Articles Tagged "african"

Botswana has got $1.5 mln loan as diamonds dipped

Botswana, the world’s leading diamond producer, secured a $1.5 billion loan from the African Development Bank, the largest-ever budget support given by the bank, following a dip in exports. Donald Kaberuka, president of the African Development Bank, stated: The case of Botswana illustrates the impact that the financial crisis is having on even the best-managed [...]

African Aura reported business combination with Mano River

African Aura Resources Ltd. declared that it has entered into a legally binding Letter of Intent with Mano River Resources Inc. to conclude an agreement to merge, in order to create a leading sub-Saharan Africa focused explorer and producer with substantial iron and gold assets. For full story, click here

Gem Diamonds eyes AK6 Diamond mine

MD of African Diamonds, James Campbell was quoted as saying: We had a general discussion with Clifford and some of the Gem directors. We get on well with Gem and have great respect for their talents and expertise. We recommended that they approach De Beers. For full news, click here