business

June 15, 2022

KABELO MASOABI

2 min read

Letšeng recovers 245 carat diamond

Letšeng recovers 245 carat diamond

Lesotho Legend Head, recovered previously at the Letšeng Diamond Mine

Story highlights

  • A third diamond worth over 100 carats in three weeks
  • Gem Diamonds has won Investing in African Mining Indaba Junior ESG Awards 2022

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GEM Diamonds Limited has announced the recovery of an exceptional quality 245 carat white Type II diamond from its Mokhotlong Letšeng Diamond Mine on June 11.

The 245 carat diamond represents the third diamond of over 100 carats recovered from the Letšeng mine within the past three weeks.

A 129 carat diamond was discovered on May 23 and yet another 125 carat diamond on May 31.

Gem Diamonds is a leading global diamond producer of high value diamonds. The company owns 70 percent of the Letšeng Mine. The mine is famous for the production of large, top colour, exceptional white diamonds, making it the highest dollar per carat kimberlite diamond mine in the world.
The group also owns the Ghaghoo mine in Botswana, with head offices in the United Kingdom and sales and marketing capabilities in Belgium and Innovation Solutions in Cyprus.
On June 6, Gem Diamonds also announced its winning of the Investing in African Mining Indaba Junior ESG Awards 2022, in three categories namely; protection of biodiversity, responsible water and health and safety.
ESG stands for Environmental, Social, and Governance and adds that investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
The brand-new Mining Indaba inaugural awards highlighted junior mining companies that excel in making a significant positive ESG impact.
Gem Diamonds said the awards were an opportunity to put a company in the spotlight and rewarded them for excelling in energy efficiency, responsible water, protection of biodiversity, technological modernisation, community support, enhanced labour standards, health and safety, and equality and diversity.
Applicants were assessed by a panel of independent judges comprising of ESG advisors, managers, and analysts.

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The Protection of Biodiversity Award is described as recognising a company that has implemented pioneering and effective strategies to protect and preserve ecosystems and species potentially affected by their projects and operations.
Gem Diamonds said Letšeng mitigated the impact mining activities had on the environment through responsible environmental management that included biodiversity preservation and rehabilitation of disturbed land.
It said sustainable water management was a key priority for Letšeng, adding that the operation had implemented a comprehensive water management strategy that included quality preservation and usage reduction measures.

On the other hand, the Responsible Water Award recognises a company that either improves access to clean water for local communities and/or manages water usage responsibly and sustainability in development of their projects and/or operations of assets.


 

 

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