Botswana’s Debswana Diamond Mining is seeking permission to extend the lifespan of its Jwaneng mine and increase its production by 50 million carats. The joint venture (JV) between De Beers and the Southern African country’s government wants to deepen the pit to 830 metres which...
Glencore will assume a 75% stake in Chevron’s Southern African assets after agreeing a US$973 million acquisition deal. The transaction means Glencore will secure its first major refinery in Africa in line with its aim to expand through strategic acquisitions, which comes after inking a near...
Lucara Diamond Corp (TSE:LUC) has sold the world’s second largest diamond ever recovered to UK jeweller Graff Diamonds for US$53 million. The 1,109-carat stone named Lesedi La Rona was found by the Canada-based firm in November 2015 at its Karowe mine in Botswana and is also...
A countdown has begun for Lucara Diamond Corp (TSE:LUC) to find a buyer for the world’s second largest diamond, before it will be compelled to form a partnership in order to sell the giant stone. Chief executive William Lamb said the Vancouver-based miner is considering one...
A-Cap Resources (ASX:ACB), the Australian mining company, is a step closer to realising Botswana’s first uranium mine after it received governmental approval for its environmental impact statement (EIS). The approval represents a major milestone for the flagship Letlhakane uranium mine, which according to the company is...
Tango Mining (TSX:TGV) has announced a US$30 million loan agreement to restart operations at the BK11 Kimberlite Diamond Mine in Orapa, Botswana. The Canadian junior will receive the funds from US lender Vanderbilt Commercial Lending which will provide the capital to acquire and restart the...