|
|
|
Lucapa’s Mine Resource Estimate for Mothae Climbs
|
|
Diamond resources at Lucapa Diamond Company’s Mothae mine in Lesotho are 280% higher than it originally estimated, it said Thursday.The increase is due to the new commercial processing plant the miner has installed at the deposit, noted...
|
|
|
Mining
|
Oct 15, 2020
|
Rapaport News
|
|
|
|
|
|
Rough Sales Pick Up as Market Begins Rebound
|
|
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...
|
|
|
Mining
|
Sep 22, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa to Sell Mothae Rough Privately
|
|
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...
|
|
|
Mining
|
Sep 09, 2020
|
Leah Meirovich
|
|
|
|
|
|
Lucapa Seals Deal to Defer Loan Repayments
|
|
Lucapa Diamond Company, owner of the Lulo mine in Angola and Mothae in Lesotho, has restructured its debt, allowing it more freedom to focus on navigating the weak diamond market. “The refinancing arrangements will give Lucapa...
|
|
|
Mining
|
Aug 16, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Revenue Plummets in Second Quarter
|
|
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...
|
|
|
Mining
|
Jul 13, 2020
|
Rapaport News
|
|
|
|
|
|
Angola Plans Trading Hub to Support Sales
|
|
Angola plans to create a diamond hub and exchange to help streamline sales and marketing of the rough the country produces.The hub will include an Angolan Diamond Bourse (ADB), a gemological academy and a technological research center....
|
|
|
Rough Markets
|
Jun 09, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Raises $3.6M for Lulo Kimberlite Hunt
|
|
Lucapa Diamond Company has completed a sale of new shares that successfully raised AUD 5.25 million ($3.6 million) to fund its search for the kimberlite source of its high-value alluvial stones.The proceeds of the rights...
|
|
|
Mining
|
Jun 03, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Unearths 171ct. Rough at Lulo
|
|
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...
|
|
|
Mining
|
May 11, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa to Restart Lulo Operations
|
|
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...
|
|
|
Mining
|
May 03, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Revenue Drops in First Quarter
|
|
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...
|
|
|
Mining
|
Apr 27, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Extends Shutdown at Lesotho Mine
|
|
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...
|
|
|
Mining
|
Apr 20, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Inks Polishing Partnership for Mothae
|
|
Lucapa Diamond Company has created a partnership with a high-end diamantaire to cut and polish a portion of rough from the Mothae mine in Lesotho.The miner sought the deal after coronavirus lockdowns halted sales of its diamonds...
|
|
|
Mining
|
Apr 16, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Reduces Lulo Operations
|
|
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...
|
|
|
Mining
|
Apr 02, 2020
|
Rpapapot News
|
|
|
|
|
|
Lucapa Nets First Funds from Graff Partnership
|
|
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...
|
|
|
Mining
|
Mar 24, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Finds 64ct. Diamond at Mothae
|
|
Lucapa Diamond Company has recovered a 64-carat, high-quality stone from its Mothae mine in Lesotho, it said Wednesday.The D-color, type IIa diamond is the 12th over 50 carats the miner has unearthed since reaching commercial...
|
|
|
Mining
|
Mar 19, 2020
|
Rapaport News
|
|
|
|
|
|
Lulo Mine’s Resource Estimate Climbs
|
|
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...
|
|
|
Mining
|
Mar 16, 2020
|
Rapaport News
|
|
|
|
|
|
Lucapa Closing In On Diamond Source
|
|
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...
|
|
|
Mining
|
Feb 19, 2020
|
Rapaport News
|
|
|
|
|
|
Graff Unit Signs Polishing Deal with Lucapa
|
|
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...
|
|
|
Mining
|
Jan 29, 2020
|
Rapaport News
|
|
|
|
|
|
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
|
|
|
