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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 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
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 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 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 Q3
Sales Deferral Leads to Lucapa Drop
Lucapa Diamond Company’s sales fell 49% year on year inthe third quarter as the miner withheld a parcel of large stones until afterAngola’s new marketing policy goes into effect. Revenue came to $4.5 million from...
Mining Oct 29, 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 half year
Lucapa to Sell Large Diamonds from Lulo
Lucapa Diamond Company will sell six large stones weighing atotal of 449 carats from its Lulo mine in Angola after an overhaul of thenation’s mining laws prompted it to delay the sale, it said. The Angolan government...
Mining Sep 16, 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
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 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 150
Lucapa Raises $13M to Broaden Australia Drilling
Lucapa Diamond Company has raised $12.7 million (AUD 16.5million) to proceed with an aggressive drilling and exploration program at itsBrooking project in Western Australia. The funding — which came from a major new investor, as well as current...
Mining Apr 10, 2018 Rapaport News
Lucapa Lulo rough 150
Lucapa Sales Slump with Fewer Big Diamonds
Lucapa Diamond Company’s sales fell 38% in 2017, after theprevious year’s figures received a boost from the sale of a huge rough stone. Proceeds from diamonds the company extracted at its Lulomine in Angola declined to $31.6...
Mining Jan 31, 2018 Rapaport News
Mothae mine Lucapa
Lucapa Buys Lesotho Diamond Mine
Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9million, saying the resource that was abandoned by Lucara Diamond Corp in 2015will complement its other operations.“There’s only onething better than owning one...
Mining Jan 31, 2017 Rapaport News
Lucara Diamond
Lucara Plans to List Shares in Sweden
Lucara Diamonds is planning to list on Sweden’s Nasdaq OMX First North exchange, adding to its listings in Toronto and Botswana. ''The past year has been a period of major growth for the company and we look forward...
Mining Oct 09, 2011 Avi Krawitz
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