/ 15 May 2008

Mine announces discovery of 61-carat diamond

Lonrho Mining has discovered an ”exceptional 61,30-carat fancy yellow diamond” at its Schmidtsdrift mine, along the western bank of the Vaal River, the company said on Thursday.

It said that the diamond is octahedron in shape and is expected to yield a high value.

Since the company commenced operations in April 2006 and up to April 30 2008, the Schmidtsdrift mine has produced 16 395 carats of diamonds from 3 255 969 tonnes at an average grade of 0,5 carats per hundred tons.

The production included 328 stones in excess of five carats in size, including a rare 235-carat stone, two 66-carat stones and 25 stones between 15 and 50 carats in size.

”The latest discovery follows an extensive organisational restructuring at the Schmidtsdrift mine,” the company said. — Sapa