Business
Merlin diamond mine in remote Northern Territory to sell for $8.5 million – ABC News
The new owners of what will be the country’s only operating diamond mine hope to restart production within 24 months and “put Australian diamonds back on the map”….
A diamond mining company with interests in Angola and Lesotho has struck a deal to buy the Northern Territory’s Merlin diamond mine for $8.5 million.
Key points:
- Lucapa Diamonds agree to buy the Merlin diamond mine in the NT
- The mine produced Australia’s largest rough diamond on record
- Previous owner and Melbourne businessman Joseph Gutnick declared bankruptcy in 2016
The remote mine, 720 kilometres south-east of Darwin, holds the record for producing Australia’s largest rough diamond, but has not…
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