Lucara Extends Supply Agreement With Belgian Firm

Lucara Extends Supply Agreement With Belgian Firm
Lucara Extends Supply Agreement With Belgian Firm

Lucara Diamond Corp. says it has entered into a 24-month extension of its definitive supply agreement with HB Antwerp (HB), in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana.

Large, high value diamonds in excess of 10.8 carats in size account for approximately 70% of the diamond producer’s annual revenues.

Lucara Diamond chief executive officer, Eira Thomas, said under the terms of the supply agreement with HB, which has been extended to December 2022, the purchase price paid for each +10.8 carat rough diamond is based on the estimated polished outcome.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

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