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Milana Kreation

Lucapa Earns $1M from Sale of Angolan Rough

Luanda: Australian junior miner Lucapa Diamond Co. earned US$0.95 million (A$1.25 million) from a parcel of 1,236 carats at their fifth sale in 2017 of rough diamonds from the Lulo Project in Angola. This represents an average price of US$770 (A$1,013) per carat, and brings their total 2017 sales to US$15.4 million (A$20.3) at an average price of US$1,620 (A$2,132) per carat.

The company notes that, as with the previous sale, the diamonds from this sale parcel come from Mining Block 2B, but mining operations have again returned to higher-value Mining Blocks 8 and 6 as the Angolan wet season comes to a close.

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