London-listed Botswana Diamonds has exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi Mining and Razorbill Properties 12, giving it control of the Thorny River project in South Africa. Vutomi and Razorbill are currently owned by Botswana Diamonds MD James Campbell and other Vutomi directors.
Tag: rough diamonds
Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the idea of increasing
JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial contribution of new acquisitions during the current financial year.
Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result has allowed the company to repay its short-term debt facility earlier
The South African Diamond Producers Organisation (SADPO) has welcomed the September 21 judgment by the Gauteng High Court that the Mining Charter was not binding legislation, but rather an instrument of policy. The court case follows the Minerals Council, in early 2019, seeking a judicial review of the 2018 Mining Charter,
Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension – were one contiguous orebody, thus increasing the overall resource and improving