Teeling firm eyes diamond haul in South Africa

Botswana Diamonds, the John Teeling-chaired mineral exploration company, has indicated a potential significant diamond discovery in South Africa.

The Dublin-based prospector, which has its shares listed in London, said that geophysical work carried out on its Thorny River prospect in South Africa may have identified five diamond targets. These, it said, are "likely" to be kimberlites; the igneous rock which can contain diamonds.