Most Karowe Mine Workers to Keep Jobs

Dec 14, 2016 4:47 AM By Rapaport News

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RAPAPORT... Lucara Diamond Company expects staff at its Karowe mine in Botswana will “largely” hold on to their jobs when a new contractor starts operating the mine.

Lucara’s subsidiary Boteti Mining, which owns the high-value diamond project, is finalizing a deal with a new contractor following the termination of its agreement with Eqstra Botswana. The move only impacts mining staff responsible for the drill, blast and delivery of ore to the plant, with diamond sorters unaffected.

The new contractor, which Lucara has not yet named, will be responsible for recruiting its own employees, Lucara’s president and chief executive officer said in an email to Rapaport News. However, the company “believes that the Eqstra workforce at Karowe whose employment has been affected will be largely transferred to the employ of the new mining contractor,” Lamb pointed out.

Lucara announced earlier this month it had terminated Eqstra’s contract. The change of contractor will not have a material impact on diamond production, Lucara said.

The Karowe mine is best known as the source of the 1,109-carat Lesedi La Rona, the second largest rough diamond in history.

Tags: Karowe, Karowe mine, Lesedi La Rona, lucara, Lucara Diamond Corp., Rapaport News

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