Bonte Koe Data
Bonte Koe Information
General 2015-05-10Bonte Koe primarily processes gravel from De Beers' Namaqualand mine on contract. The Bonte Koe mine covers an area of approximately 2,500 hectares along the Buffels River in Namaqualand, a region that has been a significant diamond producing area for the past 40 years. Mining operations in the area have produced an estimated total of over 3 million carats, with an estimated current value of over $750 million. The Buffels River area produces diamonds with an average size of approximately 0.4 carats per stone and a value of over $200 per carat. In 2006, Royal Gems entered into an agreement with De Beers to develop a new mining operation around Bonte Koe to exploit deposits on the Buffels River over which De Beers holds mining rights. Under the terms of the agreement, Global Gems will use the plant and infrastructure at Bonte Koe to process gravel mined by De Beers on a toll-treatment basis. The agreement with De Beers is very significant for Royal Gems as it provides the Company with assured revenue and cash flow for the duration of the Buffels River project. The operation is expected to provide Royal Gems with average annual revenue of approximately £3.5 million and operating profits of £2 million.
Nearby Location News
Teck Announces Acquisition of Securities of Jet Gold 2016-08-31
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.
Xtract gets major discount on OâKiep acquisition 2015-05-20Aim-listed Xtract Resources has successfully renegotiated the deed of assignment for the acquisition of the O'Kiep copper sulphide tailings project, in the Northern Cape, which would result in a reduced cash payment of $2.88-million, a 28% reduction from the initial $4-million payment. Xtract would pay resource- and technology-based growth company Mineral Technologies International an immediate $250 000 in cash and a further $125 000 cash payment by May 26, as part of the acquisition.
Operations Update 0000-00-00Market News alert Xtract Resources plc