Lucapa Diamond has received an interim dividend payment of A$5 million ($3.6 million) for the year 2021 from its $40%-owned Lulo operations in Angola.
Sociedade Mineira Do Lulo (SML) shareholders approved a dividend of A$14 million ($10 million) for the period under consideration.
“The 2021 dividend was declared by shareholders following a record year for Lulo where record volumes processed and carats recovered resulted in revenues of A104.8 million($78.1 million) being achieved at $2, 808 per carat,” said Lucapa managing director Stephen Wetherall.
The SML shareholders also approved a $10 million capital loan repayment to Lucapa.
Meanwhile, Lucapa said it will make a full principal payment of A10.5 million to New Azilian scheduled for the end of February.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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