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Top News In Lulo Mine Today - Breaking & Trending Today
Lucapa Reports Strong First Quarter RAPAPORT. Revenue at Lucapa Diamond Company soared in the first three months of the year as the miner benefited from a rebound in the rough market. Sales from the company’s Lulo mine in Angola increased 22% year on year to $9.5 million for the quarter ending March 31, Lucapa said Monday. An 89% surge in sales volume to 5,313 carats outweighed a 35% drop in the average price to $1,796 per carat. Meanwhile, revenue from Lucapa’s Mothae mine in Lesotho leaped to $11.5 million from $2.1 million a year earlier. Sales volume climbed 63% to 10,295 carats, and the average price jumped 330% to $1,117 per carat. ....
Lulo Mine Turns Out Sixth Large Stone This Year RAPAPORT. Lucapa Diamond Company has recovered a 144-carat rough diamond from its Lulo alluvial mine in Angola, it said Tuesday. The company found the D-color, type IIa diamond at the site’s Mining Block 08, a section of the deposit known for its large, high-value rough. The stone is the sixth over 100 carats Lucapa has found at Lulo this year, and the 23rd of that magnitude from the site since mining operations began. The miner unearthed three 100-carat-plus diamonds last week: a 131-carat, D-color, type IIa diamond, a 118-carat brown, and a 133-carat, lower-quality grey diamond. ....
Lucapa Diamond Company will temporarily close its Mothae mine in Lesotho during a 14-day nationwide lockdown.Starting Thursday, the company will put the deposit on care and maintenance for two weeks to ensure the health and safety of its workers, it said Wednesday. The suspension will likely. ....
Lucapa Diamond Company will temporarily close its Mothae mine in Lesotho during a 14-day nationwide lockdown.Starting Thursday, the company will put the deposit on care and maintenance for two weeks to ensure the health and safety of its workers, it said Wednesday. The suspension will likely. ....
RAPAPORT. Lucapa Diamond Company has sold $5.6 million worth of rough to manufacturer Safdico via a partnership the two companies formed last year. The Graff subsidiary bought 4,676 carats of diamonds from the Mothae deposit in Lesotho at Lucapa’s first sale of goods from the site this year, the miner reported Monday. The sale achieved an average price of $1,198 per carat, the highest Lucapa has achieved for Mothae run-of-mine goods since commercial production began in the fourth quarter of 2019. The parcel included a 101-carat, D-color diamond that Lucapa recovered in December the most valuable the company has found at the mine, it said. ....