AF Diamonds' AK6 to come on stream September

BSE-listed African Diamonds says development of its AK6 diamond mine is scheduled to start in September after completion of feasibility studies in the next two months.

In an interim results statement, Executive Chairman John Teeling says the company is at an advanced stage of completing financing to cover expenditure in 2010 and 2011.

"The pace of development at AK6 is accelerating," says Teeling. "The mine will come on stream in 2011 within the cost parameters that we have previously set.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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