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
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...
AIIB approves $200M for Benin’s Greater Nokoué urban mobility project Plan includes road upgrades, public buses, smart traffic and lagoon...
Chad partners with Egypt to modernize state TV and train media staff Project aims to improve Télé Tchad’s content, skills and viewer experience ...
This week in African health news: Global measles cases have dropped nearly 80 percent since 2000, but major challenges remain across the continent....
Access Holdings to seek shareholder approval for ₦40B private placement on Dec 18 Deal aims to boost capital base amid new CBN recapitalization rules...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...