marsfontein gravels14 Jan 2023 12:28
Just a reminder about the contract -
Marsfontein Mining Contract Signed
Botswana Diamonds ("BOD") is pleased to announce that, together with its associate Vutomi (BOD interest 40%), it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation ("EDC") to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm.
The agreement gives EDC a contract for the mining and processing of the identified deposits on the Marsfontein Mining Permit, with 25% of the pre-tax revenue from larger or high value "Special Stones" (any stones weighing 10.8 carats or more or valued at more than $8,000 per carat) and 15% from the standard "Run of Mine") stones accruing to Vutomi.