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Lucapa Eyes Increased Share in Lulo
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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...
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Mining
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Nov 28, 2019
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Rapaport News
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Higher-Grade Ore Boosts Lucapa Production
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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...
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Mining
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Oct 28, 2019
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Rapaport News
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High-Quality Rough Lifts Lucapa Profit
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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,...
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Mining
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Sep 03, 2019
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Rapaport News
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Tango Pulls Out of Angola Diamond Venture
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Tango Mining has terminated its service agreement to mineand market diamonds from the Moquita project in Angola. The company, in September, signed on to finance the alluvial project, which is located just north of Lucapa’s Lulomine. While...
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Mining
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Aug 21, 2019
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Rapaport News
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Lucapa Sells $6.2M of Rough Stones
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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...
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Mining
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Aug 08, 2019
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Rapaport News
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Lulo Revenue Up in Second Quarter
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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...
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Mining
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Jul 16, 2019
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Rapaport News
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Lucapa Closes In on Diamond ‘Mother Lode’
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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...
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Mining
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May 27, 2019
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Rapaport News
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Lucapa’s Lulo Production Drops in 1Q
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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...
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Mining
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Apr 15, 2019
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Rapaport News
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Lucapa Refinances to Strengthen Mothae Business
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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...
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Mining
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Apr 04, 2019
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Rapaport News
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Lulo Resource Estimate Nearly Doubles
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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...
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Mining
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Mar 25, 2019
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Rapaport News
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Mothae Diamond Fetches $37K/ct.
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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...
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Mining
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Feb 28, 2019
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Rapaport News
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Lucapa Angola Tender Rakes In $17M
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Lucapa Diamond Company sold $16.7 million worth of roughstones from its Lulo mine at the first diamond tender under Angola’s newsales rules.“The exceptional sale prices achieved for the Lulo diamondsreflected the highly...
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Mining
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Feb 03, 2019
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Rapaport News
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Sales Deferral Hits Lucapa Proceeds
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Lucapa Diamond Company garnered $4.2 million at its Novembertender as the miner continued to hold back higher-value goods for sale later inthe year. The company sold 3,411 carats of alluvial rough from itsLulo mine...
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Mining
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Nov 19, 2018
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Rapaport News
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Lucapa Finds New Source at Lulo Mine
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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...
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Mining
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Nov 05, 2018
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Rapaport News
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Sales Deferral Leads to Lucapa Drop
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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...
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Mining
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Oct 29, 2018
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Rapaport News
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Lucapa to Sell Large Diamonds from Lulo
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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...
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Mining
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Sep 16, 2018
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Rapaport News
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Lucapa Sells $2M of Rough from Lulo Mine
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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....
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Mining
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Jul 25, 2018
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Rapaport News
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Lucapa Continues Big-Diamond Streak
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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,...
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Mining
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Jul 11, 2018
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Rapaport News
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Sales and Output Rise at Lucapa
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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...
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Mining
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Jul 05, 2018
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Rapaport News
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Lucapa Plans to Extend Mothae Mine Life
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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...
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Mining
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May 23, 2018
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Rapaport News
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