https://www.miningweekly.com
Diamonds|Operations
Diamonds|Operations
diamonds|operations

Lulo diamonds sell for A$3.2m

17th September 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diamond miner Lucapa has generated A$3.2-million in revenue from the sale of diamonds from its Lulo alluvial mine, in Angola.

The ASX-listed company on Thursday told shareholders that 3 477 ct of Lulo diamonds had been sold at an average price of A$911/ct.

Sales for the year to date reached A$23.2-million, with 12 266 ct sold at an average price of A$1 892/ct.

Lucapa MD Stephen Wetherall said that the Lulo mine had delivered strong operational performances soon after restarting operations, following the Covid-19-related lockdown.

“Although the average diamond size in this sale parcel was smaller than average, the encouraging signals being seen in the industry currently have led to upward price movements across a number of diamond categories. That, together with the record recoveries from the Ieziria areas, suggest Lulo should have a much improved second half of 2020.”

Edited by Creamer Media Reporter

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 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:0.16 0.204s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: