Diamond exploration company Tawana Resources, which has interests in Botswana, South Africa and Australia recently said that it had completed the placement of 66 million shares at 1 cent per share to raise 660 000 AUD (593 000 USD).
The ASX-listed company said the new capital raised would be used to fund its exploration programmes, for the review of new projects and for general working capital purposes.
In Botswana, Tawana is in a joint venture with Firestone Diamonds working on the Orapa project.
It said last April that no further diamond recoveries or grades of any interest were made at the Orapa BK24 although the material sampled was too diluted.
Tawana also noted that it had been pursuing the possibility of a joint venture partner to further evaluate the Kareevlei Wes tenement, in South Africa.
Mathew Nyaungwa, Rough&Polished from Namibia
Rough&Polished

In July 2007, the Namibian arm of Diamond Trading Company announced competitive selection among the country’s diamond cutting factories to be included into the first list of NDTC sightholders. At that time, Hard Stone Processing (Pty) Ltd (HSP) was already working in Namibia as an independent manufacturer and its factory successfully occupied a strong position among the leading sightholders turning into one of the three top diamond cutting companies in Namibia. Its CEO Burhan Seber gave this interview to Rough&Polished.
Botswana diamond miner, Debswana recently said that the temporary dip in diamond prices will likely see the company producing just below its target of 25 million carats for 2011. However, Esther Kanaimba-Senai, the Group’s Manager for Corporate and Public Affairs, told Rough&Polished in an interview that Debswana was not in trouble.
Malca-Amit is a full service courier company with a 21 year record of providing the highest quality personalised service and the most efficient logistic solutions for diamonds, jewelry, gold, coins, bank notes, and valuable documents. Our correspondent in Brussels caught up with Nigel Paxman, CEO of the Malca-Amit Group of Companies, to find out more about this company.
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