Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.

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Lucara Diamond Corp > This is frustrating

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Comment by nyonion Nov 05, 2021 2:25pm

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Post# 34093368

RE:RE:This is frustrating

Some value could be coming our way from another direction.
Eira hinted recently that potential third party suppliers for Clara might well be troubled by its ownership by Lucara (a competitor supplier).

“Our goal has been to commercialize it and demonstrate that it works. Longer term, I think in order to entice other producers to sell through Clara, it probably makes sense to create an independent vehicle that is not owned by a mining company.”

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=67885&ArticleTitle=Lucara%2bMulls%2bClara%2bSpin-Off%252c%2bNew%2bBotswana%2bMine

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