{{Short description|Diamond mine in Angola}} {{Infobox mine | name = Luarica diamond mine | image = | width = | caption = | pushpin_map = | pushpin_label = | pushpin_map_caption = | coordinates = | place = | subdivision_type = | state/province = | country = Angola | owner = Endiama (38%) <br/> Trans Hex (32%) | official website = | acquisition year = | stock_exchange = | stock_code = | products = Diamonds (95,000 carats in 2003) | financial year = | amount = | opening year = | closing year = }}
The '''Luarica diamond mine''' is a diamond mine located in Angola. The mine is owned by a consortium of diamond mining companies, the two largest holders being Endiama with a 38 percent ownership, and Trans Hex with a 32 percent ownership.{{Citation needed|date=June 2025}}
In 2004, the Luarica mine produced about 95,000 carats (19 kg) of diamond from over 632,000 cubic meters of processed ore. Of this production 84,000 carats (16.8 kg) was sold in 2004 at an average price of over US$300 per carat (1500 $/g), marking a new high for Angolan diamond production.{{Citation needed|date=June 2025}}
The mine's Probable reserves are 1.3 million cubic meters of ore, at an ore grade of {{convert|21.6|carat|g}} per 100 cubic meters (43.2 mg/m<sup>3</sup>). There is a waste rock overburden of about 9.5 million cubic meters.{{Citation needed|date=June 2025}}
Mining operations were suspended in May 2009 due to a decline in diamond demand caused by the Great Recession. Trans Hex announced in August 2011 that it planned to withdraw from its two Angola joint-ventures with Endiama—Luarica and Fucauma—after failing to reach an agreement with the Government of Angola (which owns the other major partner, Endiama). Endiama stated that it planned to restart operations alone.<ref>{{cite news | url = https://www.bloomberg.com/news/2011-08-29/trans-hex-to-exit-two-angolan-diamond-projects-as-talks-over-funding-stall.html | title = Trans Hex to Exit Two Angolan Diamond Projects as Talks Over Funding Stall | publisher = Bloomberg | date = 2011-08-29 | accessdate = 2011-11-29}}</ref>
==References== {{reflist}} *[https://web.archive.org/web/20070928165029/http://www.transhex.co.za/financials/ar2004/transhex_ar2004.pdf Trans Hex 2004 Annual Report] *[https://web.archive.org/web/20070927190610/http://www.endiama.co.ao/emp.php?cat=luarica {{in lang|pt}} Projecto Luarica at Endiama's site] *Republic of Angola, United Kingdom Embassy (October 2002). [https://web.archive.org/web/20080226212512/http://www.angola.org.uk/newsletter85.htm "Newsletter No. 85".] {{Coord| -8.28969| 21.03693 |display=title | region:AO }} Category:Diamond mines in Angola Category:Surface mines in Angola
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