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Botswana JV Data

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  • African Thunder Announces First Concentrate Shipment 2015-04-29

    PORT LOUIS, MAURITIUS--(Marketwired - April 29, 2015) - African Thunder Platinum Limited ("ATP" or the "Company") is pleased to announce that it has commenced shipping platinum group metals ("PGM") concentrate from its Smokey Hills mine, located in the Limpopo Province, South Africa.

  • African Thunder Announces Acquisition and Restart of the Smokey Hills PGM Mine 2015-03-26

    PORT LOUIS, MAURITIUS--(Marketwired - March 26, 2015) - African Thunder Platinum Limited ("ATP") is pleased to announce the completion of the acquisition of certain South African PGM assets. ATP has been funded by a consortium of experienced mining investors, Aberdeen International ("Aberdeen"), and Pala Investments ("Pala"). Aberdeen and Pala have become shareholders of ATP. Macquarie Bank Limited will also shortly become a shareholder of ATP.

Botswana JV Information

  • General 2015-05-10
    In Botswana, which is one of the most prospective countries in the world for new diamond discoveries, DiamondCorp has entered into an exploration joint venture with exploration company Geoperspectives (Pty) Limited. The project covers PL71 totaling 30km², containing five identified kimberlites. DiamondCorp can earn a 77.5% interest in the project by completing a definitive feasibility study on at least one of the kimberlites by June 2014. PL71 is located approximately 8 kilometres south-east of De Beers' Jwaneng Mine, the largest diamond mine in the world by revenue. Within PL71, ground gravity and magnetic surveys over J-01, J-05 and J-12 were completed in 2009 and revealed 10 hectare, 4 hectare and a 45 hectare kimberlite targets for drilling. Two vertical drill holes have been established to test for the presence of kimberlite at depth in J-01. Both holes intersected calcretised kimberlite under just 20 metres of sand, weathered kimberlite at about 40 metres and fresh kimberlite from 70 metres to the end of the holes at 300 and 340 metres. Initial diamond drilling will start on J05 and J-12 in the second half of 2010. Depending on the results, the kimberlites will then be prioritised for large diameter drilling and bulk testing in 2011.

Related News

  • DiamondCorp mulls possible sale, merger of Lace mine 2016-10-18
    As mining resumes at the Lace diamond mine, dual-listed DiamondCorp on Tuesday said it is considering a merger or the outright sale of the embattled Free State-based asset. Last week, mining at the diamond mine was halted under a Section 54 notice, while the third party it was in advanced discussions with for an urgent £500 000 convertible debt facility had withdrawn after DiamondCorp suffered adverse share price movements on the JSE and LSE.
  • DiamondCorp looking to raise further finance amid issues with Lace ramp-up 2016-10-12
    Due to various matters underground, the firm cannot drill enough metres in a month to generate more than around 15,000 tonnes of blasted kimberlite
  • Operational challenges hamper DiamondCorp production in August 2016-09-13
    Aim-listed DiamondCorp on Tuesday said the diamonds yielded at its Lace mine during August remained of a high quality, despite operational setbacks during the month. Four stones larger than 10 ct were recovered, including a 12.7 ct diamond that will be sold in October.
  • Lace mine back on track after two-week suspension 2016-08-10
    Commercial mining at the Lace diamond mine has achieved the planned rate of 30 000 t/m from the first block on the 310 m level of the upper K4 (UK4) block after a successful production restart last month, Aim- and JSE-listed DiamondCorp said on Wednesday. The Free State-based operation will deliver its first full month of commercial production and processing of kimberlite mining in August after a two-week shutdown in July caused by a fall-of-ground accident in a development tunnel.
  • DiamondCorp marks first sale from Lace mine 2016-04-05
    Dual-listed DiamondCorp has marked another milestone as it develops its 74%-owned Lace diamond mine, in the Free State. The last week of March saw the diamond mining, development and exploration company kick off the first sale of kimberlite diamonds from the mine since 1931 through a combination of direct sales and competitive tenders, with all lots on offer sold.

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