https://www.engineeringnews.co.za

Lucapa eyes Aim listing, to hunt for new diamond assets in Africa

Lucapa MD Stephen Wetherall

Lucapa MD Stephen Wetherall

8th September 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed diamond miner Lucapa has flagged plans for a possible listing on the London Aim exchange, as well as plans for further project acquisitions.

The company is looking to build on the success achieved at its Lulo mine, in Angola, where it recovered a 38.6 ct pink diamond this week, Lucapa CEO and MD Stephen Wetherall told delegates at the Africa Downunder conference in Perth, on Thursday.

He said Lucapa was in discussions with its joint venture partners at Lulo, State-owned Ediama and local partner Rosas & Petalas, to increase its current 40% interest in the mine, which earlier this year delivered Angola's largest-ever diamond.

In February, Lucapa announced the recovery of an exceptional 404 ct Type IIa D-colour diamond, which later sold for $16-million.

In the year-to-date, alluvial production at Lulo has generated more than $32-million in revenue from the sale of 10 200 ct.

Wetherall also said that Lucapa is considering an Aim admission to position itself for future growth, while exploring other diamond opportunities in Angola and the Central African Republic.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.09 0.137s - 156pq - 2rq
Subscribe Now