Botswana Diamonds trims losses by 9%

Irish mining company, Botswana Diamonds has reported a near 9% drop in annual losses for the 12 months to the end of June.

The AIM-listed firm — which has a number of diamond exploration licence areas in Botswana and Cameroon — yesterday reported a pre-tax loss of £498,166 (€597,000) for the period; down from a loss of £545,985 for the previous year.

The John Teeling-chaired company is also about to enter what it calls “a high powered phase of exploration”.