Gem Diamonds Limited is a diamond mining company. The Company’s portfolio comprises producing kimberlite, lamproite and alluvial mines, development projects and exploration assets. Operations are situated in Angola, Australia, Botswana, the Central African Republic, the Democratic Republic of Congo, Lesotho and Indonesia. The Company produces white diamonds from its Letseng Mine and yellow diamonds from its Ellendale Mine, and a range of colored diamonds from its Cempaka Mine. As of June 6, 2007, Gem Diamonds Limited had acquired approximately 94.7% interest in BDI Mining Corp. In May 15, 2007, the Company announced the acquisition of Gope Exploration Company (Pty) Ltd. Gope was set up as a joint venture by De Beers Prospecting (Pty) Ltd and Falconbridge Exploration Botswana (Pty) Ltd (a subsidiary of Xstrata plc), to explore a known kimberlite deposit in the Gope region of central Botswana.
