Australian diamond mine revived with new deal Posted May 28, 2021 | By Arabella Roden ⢠Editor Lucapa Diamond Company (Lucapa) has begun the process of acquiring the Merlin Mine in the Northern Territory, one of Australia’s two remaining viable diamond mines, from the liquidators of its previous owner.
Valued at $8.5 million, the binding Asset Sale Agreement includes the mining lease and exploration tenement – located approximately 720km southeast of Darwin – as well as equipment and assets. Hopefully within the next couple of years, we are going to turn [it] around and put Australian diamonds back on the map
Stephen Wetherall, Lucapa Diamond Company