Ghaghoo Mine faces final closure

Down and out: Ghaghoo was the country's first underground diamond mine
Down and out: Ghaghoo was the country's first underground diamond mine

Gem Diamonds, the owner of the Ghaghoo Diamond Mine in the Central Kalahari Game Reserve (CKGR), is considering a final closure of the operation after failing to secure a buyer over the last six years of suspended activities.

Since February 2017, Ghaghoo Mine has been on care and maintenance activities which entail keeping the mine's infrastructure in prime condition in preparation for a possible reopening.

However, after prioritising a sale of the mine last year and watching a planned takeover deal with Botswana Diamonds fail in May, Gem Diamonds directors this week indicated they were moving to final closure in the CKGR.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up