Lucapa Diamond Mine Seeks to Top Angola’s Biggest Producer
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Lucapa Diamond Co. said it plans to start an Angolan mine in about two years that may surpass the country’s biggest gem producer, Catoca.
The Lulo deposit about 700 kilometers (435 miles) east of Luanda, the capital, could be even more valuable than Catoca, the world’s fourth-largest kimberlite mine, judging by stones that fetch an average of A$6,960 ($6,533) a carat Lucapa Managing Director Miles Kennedy said. That compares with about $100 a carat that Catoca gems bring.