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Kimberley Diamonds looking at Botswana project

3rd September 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Kimberley Diamonds on Tuesday confirmed that it was in commercial discussions to acquire a diamond mine in Botswana.

The miner told shareholders that at this stage, no formal offer had been made or accepted, adding that should the transaction proceed, the company was unlikely to require a capital raising or a debt raising to fund the acquisition.

Kimberley Diamonds owns and operates the Ellendale diamond mine, in Western Australia, which is the world’s leading source of rare fancy yellow diamonds and contributes an estimated 50% of the world’s supply.

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