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February 2016
MODERN MINING
15
MINING News
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gertcoetzee@lantic.netSSD HPH advert.indd 1
2016/02/17 09:23:39 AM
Lucara Diamond Corp has announced the
winning name for the 1 111-carat gem
quality diamond recovered at its Karowe
mine in Botswana in November, 2015.
The diamond has been named
Lesedi La
Rona
whichmeans‘Our Light’. The win-
ner of the competition is Thembani
Moitlhobogi, who will receive a prize
of 25 000 Pula. The winning entry was
announced at the Mining Indaba in
Cape Town.
On January 18, 2016 Lucara launched
a competition to name this spectacular
Type IIa diamond, the biggest diamond
ever recovered in Botswana and the sec-
ond largest ever found in the world. The
competition was open to all Botswanan
citizens including the company’s Batswana
employees. Entrants were invited to sub-
mit their suggested name and their
rationale for their choice. More than 11 000
entries were received.
To ensure transparency and inde-
pendence during the name selection
Blanket heads for 50 000
ounces of gold a year
Caledonia Mining Corporation reports that
gold production from its 49 %-owned sub-
sidiary, the Blanket mine near Gwanda
in Zimbabwe, for the quarter (Q4) ended
December 31, 2015 amounted to approxi-
mately 11 518 ounces, representing a 10,6 %
increase on the gold produced in Q4 2014
(10 417 ounces) and a 5,4 % increase on the
gold produced in Q3 2015 (10 927 ounces).
Total 2015 gold production was approxi-
mately 42 806 ounces, a 2,5 % increase over
the annual gold production in 2014 of 41 771
ounces and 1,9 % higher than the production
guidance of 42 000 ounces for 2015.
Targeted gold production for 2016 is
approximately 50 000 ounces, unchanged
from previous guidance. The rate of produc-
tion is expected to increase over the course
of 2016 as production from the No 6 Winze
increases. The quarterly production profile is
expected to be approximately 10 700 ounces
of gold in the first quarter of 2016 increasing
to approximately 14 000 ounces of gold by the
fourth quarter of 2016.
Lucara names its record-breaking diamond
process, the audit firm of Ernst & Young
was retained to oversee the competition.
The judging panel consisted of a total of
five executives from both Lucara and the
Karowe mine. Entries were submitted to
the judging panel on an anonymous basis
with Ernst & Young retrieving the winner’s
name after the panel had selected the win-
ning name for the diamond.