Govt still weighing Lucara equity stake

Shining bright: Lucara Diamonds keeps digging up huge stones at Karowe PIC: LUCARADIAMOND.COM
Shining bright: Lucara Diamonds keeps digging up huge stones at Karowe PIC: LUCARADIAMOND.COM

The Ministry of Mineral Resources, Green Technology and Energy Security is still studying recommendations on whether to take up shares in Lucara Diamond Corp, the high flying producer that this week unearthed yet another huge diamond at its Boteti sub-district mine.

Lucara’s Karowe Mine has become world-famous for discovering the 1,109-carat Lesedi la Rona and the 813-carat Constellation in 2015, before unearthing the 1,758-carat Sewelo in April 2019. Lesedi la Rona was sold for $53 million (P566 million at current rates) in 2017, while Constellation became the highest ever-selling single rough diamond going for $63.1 million (P673 million) in 2016.

Karowe has continued producing huge stones and this year alone announced the discovery of an unbroken 341-carat top white gem quality diamond and an unbroken 378-carat gem quality top white diamond, within 12 days of each other.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up