Lucara Recovers First Diamonds From Karowe
Mining Weekly reported Lucara Diamond (TSX:LUC,TSXV:LUC) closed a $25-million revolving credit facility to fund development and operations at its Karowe diamond mine in Botswana.
Articles Tagged "Lucara Diamond"
Lucara Diamond Obtains Conditional Approval for Trading on NASDAQ OMX First North, Stockholm
Lucara Diamond Corp. (TSX:LUC) announced it has obtained conditional approval for the trading of its common shares on NASDAQ OMX First North in Sweden.
Lucara Diamond to Apply for Listing on Nasdaq OMX First North, Stockholm
Lucara Diamond Corp. (TSX:LUC,BOTSWANA:LUC) announced it will apply to list its common shares on Nasdaq OMX First North.
Lucara Closes Private Placement and Appoints VP New Business
Lucara Diamond Corp. (CVE:LUC) announced that the $60 million financing the company had announced on January 19, 2011 has now closed.
Diamond Miners Ramp Up Production
Diamond mining firms looking to cash in on higher prices and increased demand for stones are starting to ramp up production. The one major company that is curtailing operations, De Beers, is cutting production 5 percent per year for 5 years to increase mine life.
Supply Shortages May Herald in era of ‘Peak Diamond’
De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”
Lucara Receives approval from Republic of Botswana
Lucara Diamond Corp. (TSX VENTURE:LUC)today announced that the company has received approval from the Government of the Republic of Botswana in respect of the its acquisition of a 70.268% interest in the AK6 diamond project in Botswana.
Lucara Increases Private Placement
Lucara Diamond Corp. (TSX VENTURE:LUC) today announced that the company has increased the private placement announced on December 1, 2009 from Cdn $100 million to an aggregate of up to Cdn $110 million.
Lucara Announces Private Placement
Lucara Diamond Corp. (TSX VENTURE:LUC) has entered into an agreement with a syndicate of agents, led by GMP Securities L.P., to issue on a private placement basis, up to 100 million subscription receipt at a price of Cdn $1.00 per Subscription Receipt, for aggregate gross proceeds of up to Cdn $100 million.
Lucara Diamond appoints new VP development
Lucara Diamond Corp. (TSX VENTURE:LUC) today announced Mr. Anthony George, has joined Lucara as VP Development effective as of January 4, 2010.
