ABOUT OUR LULO PARTNERS

Lucapa has operated the Lulo concession for more than a decade in partnership with Empresa Nacional de Diamantes E.P. (Endiama), Angola’s national diamond company, and Rosas & Petalas, the private company of lawyer Dr Celso Rosas who resides in the Angolan capital of Luanda.

The Lulo partners conduct alluvial diamond mining operations through Sociedade Mineira Do Lulo (SML) (Lucapa 40% owner and operator), which was formally incorporated in May 2016.

Alluvial and kimberlite exploration activities are conducted by the Lulo partners under separate exploration licences.

Following the election of a new Government in Angola in 2017, a new diamond marketing policy was formally enacted by President Joao Lourenco in August 2018 as part of a drive to increase foreign investment in Angola’s diamond sector.

Lucapa is working with its Government partners in Angola to help draft the regulatory framework and implementation of the new diamond marketing policy, which has been welcomed as a significant and positive step forward for the Angolan diamond sector.

For more information on Endiama: