Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Lucapa eyes majority stake in Angola’s Lulo diamond mine

29 november 2019
Lucapa Diamond is in advanced discussions with the Angolan Ministry of Mineral Resources and and Angola’s national diamond company Endiama to potentially secure a majority stake in the Lulo joint venture.

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  Block 8 of Lulo diamond mine                                                                                   Image credit: Lucapa Diamond

The company currently holds a 39% interest in Lulo and is the operator of the kimberlite exploration joint venture.
Endiama holds 51% while Rosas & Petalas owns the remaining 10%.
Lucapa said it hopes to conclude the discussions in the first quarter of 2020.
Lulo holds the primary (kimberlite) exploration licence for the 3,000km2 Lulo diamond concession in Angola.
The kimberlite exploration programme aims to identify the primary hard-rock source or sources of the alluvial diamonds being mined by Lucapa and its partners at Lulo, which have achieved average run of mine sale prices of about $1,900 per carat.

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