Angola : Lucapa acjieves record output for Q3 2016
Friday, 14 October 2016 11:54
Miner Lucapa Diamond produced in the previous quarter ended in September, a record diamond output of 8,853 ct at its Lulo project, in Angola, up 154% from that over the same period in 2015.
The new output includes comprises an outstanding number of special diamonds of more than 10.8 ct (137) totaling 3,210 ct. The special diamonds includes two type IIa stones (104 ct and 172 ct respectively) recovered at Lulo, which the company plans to sell this month.
The Lulo diamond mine extends over 3,000 km² and is situated in the Lunda Norte province, located 630 km East of Luanda. Lucapa holds since 2014 a 35-year operating licence for the project.
Louis-Nino Kansoun
Live News
-
Nigeria: Household Debt Hits $38.7 Billion, Surpassing Corporate Borrowing
07:13
-
Cabotage: Nigerian Shipowner Steps Up to Rival Global Giants
19:38
-
DRC: Kamoa-Kakula Copper Output Grows 31% in H1 2025
19:27
-
IMF Approves a Fresh $367 Million Disbursement for Ghana
19:09
-
Cameroon Raises Ownership in Sodecoton to 89% with CFA46 Billion Geocoton Buyout
15:56
-
Cameroon Sees Industrial Growth Dip Amid Hydrocarbon Recession
15:44
-
Andrew Ddembe, the Lawyer Bridging Health and Tech in East Africa
15:28
-
Charles Thuo Boosts African Logistics with Apexloads Digital Platform
15:23
-
India Appoints S.R.H. Fahmi as New Ambassador to Togo
14:50
-
Togo Secures CFA1.2 bn Through Decentralized Cooperation Since 2020
12:57
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Nigerian household debt reached a record \.7 billion in April 2025, 20.4% of GDP, surpassing corporate debt• Inflation (23%) and low incomes are...
• Nigerian Clarion Shipping West Africa Limited debuts vessel aimed to service the cabotage market in the country, and potentially beyond. • The move...
• The IMF has approved an immediate disbursement of $367 million to Ghana, bringing the total financial support provided to the country since May...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...