Diamond values jump at Lucara's Botswana mine

Lucara Diamond Corp on Tuesday said prices for the gems contained in the AK6 mine it is building in Botswana had risen 24% to $301/ct. The Vancouver-based company said the jump was a result of the strong growth in demand for the type and quality...

Lucara says SA strike affecting Botswana diamond project

Lucara Diamond Corp, building the AK6 mine in Botswana, said on Friday strike action in South Africa’s steel sector was delaying deliveries to the project, though it did not yet know the full impact on the mine's schedule. AK6 was on track so...

Lucara fetches $871/ct in maiden Mothae diamond tender

TSX V-listed Lucara Diamond Corp on Monday said it had received an average $871,70/ct in the first tender from trial mining at its Mothae project in Lesotho. The company sold 9 381,35 cs in Antwerp for a total of $8,1-million, including a...

Timing not right for Lucara merger - analyst

While it would make sense for Gem Diamonds and Lucara to merge, now would not be the best time for Lucara Diamond Corp’s shareholders, an analyst said on Monday. Lucara responded to media speculation on a possible tie-up by saying that it was...

AK6 diamond mine, Botswana

In phase 1 of the project, 2,7-million tons a year is expected to be produced, with a ramp-up to 4,2-million tons a year in phase 2.

African Diamonds plans to up stake in AK6 to 40%

Aim-listed African Diamonds planned to raise £9,6-million to increase its stake in the AK6 mine, in Botswana, and to fund its portion of the early works budget on the project. The company announced to shareholders on Tuesday that it had...

African Diamonds says AK6 feasibility study nears completion

The final feasibility study for Aim- and Botswana-listed African Diamonds’ AK6 mine, in Botswana, would be completed by the end of May, with site development to start in September. Chairperson John Teeling told shareholders in a statement on...

Lucara gets mining lease for Lesotho diamond project

Vancouver-based junior Lucara Diamond Corp has been granted a ten-year diamond-mining lease for its Mothae project, in Lesotho, and now plans to start preproduction test mining, the firm said on Monday. The lease was approved after Lucara and the...

Lucara, Motapa complete tie-up

Vancouver-based junior Lucara Diamond Corp has closed its acquisition of Motapa Diamonds, after the transaction received shareholder and court approval. The British Columbia Supreme Court sanctioned the acquisition on July 2, and Motapa's shares...

Lucara inks definitive agreement to buy Motapa

Vancouver-based Lucara Diamond Corp has signed a definitive agreement regarding its planned acquisition of fellow junior Motapa Diamonds. The firms first announced the proposed transaction after signing a letter of intent in March.

Diamond junior Lucara will buy partner Motapa

Vancouver-based Lucara Diamond Corp has signed a letter of intent to acquire fellow junior Motapa Diamonds in an all-share transaction, the firms announced on Tuesday. Both companies are exploring for diamonds in various parts of Africa, but...

Conceptual study launched for Lesotho diamond prospect

Vancouver-based explorers Motapa Diamonds and Lucara Diamond Corp have begun work on a conceptual study into a potential diamond mine at their jointly-owned Mothae prospect, in Lesotho. The firms have retained Mineral Services Canada to develop...