A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers.
Online bids for the Lerala
Diamond Mine open at 5 p.m. on May 24 and run through 2 p.m. on May 30,
according to a statement published in the weekly Monitor newspaper by
the auctioneers, GoIndustry DoveBid.
Lerala, which is owned by
Sydney-based Kimberley Diamonds Ltd., was placed under judicial
management in June last year due to weak sales and high operating costs.
Lerala produced about 59,000 carats in the year leading up to its
closure, compared with a published target of 357,000 carats a year, over
a seven-year lifespan.
On offer are five kimberlite
pipes ranging from 0.16 hectare to 2.35 hectares in area, mining rights,
a 200 metric tons per hour processing plant, a 4.2 megawatt diesel
generator and other assets. Bidders are required to place a refundable
deposit of 5 million pula ($509,000).
Source: DCLA
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