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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Madagascar’s president dismissed the prime minister and dissolved the government. A new prime minister will be appointed under constitutional...
Côte d’Ivoire has launched a drive to recruit 2,000 contract science teachers. The move aims to ease growing math and science teacher...
Around 73% of land in sub-Saharan Africa is held under customary systems, far above the global average. Yet only 1% of these lands are formally...
The cost of a smartphone equals 26% of monthly GDP per capita in Sub-Saharan Africa, compared with 16% in other low- and middle-income...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...