JV stalls, but still on offer
Diamond exploration company Botswana Diamonds (BOD) announced earlier this month that, despite intensive advanced and ongoing discussions with interested parties, the board has been unable to secure a new joint venture (JV) partner to acquire the Ghaghoo mine, in Botswana before the extended long-stop date of May 10, (STYLE) 2022. The share sale agreement with global diamond producer Gem Diamonds for the sale of its wholly-owned subsidiary of Gem Diamonds Botswana (GDB), has therefore now lapsed.