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Lucara on course to convert Karowe Mine from open-cast to underground
By the end of last year, Lucara Diamond Corp had plunged over P180 million into converting Karowe Mine into an underground operation.
In an update accompanying the company’s financials released this week, the Canadian-based enterprise explained the amount covered various activities at the world-famous mine, located on the outskirts of Lethlakane.
These include site earthworks, geotechnical test pitting and drilling, and completion of two pilot holes at the shaft locations, a 746m hole for the ventilation shaft, and a 768m pit for the production shaft.
There was also some progress with regards to power line engineering and detailed shaft design and engineering.
Lucara Diamond Corp.’s sales fell in 2020 as the miner held back special-sized rough from its Karowe mine in Botswana in the first half amid weak market prices.“The measures that Lucara took early in the pandemic, including the decision not to sell rough diamonds in excess of 10.8 carats…,.
NDABA GAOLATHE
Botswana is in a state of do or die, and despite the many international accolades, our economy is on a sick bed, almost a half of our people are ravaged by or about to sink into poverty, our young people have lost the fire to dream about what they could become. We are a nation divided between an elite that enjoys our national treasures, our minerals, our land and first world health, education and life facilities – and the rest of the households with a median income of less than P2200, that lives in overcrowded conditions, that endures poor health facilities and receives a poor education.