Botswana Mining News

Sierra Leone pastor unearths one of the 20 largest diamonds ever found

Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.

Botswana Geoscience Portal serves up 2000 downloads – Explorers hungry for pre-competitive data

Mineral explorers, government and academic researchers, and other key stakeholders from more than 35 countries have visited the public repository to access the 10 gigabytes of pre-competitive geoscience data stored online.

Cupric Canyon gets $50 million to develop Botswana mine

Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

Botswana Diamonds finds octahedron in sample material at Orapa

The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.

Botswana pulls out of $279 million Norilsk nickel-mine deal

Botswana withdrew its decision to buy a 50 percent stake in South Africa’s Nkomati mine from GMK Norilsk Nickel PJSC because it can’t afford the price tag of just under 3 billion pula ($279 million).

Vancouver diamond junior's Botswana deal falls through

Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.

Analyst downplays Galane Gold’s June profits, company responds

‘Troubles in paradise’ forecast for Botswana’s sole gold miner.

Botswana to keep unprofitable copper miner alive just to save jobs

The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.

Botswana’s economy needs more than diamonds to shine

The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.

Despite the hype world’s second-largest diamond ever found fails to sell

Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.

World’s largest diamond found in 100 years goes under the hammer

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

Botswana's first uranium mine gets environmental nod

Australian company A-Cap Resources (ASX:ACB) is a step further to developing Botswana's first uranium mine, after the government approved its environmental impact statement (EIA).

Anglo American’s De Beers gets a new CEO

Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.

Lucara revenues for first exceptional tender exceed US$51 million

The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.

Botswana Geoscience Portal goes live

Geosoft announced the launch of the Botswana Geoscience Portal, a partnership initiative with the Botswana Geoscience Institute and industry sponsors.

Vancouver co in $30m deal to restart Botswana diamond mine

Tango Mining will use loan from Vanderbilt Commercial to acquire BK11 kimberlite mine and restart operations.

Botswana Diamonds, Alrosa begin exploration in Orapa

Geologists have already started sampling activities on an area located between the Karowe and Orapa diamond mines.

World's second-largest diamond to go under the hammer uncut

The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.

World’s second-largest diamond ever found named ‘Our Light’

Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.

De Beers lowers diamond prices to boost sales

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

De Beers closing another diamond mine, this time in Botswana

Debswana, a 50/50 joint venture between De Beers and the government of Botswana, is set to close its Damtshaa mine and scale down production at Orapa.

Lucara generates strong quarterly cash flow, operating margins

Lucara Diamond Corp. is pleased to report revenues of $90.9 million for the quarter with an operating margin of 88% and revenues of $158.6 million for the nine months to September 2015.

Botswana mines adopt South African online auction mechanism

In a first for Botswana, major mines are now using online auctions to offload unwanted assets and recover revenue. This comes following the extensive success online auctions have experienced in South Africa.