Scribd
Upload
7 views5 pages

Lipari Moves Into Angola With New 23 Million-Carat Diamond Mine

Lipari Mining has acquired a 75% stake in Angola's Tchitengo Diamond Project, projecting a production of 23.1 million carats from the Tchiuzo kimberlite pipe. The company plans to initiate a bulk sampling program and establish a processing plant to recover over 5,000 carats for market valuation. Additionally, Lipari reported a significant increase in diamond recovery from its Braúna mine in Brazil, achieving 25,295 carats in the first quarter of 2025.

Uploaded by

Jane White
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
7 views5 pages

Lipari Moves Into Angola With New 23 Million-Carat Diamond Mine

Lipari Mining has acquired a 75% stake in Angola's Tchitengo Diamond Project, projecting a production of 23.1 million carats from the Tchiuzo kimberlite pipe. The company plans to initiate a bulk sampling program and establish a processing plant to recover over 5,000 carats for market valuation. Additionally, Lipari reported a significant increase in diamond recovery from its Braúna mine in Brazil, achieving 25,295 carats in the first quarter of 2025.

Uploaded by

Jane White
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

Members Login

< BACK TO NEWS

Lipari Moves into Angola with New 23 Million-Carat


Diamond Mine
MAY 19, 2025 LEAH MEIROVICH

Lipari Mining has taken a 75% stake in Angola’s Tchitengo Diamond Project, expecting
the main Tchiuzo kimberlite pipe to produce 23.1 million carats of rough over its lifespan
based on a new estimate.

The Canada-based company’s new mineral resource estimate for the project shows 14.6
million carats in indicated diamonds, meaning tests have confirmed their presence. The
plan also includes 8.5 million carats of inferred goods. The existence of other known
diamonds gives reason to assume they are there, the company explained last week. The
miner had South Africa’s Z Star Mineral Resource Consultants independently estimate
the asset.

“This…mineral resource estimate marks a major milestone for Lipari as we execute our
growth strategy in Angola,” said Lipari CEO Ken Johnson. “With this robust initial
resource at Tchiuzo and a strong foundation of historical work, we now have a clear path
forward to advance the project to feasibility. This resource helps unlock significant long-
term potential and reinforces our belief in the broader Tchitengo kimberlite field, where
30 pipes have already been identified.”

The miner will begin a bulk sampling program at Tchiuzo in the third quarter and will
set up a processing plant to support bulk sampling, it noted. Lipari’s goal is to recover
over 5,000 carats of rough to properly determine the current market value of its
diamonds. The company will also continue its evaluation of other kimberlites identified
near the main pipe.

The Tchitengo project lies 19 kilometers north of the Catoca mine, Angola’s largest
diamond deposit.

Lipari also owns the Braúna diamond mine in Brazil, from which it recovered 25,295
carats in the first quarter that ended March 31, an increase of 84% over the same period
the previous year. During the three months, the company brought in $3.7 million in
revenue from the sale of 22,524 carats, at an average price of $163 per carat. That total
included a high-value, 71.07-carat rough, Lipari explained. At the end of the quarter, the
company had 23,307 carats remaining in its inventory.

Image: The 71.07-carat rough diamond. (Lipari Mining)

Stay Up-to-Date with Rapaport Industry News and Analysis

Sign Up to Newsletters

Join WhatsApp Channel

Top Stories from Rapaport


Lipari Moves into Angola with New 23 Million-Carat Diamond Mine
Company also owns the Braúna deposit in Brazil.

Strong Jewelry Sales Boost Richemont’s Full-Year Revenue


Figure for division up 8%, with growth in all regions except Asia Pacific.
Kimberley Process Makes Headway in Expanding ‘Conflict Diamond’
Definition
News
Proposed language for update includes armed groups or individuals and entities under UNSC
Latest News
sanctions.
Analysis
Jewelry
Videos
Podcasts
Webinars
Magazine
Latest Issues
Special Reports

Trading
Diamond Marketplace
Gemstone Marketplace
Diamond Auctions
Brokerage
Diamond Prices
Rapaport Diamond Price Lists
Subscribe to Price Lists
Members Login

About Us
About Rapaport
Careers
Media Kit
Diamond Prices
Social Responsibility
Advertising
Calendar
Rapaport Store
About Martin Rapaport
RJC Compliance

Library
Rapaport Library
Special Reports
Price List Archive
Rapaport Research Report
Contact Us
Contact Rapaport
Key Contact People
Regional Offices

Become a Member

Sign Up for Newsletters

© Copyright 2025 by Rapaport USA Inc. All Rights Reserved. Privacy Policy | Terms of Use

You might also like