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Mothae Yields Two Diamonds over 100ct.
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Lucapa Diamond Company has unearthed two rough diamondsweighing more than 100 carats from its Mothae mine in Lesotho. The 220- and 127-carat stones, which are low-quality diamonds, werefound during the treatment...
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Mining
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Nov 20, 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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Lucapa Tender Yields $10M
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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...
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Mining
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Oct 16, 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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Lucapa Recovers 64ct. Rough at Mothae
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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...
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Mining
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Aug 06, 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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Lulo Rough Fetches $10M at Tender
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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...
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Mining
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Jun 03, 2019
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Rapaport News
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Lucapa’s Mothae Stones Fetch $3.5M
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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...
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Mining
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May 29, 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 Mine Yields Its Largest Diamond
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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...
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Mining
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May 23, 2019
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Rapaport News
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Lucapa Unearths 130ct. Rough Stone
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Lucapa Diamond Company has recovered a 130-carat, gem-qualitydiamond from its Lulo alluvial mine in Angola. The stone is the miner’s 13th over 100 carats todate, and its second in that size category this year,...
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Mining
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May 19, 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 Moves into Diamond Manufacturing
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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...
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Mining
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Feb 24, 2019
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Leah Meirovich
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Lucapa Recovers 128ct. Rough
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Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit’s Mining Block6 region, is the miner’s...
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Mining
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Feb 19, 2019
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Rapaport News
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New Lucapa Site Fails to Yield Viable Diamonds
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Lucapa Diamond Company has failed to recover rough stones with sufficient commercial value from the Little Spring Creek exploration site at its Brooking lamproite mine inWestern Australia, it said Monday. The miner launched...
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Mining
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Feb 18, 2019
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Rapaport News
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