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Investegate announcements from Gem Diamonds Limited, Mining Indaba ESG Award for Water

The highly anticipated resuscitation of Ghaghoo Mine, previously operated by Gem Diamonds, will now be stalled for a little longer because a key partner in the deal has pulled out of the transaction. 

Vast Resources PLC, the London-listed Minin and Resource Development company that partnered last summer with Botswana Diamonds in a joint venture (Okwa Diamonds) aiming to buy Gem Diamonds' mothballed Ghaghoo mine in Botswana for US$4m, has announced it is pulling out of the deal, without further comment.

Gem Diamonds' Letšeng Diamonds has acquired and donated 20,000 doses of the Johnson & Johnson Covid-19 vaccine to the Government of Lesotho. The miner has contributed significantly to the national effort to control the spread of the virus, engaging extensively with the Ministry of Health. The distribution will happen according to the Government's vaccine rollout plan.

Letšeng recovers 370 carat diamond Letšeng recovers 370 carat diamond Nthatuoa Koeshe LETŠENG Diamonds has continued with its impressive performance of recovering top quality diamonds, with the latest find being a high quality 370-carat Type II white diamond, from its mine in Mokhotlong. Gem Diamonds, which owns 70 percent of Letšeng Diamonds with the remainder being held by the government, announced its latest find in a statement this week. “Gem Diamonds Limited is pleased to announce the recovery of a high quality 370-carat Type II white diamond from the Letšeng mine in Lesotho...