Business
Kimberley Diamond Company Upd
Kimberley Diamond Company Upd.
About this update from Gem Diamonds Limited
[{"type":"text","content":"\n RNS Number : 9002N Gem Diamonds Limited 26 February 2009 \n26th February, 2009 News release \nGEM DIAMONDS LIMITED\n('Gem Diamonds') or ('the Company')\nOperational update from Kimberley Diamond Mines\nGem Diamonds (LSE: GEMD) announces that as part of an ongoing review of operations, and in light of recent market conditions, it will place the lower value E4 pipe at Kimberley Diamonds' Ellendale mine in Australia on care and maintenance with immediate effect.\nMining at the E9 pipe will continue at current levels. \nFor further information:\nGem Diamonds Limited\nClifford Elphick, Chief Executive Officer\nGlenn Turner, Chief Commercial Officer\nTel: +44 (0) 203 043 0280\nRichard Chetwode, Investor Relations\nTel: +44 (0) 203 043 0280\nMob: +44 (0) 759 0064 883\nGem Diamond Technical Services Ltd\nAngela Parr, Media\nMob: +27 (0) 83 578 3885\nPelham PR\nCandice Sgroi\nTel: +44 207 743 6376\nJames Henderson\nTel : +44 207 743 6673\nAbout Gem Diamonds:\nGem Diamonds Limited (LSE: GEMD) is a leading diamond mining company. The Company's portfolio comprises two producing mines and a number of projects that under current market conditions have been placed on care and maintenance. \nGem Diamonds was formed with the aim of becoming a leading supplier of...