DIAMONDS
Diamond miner Lucapa Diamond Compnay has secured a $15-million finance facility to develop Phase 1 of its Mothae kimberlite diamond project, in Lesotho.
The three-year debt facility has been arranged with a private Singaporean company, and will be repayable in eight quarterly payments starting in December next year, by which time Lucapa expected Mothae to be in steady-state production under its Phase 1 development plan.
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