Lucara recovers first Karowe diamonds, closes $25m facility

Emerging miner Lucara Diamond said on Monday it had closed a $25-million revolving credit facility to fund development and operations at its new Karowe diamond mine, in Botswana. This comes as the Vancouver-based firm also announced first...

Mining Indaba Schedule

Lucara receives record price for Lesotho diamonds

Vancouver-based Lucara Diamond Corp has received proceeds of $6.4-million from its second tender of 7 190 ct of diamonds from its Mothae mine in Lesotho. The 28 sale lots were offered on tender in Antwerp between December 5 and December 9 and all...

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 to move to TSX main board

Diamond Junior Lucara Diamond Corp on Thursday said it graduate to the TSX from the board for smaller companies at the start of next week. Its shares will be delisted from the TSX-V when the markets close on Friday, it said.

Lucara to list in Botswana

The Botswana Stock Exchange is set to get a new listing, in the form of Canada’s Lucara Diamond Corp. The company, which already trades on the TSX-V, said it would float its shares in Gaborone on July 25 in a secondary listing.

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 secures $50m to complete Botswana diamond project

ucara Diamond Corp. has raised $50-million in debt to build its two gem projects in Botswana and Lesotho, the TSX V-listed junior said on Thursday. Lucara said it had concluded that the debenture, which matures at the end of 2013, provided the...

Construction of new Botswana diamond mine to start soon

Construction of the AK6 diamond mine in Botswana will begin over the next couple of months, with full commissioning targeted in early 2012, joint-venture partners Lucara Diamonds and African Diamonds said on Tuesday, announcing a formal decision...

Lucara recovers 53,5-ct diamond at Lesotho mine

Vancouver-based Lucara Diamond has recovered a 53,5-ct white Type IIa diamond during the first week of production at its Mothae mine, in Lesotho. The company started processing kimberlite ore on Monday and is ramping up production towards the...

Diamond-mining still glittering in Africa

As the world’s largest producer of diamonds, producing more than 75% of diamonds in value, with more than 1,9-billion carats worth an estimated $158-billion, Africa is picking up the pace following the global recession.

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...