Angola's Lulo mine delivers its fifth 100-ct-plus diamond for 2016

26th September 2016 By: Mariaan Webb - Creamer Media Senior Deputy Editor Online

JOHANNESBURG (miningweekly.com) – The Lulo mine, which Australian miner Lucapa owns in conjunction with Angola’s State-owned miner Endiama and Rosas & Petalas, has delivered its fifth diamond weighing more than 100 ct for the year, this time producing a 172.67 ct diamond.

The diamond was recovered from ongoing alluvial mining operations at Lula and follows the recent recovery of a 104 ct diamond.

Lucapa reported on Monday that testing had confirmed the 172.67 ct stone as a Type IIa diamond.

The diamond is the sixth 100-ct plus stone recovered from Lulo to date. In February, Lucapa announced the recovery of Angola's largest-ever diamond - the 404 ct Type IIa D-colour stone, which later sold for $16-million.

Lucapa has expressed interest in increasing its current 40% interest in the mine.