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Diamond prospects sparkle in Southern Africa.

Botswana Diamonds, the London AIM-listed miner has issued an upbeat report over its joint venture with Alrosa's exploration results. Chairman John Teeling commented: "We have identified a number of new targets which are in an area known to be prospective for diamond-bearing kimberlites. One will be drilled in September this year while at the same time further work will be undertaken ... three further anomalies have been identified which are highly promising and will be defined in the coming months. This is what we hoped from our collaboration with Alrosa. New eyes, new ideas and new techniques bringing a fresh approach to exploring the best diamond region in the world."

Paragon Diamonds is also optimistic over its prospects. The Lesotho-focused diamond development and production company says its report is based on 300 carats recovered during its 2012/13 bulk sampling programme at Lemphane.

The company now anticipates uncovering 100 carats of diamonds for every million tons processed at the site, and that around 12% of the carats will be diamonds over nine carats.

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Title Annotation:BUSINESS BRIEFS; Botswana Diamonds and Alrosa
Publication:New African
Article Type:Brief article
Geographic Code:6SOUT
Date:Jul 1, 2014
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