Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation. Advertisements
Diamond miner Lucapa Diamond Company (ASX: LOM) has unearthed a massive 128-carat diamond from its flagship Lulo alluvial mine in Angola, making it the twelfth sparkler measuring over 100ct recovered from the field to date.
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A 78 ct white diamond has been recovered from the Mothae diamond mine, in Lesotho.
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Commercial diamond mining has started at the Mothae mine, in Lesotho, ASX-listed Lucapa Diamonds reported on Wednesday.
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Australia’s Lucapa Diamond (ASX:LOM) said Thursday it had received ZAR100 million (about $7 million) from South Africa’s IDC — of the largest development financiers in southern Africa — to boost development at its 70%-owned Mothae mine in Lesotho.
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Lucapa Diamond (ASX:LOM) said it supports the recent diamond sector reforms announced by Angola’s government and that it will sell certain select large premium-value diamonds from its prolific Lulo mine through the country’s new marketing channels.
Read MoreLucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamonds sourced from residual material and kimberlite stockpiles.
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