Dublin diamond explorer receives six new licences in Botswana

Government awarded permits that cover area of 4,319sq km for period of three years

Photograph: iStock
Photograph: iStock

Dublin-based Botswana Diamonds has been awarded six licences to search for diamonds in two regions of Botswana.

The publicly quoted diamond explorer said on Wednesday that the Botswana government awarded the six licences for a period of three years. Together, the licences cover an area of 4,319sq km in the Central and Kgalagadi districts, colloquially known as the Kalahari.

Founded by executive chairman John Teeling, the former owner of Cooley Distillery, the Irish company has licences in both Botswana and South Africa.

Licences renewed

The government in Botswana has also renewed four existing licences owned by the company covering a total of 1,406sq km for a period of two years. An environmental study is in progress which will lead to drilling at some targets in this region.

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But given that a state of emergency has been declared in Botswana – and a lockdown from April 2nd for a period of 28 days – work will only begin on the licences at the end of this month at the earliest.

Peter Hamilton

Peter Hamilton

Peter Hamilton is a contributor to The Irish Times specialising in business