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Lulo Diamond Concession

Lulo Diamond Concession

The Lulo Project is located on the eastern margin of the Cuango River catchment within the Lunda Norte Province of northeastern Angola. The Cuango River alluvial diamond fields are the largest in Angola. The operators of these concessions are amongst the leading diamond miners in the world, including De Beers, Trans Hex and Alrosa.

Lonrho Mining has signed a joint venture agreement with Endiama, the national diamond company of Angola and exclusive concessionary for Angolan diamond mining rights, to develop a highly prospective 3,000km² diamond concession in Angola (the Lulo Diamond Concession). On all kimberlite deposits Lonrho Mining’s participating interest will initially be 39% of the joint venture which will decrease to 30% after recoupment of its investment in the Project. On all alluvial deposits Lonhro Mining’s participating interest will be 40% in the joint venture.

Lonrho Mining Lulo