Lonrho Mining announced the sale of its South African subsidiary companies to New African Mining and African Renaissance
Holdings. The divestment of the Company’s non-core diamond assets in South Africa, including its former 80 percent interest in the Schmidtsdrift Mine, marks an important milestone for Lonrho. The completion of this transaction will enable Lonrho to focus its efforts and resources on its core asset, the highly prospective 3,000km2 Lulo Diamond Concession in Angola.
Production for the quarter was 910 carats from 219,088 ROM tonnes at an average
grade of 0.42 carats per hundred tonnes. The production included 15 stones in excess of 5 carats in size. This included 5 stones between 10 and 30 carats in size
May 31, 2008
Since re-commencing prospecting and trial mining operations in April 2006
- the mine has produced 16,805 carats of diamonds from 3,209,484 tonnes at an average grade of 0.52 carats per hundred tonnes;
- to date, 338 stones in excess of 5 carats in size have been recovered, including a rare 235 carat stone, two 66 carat stones, a 61 carat stone and 45 stones between 15 and 50 carats in size; and
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