Lucara Diamond Corp
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Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a growing momentum in sales. Several small producers also reported their…
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DIAMONDS: Lucara sales deal to keep cash flow from large stones coming for 2020
VANCOUVER – Lucara Diamond has found an avenue to sell its large diamond production from its Karowe mine in Botswana, through an agreement with HB Group, an Antwerp-based diamond manufacturer. The deal will ensure the company will see cash flow…
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DIAMONDS: Natural Diamond Council makes marketing push
The Diamond Producers’ Association (DPA), established only five years ago by a coalition of diamond miners including De Beers and Alrosa, has relaunched as the Natural Diamond Council. In addition to continuing to advertise natural diamonds as the DPA did…
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MINING PEOPLE: Lucara, McEwen Mining, OceanaGold, Orla, Osisko, SRG
David Guerrero has been selected as the Argentine country manager for Alpha Lithium; Brad Nichol is now the company’s CEO and president. Darryl Jones has resigned as president and CEO but will remain on the company’s board. Karim Nasr is…
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DIAMONDS: Lucara recovers 549-carat white diamond
BOTSWANA – Lucara Diamond has recovered a 549-carat diamond from its Karowe mine in Botswana. The mine – one of the world’s most prolific producers of large and high-value type IIA diamonds – is the only diamond mine in recorded history…
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DIAMONDS: Tomra sorter boosts Lucara’s exceptional finds
NORWAY – Lucara Diamond Corp. owns the Karowe diamond mine in Botswana, one the foremost producers of very large, high quality Type IIA diamonds in excess of 10.8 carats. Historic recoveries include the 1,109 carat Lesedi La Rona – the…
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DIAMONDS: Feasibility confirms strong case for Karowe underground
BOTSWANA – A new feasibility study shows that underground development at Lucara Diamond’s rich Karowe diamond mine in Botswana could double the mine life of the operation. Open pit mining at the operation is expected to last until mid-2025. For…
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DIAMONDS: Lucara results highlight difficult market
BOTSWANA – Despite higher production, Lucara Diamond saw lower revenue in its second quarter than the same period a year earlier, highlighting a difficult environment for diamond miners. Lucara reported net earnings of US$700,000 for the quarter on revenue of…
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DIAMONDS: Lucara has two-pronged growth plan, CEO Eira Thomas says
LONDON, U.K. – The following is an edited excerpt of an interview with Lucara Diamond president and CEO Eira Thomas, carried out by Dean MacPherson, head of business development for global mining at TMX Group, at The Northern Miner’s Canadian Mining Symposium…
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Diamond mining industry ripe for consolidation, says Lucara’s Eira Thomas
Dean MacPherson: I want to jump right into it and get your opinion on the state of affairs in the diamond industry and the mining industry generally. What’s happening, what are you seeing, what are you feeling? Eira Thomas: The common theme…
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DIAMONDS: Lucara pulls 1,758-ct near gem from Karowe mine
BOTSWANA – 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. In November 2015,…
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DIAMONDS: Lucara recovers 240-ct gem from Karowe
BOTSWANA – Earlier this month, Lucara Diamond Corp. recovered a 127-carat top white diamond from its Karowe mine. And the good new just keeps coming. This time the company has recovered a 240-carat top white gem from the same mine.…
