Lesotho Sells Diamonds Seized from Illegal Miners

By John Jeffay / May 31, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Diamonds seized from illegal miners in Lesotho are to be sold to licensed dealers by the country's mining ministry.Small-scale diamond mining was outlawed in 2004 because of safety concerns and a lack of regulation, although there are reports that the government is now about to permit the resumption of limited artisanal operations.Bids are being invited during a two-day tender for gems confiscated over the years, according to SABC (South African Broadcasting Corporation).The government introduced an amnesty last year aimed at removing illegally-mined rough diamonds from the black market.  Gems handed in will be sold at auction.Large-scale mining in the landlocked African nation is dominated by Gem Diamonds' Letseng mine, which boasts the highest per carat diamonds in the world.Pic for illustrative purposes

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok