Blockchain platform for sustainability compliance revitalized

“Wilson” kimberlite is the first new kimberlite found at Gahcho Kue in 20 years.

The diamonds to be sold by Vutomi, in which Botswana Diamonds holds a 40% interest, are expected to generate short-term cash flow to further develop he Thorny River project.

BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa.

The international group says sales of polished diamonds below 0.50 carats are slow due to excess supply, weak Chinese demand and tight Indian liquidity.

The Ministry of Energy, Northern Development and Mines issued 10 exploration permits to the junior miner.

Two ministers met with captains from the Indigenous tribe, however, activists say their complaints against the environmental and social impacts of the Orinoco Mining Arc tend to fall on deaf ears.

The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.

During its operation, the Victor mine yielded roughly 8.1 million carats of diamonds.

The project is located 100 kilometres north-northwest of the Ring of Fire nickel and chromite deposits.