INVESTORS OVERVIEW
Investment case
While Letšeng Mine is renowned for its large, high-value white diamonds, the Group has a number of other attributes that make it a unique and compelling investment proposition:
Drag left to right to view moreWhile Letšeng Mine is renowned for its large, high-value white diamonds, the Group has a number of other attributes that make it a unique and compelling investment proposition:
Drag left to right to view moreLarge high-value diamonds recovered from the Letšeng mine account for 75% to 80% of the Group’s revenue annually, making Letšeng the highest average dollar per carat kimberlite diamond mine in the world.
Since the Letšeng mine was acquired in 2006, it has recovered 121 greater than 100 carat rough diamonds. In addition, it has also produced high-quality pink and blue diamonds.
Operating costs per tonne at the mine are among the lowest in the world and the Group continues to realise ongoing benefits from the implemented BT initiatives and the ongoing CI programme currently being rolled out.
Letšeng is a long-term asset with the possibility of further underground expansion.
The Group maintains a strong balance sheet, generated positive cash flow and produced strong financial results during challenging times, including the COVID-19 pandemic.
The Group continually explore ways to optimise its operating model, reduce diamond damage and embed a culture of continuous improvement to extract maximum value from its operations, in line with its strategic pillar.
Advanced mapping and analysis of diamonds assists strategic selling, partnering or manufacturing decisions to achieve the highest value through multiple selling channels.
Experienced global Board and Executive Management with a track record of successful mine plan optimisation and cost reduction.
Significant in-country experience and expertise has and continues to be developed at our operations.
Commitment to ethical business practices and good corporate governance.
The Group is committed to distributing its financial resources in ways that will increase its efficiency, and maximise its profits and deliver a sustainable return to shareholders.
We are committed to promoting a culture of zero harm and responsible care to minimise our impact on the environment and optimise the benefit for our communities.
*Dates are subject to change
Regular engagements with shareholders and other stakeholders provide relevant input for decision-making, promote the long-term sustainability of the Group and enable our contribution to wider society.
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Corporate governance