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Lucara secures project finance for Karowe expansion

TSX-listed Lucara Diamond has secured a project financing package to cover nearly half of the US$514M it needs to fund the underground expansion of its Karowe mine in Botswana.

Lucara secures project finance for Karowe expansion Lucara secures project finance for Karowe expansion Lucara secures project finance for Karowe expansion Lucara secures project finance for Karowe expansion Lucara secures project finance for Karowe expansion

Lucara Diamond's Karowe mine in Botswana

ING Bank, Natixis, Societe Generale London, Africa Finance Corporation and Afreximbank are mandated lead arrangers of the US$220 million debt facility.