After trying to offload it for four years, Gem Diamonds finally sold its Ghaghoo mine in Botswana. According to Diamond World, Gem Diamonds sold the mine for $4 million to Okwa Diamonds, a company owned by Vast Resources and Botswana Diamonds. Credit: Free Wind 2014 / Shutterstock.com Ghaghoo
Mining & Exploration
TSX-V-listed Diamcor Mining managed to tender and sell 4 468 ct of rough diamonds in the six months ended June 30, generating revenue of about $1.2-million and realising an average price of $270.39/ct. The company also delivered an additional 1 500 ct for tender right before the period ended.
Aim-listed BlueRock Diamonds has sold three gem-quality diamonds of 58.6 ct, 21.6 ct and 14.3 ct, for $585 000, $268 000 and $236 000, respectively, for a total of $1.1-million. The diamonds were recently recovered from the Kareevlei diamond mine in the Kimberley region of South Africa.
Small and junior diamond miners are facing persistent challenges from a policy and regulatory perspective, which has resulted in a significant decrease in the number of small miners over recent years, a report titled ‘Status of the South African Small and Junior Diamond Mining Sector, states. The report, which, was
London-listed Petra Diamonds has sold its recently recovered 342.92 ct Type IIa white diamond and an 18.30 ct Type IIb blue diamond into a partnership with Stargems. Petra will receive an upfront payment of $10-million for the 342.92 ct diamond and $3.5-million for the 18.30 ct diamond. It will also
London-listed Botswana Diamonds (BOD) reports that Okwa Diamonds, its joint venture (JV) with Vast Resources, has conditionally agreed to acquire 100% of the share capital in Gem Diamonds Botswana (GDB) for $4-million in cash and payable in two instalments. The acquisition of GDB is conditional and dependant on relevant regulatory and