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Australian diamond mine revived with new deal - Jeweller Magazine: Jewellery News and Trends


Australian diamond mine revived with new deal
Posted May 28, 2021 | By Arabella Roden • Editor
Lucapa Diamond Company (Lucapa) has begun the process of acquiring the Merlin Mine in the Northern Territory, one of Australia’s two remaining viable diamond mines, from the liquidators of its previous owner.
Valued at $8.5 million, the binding Asset Sale Agreement includes the mining lease and exploration tenement – located approximately 720km southeast of Darwin – as well as equipment and assets.
Hopefully within the next couple of years, we are going to turn [it] around and put Australian diamonds back on the map
Stephen Wetherall, Lucapa Diamond Company ....

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