Currently viewing Global edition

Ghaghoo needs more time

Understanding the ins and outs of the Ghaghoo underground diamond mine is taking a little longer than first expected for management at Gem Diamonds, but CEO Clifford Elphick is hoping by next year they will have a better idea of its future.

Several years back, Gem decided to skip the US$75 million feasibility study on the Botswana-based project and move onto building a US$96 million underground mine. Essentially a feasibility by mining.