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Botswana Diamonds to Begin Production This Year
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)
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Tags:
Botswana Diamonds, Heritage Concession, Marange Diamond Fields, Rapaport News, Sunland Minerals, Thorny River, Vast Diamonds
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