Profile: Gem Diamonds Ltd (GEMD.L)

Gem Diamonds Limited is a global diamond mining company. The Company owns two production mines, the Letseng mine in Lesotho and the Ellendale mine in Australia, as well as the Ghaghoo mine, which is in development in Botswana. The Company operates in Lesotho, Australia, Botswana, Belgium, and British Virgin Islands, Republic of South Africa and United Kingdom. The Company owns 70% interest of Letseng Diamonds (Letseng). Its products also include white diamonds. Letseng diamond mine is engaged in mining and processing diamond bearing ore sourced from the Main and Satellite kimberlite pipes. Ellendale diamond mine is engaged in mining and processing diamond bearing ore sourced from the E9 lamproite pipe. As of December 31, 2011, the Ghaghoo mine in Botswana was developed and Phase 1 construction of the underground mine was progressing. It is a holding company. In February 2013, Goodrich Resources Ltd acquired Gem Diamonds Australia Holdings Pty Ltd.