Kopane Diamond Developments
Kopane Diamond Developments (formerly European Diamonds plc) is a growing diamond mining company with substantial production and development assets in Lesotho. Kopane is developing a major diamond mine in Lesotho with over one million carats per annum target production. Kopane’s principal focus is the development of its Main Pipe project in Liqhobong, Lesotho which has the potential to produce at a rate of over one million carats per annum. The project is located in the Maluti Mountains, 120 kilometres North East of the Capital Maseru. The Liqhobong project covers an area of 390 hectares and is situated at an elevation of 2,600 meters, within which the two most important kimberlites are the Satellite and Main Pipes.
Obtala Resources raises Kopane Diamonds stake to 29.75 pct
Kopane Diamond Developments PLC (AIM: KDD) said it received notification today that as at May 8 2009, Obtala Resources PLC (AIM: OBT) holds in aggregate 65,335,000 Kopane shares, representing 29.75 percent of the issued share capital.
In March 2009, Obtala invested £1.75 million for a 23 percent stake in Kopane Diamonds.
Other Kopane Diamond Developments articles
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08/09/08 Kopane Diamond Developments – hidden value
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12/02/08 Kopane Diamonds: restructured and sitting on a billion dollar diamond deposit
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15/10/07 European Diamonds: Unity beckons
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19/03/07 European Diamonds: On the cusp?
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02/02/07 RAB takes a slice of European Diamonds
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26/07/06 European Diamonds Plc: Turning point?
Other Kopane Diamond Developments news
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10/09/09 Kopane Diamond Reports 141% increase in indicated resource at Main Pipe in Lesotho
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07/09/09 Kopane Diamonds surges on speculation of substantial increase in Main Pipe in situ valuation
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17/08/09 Kopane Diamond Developments moves one step closer to grid power at Liqhobong
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16/07/09 Obtala Resources holds part of Kopane Diamonds stake indirectly
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30/04/09 Obtala Resources now holds 28.07 pct of Kopane Diamonds
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22/04/09 Kopane Diamond former chairman Williams resigns to pursue other interests
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07/04/09 Obtala holds 27.17pct stake in Kopane Diamonds
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30/03/09 Kopane Diamond Developments takes new partner at Liqhobong
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08/12/08 Tim Read snaps up 500,000 shares in Kopane Diamond Developments
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01/12/08 Kopane Diamond suspend diamond operations to conserve cash






