SouthernEra secures financing for SA diamond mine

TORONTO-based SouthernEra Resources has reached an in-principle agreement with De Beers and affiliated black empowerment company Steppon Investments to finance 100% of the Klipspringer underground diamond mine in South Africa.

The Canadian company said the financing is part of a reconfiguration of its Marsfontein joint venture with De Beers, which increases SouthernEra's interest in Marsfontein from 40% to 50% and confirms