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Online auction fetches US$8.1M for Kimberley's Lerala diamond mine

Kimberley Diamonds Ltd.'s Lerala diamond mine in Botswana was sold for US$8.1 million in an online auction, Bloomberg News reported May 30.

The online bids for the asset opened May 24 and closed May 30.

"I can confirm the winning bid was $8.12 million but beyond that I cannot comment on the identity of the bidder nor any other information, until the liquidator gives me the go ahead," said John Taylor, an associate director at auctioneer GoIndustry DoveBid South Africa.

The Lerala mine was put up for the online auction in late April after liquidators failed to secure reasonable offers for the shuttered asset.

Kimberley entered into voluntary administration in mid-2017 after getting delisted from the ASX and closing Lerala, which produced about 59,000 carats in the year leading up to its closure.