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Letšeng Diamonds history
Letšeng Diamonds company history timeline
Lesotho’s first diamonds were discovered in 1957.
The Letšeng-la-Terae Kimberlite Pipes – the Main Pipe and the Satellite Pipe – were discovered in 1957 by Peter Nixon while he was working in the area
Rio Tinto Exploration (Pty) Ltd was awarded the exploration license for the pipes in 1968 and was tasked with a feasibility study to develop a full-scale mine
The mine was officially opened in November 1977 and was scheduled to have a mine life of 8 years.
Letšeng Diamonds (Pty) Ltd (a Lesotho-registered company) was formed in 1995 as a partnership between industry investors (76 percent) and the Lesotho Government (24 percent)
Letšeng Diamonds (Pty) Ltd holds the mining lease granted in 1999 by the Government of Lesotho.
The mining rights for the Letšeng Mine were acquired by Letšeng Diamonds (Pty) Ltd in 1999
Production at the two alluvial deposits – the Qaqa River deposit associated with the Satellite Pipe and the Patiseng River deposit associated with the Main Pipe – started in November 2003.
The reconstruction of the mine’s infrastructure commenced in 2003.
The 76 percent of Letšeng Diamonds (Pty) Ltd owned by Letšeng Investment Holdings (Pty) Ltd was purchased by Gem Diamonds Limited (Gem Diamonds) in July 2006
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Letšeng Diamonds may also be known as or be related to Letseng Diamonds and Letšeng Diamonds.