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OPERATIONS: OVERVIEW

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LESOTHO

Letšeng

The mine, located in the Maluti Mountains in the Kingdom of Lesotho in Southern Africa, is the world’s highest diamond mine, at an average altitude of 3,100m above sea level, and one of the coldest places in Africa.

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AUSTRALIA

Ellendale

In December 2007, Gem Diamonds acquired Ellendale mine, in the Kimberley region of Western Australia, when it acquired Kimberley Diamond Company for US$249 million.

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BELGIUM

Gem Diamond Marketing Services BVBA

The Group’s marketing operation, Gem Diamond Marketing Services BVBA, a Belgian-based subsidiary, has implemented a dynamic and flexible sales strategy for its high value diamonds from the Letšeng and Ellendale mines in Lesotho and Australia.

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BOTSWANA

Ghaghoo Diamond Mine

In May 2007, Gem Diamonds acquired Gope Exploration from De Beers and Xstrata for US$34 million. Gope Exploration Company (Pty) Limited, now renamed Gem Diamonds Botswana (Pty) Limited, holds a 25 year mining licence for the Gope Deposit, now renamed as Ghaghoo Diamond Mine.

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