16 Jan 2021
DiamondWorld Directory
Home |
News
Home
Botswana Govt. Renews Karowe Mining Licence For 25 Years
Canadian diamond miner Lucara Diamond Corp informed that its mining licence for Karowe was renewed by the Botswana's Ministry of Mineral Resources, Green Technology and Energy Security for a period of 25 years
By: Diamond World News Service
|
Jan 8 2021 12:50PM
|
Reference: 25349  

DecreaseIncrease

The renewal is effective 4th January, 2021, securing Lucara's mining rights to 2046 and marking a critical step in the formal sanction of the Karowe underground expansion project.

Eira Thomas, President and CEO, said: "The receipt of our mining licence renewal and extension to 2046 is an important milestone for the Karowe underground expansion project, paving the way for the completion of a supplemental debt financing and full project sanction later this year. Lucara is grateful for the confidence and support demonstrated by the Government of Botswana as we work to expand our operations at Karowe underground, for the benefit of the Government and the people of Botswana together with Lucara's shareholders. We look forward to continued cooperation and a mutually rewarding partnership with the Government of Botswana."

The underground expansion programme has an estimated capital cost of $514 million and a five-year period of development, with first ore anticipated from underground in 2026.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2020
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 28232
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 3408
GJEPC Chairman Interview
Views: 24826
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 32950
Promo for IJ Awards 2012 at NDTV Profit
Views: 46933
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 59388
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 19303
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 45721
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 44603
Advertisement
Kosher 250300
Member of:
Supporter of: