Tuesday, June 13, 2017

Lesotho authorities announced that they are working to improve the country's diamond production from 340 000 to 1.5 million carats per year by 2020.
Lebohang Thotanyana (Lebohang Thotanyana), Lesotho Minister of Mining, said at a mining conference in Cape Town that the opening of four new diamond mines in the country will improve the diamond, which is currently carried out only in the Letseng mine (Letšeng) and now Storm Mountain Diamonds.
According to the minister, Likhobong (Liqhobong) mine started production in the last year and is expected to reach full capacity in 2018, while the project-Colo (Kolo) is carried out trial production, and full production will start in the second quarter of 2017.
Most recently, Lesotho completed the sale of 70 percent stake in the project Motae (Mothae) Lucapa Diamond Company.
Earlier diamond mine owned by Lucara Diamond, and now is expected to begin production by the end of the year, Thotanyana said.
According to the minister, the country's 20 concessions available for exploration.
"The first group of concessions (five areas) has been declared available in the last quarter of 2016 and is currently at the stage of evaluation, - he said -Follow group will be declared available for the second quarter 2017 ... exploration license will be issued for. an initial period of two years and may be extended for another year. "
At the same time Thotanyana said the Lesotho government would like to increase the value of diamonds produced in the country.
"Our government is considering a legal framework for the mining sector and makes recommendations to optimize or eliminate regulatory barriers and to ensure that the diamond beneficiation" - continues to minister.
In Lesotho, one of the largest mined diamonds, attracting the highest average price per carat.
In 2015, the average price per carat of diamonds from the country amounted to $ 931.39 while the global average of $ 108.96 per carat.
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1 comment:

Pearl Necklace said...

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As the portal National Jeweler, PwC consulting agency expects 29% of purchases to be completed before November 27, the beginning of the Black Friday week, consumers will make about 45% of the holiday purchases in December.