Botswana Diamonds chairman increases stake to over 9%
Entrepreneur John Teeling has increased his holding in Botswana Diamonds – the Southern and Central Africa focused diamond and precious metal exploration company. Teeling, who is the Chairman of Botswana Diamonds, acquired 1,000,000 shares (1%) yesterday at a price of 5p. The thinly-traded stock was trading on AIM in London at a fraction over 5p, down from a record high of 8p hit in May.
This takes his holding in the company to 9,494,320 (9.44%). Botswana Diamonds, which listed on the AIM in February of this year, emerged from the takeover of African Diamonds by Lucara, part of the Lundin Mining group. Botswana Diamonds has interests in Botswana and Cameroon.
Mining.com Recommends
Ebola concentrated in Congo mining area, still an emergency — WHO
Fifteen new confirmed cases were reported in North Kivu and Ituri provinces in the week to Oct. 13.
Pangaea ups stake in First Quantum Minerals, shares jump
Pangaea bought an additional 6 million shares, bringing its stake in the company to over 10%.
African lender eyes unloved neighborhoods in mining drive
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry.
Ivanhoe encouraged by rise in palladium prices
The Vancouver-based company announced that the weighted price of the 'basket' of metals contained in the ore at the Platreef project rose to a new, multi-year high.