Lerala mine talks on

source: BOPA
10 February, 2010

LERALA – Negotiations aimed at re-opening Lerala diamond mine are still ongoing, says the Minister of Minerals, Energy and Water Resources, Mr Ponatshego Kedikilwe.

Production at the miane was suspended indefinitely early last year due to the global financial downturn, which resulted in reduced prices of mineral commodities.

As a result of the mine closure, 284 jobs were lost. DiamonExs first disappointing sale was in October, 2008 when the price was 35 per cent below the actual value of diamonds.

The effects of the financial crisis were also felt by Orapa and Jwaneng mines, which responded by scaling down production and [continue reading]

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