Lucara Diamond Corp. says its Feasibility Level study (FS) for a potential underground operation at the Karowe Diamond Mine, is on track for release in H2, 2019. The company said in an update that the Board of Directors have approved a budget of US$14.8 million to complete the technical programme and the FS study in 2019. Drilling is expected to be completed toward the end of Q1 2019 with logging, data collection, and the receipt of laboratory results expected toward mid Q2 2019. Completion of the FS study and final reporting is expected in late H2 2019, it added. Lucara CEO, Eira Thomas…
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Botswana Diamonds (BOD) says it has undertaken a placing with existing and new investors to raise £370,000 via the issue of 67,272,727 new ordinary shares, which includes the cash subscription by certain directors as detailed below, at a placing price of 0.55p per Placing Share. Each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from 23rd January 2019, being the expected date of the Placing Warrants issue. The Placing Shares will rank pari passu with the Company’s existing ordinary shares. Application will be…
MOD Resources Limited says it has received firm commitments to raise $10 million through an institutional share Placement with an additional $5 million fully underwritten Rights Issue to be offered to existing shareholders. The majority of funds are intended for working capital to advance the T3 Copper Project towards production and defining additional resources within the surrounding T3 Expansion Project area. Furthermore, following media speculation, the Company announces receipt of an unsolicited, non-binding, indicative and conditional proposal by ASX listed Sandfire Resources NL . The proposal is to acquire 100% of MOD shares via an all scrip transaction equivalent to…
Major Moves Comedy Nights are back every first Friday of the month bringing non-stop laughter with most funny local and international stand-up comedians. The audience will be treated to too much hilarity and great silliness from a variety of comics while also enjoying a meal and beverage of their choice. The shows promise fireworks with the inaugural one slated for Friday the 1 st of February at Masa Square Hotel in the CBD which is easily accessible to patrons who will experience top notch entertainment. The show will be hosted by Onkgopotse “Mdala Ka Tjeludo” Mugende and will feature Emmanuel…
Hilton Garden Inn Gaborone is set to ensure true culinary splendor as it prepares to open doors to Batswana in the New Year, with Head Chef, Prince Keokgale, already working to ensure both menu and experience for guests is wholly unrivalled. Said Hilton Garden Inn Gaborone General Manager, Evan Harrington, “Chef Prince is a true talent and his passion for what he does is very much in line with the Brightheartedness we strive to nurture at Hilton Garden Inn Gaborone. Preparations and training have been underway for some time now, helping ensure that when our doors open, and indeed our kitchen, Chef ensures…
ALROSA, the world leader in diamond production, has announced the launching of operations in the Republic of Zimbabwe. With support of the government of Zimbabwe, the company will develop new mining operations in the country. This was announced on Monday during President Emmerson Mnangagwa’s visit to Moscow. “Today we see opportunities for a new stage of our partnership.. We are ready to develop new joint projects for diamond exploration and extraction. We also seek to support Zimbabwe in the development of its diamond-mining industry in line with industry’s best practices. We are happy to share with our partners a wealth…
Lucara Diamond Corp. said it has recovered a 127 carat, top white gem diamond, at its 100% owned Karowe Diamond mine located in Botswana. Since mining began at the mine in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018. In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. Lucara CEO, Eira Thomas said the recovery of this latest, high value, top…
De Beers Group has announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the tenth sales cycle of 2018. According to the diamond major, provisional figures for Cycle 10 2018 stood at $540m, with those for Cycle 9 2018 actual recorded at $ 442m. on the other hand, the company reported that actual figures for Cycle 10 2017 were $455m. Bruce Cleaver, CEO, De Beers Group, said: “De Beers Group’s rough diamond sales during the final cycle of the year continued to be in line with expectation ahead of the all-important retail selling season as cutting and polishing…
Cradle Arc, the African focused base and precious metals exploration and production company, said it has made an application to the Botswana High Court for its 60% owned subsidiary, Leboam Holdings (Pty) Limited, the holding company of the Mowana Copper Mine in Botswana, to be placed into provisional liquidation as parallel talks on an alternative funding arrangement continue. The application is set to be heard on Wednesday, 19 December 2018. The move follows the company’s announcement on 6 December 2018, where it was revealed that whilst Fujax advanced the sum of US$1m to Leboam pending completion of the extended facility,…
De Beers says it has officially launched its education partnership with the National Gemstone Testing Centre (NGTC), China’s leading authority in the testing and inspection of gems and jewellery, extending the accessibility of De Beers Group’s diamond education courses to students in China. The partnership, which was officially launched at the Beijing Jewellery Show in China on 13 December, will provide a variety of diamond education courses, supporting the needs of multiple groups across the diamond industry. Courses will focus on a range of content, including: Insight into the diamond pipeline from start to finish, supporting the ability of participants…