https://newsletter.mw.creamermedia.com
Africa|Botswana|Diamonds|Exploration|Financial|Pipes|Resources
Africa|Botswana|Diamonds|Exploration|Financial|Pipes|Resources
africa|botswana|diamonds|exploration|financial|pipes|resources

Botswana Diamonds acquires additional stake in Botswana JV

20th July 2022

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Dual-listed Botswana Diamonds (BOD) has acquired an additional stake in the prospective Maibwe joint venture (JV) in Botswana.

Siseko Minerals has increased its stake in the JV from 29% to 50%. BOD holds a 51.7% stake in Siseko.

The consideration payable by Siseko is P411 800 (equivalent to about £27 215).

Moreover, Maibwe has agreed to pay a royalty to the liquidators of BCL Botswana of 2% from any future commercial development.

Maibwe has 11 prospecting licences with several kimberlite pipes, one of which has reported significant quantities of microdiamonds.

The agreement is subject to several conditions. The completion date is 90 days after the signature date of the agreement.

BOD will fund its share of the consideration (amounting to about £13 600) from existing resources.

Maibwe is effectively dormant and in the last financial period for the year ended May 31, 2020, total assets were nil (with all exploration expenditure expensed) and the loss before tax amounted to about £4 000.

BOD is involved in three diamond exploration companies in Botswana and also holds assets in South Africa.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
Actom
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.132 0.204s - 128pq - 2rq
Subscribe Now