Lucara Approves Karowe Underground Expansion Project
Monday, September 13, 2021 | 740 Views |
The facilities include two tranches, a project finance facility of $170 million to fund the development of the underground project. The other is a $50 million working capital facility to re-finance the company’s existing debt and to support ongoing operations.
Lucara president and CEO, Eira Thomas said an utilisation notice from the $170 million project loan facility has been accepted and the first funding for the Karowe underground expansion is expected to be received in mid-September.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...