Gem Diamonds exits Botswana with $5.4m Ghaghoo mine sale

Africa-focused Gem Diamonds (LON:GEMD) said Thursday that it has sold its mothballed Ghaghoo mine in Botswana to local company Pro Civil for $5.4 million. Gem Diamonds acquired the mine from De Beers in 2007, hoping it would help it diversify its portfolio...