Gem Diamonds Limited Re-commencement of operations at Letšeng (7049K)
April 24 2020 - 1:00AM
UK Regulatory
TIDMGEMD
RNS Number : 7049K
Gem Diamonds Limited
24 April 2020
24 April 2020
GEM DIAMONDS LIMITED
("Gem Diamonds" or "the Company")
Re-commencement of operations at Letšeng
Gem Diamonds Limited (LSE: GEMD) announces that, notwithstanding
the general lockdown in Lesotho having been extended until 5 May
2020, the Government of Lesotho has permitted the re-opening of
diamond mines in Lesotho, previously subjected to a lockdown order,
subject to compliance with Covid-19 health and safety
guidelines.
Accordingly, the Company's Letšeng mine will re-open on Monday,
27 April 2020, in accordance with a phased ramp-up plan which is
compliant with health and safety protocols formulated by health
experts for the prevention of Covid-19 disease. This plan also
reflects the practical supply chain and market considerations
arising from the continued lockdown in Lesotho, South Africa,
Belgium and other relevant jurisdictions.
To date, there have been no reported instances of any Covid-19
positive test cases in Lesotho, at the Letšeng mine or any of the
Company's international operations.
Gem Diamonds' key priority remains the safety of its employees,
contractors and customers, and the Company has adopted a
comprehensive Covid-19 management plan and will continue to ensure
all relevant safety protocols relating to Covid-19 are adhered
to.
Due to the travel and other restrictions, the Company has now
concluded two successful flexible tender sale processes for Letšeng
diamonds. These will continue throughout this period. In addition,
the Company continues to assess the full extent of the operational
and financial impacts of the Covid-19 disease and updated 2020
guidance will be provided once this process is completed.
For a full description of the steps taken regarding the
prevention of the Covid-19 disease, please see the Company's
website at www.gemdiamonds.com
The Gem Diamonds Limited LEI number is 213800RC2PGGMZQG8L67.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
For further information:
Gem Diamonds
Susan Wallace, Company Secretarial department
ir@gemdiamonds.com
Celicourt Communications
Mark Antelme / Joanna Parker
Tel: +44 (0) 208 434 2643
About Gem Diamonds:
Gem Diamonds is a leading global diamond producer of high value
diamonds. The Company owns 70% of the Letšeng mine in Lesotho. The
Letšeng 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. www.gemdiamonds.com
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END
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