Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

09 december 2019

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Botswana Diamonds, Vast revise agreement over Zim diamond concession

29 november 2019

Botswana Diamonds and Vast Resources have signed a new agreement in respect of their proposed joint venture (JV) in Marange area, in Zimbabwe.
The two companies had previously concluded an agreement for the development of Heritage concessions in the Marange diamond fields and that a separate agreement would cover the joint development of diamond properties outside of the Marange diamond fields. 

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    Image credit: Botswana Diamonds


Vast then recently entered into a joint venture agreement with Chiadzwa Mineral Resources to establish Katanga Mining.
Katanga intends to conclude a joint venture agreement with the Zimbabwe Consolidated Diamond Company (ZCDC) for the purpose of exploring and mining at the Chiadzwa community diamond concession as well as marketing diamonds mined from the operation.
Botswana Diamonds said it will be issued with new shares representing 2.5% of Katanga when the detailed agreement between Katanga and ZCDC becomes effective.
“Zimbabwe is opening up to investment. The country is rich in resources and has significant diamond potential,” said Botswana chairperson John Teeling.
“…this a revised package from that on which Botswana Diamonds and Vast Resources had previously agreed to cooperate.”
Vast will provide all capital requirements for the project start on a loan account to Katanga, up to a maximum of $10-million.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished