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The latest update is out from Lucapa Diamond Co. Ltd. ( (AU:LOM) ).
Lucapa Diamond Company Limited is currently facing operational disruptions at its Lulo Alluvial Diamond Mine in Angola due to a blockade by local community leaders. The blockade, which remains peaceful, has halted mining activities and could impact production if not resolved soon. Discussions are underway between community leaders and government officials to address the situation, but no progress has been reported. Lucapa has emphasized its commitment to its employees’ safety and its adherence to social responsibilities, despite finding the community’s demands unreasonable.
More about Lucapa Diamond Co. Ltd.
Lucapa Diamond Company Limited is an ASX-listed diamond miner and explorer with assets in Angola and Australia. The company holds interests in the Lulo Diamond Mine, which produces high-value alluvial diamonds, and the Lulo Kimberlite Exploration Joint-Venture in Angola. Lucapa acquired the Merlin Diamond Project in Australia in 2021, enhancing its portfolio.
YTD Price Performance: 0.0%
Average Trading Volume: 58,562
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €4.99M
Find detailed analytics on LOM stock on TipRanks’ Stock Analysis page.
