RAPAPORT… DiamondCorp’s pre-tax loss narrowed in the first half,
but the company cautioned sales may lag in the coming months because of
operational issues at its Lace mine in South Africa.
The loss decreased to $328,000 (GBP 247,221) from $4.2
million a year earlier, driven by favorable foreign-exchange
rates. Operating loss, however, widened 33 percent to $1.2 million,