20 Jun 2018
DiamondWorld Directory
Home |
News
Home
Botswana Diamonds to Buy BCL's Stake in Exploration Project
BCL mine group, which has been under liquidation since 2016, is selling its 51 per cent stake in Maibwe Diamonds for an undisclosed amount.
By: Diamond World News Service
|
Jun 9 2018 9:45AM
|
Reference: 16423  

DecreaseIncrease

Botswana Diamonds (BoD) is reportedly keen to buy liquidated BCL Mine’s shares in a diamonds exploration joint venture project, its managing director said on Thursday.

BCL mine group, which has been under liquidation since 2016, is selling its 51 per cent stake in Maibwe Diamonds for an undisclosed amount.

“We have put in an offer to the liquidator of BCL and we hope to get a response in the next few months,” BoD managing director James Campbell told a mining conference.

The Maibwe JV consists of a block of ten licences, which are located in the central Kalahari region of the country.

The other partners in Maibwe are local consortium Future Minerals that holds a 20 per cent stake and private South African venture Siseko, which has a 29 per cent stake.

Campbell said Botswana Diamonds was looking at expanding its footprint in Southern Africa.

The firm has made significant progress in its JV projects in South Africa, where the use of new technology in exploration has increased the potential of profitably exploiting reserves previously discovered by global diamond giant De Beers.

Campbell also said BoD has teamed up with mining and resource development firm Vast Resources to explore for diamonds in Zimbabwe, saying both firms have extensive experience in Zimbabwe, which “is opening for business and both companies are keen to make the most of this opportunity.”

Source: Reuters

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
HouseAd_Trade Fair
Recent Issue
2018
AVAILABLE NOW...!
News in Pictures
Videos
JCK Las Vegas 2018
Pictures: 42
Carat+ 2018
Pictures: 20
Talk of Town - Trillion Cut Diamonds
Pictures: 18
#Cannes2018 Celebs Spotted; Who Wore What? (14th to 20th May)
Pictures: 12
Celebs Spotted: Who Wore What? (7th to 13th May)
Pictures: 13
Celeb Spotting (23rd to 29th Apr): Who Wore What?
Pictures: 3
Celeb Spotting (16th to 22nd April): Who Wore What?
Pictures: 6
Bharat Diamond Sports League
Pictures: 10
Hong Kong Show 2018
Pictures: 21
11th Signature IIJS 2018
Pictures: 65
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 10493
GJEPC Chairman Interview
Views: 9514
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 16195
Promo for IJ Awards 2012 at NDTV Profit
Views: 27251
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 30142
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 8083
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 28696
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 27658
Advertisement
Finestar Diamonds
Member of:
Supporter of: