Plant 11 Koidu SL to reopen under new management


 

TIDMWAD 
 
RNS Number : 9408A 
West African Diamonds PLC 
16 October 2009 
 
16th October 2009 
 
 
 
 
Plant 11 in Koidu, Sierra Leone, to reopen under new management 
 
 
 
 
The directors of West African Diamonds (WAD), the AIM listed diamond miner, are 
pleased to announce an agreement with Pyramid Resources, a private Sierra Leone 
company, to reopen the Plant 11 tailings project near Koidu. 
 
 
Pyramid, formed by local WAD advisers and management, has taken over the Mining 
Lease and certain plant and equipment. They will focus on recovering diamonds 
contained in the 7 million ton diamond tailing dump. WAD has a 5% royalty on 
production. 
 
 
John Teeling, Chairman, commented: 
 
 
"I am delighted with this development and I wish it every success. The WAD 
project on Plant 11 focused on gold and diamond recovery using a new technology. 
The new owners will concentrate on recovering diamonds followed by gold 
recovery. This initiative is good for all, our former workers who get jobs, the 
local area which gets income, and the State which will get revenue and exports". 
 
 
 
 
 
This release has been reviewed by Alex van Zyl, Technical Director, West African 
Diamonds plc. Alex van Zyl (B.Sc. Stellenbosch, B.Sc. Hons. Pretoria) spent a 
long career in Anglo American in the diamond division, ending up 1990 to 1997 
with worldwide responsibility for diamond exploration and evaluation. He was a 
consultant to De Beers from 1997 to 2002. 
 
 
 
 
Enquiries: 
 
 
+----------+----------+----------------------------------+-------------------------+ 
| West African        |                                  | 
| Diamonds plc        |                                  | 
+---------------------+----------------------------------+ 
|                     | John Teeling, Chairman           |  + 353 1 833 2833       | 
+---------------------+----------------------------------+-------------------------+ 
|                     | James Campbell, Deputy Chairman  |  +27 83 457 3724        | 
+---------------------+----------------------------------+-------------------------+ 
| Astaire Securities  | +44 (0)20 7448 4400              | 
| plc                 |                                  | 
| Lindsay Mair        |                                  | 
+---------------------+----------------------------------+ 
| College Hill        | +44 (0) 20 7457 2020             | 
| Nick Elwes          |                                  | 
+----------+----------+----------------------------------+-------------------------+ 
 
 
www.westafdiamonds.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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