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 now holds 28.07 pct of Kopane Diamonds
30th Apr 2009, 1:18 pm
Kopane Diamond Developments PLC (AIM: KDD) said it received notification yesterday that as at April 29 2009 Obtala Resources PLC (AIM: OBT) holds in aggregate 61,635,000 Kopane shares, representing 28.07 percent of the issued share capital.
In March 2009, Obtala invested £1.75 million for a 23 percent stake in Kopane Diamond.
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