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Lucara gets credit approved commitments for Karowe debt package

TSX-listed Lucara Diamond has secured credit approved commitments from five lenders for a $220 million debt package to fund the miner’s underground expansion plan at its Karowe mine in Botswana.

Oonagh Reidy
Lucara Diamond's Karowe open pit mine is located in Botswana

Lucara Diamond's Karowe open pit mine is located in Botswana

The package will comprise of two tranches: a project finance facility of $170 million to fund the underground expansion and a working capital facility of US$50 million to bankroll the ongoing operation...

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