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WORLD-RENOWNED diamond exploration and project development company, Botswana Diamonds plc (BOD) has acquired shareholding in a Special Purpose Vehicle (SPV) created by London-listed junior miner, Vast Resources, that will enable the firm to realise its dream of participating in Zimbabwe’s diamond sector.
The agreement will see BOD, which has licences in Botswana and South Africa, coming in as a consulting partner in the development of the Chiadzwa Community Diamond Concession in the Marange Diamond Fields.
BOD’s partnership with Vast provides critical expertise needed to rapidly process exploration and development in Chiadzwa, especially regarding extraction of kimberlitic gems, which are deep seated.
ALL SHARE
The All Share index further advanced by 0.26 points 0,11 percent to close at 240.63 points. Cassava Smartech added $ 0,0724 to $ 1,4949, MEIKLES advanced by $0,0600 to close at $2,2000 and Old Mutual Limited went up by a further $0,0474 to $34,5142. Masimba Holdings also increased by $0,0370 to $0,2230 and First Mutual Properties was $0,0195 firmer at $0,1600.
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