Miner Lucara Diamond has recorded during the first quarter of 2016, financial results, better than in Q1 2015.
According to the new results, the firm had $50.6 million of revenues against $29.6 million during the first semester of 2015. Adding the $53.1 million it got from the Karowe diamonds sales last month, revenues total $100 million. Treasury was at $144.3 million last quarter against $87.5 million in 2015. Revenues before interests, tax, depreciation and provisions (EBITDA) over the period were $30.7 million with a 61% margin, while in Q1 2015 they were $11.9 million.
Also, the firm declined all responsibility regarding the rehabilitation of the Mothae project, estimated to about $2 million, as it transferred its stake in Mothae Diamonds to the government of Lesotho.
The company’s CEO, William Lamb has in fact said the sale of the Lesedi La Rona diamond; second biggest in the world weighing 1,109 ct already has picked the interest of many.
Lucara Diamond Corp is Canadian diamond miner who holds 100% of the Karowe project in Botswana.
Louis-Nino Kansoun
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbreak, while Madagascar is reporting rising case counts....
Ethio Telecomis exploring financing support from Italy’s development bank Cassa Depositi e Prestiti (CDP) for digital infrastructure projects. The...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...