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Page added on May 17, 2012

Koidu Holdings set to increase Sierra Leone’s diamond export

Koidu Holdings set to increase Sierra Leone’s diamond export thumbnail

Approximately a year ago, Koidu Holdings announced its plan to invest an additional $200m in its Koidu Kimberlite project to unlock its full potential.

The construction of a new 180 tph plant and the development of the relevant support infrastructure such as workshops, stores, training facilities, changing rooms, dining areas, clinic, office blocks, and power generation facilities constituted an integral part of that plan.

In just over 11 months since the commencement of the implementation of the expansion plan, the company has completed the construction of the 180 tonnes per hour plant and the rest of the infrastructure is nearing completion.

The plant which is more than three times its current 50 tonnes per hour plant has already commenced operation.

The new processing plant constructed by Koidu Holdings

In announcing the commencement of the expansion plan, the Company’s CEO, Jan Joubert, had this to say: “We have convinced the shareholders and financiers that this is a good investment and they delivered on their commitment to provide the required capital.  It is now up to us to deliver on our commitments,”

The achievement of this impressive accomplishment represents more than just a fulfillment of the company’s commitment to its shareholders and financiers; it provides an astonishing example of what could happen when you have an investor with genuine intentions and both the economic and human resource capability to deliver on its commitment to all stakeholders.

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