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Lerala’s fate to be clear by Christmas

Still mothballed: Lerala closed six years ago
Still mothballed: Lerala closed six years ago

Lerala Mine’s future will become clearer by Christmas when the Minerals and Energy ministry decides whether to grant the new owner, Maroon Capital, a licence to restart operations.

Lerala Mine, located in the Tswapong area, closed at the end of May 2017 after its Australian owner, Kimberly Diamonds, ran out of operational cash amidst weak sales. At least 130 workers lost their jobs, with a few others retained for care and maintenance activities.

Maroon Capital, a five-year-old firm majority-owned by Israeli investor, Gilad Shabtai, snapped up Lerala Mine in 2020 but is yet to restart production.

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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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