Lesotho: Hundreds of Jobs At Stake At Lesotho Diamond Mine

25% state-owned Kao Mine could shut down “within weeks”

• One of Lesotho’s largest diamond producers could shut down within weeks, threatening over 750 jobs and R1-billion spent annually in the local economy.
• Kao Mine needs R250-million to continue operating for the next 12 months.
• Global diamond prices have dropped significantly in recent years.
• The company says a deadlock with government over tax deductions is deterring investment.
• The government says it must balance its roles as a 25%…