Yesterday, Lucapa Diamond announced that it had extracted the first diamonds of Mothae mine, that it owned at 70%. The largest of these stones extracted weighed 6.6 carats.
Lucapa indicated that the extraction was done with the existing bulk sampling plant and infrastructure, which it renovated sooner than announced in the framework of the sampling program.
The company also said that works were ongoing at the 150th processing plant, including a large diamond recovery XRT system but the commissioning and commercial production are expected for the second part of this year.
Once operational, Mothae mine which has a 13.5-years lifetime should produce 498,000 carats annually.
Louis-Nino Kansoun
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
Airline orders 10 Boeing 737 MAX 8 to modernize fleet and boost capacity Deliveries set between mid-2026 and 2027 as part of broader expansion...
Cameroon signed a $75 million concessional loan with the Saudi Fund for Development for a 77-km road project. The Sorawel-Dourbey road aims...
71% of consumers say lending rates remain non-competitive across African markets. Over 54% of respondents cite a lack of transparency on interest...
Tunisia and Algeria create a digital platform to connect universities and labs for AI research collaboration The platform aims to accelerate...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...