Lucara progresses P6bn underground mine
Friday, March 04, 2022 | 900 Views |
Back on track: Lahri expects the underground mine to begin production by 2026 PIC: MORERI SEJAKGOMO
Karowe, situated near Letlhakane, has become world-famous for large diamond discoveries such Lesedi la Rona, the Constellation and Sewelo. The underground mine represents Karowe’s future and is expected to yield additional revenues of $4 billion (P47 billion) up to at least 2040.
Progress at the underground operation was interrupted by COVID-19, with officials cautioning that budgets and equipment procurement could be affected.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...