Lesotho Mining News

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.

Gem Diamonds on fire, finds sixth giant rock this year

Latest discovery is a 152-carat, top white colour Type IIa diamond, dug up at the company's flagship Letšeng mine in Lesotho.

Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks

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.

Gem Diamonds on a roll, now finds 149-carat rock

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.

Gem Diamonds shares on fire as miner finds 910-carat rock

Massive find is believed to be the fifth biggest gem-quality diamond ever found

Gem Diamonds, Lucapa kick off 2018 with massive findings

The rival companies have unearthed three diamonds larger than 100 carats each.

Gem Diamonds finds seventh largest rock this year at Lesotho mine

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.

Solid demand for large stones boosts Gem Diamonds sales

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 delivers tailings disposal system for Liqhobong in fast track contract

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.

Firestone Diamonds soars on largest find to date at Lesotho mine

It's a 134 carat gem-quality light yellow diamond recovered at the company's its Liqhobong mine.

Gem Diamonds finds another huge diamond at Lesotho 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.

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

Another huge diamond unearthed in Lesotho mine

The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.

Gem Diamonds finds two large rocks at flagship mine in Lesotho

The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.

Gem Diamonds found this high-quality 80-carat rock in Lesotho

The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.

Firestone Diamonds almost done with ramp-up at flagship mine in Lesotho

The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.

Firestone soars after finding massive diamond at new Lesotho mine

The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

Lucara revenues for first exceptional tender exceed US$51 million

The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.

World's second-largest diamond to go under the hammer uncut

The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.

World’s second-largest diamond ever found named ‘Our Light’

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.