Lerala Diamond Mine Botswana Sold For 81 Million pula at Online Auction

Lerala Diamond Mine diamond mine was sold for 81 Million pula at an online auction after its liquidators failed to secure viable offers via conventional bids.

Online bids for Lerala Diamond Mine opened on May 24 and closed at 5 p.m. local time Wednesday. Lerala, which is owned by Sydney-based Kimberley Diamonds Ltd., was placed under judicial management in June last year due to weak sales and high operating costs.

“I can confirm the winning bid was $8.12 million (81 Million pula) but beyond that I cannot comment on the identity of the bidder nor any other information, until the liquidator gives me the go ahead,” John Taylor, an associate director at auctioneers GoIndustry DoveBid South Africa, said by phone.

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