Stellar, Octea to combine assets into major Sierra Leone diamond development

August 22, 2016

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Aim-listed Stellar Diamonds has entered into a potential deal that will see its Tongo kimberlite diamond project, in Sierra Leone, merged with Octea Mining’s adjacent Tonguma kimberlite diamond project to form a single 250 000 ct/y mining operation. The move, which will effectively establish West Africa’s second-largest diamond mining operation, will significantly enhance production and operational margins as the assets are brought into production using the same infrastructure.

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