RAPAPORT… Botswana Diamonds will begin bulk sampling and diamond
production from its Thorny River project in South Africa in May.
It will then ramp up output to 20,000 tonnes a month, the
company said Monday. The kimberlite ore will be processed at a nearby plant,
which is currently being refurbished.
In the six months ending December 31, the miner reported a
loss of GBP 190,000 ($251,347). It has yet to post any revenue.
Botswana Diamonds has a joint venture with Vast Diamonds in
the Heritage Concession portion of the Marange Diamond Fields in Zimbabwe,
which is currently undergoing a study.
It also holds 100% equity in Sunland Minerals in Botswana, after
buying Russia-based miner Alrosa’s stake for a nominal sum.
Image: The Thorny River project. (Botswana Diamonds)
Botswana Diamonds to Begin Production This Year
The Bottom Line
- Botswana Diamonds will begin bulk sampling and production at Thorny River in South Africa in May, with output expected to reach 20,000 tonnes per month.
- The kimberlite ore from Thorny River will be processed at a nearby plant currently undergoing refurbishment.
- The company reported a GBP 190,000 loss in the six months ending December 31 and has not yet generated revenue.
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