Archive for March 29th, 2007

source: Israelidiamond.co.il
By: Rachel Lieberman
29.03.07 / World

The shareholders of the Diamond Trading Company Botswana (DTC), the Government of the Republic of Botswana and De Beers, have announced the appointment of Brian McDonald as the company’s Managing Director.

McDonald joined DTC in 1970 and he brings considerable experience in diamond sorting, valuing and trading environments. He is currently the Executive Director for Sorting and Purchasing at DTC London. Through his work at BDVC, McDonald is well acquainted with the Botswana labor and commercial environment.

Dr. Akolang Tombale, Permanent Secretary [continue reading]

source: Diamonds.net

By Avi Krawitz

SouthernEra Diamonds acquired a 55 percent interest in the BK16 kimberlite pipe in the Orapa Kimberlite Field in Botswana, giving it a foothold in the world’s wealthiest diamond producing region.

The Toronto-based company said March 28, 2007 it signed an agreement with local company Kenrod Engineering Services, which owns the BK16 prospecting license.

Under the agreement, SouthernEra gains the right to earn up to a 70 percent interest in the project by funding exploration to the completion of a definitive feasibility study.

The agreement has been forwarded to Botswana’s Minister of Mines for approval.

“This development affords us an accelerated entry into the largest diamond producing country by value in the world,” said Alasdair MacPhee, CEO of SouthernEra.

The BK16 pipe is located 40 kilometers east and 12 kilometers north of De Beers’ Orapa and Letlhakane diamond mines, respectively. With De Beers’ Jwaneng mine also in the area, the southern Botswana region is the world’s largest diamond producer by value, accounting for 34 million carats annually.