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Lucapa Diamond announced Tuesday that together with its Lulo alluvial mine partners, Endiama and Rosas & Petalas, the company has recovered a 195 carat Type IIa diamond from its Lulo mine in Angola.
The diamond is the sixth largest and the 44th +100 carat diamond to be recovered from the Lulo mine, the company said, adding that the 195 carat Type IIa diamond is the fourth +100 diamond to be recovered at Lulo this year. The mine, which hosts the world’s highest dollar-per-carat alluvial diamonds, began commercial production in January 2015. Only a year later, it delivered the largest ever diamond recovered in Angola — a
Lucapa has a 40% stake in the Lulo mine. The rest is held by Angola’s national diamond company and Rosas & Petalas, a private entity. Angola is the world’s fifth diamond producer by value and sixth by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully being liberalized.Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.South African Shell-BP refinery purchase raises clean-up concern
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