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Botswana leaned on Lucara to renew diamond deal

Summary by Miningmx
BOTSWANA may have had a lot to do with Lucara Diamond’s decision to renew a marketing agreement with marketer HB Group despite finding the Antwerp-based firm had breached a financial agreement in 2023. “The reason we got back together is not because we wanted to,” said William Lamb, CEO of Lucara Diamond Corp in an interview with Miningmx last month. “That’s all I’m saying.” The Botswana government has a 24% stake in HB Group and under its forme…
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Botswana leaned on Lucara to renew diamond deal

BOTSWANA may have had a lot to do with Lucara Diamond’s decision to renew a marketing agreement with marketer HB Group despite finding the Antwerp-based firm had breached a financial agreement in 2023. “The reason we got back together is not because we wanted to,” said William Lamb, CEO of Lucara Diamond Corp in an interview with Miningmx last month. “That’s all I’m saying.” The Botswana government has a 24% stake in HB Group and under its forme…

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Miningmx broke the news in on Monday, February 10, 2025.
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