Diamond World (DW) May - June 2020

Round & About
Rough & Mining
Lucapa
discovers 171ct
gem-quality
white diamond
at Lulo
The 171 carat gem-quality
white stone is the 15th +100
carat diamond recovered to
date from Lulo and the 2nd +100
carat diamond recovered for 2020.
It is also the 4th largest diamond
recovered to date since activities
began at Lulo. This 171 carat white
diamond was recovered from Mining
Block 6 as scaled mining operations
recommenced at Lulo. Mining Block
6 has now produced 6 +100 carat
diamonds.
Lucapa Managing Director
Stephen Wetherall commented:
“The recovery of this 171 carat gemquality
white diamond continues
to underpin the potential of the
kimberlite exploration programme
as drilling of the high-priority
kimberlites in the Canguige
catchment continues.”
ALRoSA reports its May
2020 diamond sales results
in May 2020, ALROSA Group
sold $40.1 million worth of
rough and polished diamonds.
The revenue from rough diamond
sales sequentially grew to $36.2
million, and from polished
diamond sales −to $3.9 million.
Said, Evgeny Agureev, ALROSA Deputy CEO, “Despite a
noticeable increase compared to April, sales in May were
expectedly low, as ALROSA remains committed to its price
over volume strategy, allowing the cutters, who are just
resuming their work, to reduce the accumulated rough and
polished diamond stock.”
Mountain Province lowers
production for 2020
The revised production guidance reflects the challenges
of COVID-19 pandemic and the impact on operations
and logistics at the Gahcho Kué Mine, and the necessity
to implement changes to operating policies and procedures
to minimize the risk of infection. These changes included
protecting the workforce by isolating vulnerable employees,
implementing travel restrictions to and from the mine, revising
health and safety protocols, including on site self isolation,
social distancing, and ongoing testing of all employees.
Said, Stuart Brown, the Company's President and Chief
Executive Officer,
“The new forecast for
the year 2020 is the
result of a tremendous
amount of effort to
maintain production at
the mine.”
20 | may-june 2020 | DiamonD WorlD