Rapaport News



Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

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
Print Print Facebook Facebook Twitter Twitter Share Share

 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
Similar Articles
AlrosaAlrosa Profit Drops in Third Quarter
Nov 10, 2019
Weak rough-diamond demand led to a decline in profit at Alrosa in the third...
Mountain Province Slides to Net Loss
Gem Diamonds Lowers Full-Year Outlook
Angola Diamond Sales Rise
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us