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Expansion of Lucara Diamond’s Karowe mine to take longer and cost more

Cecilia Jamasmie | August 11, 2021 | 4:50 am Markets News Top Companies Africa Canada Diamond 

Canada’s Lucara Diamond (TSX: LUC) has adjusted the cost and timeline of the underground expansion of its Karowe mine in Botswana, one of the world’s most prolific sources of large, high value type IIA diamonds.  The company now expects to achieve 75% of slated full production by late 2029, which is 1.3 years later than planned.   Total capex for...

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