Cape Diamonds Agrees to Buy KMG Subsidiary - By Avi Krawitz

Cape Diamonds agreed to acquire the South Africa subsidiary of KMG (Kimberley Mining Group) Diamond Resources. The deal will bring KMG’s two diamond mines, the Frank Smith Mine and the Loxton Dal Mine, both in the Kimberley area, to the Cape Diamonds portfolio. The Loxton Dal Mine is currently in production, Cape Diamonds said in a statement.

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Posted by Posted by Jewelry News at Monday, June 02, 2008 6:16 AM
Categories: KMG, Kimberly Mining Group, Cape Diamonds, Lozton Dal MIne, Diamond News
 

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