Ghaghoo Mine officially gets off the ground

Monday, September 08, 2014

GHAGHOO: President Ian Khama on Friday officially launched the country’s eighth diamond mine, Ghaghoo Mine, noting that the development was another step in the country’s aspirations of becoming a global centre for the diamond industry.

Owned by Gem Diamonds, which also has operations in Lesotho, the mine is the country’s sixth operating and only the second outside the Debswana stable. Kimberley Diamonds’ Lerala Mine in Tswapong is set to reopen having closed in 2009 at the height of the global recession while Firestone has put its mothballed BK11 mine up for sale.

Ghaghoo is the country’s first underground diamond mine built at a cost of US$95 million (P836 million).

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Ghaghoo Mine officially gets off the ground

GHAGHOO: President Ian Khama on Friday officially launched the country’s eighth diamond mine, Ghaghoo Mine, noting that the development was another step in the country’s aspirations of becoming a global centre for the diamond industry.