Kimberley seeks P83m to reopen Lerala Mine

Lerala Mine
Lerala Mine

Australian firm Kimberley Diamonds has emplaced plans to raise cash from shareholders to fund the re-opening of Lerala Diamond mine.

The ASX-listed firm, which bought the mine in the central district last year from UK-based Mantle Diamonds, last Friday announced that it would be undertaking a non-renounceable pro-rata rights issue to raise nearly A$10-million (P83 million).

“Eligible shareholders in Australia and New Zealand would be able to purchase one new share for every two existing shares held, at a price of 19 cents each.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up