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5 Dec 2014 12:30
5 December 2014
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", or "the Company")
INDUSTRIAL ACTION ends
DiamondCorp, the Southern African diamond development and exploration company, is pleased to announce that the industrial action by members of the Association of Mineworkers and Construction Union (AMCU) employed at the Lace diamond mine in the Free State province of South Africa has ended.
The issue in dispute was management's refusal to employ two additional full-time salaried shop stewards. AMCU is the majority union at the Lace mine and already has five appointed shop stewards in the workforce.
AMCU members have voted to resume work at 06h00 on Monday, 8 December 2014, without the appointment of any additional full-time shop stewards.
In due course, the Company will provide an update on the impact of the industrial action on the Lace mine development and operational schedule going forwards.
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097
UK Broker & Nomad
Panmure Gordon (UK) Limited
Dominic Morley/Adam James
Tel: +44 20 7886 2500
JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)Sharon Owens
Tel: +27 11 809 7500
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