Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Botswana Diamonds signs agreement to speed up diamond exploration

17 february 2021
news_17022021_botswana.png
Image credit: Botswana Diamonds


Botswana Diamonds has entered into a cooperation agreement with Diamexstrat Botswana to fund exploration of its prospecting licence assets in the southern African country.
Botswana Diamonds' prospecting assets consist of the recently acquired Sekaka Diamonds Exploration database and prospecting licenses, as well as the prospecting licences held by its subsidiary, Sunland Minerals.
The company said under the deal that Diamexstrat and its partner, Burgundy can earn up to a 70% interest in Sunland Minerals and Sekaka's Prospecting Licences.
Botswana Diamonds can also earn a 15% interest in Prospecting Licences held by Diamexstrat and its partner on the first $1.5 million spent on exploration by the later where the former's database assists in the discovery of a primary kimberlite.
"Where the data is used to identify targets on third party licences or fresh ground, we will jointly negotiate earn-in agreements," said Botswana Diamonds chairperson John Teeling.
"On new licences, Botswana Diamonds will hold 75% falling to 30% on delivery of a bankable feasibility study by Diamexstrat."
Sunland Minerals holds 12 active prospecting licences in the Gope/Kalahari area.
Sekaka holds three prospecting licences in the Central Kalahari Game Reserve in Botswana, PL169/2019, PL058/2007 and PL224/2007, which includes the KX36 kimberlite pipe.

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