Botswana Diamonds sees 7% narrowing in losses

Irish mineral prospector Botswana Diamonds has reported a near 7% decline in first-half losses.

The Dublin-headquartered company, which has its shares listed in London, yesterday reported an operating loss of £155,000 (€196,000) for the six months to the end of December; down 6.6% on the £166,000 interim loss reported last year.

The firm’s halfway pre-tax loss was down by 3%, year-on-year, at £161,000. Publication of the results came a day after the company announced that exploration work has begun at the two licences it shares with Russian diamond company Alrosa, in the Orapa region of Botswana.