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Petra Sells Botswana Business for $300K
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...
Rough Markets Jul 21, 2020 Rapaport News
Rough fancy intense yellow diamond for Princess Cu
Zimbabwe to Take Smaller Cut of Diamond Sales
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...
Mining Nov 18, 2019 Rapaport News
Botswana Diamonds
Botswana Diamonds to Start Selling by 4Q
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...
Mining Jul 22, 2019 Rapaport News
Botswana Diamonds
Botswana Diamonds to Begin Production This Year
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...
Mining Mar 26, 2019 Rapaport News
Botswana Diamonds
Botswana Diamonds Loss Intensifies
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...
Mining Nov 21, 2018 Rapaport News
Rough diamonds
Alrosa Exits Botswana Exploration Project
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...
Mining Nov 18, 2018 Rapaport News
Marange mine
Vast Resources Explores Potential Marange Asset
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...
Mining Aug 26, 2018 Rapaport News
Botswana 150
Botswana Diamonds Faces Asset Challenge
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],...
Mining Aug 01, 2018 Rapaport News
Botswana 150
Botswana Diamonds’ Kimberlite Find Unviable
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...
Mining Jun 06, 2018 Rapaport News
Botswana Diamonds Vutomi
Explorer Looks to Revive Historic Diamond Area
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...
Mining Oct 30, 2017 Rapaport News
Botswana Diamonds Vutomi
Botswana Diamonds Finds Promising Kimberlite
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...
Mining Oct 02, 2017 Rapaport News
Botswana Diamonds Exploration
Alrosa Gets New Botswana Exploration Permits
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...
Mining Apr 26, 2017 Rapaport News
Rough Diamonds
Botswana Diamonds Gains from Weak Pound
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...
Mining Mar 29, 2017 Rapaport News
John Teeling Botswana Diamonds
Botswana Diamonds Funds South Africa Project
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,...
Mining Feb 06, 2017 Rapaport News
Rough Diamonds
Botswana Diamonds Starts Drilling at Orapa Pipe
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...
Mining Oct 19, 2016 Rapaport News
Gope, Botswana
Botswana Diamonds to Start Drilling at PL 186
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...
Mining May 11, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Raises $722K for Orapa Project
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...
Mining May 08, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Kicks Off Orapa Exploration, Reports $388M Loss
Botswana Diamonds widened its loss in the first half of itscurrent fiscal year, thecompany said, as it kicked off its exploration project in Botswana with partnerALROSA.The loss grewto $388.4 million (GBP 274 million) in the six...
Mining Mar 28, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds, ALROSA Launch 2016 Exploration Program
Botswana Diamonds and ALROSA will commence in March their joint exploration program in Botswana. A budget of $700,000 has been allocated for the project, which will be split equally between the partners, while the program...
Mining Mar 03, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Raises $813K for Exploration, Working Capital
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...
Mining Dec 21, 2015 Rapaport News
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