Lucara beats revenue target as Karowe shines

Tuesday, April 08, 2014

Lucara Diamond Corporation realised revenues amounting to $180 million in 2013 to surpass a target of $118 million largely due to the recovery of large and exceptional diamonds from its Flagship asset, Karowe Mine.

In its 2013 year ending financial statement, Lucara stated that the Karowe 2013 year-end target of 440,000 carats recovered was also surpassed.

The company plans holding eight diamond tenders and two exceptional stone tenders during 2014. “The timing of these tenders will be based on Karowe’s production profile as well as commercial decisions to maximise diamond revenue,” the company directors said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

BDP lobby list takes shape as Makgato steps down

Larona Makhaiza | 3 h ago

Morwaeng’s rants: Leaders must listen

Mmegi Editor | 07 Mar 2025

Twelve minutes

Dr Fahim Chand | 07 Mar 2025

Climate change security challenges in the horn of Africa

Solly Rakgomo | 21 h ago

Fixing a broken school

Tshwarelo Hosia | 07 Mar 2025

Key actors in AFCON bid ready for probe

Mqondisi Dube | 07 Mar 2025

Will Rollers end their cup curse against Orapa?

Larona Makhaiza | 07 Mar 2025

Parly makes first move on AFCON bid probe

Mqondisi Dube | 07 Mar 2025

Morwaeng’s rants: Leaders must listen

Kabo Morwaeng, a senior BDP figure known for always defending the President and also sent to do some shocking stuff in his capacity as a Minister, has defended the former Cabinet against claims it failed to advise ex-president Mokgweetsi Masisi, contributing to the party’s defeat. While he insists Cabinet discussions are “secret” and that the President holds “enormous power,” his defence misses a crucial point: Batswana deserve leaders...

Mmegi Editor | 07 March 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Lucara beats revenue target as Karowe shines

Lucara Diamond Corporation realised revenues amounting to $180 million in 2013 to surpass a target of $118 million largely due to the recovery of large and exceptional diamonds from its Flagship asset, Karowe Mine.

BDP lobby list takes shape as Makgato steps down

Morwaeng’s rants: Leaders must listen

Twelve minutes

Climate change security challenges in the horn of Africa

Fixing a broken school

Key actors in AFCON bid ready for probe

Will Rollers end their cup curse against Orapa?

Parly makes first move on AFCON bid probe

Morwaeng’s rants: Leaders must listen