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Lucara to double Karowe mine life

Lucara Diamond Corp has released a feasibility study detailing plans to expand its Karowe diamond mine in Botswana - a move expected to double the mine’s life, to 2040.

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Lucara says extending the Kerowe mine's life by 15 years will generate a lot of extra cash

The Lucara feasibility study envisages life of mine production of 7.8 million carats, with a pre-production capital cost of $514 million for the underground project.

This would generate US$5.