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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up