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Botswana Diamonds signs strategic agreement

Botswana Diamonds (BOD) has entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana (DESB). Diamexstrat Botswana, in turn has an alliance agreement with Burgundy Diamond Mines. Botswana Diamonds (BOD)’s prospecting assets comprise the recently acquired Sekaka Diamonds Exploration database and Prospecting...
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Somalia Oil agreement past during the civil war canceled

Somalia has a 30 years-long civil war that allowed companies to get deals with the local armed government concerning oil exploitation. A newly promulgated Petroleum Law, takes a dim view of those agreements. It concerned most exploitation agreements of the country. Deals will have to be renegotiate....