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Lucapa suspends diamond mine in Lesotho over COVID-19 lockdown

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Jan 13, 2021 Precious Metals News Comments Off on Lucapa suspends diamond mine in Lesotho over COVID-19 lockdown



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(Wallace Refiners) – Lucapa Diamond Company (ASX: LOM) reported today that according to the announcement by the Lesotho Prime Minister, Right Honourable Majoro, the Lesotho Government has imposed a 14-day nation-wide lockdown commencing midnight Lesotho time tonight due to a surge in COVID-19 cases.


After discussions with its partner, the Government of the Kingdom of Lesotho, the company decided to temporarily suspend mining operations at the Mothae kimberlite mine, with appropriate care and maintenance, and security measures.


Lucapa added that mining and processing operations will be restarted when the lockdown ends.


Managing Director Stephen Wetherall commented, “Our priority is to ensure the health and safety of our valued teams on site. The suspension is expected to be temporary in nature as it is a mine operational health and safety decision, not a market limitation. Lucapa continues to engage with its financiers through this period as the diamond market continues its positive trajectory.”




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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