BCL liquidation poser for Botswana diamond exploration JV :: Mmegi Online

Diamond explorer and project developer Botswana Diamonds (BOD)is weighing its options in resolving the corporate governance issues relating to its Maibwe joint venture (JV) exploration project, in the emerging diamond province of Gope, in Botswana, says managing director, James Campbell.

The Maibwe JV consists of a block of ten licences, which are located in the Central Kalahari region of the country. The JV partners include Botswana government-owned nickel and copper producer BCL (51% ownership stake), local Botswana group Future Minerals (20% ownership stake) and private South African venture Siseko (29% ownership stake), in which BOD has a 51% ownership stake.

Therefore, BOD has a net 15% interest carry through its exploration work in the project. Four kimberlites containing diamonds were discovered in 2015 by BCL, which is the majority shareholder and operator. However, BCL is currently in provisional liquidation.

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BCL liquidation poser for Botswana diamond exploration JV

Diamond explorer and project developer Botswana Diamonds (BOD)is weighing its options in resolving the corporate governance issues relating to its Maibwe joint venture (JV) exploration project, in the emerging diamond province of Gope, in Botswana, says managing director, James Campbell.

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