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Topic

Lulo kimberlite investment contract gazetted

By: Tasneem Bulbulia     18th September 2018 Tphe Angolan Ministry of Mineral Resources and Petroleum has gazetted a new mineral investment contract for the Lulo kimberlite exploration licence, covering a five-year period through to April 30, 2023. Lucapa Diamond Company co-owns and operates the kimberlite  exploration programme on the... 

Lucapa Achieving “Sparkling”Diamond Success In Both Africa And Australia

29th August 2018 Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds. The Company’s CEO and Managing Director, Mr Stephen Wetherall, told the first day today of the three day Paydirt Africa Down Under (ADU) mining... 

Lulo delivers 114ct diamond for Lucapa

By: Esmarie Swanepoel     11th July 2018 ASX-listed Lucapa Diamond Company has recovered a 114 ct diamond at its Lulo project, in Angola. The company on Wednesday said that the stone was recovered from alluvial Mining Block 6, and is the eleventh diamond over 100 carats recovered to date, and the third so far in 2018. 

Lucapa recovers 89ct diamond in Lesotho

By: Esmarie Swanepoel     29th June 2018 Diamond miner Lucapa Diamond Company has recovered an 89 carat yellow diamond from the current bulk sampling programme at its Mothae project, in Lesotho. The bulk sampling programme is designed to expand and improve the current Mothae resource by processing areas of the kimberlite pipe which... 

Lucapa's Lulo delivers up more diamonds for sale

By: Esmarie Swanepoel     18th May 2018 Diamond miner Lucapa Diamond Company has generated a further A$4-million in sales from a parcel of 1 632 ct of diamonds from its Lulo project, in Angola. The miner said on Friday that the parcel did not include the gem quality 46 ct pink diamond or other large special diamonds recently recovered... 

First phase of Lesotho diamond mine project poised for commercial production in second half of 2018

By: Mia Breytenbach     20th April 2018 Angola- and Lesotho-focused diamond miner Lucapa Diamond Company believes that once the Mothae diamond mine, in Lesotho, enters into full production, the operation, paired with the company’s Lulo alluvial diamond mine, in Angola, will position it as one of few worldwide to have two mines... 

Lucapa raises funds to further exploration

By: Esmarie Swanepoel     9th April 2018 Diamond miner Lucapa Diamond Company will raise A$16.5-million through a share placement to fund further exploration work at the Brooking diamond discovery, in Western Australia. The shares, which will be priced at 23c each, will be placed under the company’s existing placement capacity. 

Lucapa sells $1.7m diamond parcel from Lulo

By: Megan van Wyngaardt     5th March 2018 Angola-focused diamond miner Lucapa Diamond Company sold 2 072 ct of diamonds recovered from the Lulo mine, achieving gross proceeds of $1.7-million during its second sale for the year. This represented an average price per carat of $804. The ASX-listed miner said the largest diamond in the sale... 

Lucapa recovers first diamonds from Lesotho's Mothae mine

By: Simone Liedtke     12th February 2018 ASX-listed Lucapa Diamond Company has announced its first diamond recoveries from the Mothae kimberlite mine, which it owns in partnership with the government of Lesotho. The largest of the diamonds recovered in the first rest run was 6.6 ct. 

Lucapa completes first sale of the year

By: Megan van Wyngaardt     2nd February 2018 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas & Petalas have completed the first sale for 2018 from the Lulo diamond project in Angola, for this year. The sale of 4 170 ct of Lulo diamonds achieved proceeds of $9.14-million, representing an exceptional... 

Lucapa’s Angola mine delivers its second 100-ct diamond for 2018

By: Megan van Wyngaardt     17th January 2018 Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola. The 116 ct low-quality diamond is the second 100-ct plus stone recovered in the first three weeks of the... 

Lucapa recovers another 100-ct-plus diamond at Angola mine

By: Creamer Media Reporter      8th January 2018 The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a... 

Lucapa and Equigold deepen relationship

By: Megan van Wyngaardt     21st November 2017 Private Singaporean company Equigold is further increasing its shareholding in Africa-focused Lucapa Diamond Company by converting the last two scheduled quarterly repayments, totalling $3.75-million, into Lucapa shares. The companies in October agreed to enter a $15-million loan facility, which... 

Lucapa sells 4 126 ct parcel for A$9.6m

By: Megan van Wyngaardt     20th November 2017 ASX-listed Lucapa Diamond Company sold 4 126 ct of diamonds, achieving proceeds of A$9.6-million at its eighth alluvial diamond sale for the year. Sold in conjunction with its partners, Empresa Nacional de Diamantes and Rosas & Petalas, the diamonds from the Lulo project in Angola averaged A$2... 

Lucapa recovers eighth diamond larger than 100 ct from Angola

By: Anine Kilian     13th November 2017 ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes, better know as Endiama, and Rosas & Petalas have recovered a high-value 129.58 ct diamond from the Lulo project, in Angola.   The diamond was recovered from alluvial mining block six along with another large... 

Lucapa raises funds for second mine

By: Esmarie Swanepoel     9th October 2017 Diamond miner Lucapa Diamond Compnay has secured a $15-million finance facility to develop Phase 1 of its Mothae kimberlite diamond project, in Lesotho. The three-year debt facility has been arranged with a private Singaporean company, and will be repayable in eight quarterly payments starting... 

Lucapa recovers more large diamonds

By: Esmarie Swanepoel     17th August 2017 Diamond miner Lucapa Diamond Company has recovered more large diamonds from its Lulo project, in Angola, including 83 ct and 68 ct Type IIa gems. In addition, five other 50-plus carat stones were also recovered. 

Lucapa adds to revenues

By: Esmarie Swanepoel     19th June 2017 ASX-listed Lucapa Diamond Company has generated another A$1.25-million in revenue through the sale of 1 236 ct of diamonds from the Lulo mine, in Angola. Lucapa said on Monday that the latest parcel of diamond sales achieved an average price of A$1 013/ct. 

Lucapa secures A$19m to pay for Lesotho mine, advance Phase 1 development

By: Esmarie Swanepoel     26th May 2017 Diamond miner Lucapa Diamond Company has secured A$19-million in capital to fund the acquisition and development of the Mothae kimberlite diamond project, in Lesotho. The ASX-listed miner said on Friday that the funding package included a A$9.2-million underwriting agreement with Westar Capital... 

Lucapa sells more diamonds from Lulo

By: Esmarie Swanepoel     16th May 2017 Diamond miner Lucapa Diamond Company has garnered a further $1.3-million in revenues from the sale of its fourth parcel of diamonds for 2017. The miner recently sold 1 878 ct of diamonds from the Lulo mine, in Angola, at an average price of $695/ct. The latest sale brought gross proceeds from... 

Lucapa posts solid growth in March quarter

By: Esmarie Swanepoel     13th April 2017 Diamond miner Lucapa Diamond Company has reported a 33% increase in production during the three months to March from its Lulo mine, in Angola. Plant throughput at Lulo increased by 91% during the quarter, compared with the previous corresponding period, to 70 967 bulk cubic metres, despite the... 

Australian miners issue encouraging reports from their African operations

By: Keith Campbell     17th March 2017 Australian junior mining companies active in Lusophone Africa have reported good news from both Angola and Mozambique. The companies concerned are the Lucapa Diamond Company, operating in Angola, and Mustang Resources, active in Mozambique. Lucapa has announced that total diamond sales to date... 

Lulo delivers payday for Lucapa

By: Esmarie Swanepoel     8th March 2017 Diamond miner Lucapa Diamond Company will receive A$7.3-million ($5.6-million) in funds from its Lulo diamond mine, in Angola, under the terms of an alluvial mining investment with project partners Empresa Nacional de Diamantes and Rosas & Petalas. The board of the Lulo operation declared an... 

Lucapa aces first diamond sale for 2017

By: Esmarie Swanepoel     9th February 2017 ASX-listed Lucapa Diamond Company has completed its first diamond parcel sale for 2017 from the Lulo mine, in Angola, generating some A$4.9-million in revenue. The company on Thursday reported that the parcel comprised 2 946 ct of diamonds at an average price of $1 276/ct. The sale included a 75... 

Lucapa receives new five-year Lulo exploration licence

By: Anine Kilian     28th November 2016 ASX-listed Lucapa Diamond Company on Monday announced that a new kimberlite exploration licence for the Lulo diamond project (Projecto Lulo) has been granted by the Angolan government. The new kimberlite exploration licence, which spans five years and covers the entire 3 000 km2 Projecto Lulo... 

Lucapa diamond recovery unit in operation

By: Anine Kilian     21st November 2016 The new XRT large diamond recovery circuit at ASX-listed Lucapa Diamond Company’s Lulo project, in Angola, has started commercial operations, processing oversize alluvial gravels. The XRT technology and larger screens will, as part of the new coarse recovery stream at the 150 t/h diamond plant,... 

Lucapa announces record Lulo sales

By: Anine Kilian     7th November 2016 ASX-listed Lucapa Diamond Company has sold a parcel of 1 864 ct of rough diamonds recovered at the Lulo mine, in Angola, for $8.3-million, representing an average price of $4 452/ct. This represents the highest total sale price achieved for a parcel of diamonds recovered at Lulo.   

XRT technology to help Lulo recover larger diamonds

By: Creamer Media Reporter      26th October 2016 Australia-based Lucapa Diamond Company is preparing the Lulo mine, in Angola, for even large recoveries by installing XRT technology. Lucapa reported on Wednesday that the Lulo mine, which the miner owns in a partnership with State-owned Endiama and Rosas & Petalas, had started commissioning the... 

Lucapa and partners sell Lulo diamonds for $4.1m

By: Creamer Media Reporter      28th September 2016 Australia-based Lucapa Diamond Company and its partners in the Lulo mine have netted $4.1-million from the sale of diamonds recovered at the Angolan mine. The parcel of 2 209 ct of Lulo diamonds sold at an average sales price of $1 868/ct, 40%-owner Lucapa said in a statement on Wednesday. 

Lulo delivers another exceptional stone

By: Esmarie Swanepoel     21st September 2016 The Lulo diamond mine, in Angola, has delivered another exceptional stone for owner Lucapa Diamond Company. Lucapa on Wednesday reported that a 104 ct diamond had been recovered from the alluvial mining operation. 

Lucapa diamond sales reach $3m in Q2

By: David Oliveira     7th July 2016 ASX-listed diamond miner Lucapa Diamond Company, which owns and operates the Lulo diamond project in Angola, achieved two alluvial diamond parcel sales weighing a total of 2 670 ct, during the quarter ending June 2016, and achieved gross proceeds of $3-million at an average price of $1 132/ct,... 

Gem International sees big diamond potential at Angola flagship

By: Henry Lazenby     23rd June 2016 Vancouver-based explorer Gem International Resource sees bonanza diamond potential at its flagship Dala project, in Angola, and is preparing plans for the immediate development of alluvial diamond deposits, followed with systematic exploration that would hopefully result in discovering... 

Lucapa to invest more in Angola mine

By: Esmarie Swanepoel     16th May 2016 Diamond miner Lucapa Diamond Company on Monday announced a $7-million capital development and upgrade programme at the Lulo diamond mine, in Angola. The capital spend comes as Lucapa and its joint venture (JV) partners, Angola’s national diamond company Endiama and private partner Rosas &... 

New diamond mine inaugurated in Angola

By: Keith Campbell     15th April 2016 Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new... 

Lucapa recovers more large special, pink diamonds from Lulo

By: Samantha Herbst     12th April 2016 ASX-listed diamond miner Lucapa Diamond Company has recovered more special and fancy-coloured diamonds from its Angola-based Lulo diamond project in Angola, including a 59 ct Type I diamond and a 33 ct Type IIa D-colour gem. These were the latest trial mining recoveries from Lulo’s E46 alluvial... 

Trial mining at new Lulo area yields large diamonds – Lucapa

By: Esmarie Swanepoel     29th March 2016 ASX-listed miner Lucapa Diamond Company has uncovered a 68.1-ct gem-quality diamond from trial mining operations at a new area within its Lulo operation, in Angola. The gem was among eight special diamonds recovered during the trial mining operation, which is about 10 km upstream from the... 

Two more large alluvial diamonds found at Lulo diamond project

By: Anine Kilian     3rd February 2016 ASX-listed diamond miner Lucapa Diamond Company has discovered another two large, high-quality alluvial diamonds from Mining Block 6 at the company’s Lulo diamond project, in Angola.   Testing confirmed that both diamonds, which weighed 120.4 ct and 86.2 ct, were Type IIa gems. The 120.4 ct... 

Lucapa sells more diamonds from Lulo

By: Esmarie Swanepoel     25th January 2016 Diamond miner Lucapa Diamond Company has sold its ninth parcel of alluvial diamonds from the Lulo project, in Angola. The company reported on Monday that the parcel of 178 ct generated gross revenues of A$420 000, with the diamonds selling at an average price of A$2 360/ct. 

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