Lesotho Renews Gem Diamonds’ Letšeng Lease
RAPAPORT... Gem Diamonds has obtained a 10-year lease to continue mining at the lucrative Letšeng deposit in Lesotho, but will have to pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also given the miner an exclusive right to renew the lease for an additional decade, the company said in a statement Friday. Gem Diamonds must pay 10% of dia...