DiamondCorp to start underground production next year
Friday, July 02, 2010
This followed the cessation of surface mining at its Lace mine, owing to the 2009 financial year being dominated by very weak diamond prices. DiamondCorp CEO Paul Loudon said in a statement announcing the company's year-end results, that after Diamondcorp stopped producing diamonds from the old mine tailings at the Lace property, it started focusing on putting into place a number of steps to ease a transition into a fully functioning underground mining operation.
"We remain upbeat about the future sustainability of Lace, and are confident that it will continue to yield real value, especially as we have now seen a recovery in diamond prices and believe in strong market fundamentals going forward."
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...