Lucara Diamond Cancels Eqstra Botswana Mining Contract

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Lucara Diamond Corp. said it has terminated its contract with Eqstra Botswana to provide mining related services at its Karowe Mine. Contrary to recent media reports in Botswana, the Company is unaware of any fraud or illegal activities, of its current or former employees, in relation to the mining contract.

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Lucara added that while the performance of Eqstra under the contract remains a subject of discussion between the parties, an orderly transition to a new mining contractor is underway.

“Operations on site continue with the plant being fed with stockpiled material from the south lobe. The change in mining contractor is not expected to have any material impact on production.”

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