Deal #4383

Location #1

Spatial accuracy level
Exact location
Location
Lerala, Botswana

Latitude
-22.697031771837004
Longitude
27.88811471830466
Target country
Botswana
Comment on location
34 Kilometers from Martins Drift Border Post (also known as Groblersbrug). 15 km north-west of the Lerala.

Land area

Intended size (in ha)
2186
Size under contract (leased or purchased area, in ha)
[2014] 2186
Comment on land area
five diamondiferous kimberlite pipes totaling 6.66h in size. Pipes are a total of 6.66h, but mining license is 2186ha.

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Diamonds

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2014] Concluded (Contract signed)
Comment on negotiation status
Kimberley diamonds obtained the land from Mantle.

Implementation status

Implementation status
[2014] Startup phase (no production)
[2016] In operation (production)
Comment on implementation status
The mine was placed under care and maintenance in 2012 by Mantle. Kimberley Diamonds plans to recommence production in 2015.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
15

Operating company

Comment on investment chain
The mine is also known as Martins Drift Diamond Project

 

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Data source #1

Data source type
Media report
File
Date
2014-02-25
Comment on data source
Africa Investor- Kimberley Diamonds completes acquisition of Mantle

Data source #2

Data source type
Media report
File
Date
2014-06-02
Comment on data source
Mining Weekly- Kimberley Diamonds to restart Botswana project, withdraws E4 funding

Data source #3

Data source type
Company sources
File
Date
2014-02-24
Comment on data source
http://www.kdc.com.au/lerala-diamond-mine-gem-quality-diamonds-botswana/. URL no longer working. Kimberley Diamonds Ltd- ASX announcement

Data source #4

Data source type
Company sources
File
Comment on data source
Pacific Road Capital Ltd website

Data source #5

Data source type
Media report
File
Date
2016-04-12
Comment on data source
adogreen- Lerala mine reopens in Botswana - Much needed jobs opening in the Botswana mining industry.

Data source #6

Data source type
Media report
File
Date
2014-09-12
Comment on data source
News: Kimberley Diamonds engages Consulmet for Lerala mine work

Data source #7

Data source type
Media report
File
Date
2016-10-10
Comment on data source
Nemisis International- Lerala Diamond Mines In Offtake Deal For Botswana Mine Sales

Data source #8

Data source type
Media report
File
Date
2016-10-24
Comment on data source
The Diamond Loupe- Kimberley Diamonds Suspends Mining Operations at Lerala Mine, Botswana

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Formerly owned by Mantle

Former land use

Former land use
Other
Comment on former land use
Mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)
Comment on former land cover
Mining operations

Detailed crop, animal and mineral information

Resources area
Diamonds

Use of produce

Has export
Yes
Comment on use of produce
An offtake agreement has been signed until February 2017.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
230 tonnes per hour processing and recovery facility, Lerala will target a production rate of approximately 400,000 carats per annum (cpa)

Water extraction envisaged

Water extraction envisaged
Yes

April 29, 2019, 6:18 p.m.

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Jan. 16, 2017, 12:59 p.m.

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Oct. 18, 2016, 11:21 a.m.

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March 23, 2016, 4:39 p.m.

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June 3, 2014, 5:38 p.m.

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