Lesotho Mining News

Firestone finds another massive diamond at Lesotho mine

It's the second one over 70-carat Firestone has found at its Liqhobong mine this year.

Lucapa Diamond cuts debt related to building Mothae mine

The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of the Lesotho-based mine, which began commercial production in December.

Firestone Diamonds halts Liqhobong mine expansion plans, limits losses

The Africa-focused diamond miner said current market conditions didn't support expansion project at the Lesotho mine.

Lucapa finds fourth +50 carat diamond at Mothae mine in Lesotho

While the 83.9 carat rock was not gem-quality, Lucapa says the find continues to underline the large-stone nature of the kimberlite resource.

Gem Diamonds posts record results, but withholds dividend

The company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.

Firestone shares on fire after finding 70-carat diamond in Lesotho

The white, makeable diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December.

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

The company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.

Firestone Diamonds output down on technical issue at Lesotho mine

The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter.

Lucapa Diamond locks in Mothae mine funding

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).

Gem Diamonds finds record 14 stones over 100 carats in 2018

Miner is ending 2018 on a high note after finding another two large diamonds from its Letšeng mine in Lesotho, the world’s highest dollar per carat diamond operation.

Firestone shares shoot up after finding 46-carat diamond in Lesotho

The gem-quality white stone was recovered undamaged, the miner said, and will be sold at the next tender in January.

Lucapa kicks off commercial production at Mothae diamond mine

The operation will add to the Perth-based company annual output, until now on depending on just one mine —  Lulo, in Angola.

Gem Diamonds revises up full-year output target as recoveries on the rise

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

Firestone hails strong start of second quarter despite slight recoveries fall

The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.

Lucapa secures $7m loan to boost Lesotho mine development

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

Giant diamonds has been mining's one success story this year

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.

Lucapa confident of lifting its diamond success rate in both Africa and Australia

Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.

Gem Diamonds big discoveries reach a dozen

The company that digs the world’s most valuable diamonds may soon become the one that also finds the biggest.

Record-breaking stones boost Gem Diamonds sales

The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.

Lucapa digs up another large diamond, this time in Lesotho

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.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Lucapa on a roll, finds 25-carat yellow diamond in Lesotho mine

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.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

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.

Gem Diamonds soars as it finds seventh giant rock this year

It's a 169-carat, top white colour Type IIa rock diamond dug up at the company's flagship Letšeng mine in Lesotho.

Fifth-largest gem quality diamond in history sold for $40 million

Gem Diamonds found the 910-carat diamond, named "The Lesotho Legend," in January.