mmegi

Lucara execs leave, HB founder returns

Grinding on: Karowe’s next phase of operations will be underground PIC: LUCARADIAMOND.COM
Grinding on: Karowe’s next phase of operations will be underground PIC: LUCARADIAMOND.COM

Lucara's Chief Financial Officer and Company Secretary have handed in their resignations, just over a month since CEO, Eira Thomas, left her post.

The development comes five days after Lucara's new CEO, William Lamb, announced the termination of the miner's 10 year agreement with HB Antwerp under which the Belgian firm buys, polishes and sells Lucara's rough diamonds.

In yet another local diamond industry development, HB Antwerp, today announced that it has made peace with Oded Mansori, the co-director it kicked out last month.

Meanwhile, De Beers yesterday signed a firm deal with government for 25yr mining leases and a 10yr agreement to sell diamonds from the Debswana mines.

Mmegi"s print edition will have all the insights and analysis this Friday

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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