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DIAMONDS

Lucara lowers production, sales guidance from Botswana mine

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...
11th August 2012
 
DIAMONDS

Lucara completes second auction, undeterred by soft demand

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...
17th July 2012
 
DIAMONDS

Lucara nets $5.64m in first Karowe diamond auction

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...
12th June 2012
 
DIAMONDS

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...
23rd April 2012
 
MINING INDABA PREVIEW

Mining Indaba Schedule

27th January 2012
 
DIAMONDS

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...
14th December 2011
 
DIAMONDS

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...
7th December 2011
 
DIAMONDS

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.
25th August 2011
 
DIAMONDS

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.
21st July 2011
 
DIAMONDS

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...
15th July 2011
 
DIAMONDS

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...
7th July 2011
 
DIAMONDS

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...
2nd November 2010
 
 
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