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Lucara progresses P6bn underground mine

Back on track: Lahri expects the underground mine to begin production by 2026 PIC: MORERI SEJAKGOMO
Back on track: Lahri expects the underground mine to begin production by 2026 PIC: MORERI SEJAKGOMO

Lucara Diamond Corporation expects to spend $110 million (P1.3 billion) this year in developing an underground operation at its Karowe Mine where full production is due by 2026.

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.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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