African Diamonds discover diamond in Botswana

African Diamonds, the Dublin-based mining company, has announced the discovery of a diamond from their drilling program in Botswana.

The company was established to develop diamond mines in Botswana and West Africa and its target is to have a producing mine within three years.

It also has projects based in Sierra Leone, Lesotho and Guinea.

Chairman John Teeling announced that onsite analysis has discovered a good quality 0.11 carat stone.

Shares traded on the London Stock Exchange at £22.75 (€32.43) at 9:20am this morning.