Botswana Diamonds To Receive Cash For Interest In DRC Concession

Botswana Diamonds will receive approximately $340,000 from the liquidation of its interest in Bugeco, a private Belgian company which held an interest in an exploration concession in the Democratic Republic of Congo (DRC).

The funds will be used to help finance the firm’s exploration program in the Orapa area of Botswana in a joint venture with its partner Alrosa, the Russian diamond company.

Botswana Diamonds reported last week that it received five new prospecting licenses (PLs) in the Orapa region.

The PLs are high priority target areas for firm and cover a total area of 1,357 sq km.