Botswana Diamonds excited about working with Vast on Zim diamond concession
Botswana Diamonds chairperson John Teeling on Thursday said the company was looking forward to working with fellow Aim-listed company Vast Resources on realising the full potential of the Heritage diamond concession area and other areas in Zimbabwe.
This followed Wednesday’s announcement by Vast that it had entered into an agreement with Red Mercury, giving Vast exclusive access to the 15 km2 Heritage concession. Under the terms of the agreement, Vast will carry out a due diligence on the concession, with a view to concluding a joint venture agreement, the principal terms of which have been agreed, for exploration, mining and marketing.
The concession is close to an area of Vast’s historic claim in the Marange diamond fields and is understood to be an extension of the same geological system.
Vast and Botswana Diamonds, meanwhile, earlier this year signed a memorandum of understanding for the exchange of information from past exploration on areas prospective for diamonds in Zimbabwe.
The parties, at the time, also agreed to establish a jointly owned special-purpose vehicle for developing and exploiting diamond resources in Zimbabwe.
In 2008, Vast acquired a database relating to diamonds in Zimbabwe and had, until 2010, carried out its own exploration in the field using information from the database.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation