Botswana Mining News

Lucara finds largest uncut diamond in recent history in Botswana mine

The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).

Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana's state-run Okavango Diamond Company has unveiled what is believed to be the largest blue diamond ever discovered in the southern African country.

Cupric Canyon secures financing for Khoemacau project in Botswana

A $565m funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.

Botswana Diamonds finishes drilling at Thorny River project

Next step is obtaining necessary regulatory approvals to start bulk sampling at the South African project, which is expected during the second quarter of the year.

Lucapa Diamond cuts debt related to building Mothae mine

The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of the Lesotho-based mine, which began commercial production in December.

De Beers, Botswana to expand world's richest diamond mine

The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.

Botswana's Debswana targets diamond output of 24 million carats in 2019

Debswana lifted diamond output by 6% to a four-year high of 24.1 million carats in 2018.

Lucapa finds fourth +50 carat diamond at Mothae mine in Lesotho

While the 83.9 carat rock was not gem-quality, Lucapa says the find continues to underline the large-stone nature of the kimberlite resource.

Botswana sees lower mineral revenues in 2019

Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.

Botswana's president denies report of $600 million diamond-backed loan to Zimbabwe

Zimbabwe's secretary in the ministry of foreign affairs was quoted as saying Botswana had offered to lend Zimbabwe $500 million to support its diamond industry.

Botswana offers Zimbabwe $600m in loans — report

Zimbabwe's diamond sector has struggled since the government kicked out private companies from the eastern Marange fields.

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.