Lucara Diamond

Africa Mining: Botswana Lucara recovers 472 ct diamond at Karowe

Posted on April 13, 2018 by Mozambique Resources Post

Lucara Diamonds has recovered a 472 ct, top light brown gem diamond in Botswana. It is the third largest diamond recovered from the company’s 100%-owned Karowe diamond mine.

Africa Mining: Lucara’s FY17 profit dips 8% on lower sales

Posted on February 23, 2018 by Mozambique Resources Post

Southern Africa-focused miner Lucara Diamond Corp has reported an 8% drop in full-year profit as lower production and the sale of fewer special diamonds weighed on the bottom line.

Africa Mining: Lucara Diamond readies for $195 million expansion of Karowe mine

Posted on November 6, 2017 by Mozambique Resources Post

Canada’s Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2015 after finding the world’s second-largest diamond, is ready to begin planning a $195 million underground expansion of its Karowe diamond mine in Botswana as a preliminary economic assessment (PEA) revealed the feasibility of such project.

Africa Mining: Botswana world’s second-largest diamond ‘too big’ to sell – to be cut

Posted on July 18, 2017July 18, 2017 by Mozambique Resources Post

The world’s second-largest diamond ever found, unearthed by Canada’s Lucara Diamond (TSX:LUC) in Botswana two years ago, will have to be cut after it failed to sell at a Sotheby’s auction last summer.

Africa Mining: Botswana Lucara 1Q revenues disappoint

Posted on May 4, 2017 by Mozambique Resources Post

Botswana-focused Lucara Diamond (TSX:LUC) posted weaker than expected results in the first quarter, as the company was hobbled by high rainfall in February and March which limited production at its Karowe diamond mine.

On Resources Investing News: 3 Big Diamonds in the News This Week

Posted on April 23, 2015 by Mozambique Resources Post

It’s been a big week for diamonds — both literally and figuratively. In the past week not only have two diamond miners announced major finds, but news has hit the wire that Sotheby’s will be auctioning off a large diamond. Here’s a look at the three diamonds and what makes them exciting.