News

Advanced Search

Lucapa’s Mothae Mine Exceeds Expectations

Jan 22, 2019 7:27 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
The Mothae mine in Lesotho is performing better than expected since reaching commercial production in the fourth quarter.

The asset is producing 3.94 carats per 100 tonnes, compared to the initial resource guidance of 1.92 carats per 100 tonnes, the owner, Lucapa Diamond Company, said last week.

Lucapa commenced the commissioning phase during the fourth quarter ending December 31, and recovered 3,089 carats of rough from the southeast portion of the mine during the period. Six special-size stones — weighing over 10.8 carats — were unearthed, including two D-color white diamonds weighing 78 and 38 carats.

Initial sales of output from Mothae’s bulk-sampling phase yielded individual sale prices of up to $15,000 per carat. Lucapa will sell fourth-quarter production at tender in Antwerp early this year.

Image: The 38-carat special recovered at Mothae. (Lucapa)
Tags: lucapa, Lucapa Diamond Company, Mothae, Mothae Mine, Rapaport News
Similar Articles
LucaraKarowe Yields Two Massive Stones
Sep 19, 2019
Lucara Diamond Corp. has recovered a 123-carat, type II rough and a 375-carat, gem-quality stone from the
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.