LUCAPA’S DIAMOND PRODUCTION UP 63% IN Q2
Lucapa Diamond Company has announced that diamond production at its Lulo mine in Angola was up 63% year-on-year to 4,203 carats in the second quarter ended in June 2017. The diamond production increase was “generated from a 55% rise in mining volumes to 57,283 bulk cubic metres”, according to the report”.
The average size of the diamonds recovered was steady at 1.3 carats, and sales totaled $4.8 million during the quarter – up 58%. According to the miner, “This took total sales for the first half of 2017 to $15.4 million”.
According to the report, the number of Special diamonds (large diamonds over 10.8 carats) recovered was up 97% to 57 diamonds. The total weight of Specials produced during the quarter was up 76% to 1,199 carats, including two +50 carat diamonds.