Lucapa Diamond Company extracts another large diamond in Angola

12 July 2018

The Lucapa Diamond Company continues to extract large diamonds at the Lulo mining concession in Angola, the latest being a 114-carat stone, the eleventh diamond to date and the third of this year with more than 100 carats (20 grams) mined in that region, the Australian company said in a statement released on Wednesday.

The company announced last week that it had extracted 118 special diamonds in the first half of 2018, including a 49-carat pink diamond, the largest coloured diamond ever found in that concession area.

The Australian company is the operator of Sociedade Mineira do Lulo, with a stake of 40%, and its partners are the state-owned Empresa Nacional de Prospecção, Exploração, Lapidação & Comercialização de Diamantes de Angola (Endiama), with 32% and Angolan private company Rosas & Pétalas with 28%.

The Lucapa Diamond Company is also present in Lesotho where it has a 70% stake in the Mothae project, located 5 kilometres from the Gem Diamonds’ Letšeng mine, where a 910-carat diamond (182 grams) was extracted in February, the fifth largest ever found anywhere in the world. (macauhub)

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