1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Ghaghoo sale falls through, but Botswana Diamonds remains hopeful of a future deal

By:  
Features Deputy Editor and Chief Photographer
 
DIAMONDS
Aim- and BSE-listed diamond explorer Botswana Diamonds reports that, despite intensive advanced and ongoing discussions with interested parties, its board has been unable to secure a new joint venture (JV) partner to acquire the Ghaghoo mine before the extended long-stop date of May 10. The share sale agreement with Gem Diamonds for the sale of its wholly-owned subsidiary Gem Diamonds Botswana, which owns the Ghaghoo mine, has, therefore, lapsed.

 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register