Botswana Mining News

Botswana's first private coal mine to produce saleable coal in March

Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport.

Lucara recovers 240-ct gem from Karowe

Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.

Lucara on track to develop underground operation at Karowe

The goal is to extend the Botswanan mine life from 2026 to at least 2036.

Tiffany joins top diamond miners in disclosing origins of gemstones

Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.

Lucara Diamond kicks off the year with 127-carat find at Karowe

The 127 carat, top white gem diamond, is one of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in 2012.

Lucara Diamond to focus on Bostwana mine this year

Lucara aims to recover between 300,000 and 330,000 carats from Karowe this year.

Russia's Nornickel terminates agreement with Botswana's BCL on asset sale

The termination of the agreement will also enable Nornickel to pursue its own strategy for the African assets.

Lucapa Diamond locks in Mothae mine funding

The Australian diamond miner has secured 100 million rand (about $7m) in development funding for the Lesotho mine from South Africa’s Industrial Development Corporation (IDC).

Botswana’s Mowana copper mine suspends operations over working capital

Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.

Debswana announces Albert Milton to take over as managing director as Balisi Boyongo steps down.

Balisi was appointed as Managing Director on 1 January 2014 and his leadership has seen Debswana record unprecedented performance across a number of business areas.

Botswana Diamonds buys Alrosa’s stake in Sunland Minerals JV

The company acquired the remaining 50% in the joint venture from its previous partner and said negotiations were already advanced with an unnamed potential new associate.

Botswana Diamonds yields control of South African project to contractor

Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.

Gem Diamonds revises up full-year output target as recoveries on the rise

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

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.