Lucapa Diamond Company Limited report strong progress by the Committee tasked with finalising the Project Lulo Joint-Venture Mineral Investment Contract (MIC) following its latest meeting in Luanda, Angola.
As a result, the Committee has agreed to meet again in January to resolve the remaining outstanding details, which should lead to the MIC being approved and signed off by the Ministry in Q1 of 2025. The new MIC proposes to increase Lucapa’s interest in the Project Lulo Joint-Venture to a majority stake of 51% from the current 39%.
Lucapa Managing Director and CEO Alex Kidman said: “The Committee has made strong progress and is on track to finalise the revised agreement in the New Year. This is an important development for Lucapa because it will increase our share of the diamond exploration venture to 51 per cent, giving Lucapa significantly more exposure to exploration success.
The Committee knows the importance of completing this process as quickly as possible and the latest meeting gives us confidence that the new agreement will be signed off in early 2025”.
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2Honoured to be featured in The League Extraordinaire by The New Indian Express Group alongside 32 distinguished leaders. Grateful to Shri Eshwar B. Khandre and Shri Jagadish Shettar for the felicitation, and thankful to everyone who has supported my journey. 🙏✨
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International Yoga Day 2026 was celebrated with great enthusiasm at Bharat Diamond Bourse under the theme "Yoga for Healthy Ageing."
The event brought together members of the gem & jewellery fraternity, highlighting the importance of yoga for wellness, balance, and healthy living
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