Miner Lucara Diamond has recorded during the first quarter of 2016, financial results, better than in Q1 2015.
According to the new results, the firm had $50.6 million of revenues against $29.6 million during the first semester of 2015. Adding the $53.1 million it got from the Karowe diamonds sales last month, revenues total $100 million. Treasury was at $144.3 million last quarter against $87.5 million in 2015. Revenues before interests, tax, depreciation and provisions (EBITDA) over the period were $30.7 million with a 61% margin, while in Q1 2015 they were $11.9 million.
Also, the firm declined all responsibility regarding the rehabilitation of the Mothae project, estimated to about $2 million, as it transferred its stake in Mothae Diamonds to the government of Lesotho.
The company’s CEO, William Lamb has in fact said the sale of the Lesedi La Rona diamond; second biggest in the world weighing 1,109 ct already has picked the interest of many.
Lucara Diamond Corp is Canadian diamond miner who holds 100% of the Karowe project in Botswana.
Louis-Nino Kansoun
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
• Tanzania and Burundi begin construction of a $2.15 billion cross-border railway.• The 240 km line will cut Dar es Salaam–Bujumbura cargo trips...
• Inflation slowed for the third straight month, dropping from 23.71% in April to 21.88% in July.• Food inflation fell sharply year-on-year, from 39.53%...
• Africa’s private equity market is shifting as exits increasingly involve sales between funds rather than IPOs or strategic buyers.• Q2 2025 saw 147...
• Insurers and reinsurers must comply with new capital requirements within 12 months or lose licenses.• Life, non-life, and reinsurance companies face...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...