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Gem Diamonds Ltd. (LSE:GEMD) announced the opening of its Botswana-based Ghagoo mine, which will be the country’s first underground diamond mine.
Gem Diamonds Ltd. (LSE:GEMD) announced the opening of its Botswana-based Ghagoo mine, which will be the country’s first underground diamond mine. It will be the company’s “second major producing diamond mine.”
As quoted in the press release:
Botswana is the world’s leading diamond producer and home to some of the largest, most profitable diamond mines, making this an ideal country for Gem Diamonds to operate in. Through a phased development plan, Ghaghoo is expected to emerge as part of a new generation of diamond mines in Botswana, with a core focus on ensuring that the highest benchmarks of excellence across health and safety and social and environmental impacts are achieved. The Company has undergone a series of extensive studies and assessments relating to the environment, local communities and broader social impacts of the Ghaghoo mine, which will provide a critical framework to ensure that the mine operates to the most stringent of international standards. This is a strategic priority for the Company in a rapidly changing environment for the global mining industry, and will contribute to the further to the modernisation of the diamond mining industry to ensure long term sustainability.
Click here to read the full Gem Diamonds Ltd. (LSE:GEMD) press release.