Overview of Company
Dove Diamonds & Mining was formed to prospect for, mine, extract, cut, polish, buy, sell, export, handle and otherwise deal in diamonds and other precious stones, gold, platinum and all other precious metals in Sierra Leone. The Company intends to mine an area of the Sewa River known as the “Baimbawai Pool,” located in the Tinkonko Chiefdom in the southern part of Sierra Leone. The Sewa River is an internationally known alluvial diamond river, which has produced gem class quality diamonds.
The Mining Site and The Mining Agreement
The Company has chosen to mine the Baimbawai Pool in the Sewa River based on its belief that it will produce gem quality diamonds. The principals within Dove Diamonds previously mined this area from 2003 to 2007. The Baimbawai pool is owned by individuals from two villages, Gandorhun and Njala, located on either side of the river. On January 26, 2008, these five individuals entered into an agreement with Dove Diamonds allowing the Company to dredge, mine and explore this land. The five individual landowners (the “Landowners”) have agreed to allow the Company to use its license to mine this land.
Mining License
On August 31, 2005, the government of Sierra Leone principals of Dove Diamonds, a license to mine minerals in a certain area in Sierra Leone pursuant to the Sierra Leone Mines and Minerals Act of 1996 (the “Mining License”).
Current Operation
Our goal is to become a full service diamond operation; to mine, refine and sell diamonds.
Operational Goal
We employ local people to work the Baimbawai Pool. Any diamonds currently mined are sold in the rough conditions in which they are found. We sell these diamonds in Sierra Leone and around the world. We are currently in this phase now with 85 current miners and two dredges in current operation.
Future Production
We will purchase an additional two dredges (for a total of four) to triple our gravel production. We will hire an engineer to bank the river and to bring the water levels down to the point where we will be able to dredge twelve hours per day, twelve months per year. As in Stage II, we intend to purchase rough diamonds from third parties. Our plan is to establish our own cutting facility and wholesale office, so that we can cut and sell our diamonds and those we purchase. We expect that this would offer a new income stream and greater profits.
Company Info
Mining Sierra Leone Diamonds
Dove Diamonds & Mining is currently mining an area of the Sewa River known as the “Baimbawai Pool,” located in the Tinkonko Chiefdom in the southern part of Sierra Leone. The Sewa River is an internationally known alluvial diamond river, which has produced gem class quality diamonds.