A look at the day’s major movers, starting with Water Intelligence and Botswana Diamonds.
Revenues rose 34% to US$24.7mln in the first nine months of 2019 from US$18.5mln in the same period of last year.
Profit before tax year-to-date has been “comfortably in-line with expectations”.
The permit covers the diamond bearing gravels and residual unprocessed stockpiles surrounding the mine and has been awarded to Vutomi Mining, in which Botswana Diamonds has a 40% stake.
The site establishment has already kicked off and commissioning is expected to commence within the next two weeks with production ramping-up once commissioning is complete.