Doom In Lerala As DiamonEx Mine Ceases Operations

Monday, February 02, 2009

SELEBI-PHIKWE: DiamonEx's Lerala mine has never made any profit because of disappointing results from its first sale.

The mine's opening coincided with the world economic crunch and the company was left without any choice but to seek permission to be placed under judicial management from the High Court.

The move means that DiamonEx has been granted a period of immunity from claims by its creditors.

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