Historic Karowe Mine targets P2.4bn revenues

Bullish: Karowe Mine expects to dig up more carats nest year
Bullish: Karowe Mine expects to dig up more carats nest year

Confidence still high from the recent discovery of the largest diamond in over a century, Canadian miner, Lucara Diamond Corporation is targeting revenue up to $220 million.

The revenue will range from $200 million to $220 million (P2.4 billion) from its Karowe mine next year.

The operating guidance excluded revenue from the sale of exceptionally high-value stones such as the 1,111-carat gem it unearthed last month, the company said in a statement.

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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