De Beers Applies for New Botswana Mining License
October 01, 07
Boteti Exploration has applied for a mining license for the AK06 deposit, situated approximately 15 km south west of Letlhakane, Botswana. Boteti is a joint venture between De Beers (66.22%), African Diamonds (28.8%) and Wati Ventures (5.4%).
Operations are expected to commence during the last quarter of 2009, De Beers said in a release. De Beers Prospecting Botswana discovered the site.
The mine will be an open pit operation. The current life of mine is estimated at 10 years, with an average annual production of approximately one million carats.