Sunland is no more a JV, it is acquired 100%
Botswana Diamonds acquires remaining 50% of Sunland from Alrosa According to Botswana Diamonds that the company now holds 100% of the equity in Sunland Minerals, having acquired for a nominal sum the 50% previously held by Alrosa as part of the Company's joint venture with Alrosa for the Sunland JV. Initially Botswana Diamonds had 50% of holding & now, acquires remaining 50% of Sunland from Alrosa thus, the Company's 100% ownership allows for a new investor to enter as a new joint venture partner. Obligatory work could begin in the first half 2019 focussing on targets identified in 2018. A potential new investor, itself a large diamond producer with new ideas and keen to find new kimberlites in Botswana, is close to acquiring 50% of Sunland. Naturally, such new investment into Sunland could not be formalised until Botswana Diamonds took title to the Sunland shares. This is now done. The Company anticipates the New Partner stepping into the explorati...