Lucara lift revenue forecasts

Tuesday, August 19, 2014

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

In a statement, the company says that it has maintained its overall cost outlook for the mine of between $31-$33 per tonne ore processed with Karowe operating performance exceeding targets during the first six months of 2014.

“The company recovered a record number of 252 special stones (above 10 carats) during the period with an average size of 27.84 carats.

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Lucara lift revenue forecasts

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative