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BRIEF-Gem Diamonds to place Botswana's Ghaghoo mine under maintenance
February 16, 2017 / 8:24 AM / 7 months ago

BRIEF-Gem Diamonds to place Botswana's Ghaghoo mine under maintenance

Feb 16 (Reuters) - Gem Diamonds Ltd:

* Update on the future of the Ghaghoo mine

* Company’s board has decided that Ghaghoo mine in Botswana will be placed on care and maintenance with immediate effect

* Anticipated that, post once off settlement costs, this will result in an annualised care and maintenance cost of $3 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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