Industry News by Nemesis

Botswana Diamonds to Begin Production This Year

March 27, 2019

 

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)

 

Source: Rapaport

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