Govt stake in Lerala Mine takes knock

Wednesday, June 04, 2014

Government stake in Lerala Diamond Mine promoters, Kimberley Diamonds Limited (KDL), has shed about 33 percent of its value due to the softening of the company’s share price on the Australian Stock Exchange.

Appearing before the Public Account Committee (PAC) last week, Permanent Secretary in the Ministry of Minerals, Energy and Water Resources, Boikobo Paya said the value of the stake in Kimberley is now worth around P10 million as the shares have shed value on the stock market.

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Govt stake in Lerala Mine takes knock

Government stake in Lerala Diamond Mine promoters, Kimberley Diamonds Limited (KDL), has shed about 33 percent of its value due to the softening of the company’s share price on the Australian Stock Exchange.