�Lerala Mine was run from Australia�

Friday, November 03, 2017

Lerala Mine was put in final liquidation two months ago

All strategic decisions regarding the running of Lerala Mine were taken in Australia, a situation that made it difficult for the local management to execute their duties effectively, provisional liquidator of the collapsed mine says in a report.

The mine was put under provisional liquidation by the High Court in June this year, with final liquidation confirmed in September.

Provisional Liquidator, Kopanang Thekiso said discussions with the local directors of Lerala Diamond Mine together with some of the officers of the company reveal a story of a company that seemed to lack a cohesive strategy and direction of how and what it actually wanted to achieve.

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�Lerala Mine was run from Australia�

All strategic decisions regarding the running of Lerala Mine were taken in Australia, a situation that made it difficult for the local management to execute their duties effectively, provisional liquidator of the collapsed mine says in a report.