LETŠENG DIAMOND MINEGHAGHOO DIAMOND MINE
LETŠENG DIAMOND MINE
The Letšeng mine is located in the Maluti Mountains of Lesotho and is renowned for its recovery of large, high quality, exceptional Type II diamonds.
Among these diamonds recovered are the 910 carat Lesotho Legend, the 603 carat Lesotho Promise, the 550 carat Letšeng Star and the 493 carat Letšeng Legacy.
For images of these and other famous diamonds, please see Our Diamonds
GHAGHOO DIAMOND MINE
The Ghaghoo mine, situated near the south-eastern border of the Central Kalahari Game Reserve was acquired by Gem Diamonds in May 2007 with a 25 year mining licence obtained from January 2011, and is the first underground diamond mine in Botswana. The mine consists of a 10.4ha kimberlite pipe, and has an insitu value of US$4.9 billion (as at 1 January 2014). Diamonds produced at Ghaghoo are of a commercial quality and lower value and size than those from Letšeng.
The Ghaghoo mine was placed on care and maintenance in 2017 following the weak state of the diamond market for the category of diamonds produced at Ghaghoo and a decision was made to proceed with the sale of the Ghaghoo mine.
During the first six months of 2018 a formal sale process to sell the Ghaghoo mine commenced with Nedbank Capital being appointed as the corporate advisor on the transaction. On 20 June 2019, the Group announced that it has entered into a binding agreement with Pro Civil (Pty) Limited, a company registered in Botswana, for the sale of 100% of the share capital of Gem Diamonds Botswana Proprietary Limited. For more information on Ghaghoo refer to the latest Annual Report and Accounts, Half-year Reports, relevant trading updates and press releases.