This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds.
Lesotho Mining News
Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.
The company that digs the world’s most valuable diamonds may soon become the one that also finds the biggest.
The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.
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.
With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.
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 company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.
It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.
Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.
Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.
The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.
The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.
Massive find is believed to be the fifth biggest gem-quality diamond ever found
The rival companies have unearthed three diamonds larger than 100 carats each.
It's a high quality 202-carat, D colour type IIa rock found at Letšeng mine, the world’s highest dollar per carat kimberlite diamond operation.
The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.
DemcoTECH Engineering, designed and supervised construction and commissioning of a materials handling system for the disposal of dry tailings at Liqhobong Diamond Mine in Lesotho in less than a year.
It's a 134 carat gem-quality light yellow diamond recovered at the company's its Liqhobong mine.
Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.
The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.
The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.
The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.