https://www.miningweekly.com

Third licence added to Botswana Diamonds/Morminas agreement

11th April 2013

By: Idéle Esterhuizen

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Botswana Diamonds on Thursday said a third license block would now be evaluated on the Save river, in Mozambique, as part of its recently signed option agreement with a Mozambican company Morminas.

Botswana Diamonds aimed to explore the potential for alluvial and eluvial deposits that may have washed down in the river from the Marange diamond fields, which were predicted to produce up to 16.9-million carats in 2013.

The miner stated that the agreement stipulated a six-month exclusivity period during which it would review the available data on the licences and undertake preliminary exploration. Initial work had already started and a site visit had been scheduled.

Botswana Diamonds chairperson John Teeling indicated that the company would negotiate a long-term agreement with Morminas, should the analysis prove positive.

"Acquiring this additional licence increases the scope of our prospective play close to the Marange diamond fields in Zimbabwe. The experience and knowledge gained already in Zimbabwe will be invaluable in identifying diamond prospects in the Save region,” he said.

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:0.048 0.918s - 128pq - 2rq
Subscribe Now