R/€ = 15.59 Change: 0.01
R/$ = 13.46 Change: -0.03
Au 1281.71 $/oz Change: -18.30
Pt 887.50 $/oz Change: -16.57


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 boosts Lesotho diamond project’s economics

By: Esmarie Swanepoel     23rd October 2017 A new development plan for the Mothae kimberlite diamond mine, in Lesotho, has significantly improvedproject economics, ASX-listed Lucapa Diamonds reported on Monday. Lucapa’s initial plans for the Mothae project would have seen the company process some two-million tonnes of mainly weathered,... 

Lucapa sells more diamonds, eyes second mine

By: Esmarie Swanepoel     8th September 2017 ASX-listed diamond miner Lucapa has reported gross proceeds of $7.4-million from its seventh sale of alluvial diamonds from the Lulo diamond project, in Angola. The company said that it had sold 3 214 ct in the last tender at an average of $2 298/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 announces maiden Mothae resource estimate

By: Henry Lazenby     25th March 2017 ASX-listed Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho. The Mothae project is located about 5 km from Gem Diamonds’ Letšeng mine. 

Lucapa adopts low-risk strategy for new Lesotho diamond mine

By: Esmarie Swanepoel     31st January 2017 Diamond miner Lucapa Diamonds has been awarded the Mothae kimberlite project, in Lesotho, following a competitive international tender process. Lucapa acquired a 70% interest in the project for $9-million, payable over ten months. 

Lucara terminates share purchase deal with Paragon

By: Natalie Greve     15th December 2015 Aim-listed Paragon Diamonds has received a notice of termination for its share purchase agreement with the Lucara Diamond Corporation with regards to the acquisition of the Mothae kimberlite resource, in Lesotho. Paragon said on Tuesday that it maintained the view that the development of Mothae... 

Paragon gets Lesotho govt go-ahead for Mothae acquisition

By: Megan van Wyngaardt     7th August 2015 Aim-listed Paragon Diamonds has obtained the necessary formal approval from the Lesotho government to complete the $8.5-million acquisition of a 75% interest in, and operatorship of, the Mothae kimberlite resource from TSX-listed Lucara Diamond Corporation. Once the deal was concluded, Paragon... 

Paragon enters purchase agreement for Lucara’s Lesotho asset

By: Natasha Odendaal     14th July 2015 Aim-listed diamond development company Paragon Diamonds has entered into a legally binding share purchase agreement with Lucara Diamond Corp for the $8.5-million buy-out of its interest in the Lesotho-based Mothae kimberlite resource. Paragon would acquire Lucara's 75% stake in the Mothae... 

Paragon raises £500 000, may initiate share buyback

By: Creamer Media Reporter      18th June 2015 Aim-listed Paragon Diamonds has raised £500 000 of unsecured debt financing from an investment company that may be used for a share buyback programme. The funding would also be used for short-term working capital requirements, while Paragon progresses the acquisition of the Mothae diamond... 


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