Diamond News

November 28, 19 by IDEX Online Staff Reporter

(IDEX Online) - Lucapa Diamond Company has confirmed that it has been holding advanced discussions with the Angolan Ministry of Mineral Resources and Petroleum and Angola's national diamond company Endiama E.P. to secure a majority stake in the Project Lulo joint venture.

Lucapa holds a 39-percent interest in the Angolan project and is the operator of the kimberlite exploration joint venture. The remainder is held by Endiama (51%) and Rosas & Petalas (10%).

The kimberlite exploration program aims to identify the primary hard-rock source or sources of the alluvial diamonds being mined by Lucapa and its partners at Lulo, which have achieved average run of mine sale prices of over $1,900 per carat.

Lucapa said it hopes to conclude those discussions in the first quarter of 2020....

Read more from our friends at IDEX

Diamond Buyers Club

twitter facebook 

Follow us on Twitter and Facebook

Contact Us

+1 (832) 736-2772

PO Box 5613 
Katy, TX, USA