Lucara lift revenue forecasts

Tuesday, August 19, 2014

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

In a statement, the company says that it has maintained its overall cost outlook for the mine of between $31-$33 per tonne ore processed with Karowe operating performance exceeding targets during the first six months of 2014.

“The company recovered a record number of 252 special stones (above 10 carats) during the period with an average size of 27.84 carats.

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Lucara lift revenue forecasts

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply