Diamond Growth Opportunities - Bugeco (DRC)

  • AFD owns 35.42% of Bugeco, a private Belgian company with a JV with De Beers.
  • The Congo is one of the last places left in the world that has ‘elephant hunting' potential for high-value discoveries.
  • Bugeco secured 49 exploration licences (17,480 KM2) in Kasai Oriental in June 2003, now reduced to 22.
  • A joint venture was signed with De Beers in May 2005, giving them a 70% option on Bugeco. De Beers carries out all exploration activities in the joint venture area at no cost to Bugeco.
  • Two new high interest kimberlite clusters have been discovered with a number of new kimberlite pipes showing the existence of micro-diamonds.
  • The pipes will be bulk sampled in 2008

http://www.bugeco.com     (External link)








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