Production in 2018 was 9.4 million carats.
ANGOLA Mining News
Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.
Leading global diamantaires invited to purchase exceptional Angolan diamonds as part of new marketing policy
The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.
Seven exceptional Lulo diamonds, including a 46-carat pink and six top-colour Type IIa white gems, will be showcased.
The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).
First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.
The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.
According to Lucapa, policy shifts in the southern African country allow management to plan for the sale of such high-value stones, something the company was not able to do before.
The move makes the company the first mining major to request exploration permits in the country since President João Lourenço vowed to open up the sector and encourage foreign investment.
Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.
This time is a 114-carat white stone.
Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.
Australia’s Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program.
Lucapa has a 35-year license for Lulo, which early last year bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.
President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.
Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.
The 46-carat pink diamond is the largest coloured gem-quality stone ever recovered at the company's Lulo project.
Figures takes proceeds from Lulo diamonds sales so far this year to $10.8 million, at an average price per carat of $1,731.
Angola is one of the world’s top 5 diamond producers, but much of the territory remains under-explored due to 27 years of civil war.
The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.
Deal provides the diamond giant with access to a production base outside Russia.
The rival companies have unearthed three diamonds larger than 100 carats each.
It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.
Discovered in February last year in eastern Angola, the 404.20-carat rough diamond was also the largest found so far in the southern African country.