The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.
Botswana Mining News
Here are the top 10 diamond mines in terms of output in carats and value.
Quarterly revenues were about half of the revenues posted in the year-ago quarter.
The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.
Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.
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.
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.
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.
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 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).
Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.
‘Troubles in paradise’ forecast for Botswana’s sole gold miner.
The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.
The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.
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.
CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.
The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.
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).
Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.
The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.
Geosoft announced the launch of the Botswana Geoscience Portal, a partnership initiative with the Botswana Geoscience Institute and industry sponsors.
Tango Mining will use loan from Vanderbilt Commercial to acquire BK11 kimberlite mine and restart operations.
Geologists have already started sampling activities on an area located between the Karowe and Orapa diamond mines.
The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.
Canada's Lucara Diamond had launched a a competition to name the rock earlier this year.