Articles for tag: 195caratDiamondLucapaLulorecovers

May 28, 2024

Ron Finklestien

mining

Lucapa recovers 195-carat diamond from Lulo mine

The mine, which hosts the world’s highest dollar-per-carat alluvial diamonds, began commercial production in January 2015. Only a year later, it delivered the largest ever diamond recovered in Angola — a 404-carat white stone later named the “4th February Stone”. Lucapa has a 40% stake in the Lulo mine. The rest is held by Angola’s national diamond company (Endiama) and Rosas & Petalas, a private entity. Angola is the world’s fifth diamond producer by value and sixth by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully being liberalized.

March 18, 2024

Ron Finklestien

mining

The Sparkling Triumph of Lucapa: A Diamond in the Rough

Shining Brighter: Lucapa’s Ascendance Lucapa’s recent meteoric rise is a testament to the unwavering spirit of exploration and innovation in the mining industry. The company’s fortunes have skyrocketed by a staggering 48% following a substantial surge in resources at their Angola mine. Flawless Evaluation: Unveiling Lucapa’s Treasure Trove An independent assessment by South Africa’s Z Star Mineral Resource Consultants revealed an impressive evaluation of the mine’s resources valued at $1,897 per carat. Despite a modest 5% dip from the previous year, ridden with the rough waters of declining diamond prices, Lucapa stands resilient. Growth Against all Odds: Lucapa’s Triumph With