Results suggest potential for increased production at lower operating costs starting in 2023.

The deal is necessary for the Debswana Mining Company, jointly held by De Beers and the Botswana government, as it provides the country with around two-thirds of its foreign exchange.

A 10% stake was "not sufficient" to determine Mopani's future, Mines minister said in a statement.

The world’s No. 1 producer is cutting prices for larger stones by almost 10% starting this week.

Country gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates.

The company, which has long endorsed the purchase of cobalt from industrial mines, is now backing a new initiative to support informal miners instead.

Japaul has obtained licenses to mine gold, lead, nickel and copper.

Midday Friday, Tajiri’s stock was up 15% on the TSXV.