(MENAFN- ProactiveInvestors - Australia) Lonrho Mining (ASX: LOM) will update the market on diamonds recovered from Lulo, with the company granted a trading halt this morning pending an announcement regarding an independent valuation of the diamonds recovered in Angola.
The company confirmed in late August that it had uncovered a 131.5 carat diamond, the largest yet found on the concession.
It also had found a 38.3 carat diamond, which is the third largest uncovered since the opening of a dense media separation plant onsite in 2010.
The Lulo project is operated as a joint venture between Lonrho and the Angolan government-owned Endiama.
Lonrho's shares have been placed in pre-open.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 7th September.
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