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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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