CAPITAL MARKETS

Diamonex on debt trail for production

DIAMONEX is aiming to be a diamond producer by the end of the year after a feasibility study highlighted the Martin’s Drift mine in Botswana as capable of generating an operating cash flow of $US100 million ($A134 million) over the next 10 years.

Michael Quinn

Diamonex on debt trail for production

The proposed 1.3 million tonne per annum opencut development will yield around 333,000 carats per annum, generating total expected revenue of $230 million. The diamonds at the project were last valued...

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