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Africa|PROJECT|transport
Africa|PROJECT|transport
africa|project|transport

Lucapa sells Mothae to Lesotho company

14th August 2024

By: Creamer Media Reporter

     

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Australia-headquartered Lucapa Diamond has successfully completed the divestment of its 70% stake in the Mothae mine in Lesotho.

The interest was sold to local Lesotho company Lephema Executive Transport, following the fulfilment of the conditions precedent of the sale and purchase agreement entered into in June.

The divestment, which was conducted via a public sale process, follows a strategic review of Lucapa’s asset portfolio by the recently restructured board of directors. The review determined that Lucapa should focus on its core assets in Africa and Australia, being its 60% interest in the Lulo mine, in Angola, and its Merlin diamond project, in the Northern Territory.

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Edited by Creamer Media Reporter

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