RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Lucapa’s Mothae Mine Exceeds Expectations

Mine’s recovery grade more than double initial resource forecasts.
Jan 22, 2019 7:27 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
The Mothae mine in Lesotho is performing better than expected since reaching commercial production in the fourth quarter.

The asset is producing 3.94 carats per 100 tonnes, compared to the initial resource guidance of 1.92 carats per 100 tonnes, the owner, Lucapa Diamond Company, said last week.

Lucapa commenced the commissioning phase during the fourth quarter ending December 31, and recovered 3,089 carats of rough from the southeast portion of the mine during the period. Six special-size stones — weighing over 10.8 carats — were unearthed, including two D-color white diamonds weighing 78 and 38 carats.

Initial sales of output from Mothae’s bulk-sampling phase yielded individual sale prices of up to $15,000 per carat. Lucapa will sell fourth-quarter production at tender in Antwerp early this year.

Image: The 38-carat special recovered at Mothae. (Lucapa)
Tags: lucapa, Lucapa Diamond Company, Mothae, Mothae Mine, Rapaport News
Similar Articles
John McCulloughJames Avery Picks Non-Family Member as CEO
Sep 10, 2019
James Avery Artisan Jewelry has named John McCullough as CEO—...
Rio Tinto Unveils Array of Rare Argyle Pinks
Alrosa Consolidating Key Mining Division
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