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Showing posts with the label Zimbabwe diamonds

Positive wind to Zim Diamond Policy

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ZCDC held workshop  on Diamond Policy Diamond mining giant, the Zimbabwe Consolidated Diamond Company (Pvt) Ltd (ZCDC) has hit the ground running into 2019. Following the promulgation of the Diamond Policy having been announced in December 2018, ZCDC recently held a strategic workshop to align its strategies to the tenets of the Diamond Policy. This policy will see ZCDC entering into joint ventures with strategic partners to mine diamonds for the benefit of the nation by meaningfully contributing towards the fiscus. The diamond policy will regulate the diamond sector and ensure accountability in the mining, processing and selling of the precious minerals. The policy will see only ZCDC, Murowa Diamonds and two other companies, yet to be approved by the government, undertaking diamond exploration and mining in Zimbabwe. The policy will cover all stages of diamond value chain including exploration, processing, valuation, marketing, beneficiation, value addition, securi

Marange diamond fields open access

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Botswana Diamonds is Ready to riding high! Zimbabwe , an exciting opportunity has been acquired in the Marange Diamond Fields in Zimbabwe. A special purpose vehicle (SPV) has been established with Vast to develop diamond ventures in Zimbabwe. Vast has exclusive access to the Hermitage Concession (Block T1A) in Marange. Initial work done has identified several targets for placer deposits, as well as potential for the older conglomerates mined elsewhere in the area. Botswana has an initial 13% interest which could rise with subsequent funding. The first US$1m funding will be supplied by Vast. According to John Teeling, Chairman - Botswana Diamonds about the Marange Future, “ In better times for junior explorers we believe Botswana Diamonds would be riding high, getting access to the Marange diamond fields, anticipating a new partner in Sunland seeing progress on the Maibwe Project and receiving revenue and working towards a maiden resource at Thorny River. Ther

60 mn cts recovered from Marange!

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Initial assessment of the T1A concession in The Marange Diamond Fields of Zimbabwe Botswana Diamonds announces that it and Vast Resources (Vast) have received a preliminary geological assessment of the Heritage Concession for Block T1A, within the Marange Diamond Fields of Zimbabwe. Vast has a due diligence access agreement and pre-agreed joint venture terms on the Heritage Concession and as announced on 4th October 2018, BOD has entered an agreement with Vast under which BOD will be engaged on due diligence, exploration, mining and marketing on the Heritage Concession. Key focal points are, 1: Potential for modern alluvial placers, 2: Possibility for older conglomerates & 3: Next steps are to carry out geological Mapping of the concession and hopefully advance to a trial mining programme.   John Teeling, Chairman, commented, “We have completed a desktop assessment of the Heritage (T1A) Concession in the Marange Diamond Fields.  This assessment has outlined signifi