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Sierra Leone diamond Miner Secures Funding For $150M Expansion
Jul. 01, 2011 06:33AM PST
Gem InvestingMining Weekly reports that Koidu Holdings has secured funding for the $150-million expansion.
Mining Weekly reports that Koidu Holdings has secured funding for the $150-million expansion.
The market news is quoted as saying,
CEO Jan Joubert reports that the expansion project incorporates all the currently evaluated kimberlite resources on the property. The richer K1 pipe, which was mined by vertical pit methods between 2005 and 2007, is currently being redeveloped to be brought back into production by the end of this year.
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