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Botswana Diamonds to Begin Production This Year

Miner’s Thorny River project will start bulk sampling by May.
Mar 26, 2019 11:26 AM   By Rapaport News
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RAPAPORT...
 Botswana Diamonds will begin bulk sampling and diamond production from its Thorny River project in South Africa in May.

It will then ramp up output to 20,000 tonnes a month, the company said Monday. The kimberlite ore will be processed at a nearby plant, which is currently being refurbished.

In the six months ending December 31, the miner reported a loss of GBP 190,000 ($251,347). It has yet to post any revenue.

Botswana Diamonds has a joint venture with Vast Diamonds in the Heritage Concession portion of the Marange Diamond Fields in Zimbabwe, which is currently undergoing a study.

It also holds 100% equity in Sunland Minerals in Botswana, after buying Russia-based miner Alrosa’s stake for a nominal sum.

Image: The Thorny River project. (Botswana Diamonds)
Tags: Botswana Diamonds, Heritage Concession, Marange Diamond Fields, Rapaport News, Sunland Minerals, Thorny River, Vast Diamonds
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