JOHANNESBURG (miningweekly.com) – Aim-listed Gem Diamonds is in discussions with other parties who are interested in acquiring the Ghaghoo mine, in Botswana, after an offer from an undisclosed party to buy the mine was withdrawn.
Gem on Tuesday informed shareholders that although the undisclosed party had made an offer in August to buy the mine, no agreement could be reached.
Ghaghoo was placed on care and maintenance in February owing to the weak state of market conditions for the category of diamonds produced at the mine.
The mine was placed on full care and maintenance in March.