Ghaghoo Mine faces final closure

Wednesday, March 22, 2023 | 5980 Views |

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.

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Ghaghoo Mine faces final closure

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.