Australia-headquartered Lucapa Diamond has successfully completed the sale of its 70% stake in the Mothae mine in Lesotho.
The interest was sold to the local Lesotho company Lephema Executive Transport, after all conditions of the sale and purchase agreement, signed in June, were met.
The divestment was carried out through a public sale process, following a strategic review of Lucapa’s asset portfolio by its newly restructured board of directors.
The review concluded that Lucapa should focus on its core assets in Africa and Australia, specifically its 60% interest in the Lulo mine in Angola and the Merlin diamond project in Australia’s Northern Territory.
