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A few days ago, Canadian diamond miner Lucara announced a new diamond discovery-a gem-quality rough diamond weighing 393.5 carats was mined at the Karowe mine in Botswana. This is the seventh diamond over 300 carats mined in the mine this year. Of diamonds.
This Type IIa diamond was mined from the M/PK(S) unit in the southern leaf of the Karowe mining area and has excellent whiteness and clarity.
Lucara has renewed a 25-year mining license agreement with the Botswana government for the Karowe mining area. It is expected that the open-pit mines in the mining area will be exhausted by 2026 and will be transferred to underground mining. Lucara will spend US$514 million on an underground expansion project , It is expected to take 5 years to complete, and the mining period of the mining area is expected to be extended to 2040.
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