Lucara's Karowe Licence Extended To 2046

Mining and Exploration
05/01/2021 08:42

Botswana's Minister of Mineral has approved the renewal and extension of Lucara's mining licence through to 2046, or another 25 years, "another important milestone for the underground expansion of Karowe", Lucara President and CEO Eira Thomas commented. Although the expansion, estimated cost US$514m, has experienced slight delays due to Covid-19 budget restrictions, the five year development period remains on track, with first ore expected to be processed in 2026.