Caspian Africa, in partnership with Copilot Mining Inc., advances diamond and rare earth element exploration, extraction, and beneficiation through a Gaborone-headquartered joint venture — fully compliant with Botswana mining, corporate, tax, and local-ownership law.
The Botswana joint venture is headquartered in Gaborone with concession activity across the Republic of Botswana. Each site is governed under the Mines & Minerals (Amendment) Act No. 14 of 2024 and operated under documented exploration, environmental, and water-use authorizations.
Gaborone is the principal place of business and on-site management hub for the Caspian Africa / Copilot Mining Joint Venture. The Lead Managing Director represents day-to-day operational interests of the JV and reports to the Board of Directors. Caspian Africa, as controlling shareholder, appoints the Chairperson and a majority of directors.
Role: JV HQ • Corporate & regulatory liaison • License administration • Board & SBLC financing oversight
The joint venture pursues diamond exploration and extraction within concession areas in the Republic of Botswana — one of the world's premier diamond economies. Activities span geological surveys, prospecting, mineral-rights acquisition, and progression toward extraction and beneficiation under board-approved development plans.
Role: Diamond exploration • Prospecting & sampling • Progression toward extraction and beneficiation
In parallel with the diamond program, the joint venture is developing a rare earth element exploration footprint in Botswana — a politically stable, common-law jurisdiction with a long, well-regarded mining heritage. REE outputs target downstream demand from advanced manufacturing, clean energy, semiconductors, defense applications, and high-performance magnets.
Role: REE exploration • Geological surveys & sampling • Mineral-rights acquisition
The joint venture's scope explicitly covers processing, beneficiation, logistics, marketing, and sales of extracted minerals, together with such ancillary activities as the Board approves. Build-out of beneficiation and logistics capacity follows the development of each underlying concession and is sequenced under the JV's annual business plan and budget.
Role: Mineral processing & beneficiation • Logistics & marketing • Approved ancillary activities
Exploration and progression toward extraction in one of the world's premier diamond economies — managed under traceability and ethical-sourcing controls.
Exploration program targeting inputs for advanced manufacturing, clean-energy systems, electronics, semiconductors, defense, and high-performance magnets.
The 2024 Amendment requires mining companies in Botswana to offer a prescribed stake in new concessions to local investors if the Government does not purchase the stake itself. The joint venture's shareholding has been structured to satisfy this requirement, and the parties commit to the steps necessary for ongoing compliance.
Governed by the laws of the Republic of Botswana. Disputes are first referred to senior representatives for 30 days of good-faith negotiation; thereafter, binding arbitration in Gaborone before a 3-arbitrator panel under the rules of the Botswana Institute of Arbitrators. Language: English.