Africa Mining: Another large diamond for Lucapa in Angola

A top quality 62 carat (12.4 grams) diamond has been extracted at the Lulo concession in Lunda Norte province by Australia’s Lucapa Diamond Company, which functions as operator with a 40 percent stake, the company reported in a statement issued to the market.

The diamond now found is the second large top quality diamond extracted this month at the Lulo mine, though this time it was found in a new alluvial exploration area along the Cacuílo River.

The first one extracted this month weighed 227 carats (55.4 grams) and was also top quality. It is the second biggest diamond ever found in Angola.

On 4 February 2016 the Lucapa Diamond Company announced the discovery of a 404 carat (80.8 grams) diamond at the Lulo mine in Lunda Norte province, the biggest ever found in the country.

The two diamonds found this month, weighing 227 carats and 62 carats, should be placed on sale rough in the next few weeks, the Lucapa Diamond Company indicated.

The Lucapa Diamond Company’s partners in this concession are the state-held Empresa Nacional de Diamantes de Angola (Endiama), with a 32 percent stake, and the Angolan private company Rosas & Pétalas, with 28 percent. (source: Macauhub)