Industry News by Nemesis

Exceptional Stones Part of Lulo Tender in Early 2018, Says Lucapa

December 20, 2017


Lucapa Diamond Company Limited said the next sale of goods from the Lulo mine in Angola will take place in early 2018, with the timing of the sale designed to maximize sale proceeds by selling into a usually stronger demand period at the beginning of the year.


The next sale parcel will include 2,160 carats of Lulo production sent to Luanda last week.


This includes exceptional 129 carat and 78 carat Type IIa D-color diamonds recovered from Mining Block 6 in November 2017.


Lucapa and its Lulo partners will also consider the next loan repayment to Lucapa and cash distribution to the partners following the finalization of the 2017 annual accounts for the Lulo alluvial mining company, Sociedade Mineira Do Lulo, and the conclusion of the above diamond sale in 2018.


Source: Idex

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