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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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