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28 Oct 2019 | 09:54

Botswana Diamonds' associate Vutomi Mining granted permit for Marsfontein mine

Botswana Diamonds said its associate Vutomi Mining had been granted a mining permit for the Marsfontein mine.

Vutomi had partnered with Eurafrican Diamond Corporation (EDC) to mine and process the identified deposits on both Marsfontein and Thorny River, the company previously announced. 'EDC has commenced with site establishment and commissioning is expected to commence within the next two weeks with production ramping-up once commissioning is complete. Cash flows from Marsfontein will be used to fund ongoing exploration work in Botswana and South Africa,' the company said.

At 9:54am: (LON:BOD) Botswana Diamonds PLC share price was +0.15p at 1.25p

Story provided by StockMarketWire.com
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