Diamond miners’ results spark market recovery hopes
Lucapa Diamond (ASX: LOM) and Petra Diamonds (LSE: PDL) provided a glimmer of hope for the precious gemstones market on Tuesday by posting stronger revenues and production figures, signalling a…
Lucapa Diamond
Lucapa recovers 176-carat diamond in Angola
Lucapa Diamond (ASX: LOM) announced Monday the recovery of the fifth stone larger than 100 carats found this year, a 176-carat Type IIa diamond from the Lulo alluvial mine in…
Lucapa to sell majority stake in Lesotho diamond mine
Australia’s Lucapa Diamond (ASX: LOM) has put its 70% stake in the Mothae mine in Lesotho up for sale to focus on its core assets and is discussing options for the 30%…
Lucapa finds Lulo mine’s fifth-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 203-carat diamond at its prolific Lulo mine in Angola, the fifth-largest ever found at the operation. The diamond is also the third 100-carat-plus stone found at Lulo this…
Lucapa Diamond ups resources at Angola mine by 48%
Shares in Lucapa Diamond (ASX: LOM) jumped almost 5% on Monday after the Australian miner announced that inferred resources at its Lulo mine in Angola rose 48% last year. The Lulo mine, in…
Lucapa Diamond puts Merlin feasibility study on back burner
Australia’s Lucapa Diamond (ASX: LOM) has put a feasibility study for its Merlin project in Australia’s Northern Territory on hold due to what it called “unfavourable capital market and diamond price…
Lucapa finds Angola mine’s second-largest diamond
Australia’s Lucapa Diamond (ASX: LOM) has unearthed a 235-carat type IIa diamond from its prolific Lulo mine, the second-largest recovered at the Angola operation since it opened in 2015. The find comes barely a…
Lucapa finds Lulo mine’s third-largest diamond
The diamond is also the second 100-carat-plus stone Lucapa retrieved in October, following the recovery of a 123-carat, type IIa rough at the start of the month. The mine, which…
Video: New discoveries needed to revive Canada’s flagging diamond sector
Canada’s natural diamond market needs a new discovery to invigorate investor interest in a flagging industry, says sector heavyweight Eira Thomas. The Lucara Diamond (TSX: LUC) CEO says several diamond…
Lucapa Diamond achieves debt-free status
Australia’s Lucapa Diamond (ASX: LOM) said on Tuesday it had fully repaid all interest-bearing loans that it borrowed from gold company Equigold and the Industrial Development Corp. of South Africa (IDC). The company,…
Lucapa finds giant pink diamond said to be Angola’s largest in last 300 years
Australia’s Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300…
Lucapa Diamond boosts Lulo mine resource by 35%
Australia’s Lucapa Diamond (ASX: LOM) has reported a 35% increase in the resource carats at its Lulo diamond mine in Angola, where the company found a 113-carat white diamond in January. Despite…