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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
Lucapa
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
Lucapa
Lucapa Recovers 64ct. Rough at Mothae
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...
Mining Aug 06, 2019 Rapaport News
Lucapa tender
Lucapa’s Mothae Stones Fetch $3.5M
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...
Mining May 29, 2019 Rapaport News
Lucapa
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
Lucapa
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
Lucapa Moves into Diamond Manufacturing
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...
Mining Feb 24, 2019 Leah Meirovich
Alrosa colored diamond polished
Miners Seeking Profits Beyond Rough
De Beers has been dabbling in the retail end of thediamond industry for more than 15 years, but recently, other miners have begunto follow suit, breaking out of the production box and entering other aspectsof...
Mining Jan 23, 2019 Leah Meirovich
Lucapa 46ct pink
Lucapa Predicts Premium from Angola Reforms
Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
Rough Markets Jan 14, 2019 Joshua Freedman
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 Brooking
Brooking Recovery Boosts Lucapa Shares
Shares in Lucapa Diamond Company jumped more than 8% Tuesdayafter the miner said testing at its exploration project yielded “exceptional”results. The miner recovered 1,100 diamonds — including 18 macrodiamondsand 1,082 micro stones — from the Brooking,...
Mining Aug 28, 2018 Rapaport News
Lucapa 150
Lucapa’s New Resource Yields Large Stones
Lucapa Diamond Company has recovered an 11.88-carat stone duringbulk sampling at the North zone of its Mothae mine, the third new section toproduce large stones. The miner has been testing the unexplored areas...
Mining Jul 30, 2018 Rapaport News
Lucapa 150
Lucapa’s Mothae Mine Yields 89ct. Yellow
Lucapa Diamond Company has recovered an 89-carat yellow roughdiamond from its Mothae mine in Lesotho, it said Friday. The miner found the stone during bulk sampling in theasset’s southeast zone. The diamond is not part...
Mining Jul 02, 2018 Rapaport News
Lucapa 129ct rough diamond
Angola Mine Yields Eighth Diamond Above 100cts
Lucapa Diamond Company has recovered a 129.58-carat roughdiamond at its Lulo mine in Angola — the eighth stone above 100 carats sinceproduction started at the deposit in August 2015.Testing on a Yehuda color machine showed the diamond wastype...
Mining Nov 14, 2017 Rapaport News
Mothae mine Lucapa
Lucapa Raises Targets for Lesotho Mine
Lucapa Diamond Company has raised itsoutput, cash-flow and mine-lifespan forecasts for the high-value Mothae kimberlitediamond project in Lesotho, where operations are due to start next year.The Lesotho government has also agreed todefer...
Mining Oct 25, 2017 Rapaport News
Mothae mine Lucapa
Lucapa Buys Lesotho Diamond Mine
Lucapa Diamond Company acquired the Mothae mine in Lesotho for $9million, saying the resource that was abandoned by Lucara Diamond Corp in 2015will complement its other operations.“There’s only onething better than owning one...
Mining Jan 31, 2017 Rapaport News
Stephen Wetherall
Angola Mine Claims Highest-Value Diamonds
Lucapa Diamond Company claimed its Lulo mine in Angola achievedthe highest price per carat for any run-of-mine diamond production in the worldin 2016.Sales reached $51 million at an average price of $2,983 per carat, theminer...
Mining Jan 08, 2017 Rapaport News
Lucapa
Lucapa Appoints Wetherall, Selby to Drive Lulo Development
The Lucapa Diamond Company appointed Stephen Wetherall as the company's executive director and Nick Selby as general manager of operations. The appointments were made in an effort to drive the next stage of development at the company's Lulo...
Mining Oct 20, 2014 Deena Taylor
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