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…
Continue Reading
-
Noosa News23 hours agoTwo trapped and fighting for life after major three-vehicle crash in Brisbane
-
Business24 hours agoUp 105% in a year, are Pro Medicus shares still a good buy today?
-
Noosa News20 hours agoBali traveller sparks urgent measles alert across Queensland
-
Noosa News19 hours agoQueensland man sentenced to four years imprisonment after string of terror offences