Diamond

Diamond Rush: Botswana Unearths AI to Hunt for Hidden Gems

Botswana Diamonds, a leading diamond explorer, is on the cusp of a technological revolution. They’ve announced plans to leverage the power of Artificial Intelligence (AI) to sift through their vast geological database, potentially leading to a treasure trove of new diamond discoveries. This unprecedented move marks a significant shift in …

Read More »

Lucara Unearths Stellar Diamonds at Karowe Mine

Lucara Diamond Corp. (TSX: LUC) has unearthed a treasure trove of diamonds at its Karowe Mine in Botswana, further solidifying its position as a leading producer of high-quality gems. The company announced the recovery of several impressive stones, including a magnificent 320-carat diamond, a 111-carat gem-quality stone, and two additional …

Read More »

Lucara’s Strategic Partnership with HB Antwerp to Revolutionise Stability in a Dynamic Market

In an effort to continue its excellence performance, Lucara Diamond Corp has unveiled a new diamond sales agreement with HB Group based in Antwerp, Belgium, concerning all qualifying diamonds over 10.8 carats from its Karowe Diamond Mine in Botswana. This 10-year partnership promises a pricing structure that combines cutting-edge technology …

Read More »

De Beers Doubles Down on Angolan Diamonds: Seeking New Prospects, Polishing Processing

Diamonds are forever, and De Beers, the world’s leading diamond producer, seems to agree. In a move echoing their namesake gemstone’s eternal sparkle, the company has signed a trio of agreements with Angola, marking a significant return to the African nation after a decade-long absence. This strategic partnership signals De …

Read More »

BOD expands its ownership of Botswana JV to 50%

Botswana Diamonds (BOD), a company with dual listings, has added to its position in the potential Maibwe joint venture (JV) in Botswana. Siseko Minerals has expanded its ownership of the JV from 29% to 50%. 51.7 percent of Siseko is owned by BOD. Siseko is required to pay P411 800 …

Read More »

New detailed Debswana sales agreement, mining licences signed

Government authorities and De Beers Group have signed heads of terms for the new ten-year sales agreement for Debswana’s rough diamond production through to 2033. The signing ceremony held on the independence day celebration also included the 25-year extension of the Debswana mining licences through to 2054. According to the …

Read More »

Mining of dumps, exploration ongoing at Marsfontein project

Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa, the company says exploration, including drilling and geophysics in the mine area, has identified a blow of between 5 …

Read More »

Sale of rough Botswana’s diamonds fall by 17%

The sale of rough diamonds at Botswana’s Debswana Diamond Co fell 17% in the first six months of the year, data released by the central bank showed, amid a weak market underpinned by global macroeconomic uncertainty. Debswana, a joint venture of Botswana and Anglo American Plc’s unit De Beers, sells …

Read More »

New De Beers deal will help Botswana access more diamonds and help it secure development funding

A new deal Botswana signed this month with De Beers will give it access to more diamonds and help it secure 10 billion pula ($762 million) in development funding, President Mokgweetsi Masisi said in an interview. The 10-year arrangement between the gem giant, a unit of Anglo American Plc, and …

Read More »

De Beers reach an agreement

Botswana and De Beers Group have agreed to a new diamond sales deal in which the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said …

Read More »