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Lucapa
Lucapa Tender Yields $10M
Lucapa Diamond Company earned $10.4 million fromits latest sale of rough stones, bringing its total for the year to date to$45.9 million. The miner sold 5,469 carats from its Lulo mine inAngola...
Mining Oct 16, 2019 Rapaport News
Letseng diamonds
Lesotho Renews Letšeng Lease
Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Letšeng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also...
Mining Oct 06, 2019 Rapaport News
Firestone
Small-Stone Slump Hits Firestone Revenue
Firestone Diamonds saw a decline in sales during its fiscal fourth quarter due to a drop in demand for small, lower-value diamonds that make up the bulk of its supply. The company reported sales of $12.7 million for...
Mining Jul 29, 2019 Rapaport News
Firestone
Firestone Finds Its Biggest Fancy Yellow
Firestone Diamonds has recovered a 54-carat, intense-fancy-yellowrough diamond at its Liqhobong mine in Lesotho, it reported Monday. The sawable stone, the largest of its color Firestone has unearthed, will go on sale at the company’s nexttender, which is due...
Mining Jul 08, 2019 Rapaport News
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 2019 Rapaport News
Firestone Liqhobong
Firestone Gets Bank Waiver After Prices Slide
ABSA Bank has granted Firestone Diamonds a waiver after adrop in small-diamond prices put the miner at risk of breaching its loan covenants. The terms of Firestone’s $82.4 million loan from ABSA included assumptions about...
Mining Jul 02, 2019 Rapaport News
Mazvi Maharasoa
Ex-Letšeng CEO Joins Gem Diamonds Board
Gem Diamonds has appointed Mazvi Maharasoa, the former head of itsLetšeng mining operation in Lesotho, as a non-executive director for the group,it reported Monday. Maharasoa has more than 20 years of senior-management experience,including at Letšeng Diamonds, where...
Mining Jul 01, 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
Firestone Diamonds
Rainy Season Dampens Firestone Output
Output at Firestone Diamonds slipped in the third fiscal quarteras the company processed ore from a lower-grade portion of the mine. Production dropped 19% to 155,206 carats at the company’sLiqhobong mine in Lesotho in the three months ending...
Mining Apr 29, 2019 Rapaport News
Firestone 72 carat yellow 150
Firestone Diamonds Recovers 72ct. Yellow
Firestone Diamonds has unearthed a 72-carat rough yellowstone from its Liqhobong mine in Lesotho, along with two other largegem-quality diamonds. The miner also found a white stone weighing 22 carats and an11-carat, fancy-light-pink diamond,...
Mining Apr 08, 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
Gem Diamonds
Letšeng Mine Yields 134ct. Yellow
Gem Diamonds has unearthed a 134-carat yellow, the second significant colored diamond it has found this year. It discovered the high-quality, type I stone on March 31 at its Letšengmine in Lesotho, the company said Sunday. The last...
Mining Apr 01, 2019 Rapaport News
Firestone
Firestone Loss Narrows as Sales Rise
Firestone Diamonds decreased its net loss in the first fiscalhalf, as sales grew despite weak prices,the miner said Thursday. The company reported a loss of $6.6 million fromits Liqhobong mine in Lesotho for the six...
Mining Mar 31, 2019 Rapaport News
Gahcho Kué
Analysts Expect Flat Rough Prices in 2019
Rough-diamond prices will remain sluggish this year as themarket challenges that arose in the second half of last year are set to continue,two investment banks have warned.Prices are likely to drop 1% to 2% in the first half of2019,...
Rough Markets Mar 28, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 161ct. Rough
Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Letšeng mine in Lesotho, the...
Mining Mar 24, 2019 Rapaport News
Gem Diamonds
Gem Diamonds’ Letšeng Mine Yields 13ct. Pink
Gem Diamonds has recovered a high-quality, 13.33-carat pinkdiamond in Lesotho. The type I diamond was unearthed earlier this month at its Letšeng mine, and isthe first stone above 10.8 carats the company has reported...
Mining Feb 20, 2019 Rapaport News
Firestone
Firestone Recovers 70ct. Rough
Firestone Diamonds has unearthed a 70-carat white rough stone fromits Liqhobong mine in Lesotho. “The 70-carat stone was recovered in the northern, low-gradepart of the pit, where the bulk of our mining will take place...
Mining Feb 12, 2019 Rapaport News
Firestone
Firestone Revenue Rises in Second Quarter
Sales grew at Firestone Diamonds in the second fiscal quarter as stronger volumes outweighed a lower average price, the miner reported Monday. Proceeds from rough sales at the company’s Liqhobong mine inLesotho increased 11% year...
Mining Feb 04, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Signs Off 2018 with 125ct. Find
Gem Diamonds has recovered a 125-carat diamond at its Letšengmine in Lesotho, bringing the company’s annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two...
Mining Jan 01, 2019 Rapaport News
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