Botswana Diamonds looking to enter Zimbabwe

Joshua Freedman

Botswana Diamonds is in talks to begin exploration work in Zimbabwe after a previous project in the country failed to materialize, management said last month.

Zimbabwe has excellent potential to be a significant diamond producer,” chairman John Teeling commented December 8 in the company’s annual results announcement. While a joint venture with UK-based Vast Resources “came to nothing,” the company is “now actively involved in discussions on a possible entry,” Teeling added. “Whether this happens or not will depend on the ground offered and on the joint-venture terms.”

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Source Rapaport