Diamond miner DiamondCorp reported that it believes its second phase of development at the Lace diamond mine near Kroonstad will be profitable at current prices after signs of an improvement in prices at its latest tender. DiamondCorp MD Paul Loudon stated: We are starting to see some stability returning to the market for small diamonds [...]
South African diamond mining company DiamondCorp plc has been granted the mining right for the Lace diamond mine after all the relevant documentation was executed with the Department of Minerals and Energy (DME). For full story, click here
DiamondCorp is all set to embark full scale mining from the end of next year at its Lace kimberlite mine in the Free State. The mining will produce 500,000 carats annually. For full story, click here
DiamondCorp plc has obtained $5 million loan to invest in phase-2 underground mining at its Lace diamond mine in South Africa. For full story, click here
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