Kimberley seeks P83m to reopen Lerala Mine

Tuesday, August 26, 2014

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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Ntsima confirms Thamane’s suspension

Staff Writer | 6 h ago

Let's not attack each other – Boko, Saleshando agree

Sharon Mathala | 9 h ago

Burkina Faso, its dire security challenges

Solly Rakgomo | 17 Jan 2025

Seloba Creations to showcase masterpieces

Nnasaretha Kgamanyane | 17 Jan 2025

Too Young To Be This Old comedy night is back!

Nnasaretha Kgamanyane | 17 Jan 2025

Show organisers pledge to fulfill dreams

Tiny Mooki | 17 Jan 2025

Sharp tackles GBV through music

Calistus Kolantsho | 17 Jan 2025

Botswana film Morwaake wins Best African Film in SA

Nnasaretha Kgamanyane | 17 Jan 2025

Fighting GBV is for us all

Despite legislative reforms and various initiatives aimed at curbing Gender-Based Violence (GBV), the situation remains dire. It is imperative that all stakeholders; government, civil society, communities, and individuals join forces to combat this issue and protect the rights and safety of women and girls.Recent statistics from the Botswana Police Service reveal a deeply troubling trend, with 60 rape cases recorded during the festive period....

The Monitor Editor | 14 January 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Kimberley seeks P83m to reopen Lerala Mine

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

Ntsima confirms Thamane’s suspension

Let's not attack each other – Boko, Saleshando agree

Burkina Faso, its dire security challenges

Seloba Creations to showcase masterpieces

Too Young To Be This Old comedy night is back!

Show organisers pledge to fulfill dreams

Sharp tackles GBV through music

Botswana film Morwaake wins Best African Film in SA

Fighting GBV is for us all