Africa Mining: Botswana Diamonds, Vast to collaborate on Zim diamond mining

Botswana diamonds mineBotswana Diamonds has signed a memorandum of understanding with Vast Resources for the exchange of information derived from past exploration on areas prospective for diamonds in Zimbabwe.

The parties will also establish a jointly owned special purpose vehicle for developing and exploiting diamond resources in Zimbabwe.

ADVERTISEMENT

In 2008, Vast acquired a database relating to diamonds in Zimbabwe and had, until 2010, carried out its own exploration in the field using information from the database.

In turn, Botswana Diamonds independently acquired a Zimbabwe diamond database and, along with the company’s networks, has expertise in diamond exploration, development and mining.

ADVERTISEMENT

Botswana Diamonds chairperson John Teeling commented that Zimbabwe is a country with excellent diamond potential. “Both Botswana Diamonds and Vast have extensive experience in and knowledge of the country.

It is opening for business and both companies are keen to make the most of this opportunity.”source: mining.com

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.