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17/09/2024 08:41Not even a month after they made the news with the second largest diamond in the world, Lucara Diamond announced the recovery of an extraordinary 1,094 carat rough diamond from its Karowe Mine in Botswana. Lucara can confirm that this stone will be polished by HB Antwerp, much like a similar one recovered by them in August 2023.
This marks the sixth +1000 carat stone recovered by the company. The size and quality of this diamond highlight the unique characteristics of the Karowe ore body and reinforce Lucara’s position as a leading producer of large, high-quality diamonds.
22/08/2024 06:08Lucara, the Canadian mining company operating the Karowe mine in Botswana has announced the recovery of an exceptionally large 2,492ct diamond. The mine is renowned for exceptional and large diamonds of high quality, including the the 1,758 carat Sewelô and the 1,109 carat Lesedi La Rona.
10/05/2024 08:14Lucara Diamond in its Q1 2024 release reports total revenues of US$41.1m, slightly down y-o-y from US$42.8m. A total of 93,560ct were sold through its different sales channels, including through the renewed 10-year sales agreement with HB for specials (10.8ct+ rough diamonds) produced, with so-called "top-up payments" resulting in US$4.9m of the total revenues. In total 160 "specials" (5.1% of total cts) were recoverd in Q1, 3 of which larger than 100ct and one larger than 300ct.
23/02/2023 11:44Lucara Diamond has published an updated report on the progress of its underground expansion project at Karowe diamond mine in Botswana.
The expansion will extend the life of the mine to at least 2040 and contribute $4 billion in additional revenues. Mine ramp up is expected in 2026 with full production from underground to be reached in the second half of that year.
30/06/2022 06:18On Tuesday, President Masisi of Botswana, the First Lady, and a large delegation including the country's Minister of Minerals and Energy Moagi and Minister of International Affairs and Cooperation Kwape visited the Antwerp diamond community.
07/04/2022 10:52Africa Intelligence reports that Botswana’s President Masisi, speaking at a gala dinner hosted by Lucara Diamonds, is adding pressure to the negotiations with De Beers on a renewed Debswana contract, the 50/50 joint venture between the government and De Beers. In the current agreement, 75 % of Debswana’s rough is sold via De Beers, 25% is sold via the state-owned Okavango Diamond Company, the latter achieving record sales revenue via its sales in Antwerp last year.
18/02/2022 13:16Mining company Lucara announced that Lukas Lundin, current Chair and a Director of the company, will retire from the Board upon the completion of his term at the company’s upcoming 2022 Annual Meeting of Shareholders.