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Rough Sales Pick Up as Market Begins Rebound
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Miners have seen “encouraging” signs of recovery in the diamond market as they resume rough sales following an extended period of weak demand.Mountain Province garnered $8.9 million from the sale of 210,661 carats from its Gahcho...
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Mining
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Sep 22, 2020
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Rapaport News
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Lucapa to Sell Mothae Rough Privately
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Lucapa Diamond Company will sell rough from its Mothae mine in Lesotho directly to diamantaires through private partnerships, allowing it to secure higher prices for its production, it said Wednesday.The new sales channel was approved...
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Mining
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Sep 09, 2020
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Leah Meirovich
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Lucapa Revenue Plummets in Second Quarter
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Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the average price and carats sold fell sharply due to the coronavirus pandemic.Revenue slid 80% year on year...
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Mining
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Jul 13, 2020
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Rapaport News
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Lucapa Unearths 171ct. Rough at Lulo
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Lucapa Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.The stone is the miner’s 15th over 100 carats from Lulo to date, and the second in that size category...
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Mining
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May 11, 2020
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Rapaport News
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Lucapa to Restart Lulo Operations
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Lucapa Diamond Company will resume partial operations at its Lulo mine in Angola after the government relaxed the lockdown rules for essential sectors.From this week, the company will limit work to two shifts...
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Mining
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May 03, 2020
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Rapaport News
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Lucapa Revenue Drops in First Quarter
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Sales of rough from Lucapa Diamond Company’s Lulo mine fell in the first quarter, with a sharp decline in the average price achieved.Revenue slid 36% year on year to $7.8 million, the company said Monday. Although...
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Mining
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Apr 27, 2020
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Rapaport News
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Lucapa Extends Shutdown at Lesotho Mine
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Lucapa Diamond Company has put its Mothae mine in Lesotho on care and maintenance until the global market recovers.The miner temporarily closed the asset last month after the government placed the country...
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Mining
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Apr 20, 2020
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Rapaport News
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Lucapa Reduces Lulo Operations
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Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government lockdown on the country.The shutdown, currently in force until April 11, excludes the mining industry, though authorities...
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Mining
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Apr 02, 2020
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Rpapapot News
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Lucapa Nets First Funds from Graff Partnership
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Lucapa Diamond Company has garnered $4 million in revenue from the first share of proceeds through its manufacturing partnership with Graff unit Safdico, it said Tuesday.Under the partnership, which Lucapa announced in January, Safdico has...
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Mining
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Mar 24, 2020
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Rapaport News
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Lulo Mine’s Resource Estimate Climbs
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Diamond resources at Lucapa Diamond Company’s Lulo alluvial mine in Angola are 25% higher than it originally estimated, according to an independent valuation.Lulo has 100,700 carats remaining in the mine, a December 2019 study by external consulting company...
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Mining
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Mar 16, 2020
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Rapaport News
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Lucapa Closing In On Diamond Source
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Lucapa Diamond Company is coming closer to finding the kimberlite source of its high-quality alluvial diamonds, the miner said Wednesday.The company will drill seven new kimberlites located just upstream of the high-value portion of its...
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Mining
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Feb 19, 2020
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Rapaport News
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Graff Unit Signs Polishing Deal with Lucapa
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Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.Safdico will have the rights to buy up to 60% of Lulo’s annual rough production...
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Mining
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Jan 29, 2020
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Rapaport News
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Lucapa Unearths 117ct. Rough at Lulo Mine
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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...
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Mining
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Jan 09, 2020
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Rapaport News
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Lucapa Production Continues to Grow
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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...
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Mining
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Jan 07, 2020
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Rapaport News
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Lucapa Tender Yields over $6M
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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...
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Mining
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Jan 06, 2020
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Rapaport News
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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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