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Botswana Diamonds (BOD), the UK-based explorer, says it is seeking joint venture opportunities to seek out new assets in Zimbabwe and South Africa in the new year. Speaking of Zimbabwe, John Teeling, chairman of BOD, said in a trading update: “There are significant geological opportunities in the country. The objective is to find a formula, which suits all parties.”
Chairman says mineral exploration has ‘gone out of fashion’ as Botswana Diamonds reports £716,000 annual loss
Declaring a slight -0.09% loss on the GBX in 2022, Botswana Diamonds (BD) remains optimistic regarding their latest strategy of acquiring existing lots from former mining exploitations. This year alone the company has increased its stake to 50% in the Maibwe joint venture by acquiring a stake from the liquidator of BCL in Botswana, and then landed an acquisition deal of the KX36 discovery from Sekaka Diamonds (a subsidiary of Petra Diamonds) which contains substantial quantities of diamonds.
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