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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 Recovers 64ct. Rough at Mothae
Development work at the Mothae mine in Lesotho has paid off for Lucapa Diamond Company, with the discovery of a 64-carat rough, the highest-quality diamond found at thedeposit to date. The miner recovered the D-color, type...
Mining Aug 06, 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
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 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
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
Lucapa diamond montage
Mothae Diamond Fetches $37K/ct.
Lucapa Diamond Company garnered $3.8 million from the saleof rough stones from its Mothae mine in Lesotho, with one stone going for $36,664 per carat. The miner sold 5,411 carats at tender...
Mining Feb 28, 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 Mothae 38 carat 150
Lucapa’s Mothae Mine Exceeds Expectations
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...
Mining Jan 22, 2019 Rapaport News
Lucapa Mothae mine
Lucapa Sells Mothae Rough for up to $15K/ct.
Lucapa Diamond Company brought in $1.5 million at a sale of goods from its Mothae mine, with individual stones fetching up to $15,000 per carat.The Australia-based miner sold 4,000 carats of rough diamonds it recovered during initial bulk...
Mining Dec 20, 2018 Rapaport News
Lucapa Mothae
Lucapa Prepares to Sell Mothae Diamonds
Lucapa Diamond Company will begin producing diamonds at itsMothae mine on a commercial scale, paving the way for its first scheduled salelater this year. The miner has commissioned the Lesotho asset’s treatmentplant, and...
Mining Oct 25, 2018 Rapaport News
Lucapa 150
Lucapa’s New Resource Yields Large Stones
Lucapa Diamond Company has recovered an 11.88-carat stone duringbulk sampling at the North zone of its Mothae mine, the third new section toproduce large stones. The miner has been testing the unexplored areas...
Mining Jul 30, 2018 Rapaport News
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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
Lucapa’s Mothae Mine Yields 89ct. Yellow
Lucapa Diamond Company has recovered an 89-carat yellow roughdiamond from its Mothae mine in Lesotho, it said Friday. The miner found the stone during bulk sampling in theasset’s southeast zone. The diamond is not part...
Mining Jul 02, 2018 Rapaport News
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
Lucapa Pink diamond
Lucapa Finds 46ct. Pink Rough at Lulo
Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which...
Mining May 06, 2018 Rapaport News
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