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Tag: Dubai Diamond Trading

Botswana Diamonds agrees 3% royalty with Petra for data on Reivilo prospect

London-listed Botswana Diamonds has entered into a data licence agreement with fellow-listed Petra Diamonds to gain access to the full library of data on the Reivilo kimberlite cluster. Botswana Diamonds was recently awarded a prospecting licence over the Reivilo prospect, with Petra having been the prior holder of the licence.
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National Treasury to trim budget deficits further on mining royalties

South Africa’s National Treasury will have a narrower budget deficit in 2022/23 than it earlier assumed, continuing to be trimmed over the next three years thanks to buoyant mining receipts, a Reuters poll found on Friday. In a review of finances due to be announced next week in parliament –
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Zimbabwe wants half of royalties paid in gems, precious metals

Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the minerals,
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Minerals Council ‘absolutely adamant’ about need for commercially available cadastre

The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include Cameroon, Côte d’Ivoire,
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BOD officially concludes Vutomi acquisition after a year of approvals

London-listed Botswana Diamonds (BOD) has finally announced the conclusion of acquisition of the outstanding third-party shares in Vutomi Mining and Razorbill Properties 12. The acquisition of Vutomi had been dependent on customary regulatory and competition authority approvals in South Africa.
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Jagersfontein mine dam owner denies second collapse

Jagersfontein Developments, the owner of a mine waste dam that partially collapsed two weeks ago, denied on Wednesday that another dam wall had collapsed, contradicting a statement from the Free State provincial government. “There has been no further breach of any kind at the facility,” the company said in a
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