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DiamondCorp considering options after mine shutdown

The authority has requested "external ventilation audit team to inspect the mine for smoke and other gases".
DiamondCorp considering options after mine shutdown
The Lace mine is 74% owned by the company

DiamondCorp Plc (LON:DCP) has been ordered to shut down underground operations at its Lace mine after a fire in a dump truck.

No one was injured in the incident and management said it was "struggling to find logic" in the instruction that came  with the Section 54 notice  from the South African Department of Mineral Resources (DMR) and is considering its options including legal action.

The authority has also requested "external ventilation audit team to inspect the mine for smoke and other gases".

The firm reckons mining at the site in South Africa will be suspended for a least a week.

Shares sank 40% to 1.725p on the day.

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Diamondcorp Plc Timeline

Newswire
February 28 2017
Newswire
January 31 2017
Newswire
November 16 2016

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