Botswana : Lerala mine starts production
Tuesday, 03 May 2016 04:29
Diamond miner Kimberley Diamonds started production at its Lerala mine in Botswana after completing open-pit mining which it announced last month. First sale is to take place in June 2016.
While informing its shareholders, the firm indicated that full-production would commence in the coming weeks. Also, it highlighted that the treatment plant was designed for an optimized flow and an efficient recovery.
Production started, the lifeline of Lerala mine has been estimated at 7 years. Annual processing rate should be close to 1.4 million tons of ore and annual average production at 357,000 ct.
The Lerala mine, is located in the North-East of Botswana and includes fives diamondiferous kimberlites pipes, and covers 6.66 ha. Kimberley Diamonds owns 100% of the mine.
Louis-Nino Kansoun
Live News
-
Access Holdings maintains growth momentum despite profit decline
19:04
-
Investment Promotion Agency Opens Incentive Access to Public Enterprises
18:25
-
FinTech Disruption: The Innovation Imperative Redefining Profitability Risk for Foreign Investors in South African Banks
17:27
-
Ghana Think Tank Proposes New Economic Model for Tema Oil Refinery
16:58
-
Zambia Considers Third-Party Transfer to Unlock Afreximbank Debt
16:56
-
Cameroon-Italy Witness Deepened Trade Ties in Four Years
15:37
-
Government Launches Tender for Road Safety Audit of Babadjou–Bamenda Highway
15:18
-
Customs Impound Nearly 1,000 Bottles of Contraband Wine, Champagne in Douala
15:13
-
Tanzania’s University of Dar es Salaam Accelerates Digital Transformation
15:00
-
Ivorian Sébastien Kouassi launches EmploiRapide.Net to tackle youth unemployment
15:45
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...
Profit down 23.3% in H1 2025 due to higher loan-loss provisions Non-bank subsidiaries post strong double- and triple-digit gains Group revenue up...
SA FinTech credit surged 38% to $2.9B (R55B), challenging banks' core market and projected to hit $17.7B (R337B) revenue by 2030. Foreign...
A third party is willing to assume Zambia’s $45 million debt to Afreximbank, potentially unlocking the country’s five-year debt restructuring...
Somalia’s livestock exports could reach a record $1 billion by end-2025, marking an eighth consecutive year of growth. The country has tripled...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....