Gem Diamonds finally sells its failed Botswana mine

GEM diamonds

The miner has sold Ghaghoo for a fraction of what it cost to build as it fails yet again to diversify away from its Letšeng mine in Lesotho Gem Diamonds has sold its Ghaghoo operation for a fraction of what it cost to build what was Botswana’s first underground diamond mine, as it failed yet … Read more

Low Prices Trigger A Four-Way Merger Proposal For African Diamond Miners

Gem Diamond Mine

Tough times in some parts of the diamond-mining industry has prompted an innovative solution, a four-way merger to create a new southern African diamond specialist. The proposal, from the London office of the German bank, Berenberg, could see Gem Diamonds, Petra Diamonds, Lucara Diamond Corporation and Firestone Diamonds emerge as a single business with enhanced … Read more