 Rapaport News
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