Lulo delivers higher output in June quarter
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has reported a 27% increase in mining volumes from its Lulo diamond project, in Angola, during the June quarter, increasing diamond production by 20%.
The ASX-listed company on Wednesday reported that 5 058 ct were produced during the three months to June, with the weight of specials, or stones larger than 10.8 ct, up by 18% on the previous quarter, to 1 412 ct.
Specials recovered during the quarter under review included the largest coloured diamond recovered to date from Lulo, at 46 ct, and three diamonds larger than 70 ct.
Gross sales revenue of $5-million was achieved during the quarter, and $15.9-million for the half-year ended June, up 6% and 3% respectively, from the prior reporting periods.
The sales represented an average price per carat of $1 479 for the quarter and $1 642 for the half-year.
At the end of June, Lucapa had a diamond inventory of 2 766 ct, which included a number of large and high-value specials.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation