Lucara Appoints Aveng Moolmans As New Karowe Mining Contractor

Lucara Diamond Corp said it has appointed Moolman Mining Botswana (Pty) Ltd (Aveng Moolmans) as its new mining contractor at the 100% owned Karowe diamond mine in Botswana.

Karowe open pit

Aveng Moolmans, a company forming part of Aveng Mining has been contracted for a 6 year period to provide the full suite of mining services at the Karowe mine, including all drill, blast, load and haul functions for both ore and waste. Aveng Moolmans will commence mobilisation of equipment to site during January and February 2017 and expects to begin mining activities in early March 2017.

Lucara President and Chief Executive Officer, William Lamb said they are pleased to have engaged Aveng Moolmans as their new mining partner at the Karowe mine. He said their extensive expertise in working in Botswana and other African countries together with their proven track record and their ability to achieve production volumes over the contract period, makes them a valuable partner as “we work to maximise the future value of this incredible resource, at Karowe, for our shareholders and all our stakeholders in Botswana.”

“The transition to Aveng Moolmans also provides the Company with increased mining flexibility and capacity to achieve sustainable production and continued strong operating cash flows,” Lamb said.

“Since December 2016, we have continued to process ore from the south and centre lobe stockpiles and are in line to achieve our production and operating guidance for 2017.”

Stuart White, Operating Group Managing Director, Aveng Mining added that they are grateful for the opportunity of joining the Lucara team at the Karowe mine as its mining department and look forward to adding value to this prestigious diamond mining operation.

“This long-term project allows us to build on our 15 year presence in Botswana in which we will strive to make a positive contribution to all our stakeholders, including the communities in which we operate.

“Mobilisation preparations are underway to ensure a timely start of mining activities, and production to plan.”


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