Botswana firm eyes Zim gems

01 Dec, 2019 - 00:12 0 Views
Botswana firm eyes Zim gems

The Sunday News

WORLD-RENOWNED diamond exploration and project development company, Botswana Diamonds plc (BOD) has acquired shareholding in a Special Purpose Vehicle (SPV) created by London-listed junior miner, Vast Resources, that will enable the firm to realise its dream of participating in Zimbabwe’s diamond sector.

The agreement will see BOD, which has licences in Botswana and South Africa, coming in as a consulting partner in the development of the Chiadzwa Community Diamond Concession in the Marange Diamond Fields.

BOD’s partnership with Vast provides critical expertise needed to rapidly process exploration and development in Chiadzwa, especially regarding extraction of kimberlitic gems, which are deep seated.

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