
Botswana Diamonds plc is a diamond exploration and project development company that holds exploration licences in Botswana and Cameroon as well as early-stage diamond licence applications in certain areas of Zimbabwe. In addition, the company has an interest in exploration licenses in the Democratic Republic of Congo as well as a minority interest in Stellar Diamonds plc.
The company's strategy is to have a pipeline of projects in southern and central Africa stretching from early stage diamond exploration to existing late stage development and eventually production. The immediate focus is on the late stage Botswana licences where a conceptual study has identified possible production opportunities and the recently awarded, greenfields stage Cameroon license.
In this business, exploring for diamonds is as adventurous as it gets and in investment terms, its probably the ultimate high risk - high reward play.
But the global demand for diamonds has never been greater than it is today; both for investment purposes and also of late, from the burgeoning demand from the new wealth in the Asian markets.
With such strong fundamentals underpinning demand, MiningMaven will be focusing closely on this sector during 2012. To kick us off, we take a look at AIM listed Botswana Diamonds (LON:BOD) who recently announced their preliminary results for the period to 30th June 2011. We took this opportunity to ask the Management some investor focused questions, in order to bring the company and its projects to the attention of MiningMaven readers:
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