Winsome plans to repurpose the existing infrastructure for lithium processing to handle ore from its nearby Adina project.

In the first half of the year, Debswana sold diamonds worth $1.29 billion compared to $2.54 billion registered in the same period last year.

The diamond is the 45th +100 carat stone to be recovered from Lulo and the eighth largest since alluvial operations began in 2015.

Revenue from auctions was down 17% to $121 million for the first six months of 2024, from $145 million a year earlier.

The company says the Star-Orion South project is the largest undeveloped diamond deposit in the world.

Under current legislation, the government is entitled to offer to buy as much as 15% equity in any new mining entity.

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.