16 Oct 2019
DiamondWorld Directory
Home |
News
Home
Paragon Diamonds Limited awarded mining license
Paragon Diamonds shares were up 12.3% at 6.74 pence early Monday
By: Diamond World News Service
|
Oct 14 2013 5:43PM
|
Reference: 8378  

DecreaseIncrease
Paragon Diamonds Limited has been awarded a Mining Licence by the Lesotho Ministry of Mines for its 85 percent owned Lemphane Kimberlite project in Lesotho.The Licence is for duration of 10 years until 9 October 2023, and is renewable.

The approved mining program is based on a two-year stage 1 mine plan of 540,000 tonnes per year, followed by an eight-year stage 2 mine plan of 3 million tonnes per year for an initial open-pit life of 10 years. The company is still in the process of negotiations regarding government participation and royalty but expects terms to be in line with other mining licenses awarded in the region.

Paragon Diamonds shares were up 12.3% at 6.74 pence early Monday, one of the biggest rises on AIM.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 19754
GJEPC Chairman Interview
Views: 17695
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 24715
Promo for IJ Awards 2012 at NDTV Profit
Views: 37903
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 41518
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 15046
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 39443
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 37075
Advertisement
KGK_Antwepr
Advertisement
Mohra India
Member of:
Supporter of: