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http://www.mining-journal.com/world/africa/lucapa-considers-aim-listing/
Lucapa considers AIM listing
Lucapa diamonds is considering taking up a listing on London's AIM exchange.
- Staff reporter | 5 Jul 2016 | 10:34 | News
The Angola-focused alluvial diamond miner currently has its primary listing on the Australian Stock Exchange and is also quoted in Frankfurt.
Speaking to the Telegraph newspaper on a visit to The City, CEO Stephen Wetherall said: “The capital markets here are very knowledgeable about diamonds and about investing in Africa.”
“An AIM listing is an option we’re considering, and that’s why I’m here, to see what the appetite is.”
The London Stock Exchange and AIM bourse host several Africa-focused diamond companies including Petra Diamonds, Gem Diamonds and Firestone Diamonds.
Lucapa, with a current market capitalisation of A$126 million (US$95 million), has made headlines with the recovery of more than 60 large stones at its 40%-owned Lulo concession since mining started in August 2015.
Amongst these was the largest rough diamond ever unearthed in Angola at 404 carat. It was later sold for US$16 million.
The operations are located within 150km of the Alrosa-operated Catoca kimberlite mine, which is the world’s fourth biggest diamond mine and accounts for about 75% of Angola’s annual diamond production.
Road Blocks, page-63
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