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Petra Sells Botswana Business for $300K
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Petra Diamonds has sold three exploration projects to Botswana Diamonds for $300,000, the mining companies announced Monday.The transaction includes Petra’s KX36 project, a kimberlite in Botswana the miner discovered in 2010, as well as two other...
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Rough Markets
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Jul 21, 2020
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Rapaport News
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Zimbabwe to Take Smaller Cut of Diamond Sales
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Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to encourage companies to invest in the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond...
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Mining
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Nov 18, 2019
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Rapaport News
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Botswana Diamonds to Start Selling by 4Q
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Botswana Diamonds has raised the funds needed to continueoperations, and expects to hold its first sale by the fourth quarter. The company, which has struggled with challenges that hitits bottom line, had questioned...
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Mining
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Jul 22, 2019
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Rapaport News
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Botswana Diamonds to Begin Production This Year
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Botswana Diamonds will begin bulk sampling and diamondproduction from its Thorny River project in South Africa in May. It will then ramp up output to 20,000 tonnes a month, thecompany said Monday. The kimberlite ore will...
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Mining
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Mar 26, 2019
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Rapaport News
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Botswana Diamonds Loss Intensifies
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Botswana Diamonds’ loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460) for the 12 months ending...
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Mining
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Nov 21, 2018
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Rapaport News
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Alrosa Exits Botswana Exploration Project
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Alrosa has sold its 50% stake in the Sunland Mineralsexploration project in Botswana, according to its former joint-venture partner. Botswana Diamonds bought the Russian miner out for a“nominal sum” and now owns the...
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Mining
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Nov 18, 2018
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Rapaport News
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Vast Resources Explores Potential Marange Asset
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Mining company Vast Resources gained access to a section of Zimbabwe’s Marange fields with a view to developing joint operations there with a local community group.The miner reached an agreement with Red Mercury, a subsidiary of the Marange-Zimunya Community...
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Mining
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Aug 26, 2018
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Rapaport News
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Botswana Diamonds Faces Asset Challenge
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A South African company is claiming rights to portions of Botswana Diamonds’ Mooikloof project. “Despite [Botswana Diamonds associate Vutomi] obtaining afully notarized and registered prospecting right on Mooikloof from the SouthAfrican Department of Mineral Resources [DMR],...
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Mining
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Aug 01, 2018
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Rapaport News
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Botswana Diamonds’ Kimberlite Find Unviable
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Botswana Diamonds will not continue exploration of the Ontevredenpipe in South Africa, after discovering it was smaller than previouslyexpected, it said Wednesday. “Modern mineral exploration technology is not a magic bullet,”said chairman John Teeling. “Modern geophysics...
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Mining
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Jun 06, 2018
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Rapaport News
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Explorer Looks to Revive Historic Diamond Area
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Botswana Diamonds has discovered a potential spot fordiamond mining in an area of South Africa that it claims was an importantregion for the sector in the 19th century.A number of diamond mines existed in the Free State Projectarea prior...
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Mining
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Oct 30, 2017
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Rapaport News
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Botswana Diamonds Finds Promising Kimberlite
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Botswana Diamonds’ share price jumped 15% Friday after thecompany gave a positive report of the potential quality of a kimberlite pipe atits exploration project in South Africa.The rock at Ontevreden, South Africa, displayscharacteristics typically present in high-grade...
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Mining
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Oct 02, 2017
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Rapaport News
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Alrosa Gets New Botswana Exploration Permits
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The Botswana government has awarded six new prospecting licenses to Sunland Minerals, a diamond exploration partnership between Alrosa and Botswana Diamonds.The licenses are valid until March 2020, with four of them covering 3,135...
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Mining
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Apr 26, 2017
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Rapaport News
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Botswana Diamonds Gains from Weak Pound
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Botswana Diamonds recorded a profit in the first half of thefiscal year, benefiting from a drop in the value of the British pound, theexploration company said this week.Total comprehensive income stood at $75,799 (GBP 61,000) inthe six...
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Mining
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Mar 29, 2017
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Rapaport News
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Botswana Diamonds Funds South Africa Project
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Botswana Diamonds has agreed to fund an exploration projectin South Africa in return for a 72 percent stake in mine developer Vutomi.As part of the deal, Botswana Diamonds will pay Vutomi atotal of $1.2 million (GBP 942,000) in cash,...
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Mining
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Feb 06, 2017
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Rapaport News
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Botswana Diamonds Starts Drilling at Orapa Pipe
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Botswana Diamonds saiddrilling commenced at one of its kimberlite pipes in the Orapa region ofBotswana.The drillingstarted at pipe AK 22, within license PL 260, which is part of a 50:50joint venture between the company and Russian miner ALROSA. Botswana...
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Mining
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Oct 19, 2016
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Rapaport News
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Botswana Diamonds to Start Drilling at PL 186
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BotswanaDiamonds will begin drilling in an area within the Gope mine that holds a highpotential for diamond discoveries.The programwill start “shortly” at PL 186, part of the Maibwe (Brightstone) block oflicences in the Gope region of Botswana. The...
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Mining
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May 11, 2016
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Rapaport News
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Botswana Diamonds Raises $722K for Orapa Project
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BotswanaDiamonds sold shares for $721,500 (GBP 500,000) to fund ongoing diamond exploration at its jointproject withALROSA and for additional working capital.The companyplaced 33.3 million ordinary shares, or 9.9 percent of its share capital, withnew...
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Mining
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May 08, 2016
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Rapaport News
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Mining
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Mar 28, 2016
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Rapaport News
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Mining
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Mar 03, 2016
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Rapaport News
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Botswana Diamonds Raises $813K for Exploration, Working Capital
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Botswana Diamonds raised $813,099 (GBP 545,316) through anissue of 64.2 million shares to finance exploration activities in Botswana andprovide additional working capital.The diamond explorationgroup raised $683,882 through a private placement of 54 million new shares, accordingto...
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Mining
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Dec 21, 2015
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Rapaport News
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