Does gov't regret not buying into Karowe?

World famous: Karowe has uncovered some of the worldu00e2u20acu2122s biggest diamonds of late PIC: MINING.COM
World famous: Karowe has uncovered some of the worldu00e2u20acu2122s biggest diamonds of late PIC: MINING.COM

The Minerals Development Company Botswana, government’s mining investment agency, is investigating whether talks should be started with Lucara into acquiring a stake. Lucara’s Karowe keeps discovering headline-grabbing diamonds, but the decision is anything but clear-cut. Staff Writer MBONGENI MGUNI writes

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).

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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