Botswana Diamonds PLC shot up by just over a third after encouraging news relating to the Marsfontein mine.
The company said Vutomi, in which it has a 40% stake, has been granted environmental authorisation over a substantial portion of the residual diamond-bearing gravels produced from the Marsfontein mine, which is contiguous to Botswana Diamonds’ Thorny River operation.
Granting of environmental authorisation is a critical step towards obtaining a mining permit.
By: John Harrington (Proactive Investors).
Photo: The Irish Times.
Review: FlagMarkets.