Frontier loses its sparkle

FRONTIER Diamonds is scrambling to save the furniture, with the company announcing a plan to swap debt for equity and sell its loss-making Star mine in South Africa’s Free State in order to focus on making its Sedibeng mine profitable.

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Frontier's Sedibeng operation in South Africa's Northern Cape province

Frontier raised A$4 million in late 2017 with plans to further develop two 60-year-old underground mines previously owned and operated by Crown Diamonds and Petra Diamonds.

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