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Karowe, Lucara’s gem, continues to deliver exceptional diamonds

By: Henry Lazenby Southern Africa-focused miner Lucara Diamond Corp has reported that its flagship Karowe mine continued to deliver according to expectations after recently recovering an enormous Type IIa, 336 ct diamond. In addition to recovering 184 ct, 94 ct and 86 ct diamonds over the past weekend, the... 

Diamond plant optimisation nearing completion, sights set on exploration

By: Mia Breytenbach Southern Africa-focused precious gem producer Lucara Diamonds is finalising the optimisation of the newly integrated circuit as part of its flagship Botswana-based Karowe diamond mine’s plant optimisation project. Lucara president and CEO William Lamb tells Mining Weekly that Karowe’s optimised... 

Rough diamond price recovery expected in medium term

By: Mia Breytenbach While there is the expectation that rough diamond prices will potentially recover within the next six months, Southern Africa-focused diamond producer Lucara Diamond CEO William Lamb believes that the prices will recover only later, owing to the current estimated worldwide polished diamond... 

Lucara diamond sale yields $69m

By: Megan van Wyngaardt Lucara Diamond sold 1 674 ct valued at $68.71-million in its first exceptional stone tender of the year. The special tender of diamonds from its Karowe mine, in Botswana, was completed on Thursday and consisted of 14 single-stone lots. 

Paragon to buy Lucara's Lesotho asset for $8.5m

By: Henry Lazenby Aim-listed precious gem explorer Paragon Diamonds will buy Botswana-focused Lurara Diamond Corp’s Mothae diamond project, in Lesotho, for $8.5-million in cash. The two companies on Monday announced that they had entered into a memorandum of understanding that would see Lucara sell, subject to... 

Lucara Diamond Corp declares special dividend on strong 2014 performance

By: Henry Lazenby Southern Africa-focused precious gem producer Lucara Diamond Corp has rewarded shareholders with a special dividend after it reported strong 2014 earnings. The Vancouver-based miner, which operates its flagship Karowe mine, in Botswana, reported headline earnings a share of $0.24 for the year... 

Lucara’s exceptional diamond tenders rake in $136m in 2014

By: Henry Lazenby Southern Africa-focused miner Lucara Diamond Corp this week reported that exceptional stone tenders had this year accounted for $136-million, reflecting a strong diamond market and robust demand for large precious gems from the company’s flagship Karowe mine, in Botswana. The TSX- and... 

Lucara awarded prospecting licences near Karowe

By: Creamer Media Reporter Vancouver-headquartered Lucara Diamond Corp has been granted two exploration licences in the Orapa kimberlite field in Botswana, in close proximity to its Karowe diamond mine, which it opened in 2012. Both prospecting licence areas host known diamondiferous kimberlites and Lucara stated on... 

Lucara reports $40m from the year’s 2nd large-stone tender

By: Henry Lazenby Canadian precious gem producer Lucara Diamond Corp on Wednesday said its second exceptional stone tender for the year had raked in $40.12-million. The Vancouver-based miner, which mines for diamonds at the flagship Karowe mine, in Botswana, sold 16 diamonds, totalling 1 445 ct for gross revenues... 

Botswana remains focused on diamonds

By: Carina Borralho Botswana has focused on its diamond mines and the wealth generated from those mines over the last 40 years, says diamond producer Lucara Diamonds. The company adds that the Botswana government has taken steps to develop a sustainable diamond industry by establishing several cutting factories in... 

Lucara Diamond Corp recovers 13 heavyweight precious gems

By: Henry Lazenby Southern Africa-focused diamond miner Lucara Diamond Corp on Tuesday announced that it had recovered 13 diamonds larger than 100 ct since the start of the second quarter. Of those stones, two were weighing more than 200 ct each, and eight were classified as gem-quality diamonds. 

Lucara Diamond Corp renews Scotiabank credit facility, increases limit

By: Henry Lazenby Southern Africa-focused precious gem producer Lucara Diamond Corp on Monday announced that it had renewed its revolving term credit facility with The Bank of Nova Scotia (Scotiabank) for a three-year term and increased the limit to $50-million, giving it improved financial flexibility. The... 

Lucara Diamond Corp completes another exceptional tender

By: Henry Lazenby Lucara Diamond Corp, which produces high-value precious gems from its flagship Boteti Karowe diamond mine, in Botswana, on Thursday held its first exceptional stone tender of the year, which garnered gross proceeds of $50.47-million. The TSX- and Gaborone-listed miner said it had sold 20 diamonds... 

Lucara reports revenue of $20 280/ct from 3rd exceptional stone sale

By: Henry Lazenby A special tender of 14 diamonds from Lucara Diamond Corp's Karowe mine, in Botswana, has sold for $22.9-million, or $20 280/ct, the company announced on Tuesday. The tender comprised a total of 1 028 ct, and the highest value stones sold were a 256.6 ct gem that sold for $4.4-million and a 137.9... 

Lucara outperforms expectations

By: Henry Lazenby Southern African diamond miner Lucara Diamond Corp on Friday reported better-than-expected earnings as its flagship Karowe mine, in diamond-rich Botswana, delivered more exceptional carats than thought possible. Lucara reported revenues of $50.9-million, or an average of $625/ct during the... 

Lucara Diamond recovers ‘exceptional’ 257 ct gem

By: Henry Lazenby Southern Africa-focused Lucara Diamond Corp has recovered a 257 ct diamond from its Karowe mine, in Botswana, bringing the total number of diamonds weighing more than 50 ct this year to 47. Of those, 14 were larger than 100 ct. The new heavyweight would be sold on tender in the fourth quarter,... 

Lucara sells 16 Karowe stones for $24.7m

By: Leandi Kolver Southern Africa-focused emerging diamond producer Lucara Diamond Corp on Tuesday announced that it had sold 16 single stones totalling 1 028 ct, from its Karowe mine in Botswana, for gross revenues of $24.7-million, at its second exceptional stone tender. The revenue amounted to $24 026 a carat... 

Lucara Diamond Corp lifts q-o-q earnings

By: Henry Lazenby Southern Africa-focused emerging diamond producer Lucara Diamond Corp reported net earnings of $22.7-million, or $0.06 a share, for the three months ended June 30, saying it had an “exceptional” first half of the year with sales proceeds of more than $80-million from over 230 000 ct sold. The... 

Lucara Diamond Corp lifts diamond sales outlook by 5%

By: Henry Lazenby Canadian precious stone miner Lucara Diamond Corp has had an “exceptional” start to the year and, based on an increased mining rate, on Monday lifted its expected sales for 2013 by 5% to 420 000 ct when compared with its previous guidance. Vancouver-based Lucara said it expected its flagship... 

Lucara’s first large-stone tender delivers ‘exceptional’ results

By: Henry Lazenby Southern Africa-focused diamond producer Lucara Diamond Corp on Wednesday said its first special tender of large and exceptional diamonds had fared exceptionally well, confirming the quality of diamonds mined from its flagship Karowe mine, in Botswana. The special tender of Karowe diamonds... 

Lucara recovers 239.2 ct diamond at Botswana mine

By: Creamer Media Reporter Southern Africa-focused diamond producer Lucara Diamond Corp has recovered a 239.2 ct diamond, as well as a 124 ct and a 71.1 ct stone, at its Karowe mine, in Botswana. “The recovery of these large stones is hugely significant to both Lucara and Botswana. To the best of my knowledge, the 239 ct... 

Lucara Diamond foresees sales of 400 000 ct in 2013

By: Henry Lazenby Southern Africa diamond producer Lucara Diamond on Wednesday said it expects to sell 400 000 ct in 2013, which would be the first year of full production from the company’s flagship Karowe mine, in diamond-rich Botswana. Lucara said the Karowe mine is expected to process 2.5-million tons in... 

Lucara sells 9.46 ct blue diamond for $4.5m

By: Henry Lazenby Toronto-, Gaborone- and New York-listed Lucara Diamond said it sold a 9.46 ct blue diamond, recovered at its Karowe mine in Botswana, for $4.5-million. A total of 52 lots were put up for sale last week, containing 56 982 ct of diamonds. All lots were sold for an average price of $300/ct,... 

Lucara Diamond completes trial mining at Lesotho project

By: Henry Lazenby Triple-listed Lucara Diamond on Monday said a second auction of diamonds from its Mothae project, in Lesotho, which was held in Antwerp, Belgium, last week, brought to an end the project’s trial mining programme. "The completion of the trial mining programme at Mothae marks a significant... 

Lucara lowers production, sales guidance from Botswana mine

By: Henry Lazenby Toronto-listed miner Lucara Diamonds on Friday said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in Botswana – the result of a water shortage hampering recovery and lower grades being fed through the mill. The sales forecast for the year was reduced from 300 000... 

Lucara completes second auction, undeterred by soft demand

By: Henry Lazenby Diamond junior Lucara Diamond on Monday said it had completed its second auction of diamonds from its Karowe mine, in Botswana, raking in $6.5-million in revenue. On July 16, a total of 35 individual lots containing 36 842 ct of diamonds were put up for sale, of which 32 lots were sold. 

Lucara nets $5.64m in first Karowe diamond auction

By: Henry Lazenby Southern Africa-focused diamond miner Lucara Diamonds on Monday sold the first 26 196 ct of diamonds produced from its Karowe mine, in Botswana, for a total of $5.64-million during an online sale. Lucara said 35 individual lots containing 29 339 ct of diamonds were put up for sale through the... 

Lucara recovers first Karowe diamonds, closes $25m facility

By: Henry Lazenby 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 production from the mine, with over 5 300 ct recovered... 

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