Dundo - The 127-carat diamond announced on Wednesday by Lucapa Diamond Company, is the 16th with more than 100 carats found in the Lulo mine, located in the municipality of Capenda Camulemba, more than 800 kilometres off Dundo city, eastern Lunda Norte province.
According to the chairman of the board of Lucapa Diamond Company, a majority shareholder in Lulo Mine, Stephen Wetherall, the stone was found in block 24, an area that has recently begun to be explored.
In his turn, the chairman of the management board of the Mine, Domingos Machado, reiterated that the concession area is prone to the discovery of more larger diamonds, hence the partners' commitment to invest USD10.6 million this year to acquire state-of-the-art equipment.
He said that the acquisition of the equipment, larger machines, trucks, laundries, among others, aims to boost exploration in blocks 6.8 and 24, where larger diamonds are found, as well as discover new kimberlite.
