• Botswana Diamonds Plc (BOD), together with its associate Vutomi has signed an agreement of contract mining and processing with Eurafrican Diamond Corporation (EDC).
  • Eurafrican Diamond Corporation, as per the agreement can mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm, with 25% of the pre-tax revenue from larger stones weighing 10.8 carats or more or valued at more than $8,000 per carat.
  • The company has already received Environmental Authorisation for the Marsfontein project and is expecting to receive the remaining regulatory grants soon.
  • On 24th September 2019, at the time of writing, GMT 08:11 AM, BOD shares were trading at GBX 0.80, up by 0.075 points or 10.34% against the previous day closing price.

 

   
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