Lucara Diamond

From Wikipedia, the free encyclopedia
Lucara Diamond Corp.
Type Public
Traded as TSX: LUC
Industry Mining
Headquarters Southern Africa

Lucara Diamond Corp. (TSX: LUC) is a diamond exploration and mining company, operating in southern Africa[1][2] but established in Canada.[3]

In March 2011, Lucara was reported to be discussing a merger with Gem Diamonds.[4]

Operations

  • Lucara owned a 40% share of the AK6 kimberlite project in Botswana. In October 2010, Lucara bought African Diamonds, giving it a 100% share in the mine.[5] The mine has an estimated $2.2Bn of diamonds.[6] AK6 is in the Orapa/Letlhakane district.[7]
  • Mothae diamond project in Lesotho: Kimberlite processing began in June 2010;[8] a 53.5 carat diamond has already been discovered.[9]
  • Kavango project in Namibia[10]
  • Planned mines, and applications for mining licenses, in Zimbabwe, Cameroon, and Botswana.[11]

People

The president and COO of Lucara is William Lamb; in 2009, Eira Thomas joined the board.[12] The VP of development is Tony George.[13]

External links

References

  1. ↑ "Lucara". 2010-10-16. Retrieved 2010-10-31. 
  2. ↑ "Lucara Diamond Corp. (LUC) - Financial and Strategic Analysis Review - a new market research". Retrieved 2010-10-31. 
  3. ↑ "Lucara Diamond Corp. - Vancouver, British Columbia, Canada". 2010-08-22. Retrieved 2010-10-31. 
  4. ↑ "Gem Diamonds in talks with Lucara". Mining Journal. Retrieved 2011-03-27. 
  5. ↑ "Diamond deal for African mining company". This is Money. Retrieved 2010-10-31. 
  6. ↑ "African Diamonds partner Lucara Diamond ups in situ value of AK6 to at least $2.2 billion - Proactiveinvestors (UK)". Retrieved 2010-10-31. 
  7. ↑ "Lucara to Acquire 100% of AK6 Diamond Project in Botswana". Market Wire. 2010. Retrieved 2010-10-31. 
  8. ↑ "Diamonds.net News - Lucara Begins Production at Lesotho Diamond Mine". Retrieved 2010-10-31. 
  9. ↑ "Lucara Recovers 53.5 Carat Diamond at Mothae Mine, Lesotho". Retrieved 2010-10-31. 
  10. ↑ "Namibia - Kavango Project". Retrieved 2010-10-31. 
  11. ↑ "Mining Journal - Lucara bids for African Diamonds". Retrieved 2010-10-31. 
  12. ↑ "Eira Thomas Joins Lucara Diamond Board". www.DiamondNe.ws. Retrieved 2010-10-31. 
  13. ↑ "Lucara Appoints Tony George VP Development". Retrieved 2010-10-31. 
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