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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
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 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
Mothae diamonds 150
High-Quality Rough Lifts Lucapa Profit
Lucapa Diamond Company returned to profit in the first half,amid an increase in sales and a higher average price, the company said Tuesday. The miner recorded a net profit of $1.1 million in the sixmonths ending June 30,...
Mining Sep 03, 2019 Rapaport News
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 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
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 Lulo 4th February stone 150
Lucapa Closes In on Diamond ‘Mother Lode’
Lucapa Diamond Company aims to pinpoint a huge source of rough diamonds at its Lulo mine in Angola within the next two years. The Australia-based miner has found high-quality stones at its alluvial deposit, including the...
Mining May 27, 2019 Rapaport News
Lucapa’s Lulo Production Drops in 1Q
Output at Lucapa Diamond Company’s Lulo mine in Angola fellin the first quarter, as it focused on processing ore from lower-grade miningareas. Production declined 25% to 3,369 carats, compared with 4,507carats the previous year, the miner...
Mining Apr 15, 2019 Rapaport News
Lulo Resource Estimate Nearly Doubles
Diamond resources at Lucapa Diamond Company’s Lulo alluvial mine in Lesotho are90% higher than it originally estimated, according to an independent valuation. Lulo has 80,400 carats remaining in the mine, according to a December 2018 study by external consulting...
Mining Mar 25, 2019 Rapaport News
Lucapa Moves into Diamond Manufacturing
Lucapa Diamond Company plans to cut and polish select stonesin-house in an effort to maximize value for its shareholders.Third-party manufacturers charge high fees without adding significant value, explained CEO Stephen Wetherall in a recent interview. Bypassing...
Mining Feb 24, 2019 Leah Meirovich
Lucapa Recovers 128ct. Rough
Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit’s Mining Block6 region, is the miner’s...
Mining Feb 19, 2019 Rapaport News
Lucapa extension
Lucapa Finds New Source at Lulo Mine
Lucapa Diamond Company hasextracted 1,502 carats of rough during testing at a new alluvial diamond sourceadjacent to its Lulo mine in Angola. The yield included 17 stonesweighing more than 10.8 carats each, as well as a 55.30-carat, D-color, typeIIa...
Mining Nov 05, 2018 Rapaport News
Tango alluvial mining
Tango Takes On Two New Mines
Tango Mining has expanded its portfolio with the acquisitionof a Liberian mine, as well as signing an agreement to finance an alluvialproject in Angola. The miner has bought an 80% share in the Mano River Projectin Liberia from West...
Mining Sep 13, 2018 Rapaport News
Lucapa 150
Lucapa Sells $2M of Rough from Lulo Mine
Lucapa Diamond Company garnered $2 million at its July saleof diamonds from the Lulo mine in Angola, it said Tuesday. The miner sold 2,527 carats of alluvial rough at the tender,fetching an average price of $800 per carat....
Mining Jul 25, 2018 Rapaport News
Lucapa Continues Big-Diamond Streak
Lucapa Diamond Company has found a 114-carat stone at its Lulo mine in Angola, it said Wednesday. The diamond, which it recovered from Lulo’s alluvialmining block 6, is the 11th over 100 carats the company has unearthed,...
Mining Jul 11, 2018 Rapaport News
Lucapa 150
Sales and Output Rise at Lucapa
Lucapa Diamond Company’s sales from its Lulo mine rose 6%year on year to $5 million in the second quarter, it said Thursday. The average price of rough diamonds from the Angola assetjumped 56% to $1,479 per carat...
Mining Jul 05, 2018 Rapaport News
Lucapa 150
Lucapa Rough Sale Yields $2M
Lucapa Diamond Company brought in $2 million from a sale ofrough diamonds originating at its Lulo mine in Angola, it said Monday. The miner sold 1,782 carats for an average price of $1,150per carat. The sale did not...
Mining Jun 18, 2018 Rapaport News
Angola Eyes Antwerp as Ally in Diamond Reforms
Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
Rough Markets Jun 14, 2018 Joshua Freedman
Lucapa Plans to Extend Mothae Mine Life
Lucapa Diamond Company has upgraded its expectations for theMothae mine in Lesotho after recovering a 25-carat yellow diamond at the asset. The miner found the stone in the “neck zone,” a part of the minethat it had...
Mining May 23, 2018 Rapaport News
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