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Gem Diamonds Chops Four Years Off Letšeng Mine Life
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Gem Diamonds Chops Four Years Off Letšeng Mine Life
Gem Diamonds has shortened the life of its Letšeng mine in Lesotho by four years following cost-cutting initiatives during the challenging market that will prevent it from working on new portions of the deposit. The miner scaled back its waste mining at the main pipe’s cut 4 area, which would allow it to reach deeper portions of the site, in an effort to reduce costs, it said Thursday. That means the company plans to continue operating at the si…
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