Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport.
Botswana Mining News
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.
The goal is to extend the Botswanan mine life from 2026 to at least 2036.
Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.
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 aims to recover between 300,000 and 330,000 carats from Karowe this year.
The termination of the agreement will also enable Nornickel to pursue its own strategy for the African assets.
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).
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.
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.
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.
Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.
So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.
Botswana's economy is expected to expand by 4.5 percent this year.
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.
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.
The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.
BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount.
Sparsely-populated Botswana is the world's top diamond producer by value.
Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa’s annual diamond production.
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.
With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.
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.
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.
The rock weighed 327 carats and it is a top white gem diamond.