Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Lucapa Sells Lulo Rough for $9M

Miner discovers first diamonds at Mothae asset.
Feb 12, 2018 3:57 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Lucapa Diamond Company garnered $9.1 million at its January rough sale, achieving an average price of $2,192 per carat. 

The miner sold 4,170 carats at the tender, its first of the year, it said in a recent statement. The diamonds are from the company’s Lulo alluvial mine in Angola.

Additionally, Lucapa has recovered its first stones — including a 6.6-carat diamond — from its Mothae project in Lesotho. Lucapa owns a 70% stake in Mothae, which it bought for $9 million in January 2017, two years after Lucara Diamond Corp. offloaded the mine. The Lesotho government holds the remaining 30%.

Lucapa is also carrying out exploration at the Brooking lamproite project in Western Australia.
Tags: Angola, Brooking, diamonds, lamproite, Lesotho, lucapa, Lucara Diamond Corporation, Lulo, Mothae, Rapaport News, Western Australia
Similar Articles
Hong Kong ShowSentiment Cautious as Hong Kong Show Starts
Sep 16, 2019
Expectations were low among diamantaires as the September Hong Kong...
Petra’s Loss Widens in Weak Market
De Beers Finds Buyer for Namibia Mine
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us