The future of the Lace diamond mine, in the Free State, hangs in the balance as dual-listed DiamondCorp again delays its share placement to give State-owned Industrial Development Corporation (IDC) time to meet conditions precedent, as well as provide the Association of Mining and Construction Union (AMCU) a chance to document and finalise an in-principle agreement. The troubled Southern African diamond mining, development and exploration company will now admit the placing shares and the fee shares to raise much-needed funds on the London bourse on February 28. This will be effective on the AltX by March 7.
