No ruling yet on Diamonex mine liquidation

Stevens said on Monday that there was a hearing at the High Court recently seeking to put the mine under liquidation but they are still waiting for a ruling. Diamonex mine has never made profits since it started operating as a result of disappointing results from its first sales. It's opening coincided with the world economic crunch and the company was left with no choice but to seek permission to be put under judicial management from the High Court. Currently, the mine is not operating.

Stevens said he hopes the mine will recover when the diamond prices improve. He said the judicial management order for the mine was for one-year ending on February 2010.