. Karowe mine license extended to 2046
. $514 million is project estimated budget
BAKANG TIRO
editors@thepatriot.co.bw
Lucara says during the year ended December 31, 2020 it spent over P200m ($18.7 million) on its Letlhakane-based Karowe mine’s underground expansion project.
Lucara revealed the developments on its Quarter 4 2020 sales and operational results this week, saying the money was spent on project execution activities including a geotechnical test pitting and drilling and completion of two pilot holes at the shaft locations.
The company is embarking on mining underground at its wholly-owned top gemstone producer based in Botswana in effort to expand mine’s output level.