Gem Diamonds inches closer to mining licence
Gem Diamonds reported that it has embarked on a bankable feasibility study that is expected to pave the way for the construction of the mine in the Central Kgalagadi Game Reserve (CKGR) by early next year.
The company said in a statement:
The development will be financed by a combination of cash and debt and discussions are ongoing with a number of banks in this regard.
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Mon, Sep 15, 2008
Post by Melissa Pistilli, Diamond Senior Reporter