Korean Company to Develop Diamond Mine in Cameroon

Israeli Diamond Portal.com reports that Korean company C&K Mining has received licensing to develop the Mobilong diamond mine in southeast Cameroon.

The story is quoted as saying:

According to a report on Korea’s Chosunilbo.com website, the site contains an estimated 420 million carats of rough diamonds, and C&K Mining’s license will stay valid for 25 years with options to renew every 10 years after that

To access the full story, click here.