https://www.miningweekly.com

Botswana Diamonds considers equity in Orapa licences

5th February 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Botswana Diamonds entered into an agreement with a private South African company, which held an 85% interest in 13 prospecting licences covering 6 518 km2 in the south-west of the Orapa region, in Botswana, about potentially buying an equity interest in the licences.

The agreement stipulated a three-month exclusivity period, during which Botswana Diamonds would review the available data on the licences and, should the analysis prove positive, negotiate an equity interest in the licences.

Botswana Diamonds chairman John Teeling said the agreement represented another step forward in the development of Botswana Diamonds’ interests and gave it access to a prospective area of Botswana that was new to the company.

“Our geologists will review all the available data and, given the right results, we will agree an earn-in arrangement on specific ground. This agreement gives exclusivity to Botswana Diamonds and is in addition to the joint venture to the north/north-east of Orapa, which has applied for 12 exploration licences.”

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.829s - 111pq - 2rq
Subscribe Now