It’s the second one over 70-carat Firestone has found at its Liqhobong mine this year.
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The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of the Lesotho-based mine, which began commercial production in December.
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Africa-focused diamond miner said current market conditions didn’t support expansion project at the Lesotho mine.
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While the 83.9 carat rock was not gem-quality, Lucapa says the find continues to underline the large-stone nature of the kimberlite resource.
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Company cited uncertainty about the global diamond industry as one of the main reasons for choosing not to pay a divvy.
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The white, makeable diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December.
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Company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.
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The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter.
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The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).
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Miner is ending 2018 on a high note after finding another two large diamonds from its Letšeng mine in Lesotho, the world’s highest dollar per carat diamond operation.
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