Gem Diamonds hand over Boreholes in Botswana

RNS Number : 0547M

Gem Diamonds Limited

10 August 2011

 



10 August 2011                                                                            Announcement

Gem Diamonds and VOX United to hand over Boreholes to residents of the Central Kalahari Game Reserve (CKGR) in Botswana

Gem Diamonds Botswana is pleased to announce that it will hand over four boreholes to the Mothomelo, Metsiamanong, Molapo and Gope residents in the CKGR in Botswana at the end of August.  Gem Diamonds recently established a partnership with a non-profit making organization, VOX United, to drill boreholes in order to provide the residents of the CKGR with water. Gem Diamonds is contributing to this important community project both financially and with its technical drilling experience.

The Managing Director of Gem Diamonds Botswana, Haile Mphusu, said that the Mothomelo borehole has already been equipped and is ready for use while the Metsiamanong, Molapo and Gope boreholes are expected to be equipped by the end of August 2011. In addition, Mr Mphusu said that Gem Diamonds is investigating the sustainable viability of various water purification options to ensure that the boreholes will provide potable water to the residents of the CKGR.

Once the boreholes are operational, Gem Diamonds will assist the CKGR residents with the implementation of a sustainable maintenance programme for the boreholes.

The borehole drilling programme is a part of Gem Diamonds' ongoing corporate social responsibility and sustainability programme, which is aimed at the development of a lasting, positive legacy through regular, sustained and participative communication and collaboration. The programme will also benefit the local ecosystem as it will provide multiple sources of water at the various settlements in the CKGR.

For further information:

Gem Diamonds Botswana Limited

Haile Mphusu, Managing Director, Gem Diamonds Botswana

Tel: [phone]

Gem Diamond Technical Services (Pty) Ltd

Sherryn Tedder, Corporate Affairs
Tel: [phone]
Mob: [phone]

Pelham Bell Pottinger

Charles Vivian

Tel: [phone]

Mob: [phone]

James MacFarlane

Tel: [phone]

Mob: [phone]

About Gem Diamonds

Gem Diamonds is an international diamond mining company that has pursued a long term growth strategy through targeted acquisitions and the development of its existing assets. Following the recovery in diamond prices in 2010 the Company's focus has been to place itself in a position to take advantage of long term growth opportunities.

The Company's mining portfolio comprises producing kimberlite and lamproite mines in Lesotho and Australia, as well as a mine development project in Botswana.

With Letšeng's production of the world's most sought after remarkable white diamonds and Ellendale's production of rare fancy yellow diamonds, Gem Diamonds remains focused on higher value diamonds. This segment of the market is likely to deliver attractive long term returns.

www.gemdiamonds.com

 

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