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Gem Diamonds is a diamond mining company with a balanced portfolio of producing kimberlite, lamproite and alluvial mines, development projects and long-term prospects. Established in July 2005, Gem Diamonds is pursuing an accelerated growth strategy and aims to become one of the world's leading diamond producers.
Gem Diamonds currently has one producing kimberlite mine, Letšeng, in Lesotho, a producing lamproite mine Ellendale in Australia, a producing alluvial mine Cempaka in Indonesia, four development projects in the Democratic Republic of Congo, one in the Central African Republic and an option to develop the Chiri kimberlite concession in Angola. The Company has recently acquired Gope Exploration Company in Botswana and is in the process of evaluating development alternatives for this kimberlite property. Gem Diamonds has a specific focus towards higher value diamonds, a segment of the market that its management believes will deliver superior long term returns.
In February 2007, Gem Diamonds listed on the London Stock Exchange and raised US$600 million (net of expenses) to fund development of its existing assets as well as to pursue acquisitive growth opportunities. Gem Diamonds trades under the code GEMD.
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