Angola’s Lulo Diamond Mine Sees 18% H1 2023 Production Growth

Angola’s Lulo Diamond Mine Sees 18% H1 2023 Production Growth

The Lulo Diamond Mine (Angola) delivered 15,367 carats of diamonds in the first half of 2023, up 18% year-on-year.

The announcement is made by Australian Lucapa Diamond. The source indicates that sales also increased by 37% compared to the corresponding period in 2022, reaching 14,337 carats.

 Revenue from these sales also increased 47% year-on-year to $33.3 million. The average price per carat sold was 2,326 US dollars, compared to 2,177 US dollars in the first half of 2022.

According to specialists, Lucapa remains on track to achieve its goal of producing 31,000 carats at Lulo in 2023.

The mine, one of the most prolific on the continent in terms of large diamonds (around 40 diamonds of more than 100 carats have been recovered there), is owned by a joint venture in which the Angolan national company Endiama holds a 32% interest.

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