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Kimberley's Lerala diamond mine receives interest ahead of auction close

Final bids for Kimberley Diamonds Ltd.'s Lerala diamond mine in Botswana will close May 30, Mining Weekly reported May 28, citing the auctioneer.

Auctioneer GoIndustry DoveBid South Africa will be facilitating the sale via an online auction. Bidders will be required to place a refundable deposit of 5 million Botswana pula.

GoIndustry DoveBid Associate Director John Taylor told the publication that the company has received interest for the asset. "We had about 12 people sign up for access to the information," he said.

The transaction would include the pits, the resource, the process plant and ancillary equipment, as well as the transfer of the mining license and rights.

The Lerala mine was put up for an 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 around 59,000 carats in the year leading up to its closure.

As of May 28, US$1 was equivalent to 9.92 Botswanan pula.