Gem Diamonds and Lucara find first big stones of 2024

Africa-focused miners Gem Diamonds (LON: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations.

Lucara Diamond starts shaft-sinking at $547m Karowe mine expansion

Mining News Pro - Canada’s Lucara Diamond is moving towards the main shaft sinking phase at the underground expansion project of its Karowe mine in Botswana, which will extend the operation’s life until 2040.

Expansion of Lucara’s Karowe mine to take longer and cost more

Mining News Pro - Canada’s Lucara Diamond (TSX: LUC) has adjusted the cost and timeline of the underground expansion of its Karowe mine in Botswana, one of the world’s most prolific sources of large, high value type IIA diamonds.

Lucara recovers 393 ct diamond at Karowe

Mining News Pro - Lucara Diamond Corporation has recovered a 393.5 ct top white Type IIa gem-quality diamond from its 100%-owned Karowe diamond mine in Botswana.

Lucara uncovers Botswana’s largest fancy pink diamond yet

Mining News Pro - Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink gem yet, as well as one of the world’s largest pink diamonds on record, weighing 62.7 ct.

Lucara signs $220m senior debt facilities to expand its Karowe mine

Mining News Pro - Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs).

Lucara announces C$38m financing

Mining News Pro - Botswana-focused Lucara Diamond Corp on Thursday announced C$38-million in financing to support the development and ongoing operation of its Karowe mine.

Lucara strikes again with diamond over 1,000 carats

Mining News Pro - Canada’s Lucara Diamond has recovered a 1,174 carat diamond from its company’s prolific Karowe mine in Botswana, the third over 1,000 carats recovered since 2015.

Lucara secures $220m for Botswana diamond mine expansion

Mining News Pro - Canadian miner Lucara Diamond Corp has secured credit-approved commitments for senior debt facilities of up to $220-million to fund the underground expansion of its Karowe mine that will allow the operation to continue until at least 2040.

Botswana extends Lucara’s Karowe license to 2046

Mining News Pro - Canada’s Lucara Diamond said Botswana has renewed the company’s mining license for its Karowe mine for another 25 years, paving the way to move the mine’s underground expansion to its execution phase.

Lucara strikes again with 998-carat diamond at Karowe

Mining News Pro - Canada’s Lucara Diamond has found yet another massive stone at its prolific Karowe mine in Botswana, the same asset that last year yielded the 1,758-carat Sewelô (“rare find”), the second-largest diamond ever mined.

Lucara says diamond market stabilising

Mining News Pro - Lucara Diamond Corporation, which has reported a strong third-quarter performance, has recovered a 998 ct high white clivage diamond from its wholly-owned Karowe diamond mine, in Botswana.

Lucara strikes new cut and polish deal with Louis Vuitton

Mining News Pro - Canada’s Lucara Diamond has struck a new deal with luxury house Louis Vuitton to cut and polish a 549-carat white gem diamond, which was found in February at the company’s prolific Karowe mine in Botswana.

Lucara ends second quarter with $14 million loss

Mining News Pro - Canada’s Lucara Diamond saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of larger stones amid pandemic-fuelled uncertainty in an already weak global diamond market.

Lucara posts $14m second-quarter net loss, but supply agreement will soon boost revenue

Mining News Pro - Canadian mining company Lucara Diamond Corporation expects revenue from its unique supply agreement with HB Group to start realising during the third quarter.

Lucara hopes to make diamond supply chain more efficient

Mining News Pro - Amid uncertain times for the diamond industry, Canada’s Lucara Diamond Corp has managed to seal a supply agreement with a group in Antwerp, Belgium, that will secure regular cash flow, using a unique pricing mechanism.

Lucara’s trailblazing MD aims for further progress

Mining News Pro - With her promotion to MD of diamond mining company Lucara Botswana in 2018, Naseem Lahri became the first woman, and the first Motswana woman, to serve in this capacity for a diamond mining company in Botswana.

Low Diamond Prices: Lucara First-Quarter Loss

Mining News Pro - Lucara Diamond Corporation has posted a net loss of $3.2-million, or $0.01 a share, for the quarter ended March 31.

Lucara Diamond’s sales beat expectations in fresh sign of market improvement

Mining News Pro - Canada’s Lucara Diamond is the latest miner to inject some optimism into a depressed market that was hit this year by an unforeseen oversupply and increasing demand for lab-made gems by announcing better than expected sales in December.

Lucara bets on diamond market recovery, plans mine expansion

Mining News Pro - Canada’s Lucara Diamond doesn’t seem deterred by weak conditions affecting the market as it plans to boost sales returns by targeting higher grade areas of its Karowe mine in Botswana.

Lucara’s record-breaking diamond discovery

Mining News Pro - Lucara Diamond Corp has recovered one of the largest diamonds on record at the Karowe diamond mine in Botswana.

Lucara pulls 1,758-ct near gem from Karowe mine

Mining News Pro - Lucara Diamond Corp., headquartered in Vancouver, has pulled another gigantic diamond from its Karowe mine. It is described as weighing 1,758 carats, variable quality near gem. It is the largest stone ever mined at Karowe.

Lucara recovers 240 ct diamond at Karowe

Mining News Pro - Lucara Diamond Corporation`s Karowe mine, in Botswana, has yielded another significant find – a 240 ct top white gem diamond.

DIAMONDS: Lucara subsidiary firms up ties with Sarine

Mining News Pro - With Clara and Sarine technologies, the origin and ownership of every Lucara diamond will be easily traceable. (Image: Lucara Diamond)

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