Emu Purchases SA Diamond Operation

Mining Weekly reported that Emu Nickel formed a joint venture vehicle with El Nino Mining Proprietary in South Africa in order to buy a diamond operation.

As quoted in the market news:

The JV vehicle would purchase all of the issued capital in Superkolong Proprietary (SK), which, in turn, holds a 30.4% interest in Kimberley Miners Forum Proprietary (KMF).

KMF has purchased a number of coarse, diamondiferous kimberlite tailings dumps, while SK operates a diamond tailings processing and recovery plant on land leased from diamond giant De Beers.

Click here to read the full Mining Weekly report.

Get the Latest Diamond Investing Stock Information

Get the latest information about companies associated with Diamond Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply