“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

Lucapa prioritises high-value diamond mines

22 february 2019

news_02072018_lucapa.pngLucapa Diamond said it will prioritise production and cash generation from its two high-value diamond mines – Lulo alluvial mine, in Angola and the Mothae kimberlite mine, in Lesotho – to ensure shareholder value is maximised.
 “Growing shareholder value is our major imperative which, in the current climate, we believe warrants a complete focus on our high-value and cash-generating assets,” said Lucapa managing director Stephen Wetherall. 
 “Lulo and Mothae are two of the highest US$ per carat diamond mines in the world. The ability to increase production at our two mines, coupled with the significant marketing policy changes in Angola, leaves Lucapa ideally positioned to deliver additional value in 2019.” 
The company would advance the year-round Lulo kimberlite exploration programme to identify a possible source of the world’s highest-value alluvial diamonds. 
It said the timing of future work programmes for its two earlier-stage diamond exploration assets – the Brooking project, in Western Australia, and the Orapa Area F project, in Botswana – would also be reviewed.
“Our ongoing Lulo kimberlite exploration program will continue unabated, supported by the strong belief and confidence of the Board and our Angolan partners that the hard-rock source of the world’s best alluvial diamonds will be a significant global discovery,” said Wetherall.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished