Does gov't regret not buying into Karowe?
Friday, February 14, 2020
Since its commissioning in 2012, Lucara’s Karowe Diamond Mine has fast built a reputation for finding some of the world’s most remarkable diamonds. From 2015’s 1,109-carat Lesedi la Rona and 813-carat Constellation, to last year’s 1,758-carat Sewelo and the 549-carat gem announced last week, Karowe has regularly been in the global headlines.
From the beginning of the year-to-date in 2020, Karowe has produced six diamonds greater than 100 carats and appears well on the way to a revenue target of between $180 million and $210 million (between P1.97 billion to P2.3 billion).
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...