Saturday, July 15, 2017
Mosman Oil and Gas has invested $ 308,000 in a Canadian junior exploration company, GEM International to search for diamond deposits in Angola.
GEM has signed an option to purchase a 42-percent share of prospective diamond area Dala (Dala) in Angola, 25 kilometers south of the Catoca mine (Catoca).
Catoca, which is partially owned by Russia's Alrosa, the Angolan diamond company Endiama and other firms, is the fifth largest diamond mine in the world.
The Mosman statement said that the project Dala diamond mine is at an early stage of development. It is possible to detect both alluvial and kimberlite diamond deposits.
"While the board of directors continues to evaluate opportunities to acquire oil and gas assets in the GEM investment has become a turning point in the development of the company's Board of Directors believes that the GEM share in the diamond project Dala has the potential to bring good results.", - said chairman of the board of directors of Mosman Dzhon Barr (John Barr).
The total area of Dala project is 3000 square meters. km. Thus, it is the largest of the available license areas for diamond concession in the framework of the Code of mining resources of Angola (Angolan Mining Code).
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Kimberley Diamonds announced that it has begun development of a diamond mine Lera (Lerala) in Botswana open way.
The company said Monday that construction of the processing plant will be completed this week, and its re-commissioning is expected to begin later this month.
The first sale of diamonds is scheduled for June, the statement said Kimberley.
The Kimberley said that the construction of the expanded tailings also began last month and is on schedule, after which it will be put into operation this month.
In March, a conveyor system transporting dry tailings was completed and launched this year.
Kimberley has provided contract mining company Basil Read Botswana last February.
Lera at the mine is expected to process 1.4 million tonnes of ore mined 357,000 carats per year.
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