Lucara expects P2.3bn in earnings

Lucara Botswana MD Naseem Lahri PIC. THALEFANG CHARLES
Lucara Botswana MD Naseem Lahri PIC. THALEFANG CHARLES

Lucara Diamonds expects revenues from its Karowe Mine to reach up to US$210 million (P2.3 billion) this year, up from the US$192 million (P2.1 billion) recorded in 2019.

In a recent presentation of financials to investors, the Canadian firm said it however expected diamond sales of up to 390,000 carats down from the actual 411,732 carats sold in 2019. 

Karowe has become world renowned for digging up stones such as Lesedi la Rona, Constellation and Sewelo.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

Have a Story? Send Us a tip
arrow up