The management team at Botswana Diamonds have a proven ability to identify attractive diamond prospects and develop them into valuable assets. The team was part of the successful discovery and eventual sale of the Karowe diamond mine by African Diamonds for $90 million. Lucara Diamond Corp bought Karowe in 2010. The mine is now one of the world’s leading producers of high value stones.
The team developed West African Diamonds which later merged into Stellar Diamonds for $6 million value.
Botswana Diamonds (BOD) was formed when Karowe was sold. It took the exploration interests from African Diamonds. The Company was admitted to AIM in February 2011 having been spun out of African Diamonds plc, on its sale to Lucara Diamond Corp.
In 2013 BOD created a 50/50 joint venture with Alrosa, the mining giant, to explore in Botswana using Alrosa technology and people, and BOD licences. Results are beginning to flow in 2015.
The founders have a long track record in exploration and in Africa having established numerous stock exchange listed companies including:
· Minquest – Acquired by Arcon
· African Gold – Now Mwana
· African Diamonds – Acquired by Lucara
· Pan Andean – Acquired by Petrominerales
· West African Diamonds – Acquired by Stellar