31 Jan 2023
DiamondWorld Directory
-
Home |
News
Home
Lesotho Mining Board Agrees To Renew Letšeng Mining Lease
The mining lease is likely be extended until 2034, says Gem Diamonds.
By: Diamond World News Service
|
Apr 21 2018 10:49AM
|
Reference: 16282  

DecreaseIncrease

Gem Diamonds Limited (LSE: GEMD) announced that at the Lesotho Mining Roundtable event held on 18 April, as part of The Commonwealth Heads of Government Meeting (CHOGM) currently being held in London, The Honourable Prime Minister of Lesotho and the Honourable Minister of Mining announced their intention to renew the Letšeng mining lease until 2034. The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter.

The full terms of the renewed mining lease are subject to a statutory negotiation process with the Lesotho Mining Board and, when agreed, will be contained in a new mining lease agreement. A further announcement will be made once the statutory negotiations have been concluded and a new Letseng mining lease has been issued.

Gem Diamonds' CEO, Clifford Elphick commented:

“The Lesotho Government’s announcement that they intend to renew the Letšeng mining lease until 2034 is welcomed as a demonstration of the positive partnership which exists between Gem Diamonds and the Government.  I would like to thank the Government of Lesotho for their ongoing support which will allow Gem Diamonds to continue to extract some of the world’s largest and most valuable diamonds from this remarkable resource.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
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
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32411
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10088
GJEPC Chairman Interview
Views: 28497
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39972
Promo for IJ Awards 2012 at NDTV Profit
Views: 57548
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69153
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22170
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51348
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53706
Advertisement
DWsubscription
Member of:
Supporter of: