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.

TSX:LUC - Post by User

Lucara Diamond Corp > HB again

<< Previous

Bullboard Posts

Next >>

Comment by AndersSon Nov 20, 2023 3:57am

167 Views

Post# 35743752

RE:HB again

Before the HB deal, Botswana got 10% royalty on the price of the rough diamonds. With the HB deal, Botswana got 10% royalty on the price of the polished stones.

So I guess it makes perfect sense that Botswana want to see this also in the future. In hindsight it may not have been the best set up for Lucara but it was how it was done by Eira and at the time it was communicated as a positive thing.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China