https://www.miningweekly.com

Lucapa delivers good results in Dec quarter

18th January 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Angola-focused miner Lucapa Diamond completed three sales in the quarter ended December 31, generating revenue of A$8.1-million, the highest quarterly sales result achieved to date.

The average selling price of A$2 141/ct was also the highest quarterly average achieved since mining started in January 2015.
 
The ASX-listed company further reported that, despite a mechanical issue with the diamond plant’s dense medium separation module, which impacted processing for two weeks, paired with heavy rains, it still uncovered 28 special diamonds, weighing more than 10.8 ct each, during the quarter, with the two biggest diamonds recovered weighing 74.5 ct and 66.3 ct.

Total diamond recoveries for the quarter amounted to 2 151 ct.

Further, Lucapa noted an average quarter-on-quarter stone size increase to 1.35 ct, while processing rates increased by 173% to 82 410 m3 in the second half of 2015, as the delivery of additional earthmoving equipment enabled mining operations to be scaled up.

Mining of gravels also continued during this period of plant downtime and, as at December 31, almost 9 231 m3 of diamond-bearing alluvial gravels were stockpiled for processing through the diamond plant.
 
Excluding this, 38 401 m3 of alluvial gravels were processed in the December quarter. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.122 0.156s - 90pq - 2rq
Subscribe Now