Complete Botswana Diamond Mine (Lerala), Process Plant & All, To Be Sold Online

Mining and Exploration
02/05/2018 11:18

The liquidator of Kimberley Diamonds' Lerala Diamond Mine in Botswana, which has been on judiciary management for the past year after it shut down due to a lack of funding and "weak market conditions", will put the entire operation up for sale in an online auction after its liquidators failed to secure viable offers. It is a complete diamond mine, includuing the entire processing plant with its various crushers, 200tph conventional fines and course DMS plant, as well as it final integrated x-ray recovery house, hand recovery and grading unit. The sale also includes Lerala's its resource of 5 Kimberlite pipes from 0.16 hectares to 2.35 hectares, as well as the transfer of mining license and rights. See the auction page for full details.

As The Diamond Loupe detailed at the time, last year's closure was the third time in its history that Lerala Mine has closed shop, having previously shut down in February 2009 and July 2012. In July 2015, the board of Kimberley Diamonds approved the restart of mining activities at the Lerala mine after securing A$14.6 million (US$10 million) from Zhejiang Huitong Auction Co Ltd to bring the project into operational readiness, having targeted an annual output of 360,000 carats over seven years, which never happened. Lerala produced about 59,000 carats in the year leading up to its closure. The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.