[miningmx.com] – LUCAPA Diamonds, an Australian-headquartered company, said its Lulo diamond deposit in Angola would become the country’s most valuable mine in about two years.
Miles Kennedy, MD of Lucapa Diamonds, told Bloomberg News that he wasn’t trying to over-promote the prospect but it would exceed Angola’s current biggest gem producer, Catoca. Lulo is about 700km east of Luanda.
“Beyond doubt from what has washed off the kimberlites into the ancient river channels suggests that the prize once farmed and delivered is going to be substantial,’ Kennedy said.
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