Gem to start talks on Gope this year
Friday, March 19, 2010
LSE-listed Gem has put a number of projects on care-and-maintenance, it has sold out of its Democratic Republic of Congo (DRC) alluvial exploration venture - retaining equity and royalty exposure to any kimberlites found there - and it has its Central African Republic prospect on the selling block. It wants to sell its Indonesian diamond mine too.
It is producing diamonds from Letseng in Lesotho and the Ellendale mine in Australia.
Gem posted an annual profit of $25m for the year to end-December 2009 compared to a restated $522m loss the year before. Revenue was slightly lower at $244m against $297m a year earlier. It has cash on hand of $114m and no debt, having raised $98.8m in April to settle debt and put cash in its coffers.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...