Lucara revises plans for Karowe's P6bn underground project

Lucara, the 100% owner of Karowe Mine, had planned to spend $53 million on various activities around the underground project this year, mostly around long-lead time procurement, with some physical works due before year end. The underground mine, due to be developed over five years to 2026, represents Karowe’s future.

The Karowe mine, situated near Letlhakane in the Boteti sub-district, has become world famous for large diamond discoveries such as Lesedi la Rona, the Constellation and Sewelo.