Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.

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Lucara Diamond Corp

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Comment by AndersSon Mar 19, 2019 5:44pm

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Post# 29507731

RE:RE:RE:RE:RE:Too good to hope for?

"While Rio Tinto has previously said the mine would close in 2020, Jacques hinted it could be even sooner."
https://www.miningmonthly.com/life-cycle-end-of-life-management/news/1357841/argyle%E2%80%99s-diamond-digging-days-almost-done

The Argyle mine produced 14 million carats in 2018 which is about 10% of the total world production. However, the large majority of Argyle diamonds are small and low in quality and color, but highly valuable Argyle pink and red diamonds have made the mine economic.

Gerrywerry wrote: Better prices for our diamonds going forward as other diamond mines near the end of life which should start having an effect in 2020 .

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