Namib Desert Diamonds buys out Templesman in Namgem

NAMIBIA – State-owned Namib Desert Diamonds (Namdia) paid US$2 million to control a loss-making diamond manufacturing company that was co-owned by businessman Maurice Templesman. Namdia bought into Okahandja-based Namgem Diamond Manufacturing Company – despite lacking the technical capacity to run the factory and has now passed on the management of the company to an Indian entity as a technical partner. Before the acquisition, Namgem was a 50:50-owned company by the state and  Lazare Keplan International, a company owned by 91-year-old American diamond merchant Maurice Templesman. Namdia, which has in the…

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Giyani Metals commences 2020 field drill programme in Botswana

BOTSWANA – Giyani Metals Corp has commenced its 2020 feasibility study field programme for K.Hill manganese project in Botswana Subsequently, the company has appointed a drilling contractor, project management and geological services contractor and their imminent mobilisation. The 2020 Field Programme follows Giyani’s recent successful capital raising, which closed on 18 September 2020. Robin Birchall, CEO of Giyani Metals Corp, commented, “The next step with our feasibility study is to conduct in-fill drilling in order to upgrade the current inferred mineral resource to an indicated mineral resource. We have designed an operational programme…

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Botswana in talks with De Beers to extend diamond sales deal

BOTSWANA – Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April 2020 to replace the current 10-year deal that expired in January. The government wants to see more gems cut and polished within the borders of the world’s second-biggest biggest diamond producer, creating jobs and boosting the state coffers, according to Lefoko Moagi, the minister of mineral resources, green technology and energy security. An agreement is crucial for both parties. Botswana accounts for more than two-thirds of De Beers’ production, while…

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