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Lerala Mine strikes lucrative offtake deal

Lerala Diamond Mine Limited has inked an offtake agreement for the sale of diamonds from its Lerala mine between September 2016 and February 2017.

The company said yesterday that its subsidiary Lerala Diamond Mine had conducted a tender for its diamonds in late September, with the winning bidder entering into an offtake agreement for all diamonds produced at the mine for a six-month period.

Kimberley Diamonds said prices achieved under the offtake were consistent with the company’s expectations and recent forecasts.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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