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Deal #5491 Version #72751

Lesotho
Created at
2017-05-02
Last update
2017-05-02
Last full update
2020-08-07

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
Paragon had on 14 July 2015, finalised an agreement with Mothae’s erstwhile majority owner, Lucara Diamond Corporation, to purchase its original 75 percent stake in Mothae for US$8, 5 million (about M92.42 million). However, after the deal fell through, the government temporarily assumed 100 percent ownership of the mine and asked potential investors to submit their Expression of Interest letters for the acquisition of the mine.

Former land use

Former land use
Other
Comment on former land use
Mine

Former land cover

Former land cover
Other land (e.g. developed land)