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- The Lucapa Diamond Company (LOM) has announced it will resume operations at its Mothae diamond mine along with the Government of the Kingdom of Lesotho
- In mid-March, Lucapa announced its Mothae mine was impacted by the nation-wide lockdown in South Africa due by COVID-19
- Despite not being located in South Africa, the mine was impacted due to the flow of essential mining supplies and services coming in from the country
- Since then, the mine has been on care and maintenance as operations were shut down to prevent the spread of the virus
- In compliance with health and safety measures, mining and treatment operations have now resumed, however, operations will be scaled back to 75 per cent
- Lucapa is up 4.62 per cent with shares are trading for 6.8 cents each
The Lucapa Diamond Company (LOM) has announced it will resume operations at its Mothae diamond mine along with the Government of the Kingdom of Lesotho.
Mothae lies in Lesotho in Southern Africa, within the diamond-rich Maluti Mountains which lie five kilometres from Letseng, the world’s highest US$ per carat kimberlite diamond mine.
Like Lucapa’s Lulo mine, Mothae is a source of large and premium-value diamonds.
In mid-March, Lucapa announced that Mothae was impacted by the nation-wide lockdown in South Africa that arose from COVID-19.
Despite not being located in South Africa, Mothae was impacted due to the flow of essential mining supplies and services coming in from the country.
Since then, Mothae has been on care and maintenance as operations were shut down to prevent the spread of the virus.
In compliance with health and safety measures, mining and treatment operations have now resumed, however, operations will be scaled back to 75 per cent due to protocols in place.
“Mothae is an important contributor to the Basotho nation and Lucapa and the Government of Lesotho are excited to have most of our teams and contractors back at the mine,” Managing Director Stephen Wetherall said.
“We too look forward to implementing recently approved marketing initiatives that will see additional value derived for the Mothae high-vale production,” he added.
Lucapa is up 4.62 per cent on the market and shares are trading for 6.8 cents each at 1:14 pm AEDT.
