Gem Diamonds Ltd 2008 AR2
The report outlines Gem Diamonds' operational and financial performance for 2008, highlighting a transition in strategy due to the global economic crisis. Key achievements included doubling production at the Letšeng mine in Lesotho, which recovered and sold the 478-carat 'Light of Letšeng' diamond for US$18.4 million, and ramping up production at the Ellendale mine in Australia. In response to the sudden decline in diamond prices, the company placed several non-core assets, including the Cempaka mine and alluvial operations in the DRC and CAR, on care and maintenance. On the sustainability front, the company achieved a group-wide Lost Time Injury Frequency Rate of 0.48 over more than eight million man-hours worked, outperforming its annual target.
Company: Gem Diamonds Ltd
Sector: Mining & quarrying
Country: United Kingdom
Year: 2008
Type: AR2
Pages: 124
Back to company
Gem Diamonds Ltd
Annual Report
The report outlines Gem Diamonds' operational and financial performance for 2008, highlighting a transition in strategy due to the global economic crisis. Key achievements included doubling production at the Letšeng mine in Lesotho, which recovered and sold the 478-carat 'Light of Letšeng' diamond for US$18.4 million, and ramping up production at the Ellendale mine in Australia. In response to the sudden decline in diamond prices, the company placed several non-core assets, including the Cempaka mine and alluvial operations in the DRC and CAR, on care and maintenance. On the sustainability front, the company achieved a group-wide Lost Time Injury Frequency Rate of 0.48 over more than eight million man-hours worked, outperforming its annual target.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2008
Reporting Period
Jan 1, 2008 - Dec 31, 2008
Fiscal Year
2008
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees