Lucara targets P2bn sales from Karowe

Friday, January 11, 2019

Lucara's Karowe Mine in Boteti sub-district PIC: LUCARA DIAMONDS

Lucara Diamond hopes to dig up more exceptional diamonds in Letlhakane this year, as the Canadian company has advised its investors to expect revenues of up to US$200 million (P2.1 billion) in 2019.

Should the diamond miner hit its target, the revenues would be higher than the 2018 forecast of US$180 million.

Lucara has become globally renowned for the discovery of exceptionally large diamonds at its Karowe Mine in Letlhakane, particularly the famous Lesedi la Lone, the second biggest rough diamond ever discovered, dug up in November 2015.

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