The mine is owned by a consortium of diamond mining companies, the two largest holders being Endiama with 38 percent ownership and Trans Hex with 32 percent ownership.
In 2004, the Luarica mine produced about 95,000 carats (19 kg) of diamond from over 632,000 cubic meters of ore processed.
There is a waste rock overburden of about 9.5 million cubic meters.
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).