Botswana Mining News

Botswana trims growth prospects, sees wider budget deficits

Botswana's economy is expected to expand by 4.5 percent this year.

Construction begins at Botswana's first privately-owned coal mine

Botswana's Minergy Limited said on Wednesday it has started construction at its Masama Coal Mine, which is set to be the country's first privately-owned coal mine, following government approval.

Lucara Diamond moves forward with ‘stone by stone’ sales plan

Miner will include Sarine’s mapping and planning technologies into its sales platform, which applies algorithms to match rough diamond production with polished manufacturing demand on a stone by stone basis.

Record-breaking stones boost Gem Diamonds sales

The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.

Botswana Diamonds to buy BCL's stake in exploration project

BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount.

Cupric Canyon to start construction of Botswana copper mine in October

Sparsely-populated Botswana is the world's top diamond producer by value.

Botswana Diamonds grabs rights for ‘high potential’ S. African prospect

Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa’s annual diamond production.

Online auction sees Botswana gem mine sold for $8.1m

The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Botswana Diamonds, Vast Resources team up to explore in Zimbabwe

The two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources.

Halted Botswana diamond mine to be sold at online auction

The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it was placed under judicial management last year.

Lucara recovers another big diamond in Botswana

The rock weighed 327 carats and it is a top white gem diamond.

Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices

The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.

Pangolin finds first diamond at Jwaneng project in Botswana

Project is located about 100 km south of Jwaneng, the world’s richest diamond mine.

De Beers is said to lift diamond prices for second straight sale

The company raised prices a similar amount in its previous sale at the end of February.

Lucara recovers 472 carat diamond, third largest ever for Karowe

Recovered from the Karowe Diamond Mine located in Botswana.

Botswana's Tati Nickel Mine out of liquidation after court ruling

When it was placed under liquidation, Tati had incurred a cumulative loss of 1.6 billion pula ($165 million) and owed creditors one billion pula.

De Beers, Botswana seek fresh expansion of world's richest diamond mine

Debswana, the joint venture between De Beers and the Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters.

Cradle Arc to boost copper output in Botswana from April

Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.

Lucara Diamond names new CEO, invests in digital sales platform

Together with naming new top execs. the Canadian miner is acquiring Clara Diamond Solutions, which uses blockchain technology to trace diamonds as they move through the supply chain.

Botswana Diamonds just raised more than $695K to boost exploration

Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.

Sotheby’s expects over $33 million for world's largest, rarest, flawless round diamond

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

Botswana Diamonds stock crashes on lack of enough gems at Thorny River

Diamonds recovered during sampling at the project were not sufficient to produce a modelled diamond valuation, said the company.

Botswana’s Okavango posts record diamond sales at $567 million

Company posted a 4 percent jump in sales to $567 million in 2017, the highest annual sales since its formation in 2013.

De Beers reshuffles executive committee

Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.