Meso Diamonds Finalises Lease Agreement For Kimberlite Pipe

News: Meso Diamonds, a subsidiary of AIM-listed Paragon Diamonds, has finalised a mining lease agreement with the Lesotho government for the mining of the Lemphane Kimberlite pipe in Lesotho. Following the finalisation of the terms and conditions of the agreement, the company would be able to prepare and subsequently start Stage 1 production at Lemphane. The company aims to mine 500,000 t/y in Stage 1 production to be able to recover an expected 10,000carat (ct) per year.

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Related sectors of this article: Mining
Geography: Lesotho
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