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Lucapa Unearths 117ct. Rough at Lulo Mine
Lucapa Diamond Company has recovered a 117-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 14th over 100 carats from Lulo to date, and its first in that size category...
Mining Jan 09, 2020 Rapaport News
Lucapa Production Continues to Grow
Output at Lucapa Diamond Company hit a record in the fourth quarter, leading to its strongest annual production, the miner said Monday.Production for the three months ending December 31 increased 72% year on year to 14,007 carats...
Mining Jan 07, 2020 Rapaport News
Lucapa Tender
Lucapa Tender Yields over $6M
Lucapa Diamond Company earned $6.4 million from its last rough sale of 2019, bringing its total for the year to $55 million.The miner sold 3,274 carats from its Lulo mine in Angola for...
Mining Jan 06, 2020 Rapaport News
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
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
Tango Mining
Tango Pulls Out of Angola Diamond Venture
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...
Mining Aug 21, 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
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
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
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 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 Feb 2019
Lucapa Angola Tender Rakes In $17M
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...
Mining Feb 03, 2019 Rapaport News
Sales Deferral Hits Lucapa Proceeds
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...
Mining Nov 19, 2018 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
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 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 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
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