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Dolat Ventures, Inc. (DOLV)

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Dolat Ventures, Inc. (DOLV) Board

                                                                                               2251 N. Rampart Blvd., Suite #115
                                                                                       Las Vegas, NV 89128
                                                                                       TEL 702-751-3560
                                                                                       EMAIL: or

  Market Value1 $142,172 a/o Oct 29, 2015
  Authorized Shares 500,000,000 a/o Oct 13, 2015
  Outstanding Shares 83,630,586 a/o Oct 13, 2015
  -Restricted Not Available
  -Unrestricted Not Available
  Held at DTC Not Available
  Float 21,032,785 a/o Oct 13, 2015
  Par Value 0.001




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.

Mining in Sierra Leone

Political History

Sierra Leone has been a major diamond producer for 70 years, but it has one of the lowest Gross National Products in the world. Civil war ravaged the country from 1991 to 2002, primarily over the distribution of wealth from the country's diamond mines. In October 1999, the U.N. Security Counsel established the United Nations Mission in Sierra Leone (UNAMSIL) to help implement disarmament.

At the beginning of July 2000 the United Nations Security Council decided to impose an 18 month ban on diamond exports from Sierra Leone. Recognizing that diamonds had been fueling the conflict that the rebels had been mining diamonds and selling them to fund their weapons purchase and other activities, including human rights abuses. Additionally, in July 2001, a diamond mining ban was announced in Sierra Leone in an attempt to address the violence and curb human rights abuses.

UNAMSIL successfully completed its mission in December 2005. It was succeeded by a new mission, the United Nations Integrated Office for Sierra Leone (UNAMSIL) established by the Security Counsel to help consolidate peace in Sierra Leone.

Mining History

Diamond output in Sierra Leone was 600,000 carats in 1999, 2000, and 2001, 250,000 in 1998, and 400,000 in 1997; most production was by artisanal miners. It was believed that a substantial portion of the diamonds close to the earth's surface was smuggled out of the country. Alluvial diamonds, first discovered in Kono District in 1930, were widely scattered over a large area, but particularly along the upper Sewa River. The main diamond deposits were the Koidu and Tongo fields. Diamond Works Ltd., of Canada, which owned 60% of the Koidu mine (reserves of 2.67 million carats), announced in 2001 that it was returning to Sierra Leone. Diamond Works also held diamond exploration licenses on the Sewa River with reserves containing 1.7 million carats. Production of alluvial gold in 2001 was 30 kg, down from 123 kg in 1994.

For 25 years, the Sierra Leone Selection Trust (SLST), a subsidiary of the Consolidated African Selection Trust, had exclusive diamond prospecting rights and gave the government 27.5% of its annual net profit. However, this monopoly, plus numerous finds of gem diamonds at or close to the surface, encouraged so much illicit mining and exportation that, in 1955, the government renegotiated SLST's concession, limiting it to two areas, Yengema, in Kono District, and Tongo, in Kenema District, and compensated the company for surrendering its rights in other areas.

In 1956, the government introduced the Alluvial Diamond Mining Scheme, in which Sierra Leoneans were issued licenses to dig in declared areas totaling more than 23,300 sq km (9,000 sq mi). In addition to a licensing fee, each licensee had to pay land rental to the local chiefdom authorities and could employ up to 20 diggers. A buying organization, the Government Diamond Office (the Government Gold and Diamond Office since 1985), was set up in agreement with the Diamond Inc., in London. Foreigners, who had figured significantly in illicit diamond dealing, were removed from the diamond-mining areas. In 1962, the government ordered the SLST to sell all its diamond through the government office. In 1970, the government acquired a 51% interest in SLST and formed the National Diamond Mining Co. (NDM).

In 1991, the government started returning control of diamond and gold export activities back to the private sector, to curtail illicit trading and maximize revenues. New mining policy in 1994 made requirements for licensing miners and exporters more rigid, to address the heavy revenue losses from illegal trading in diamonds and gold. NDM ceased operations in 1992, partly because of rebel activities in the Yengema mining district.

A 1999 amendment to the 1994 Mines and Minerals Act introduced procedures for sale and export of precious minerals by license holders, and penalties for unlawful possession or smuggling of precious minerals. In 2001, Sierra Leone and Angola introduced a diamond certification scheme in response to UN sanctions aimed at prohibiting importation of diamonds from rebel-controlled areas in the countries.

Current Status

Currently, the mining business in Sierra Leone includes about 2,500 small operations.
In 2007, Sierra Leone officially exported over $175 million worth of diamonds, government records show. That is a vast improvement over the $24 million officially exported in 2001, before stringent new rules known as the Kimberly Process required diamond deals to be certified by the authorities.

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.

Dolat Ventures Inc. Moves Forward With Private Investment into Diamond Mine Assets


Operating Subsidiary Millenium Mining Expects to Increase Production through Joint Venture

Business Wire 
Dolat Ventures Inc. December 9, 2014 9:00 AM

Dolat Ventures Inc. (OTC PINK: DOLV) announced today that it has completed a corporate restructuring and that Millenium Mining LLC its wholly owned subsidiary has signed a joint venture partnership with a private investor to restart diamond mining at its mining location near Bo, Sierra Leone. The joint venture will be financed by private funds, for the purpose of dredging, mining, continuing exploration and collecting and selling diamonds, and other deposits and Millenium Mining will put forth its mining license with all landowners in the Tikonko Chiefdom into the joint venture.

“It has been a long time, but we are finally ready to move from artisanal mining on the Sewa River, to full scale diamond production and automation,” said Dovid Hauck, Chief Executive Officer of Dolat Ventures and Millenium Mining. “Historically where we are located we have averaged approximately 0.4 carats per ton of rock, with a daily average of six to ten tons of production per day by artisanal mining when in production. By being able to fully dredge, get the modern equipment needed, and fully automate we will expect to process up to 800-1000 tons of rock per day. We have been mining here for nearly eight years and we know the carat concentration averages are fairly steady, the business is built on being able to process large amounts of rock every single day,” he added.

Dolat's Millenium Mining is located in the Sewa River, located in the heart of Sierra Leone, formed by the junction of the Bagbe and Bafi rivers; it flows 150 mi (240 km) to join the Waanje River and form the Kittam, which empties into the Atlantic Ocean. The country's most important commercial river, it has historically produced the bulk of Sierra Leone's diamond exports.

Mr. Hauck noted, “Our investing partner is committed to the full range of financing needed for the project and we expect to be able to announce full details shortly. We presently are finalizing Sierra Leonean legal agreements, with the US based joint venture agreements already signed.”

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#5090  Sticky Note *** CONSOLIDATED DOLV DD 6-29-2016 *** MIKEY501 06/29/16 08:52:59 AM
#3040  Sticky Note $DOLV 3 Months Chart $Pistol Pete$ 05/27/16 10:17:44 AM
#2676  Sticky Note The NEW DOLV DD Wishful Thinking 05/24/16 08:25:20 PM
#5462   ANY DAY NOW, RIGHT? LOL! Inthe203 10/21/16 08:47:38 PM
#5461   $DOLV Technical Analysis $Pistol Pete$ 10/19/16 09:07:43 PM
#5460   MORE SOLD TODAY! Inthe203 10/19/16 08:24:50 PM
#5459   "ANY DAY NOW" - ANY DAY... LOL Inthe203 10/15/16 08:01:58 PM
#5457   Nothing but crickets from this company.....actually highly doubt shuler 10/12/16 11:20:55 AM
#5455   any day now! LOL Not! Inthe203 10/11/16 07:42:03 PM
#5454   but... but... "ANY DAY NOW" .. so Inthe203 10/07/16 11:59:32 PM
#5453   "Any Day Now" :) 7 months later. Inthe203 10/07/16 11:56:54 PM
#5452   Can't wake the dead. shuler 10/05/16 01:51:34 PM
#5451   $DOLV .0002s hitting. MIKEY501 10/05/16 11:09:39 AM
#5450   Needs news here bad. MIKEY501 10/05/16 10:11:13 AM
#5449   Wake up DOLV $ Goodwills 10/05/16 10:10:32 AM
#5448   When did that happen? I don't see anything DojiMan 09/28/16 11:38:05 AM
#5447   SOMEONE SOLD 9 MILLION SHARES?!?!? Inthe203 09/28/16 12:21:05 AM
#5446   But.... but.... "ANY DAY NOW", shuler!!! Inthe203 09/24/16 02:10:35 PM
#5445   And so ends another week of ...........nothing. shuler 09/23/16 10:39:45 PM
#5444   This will go in the grays soon. :( Inthe203 09/22/16 07:41:39 PM
#5443 worries here. I can wait a long SRV1975 09/21/16 08:00:22 PM
#5441   Yah.... right...... "Any day now" ... I've seen Inthe203 09/21/16 07:57:56 PM
#5440   Don't think I would hold my breath in anticipation. shuler 09/21/16 07:34:25 PM
#5439   How we doing here? Just waiting on some SRV1975 09/21/16 01:10:29 PM
#5438   SOON TO CELEBRATE 1 YEAR with DOLV Inthe203 09/19/16 07:51:15 PM
#5437   Who is putting the cursed sixes up there? Unas1001 09/15/16 03:05:00 PM
#5436   "ANY DAY NOW" has been typed for nearly Inthe203 09/14/16 07:23:46 PM
#5435   NEVER!!!!! OTC Knight 09/14/16 01:39:36 PM
#5434   Im going to run you out of patience MIKEY501 09/14/16 01:39:06 PM
#5433   Why would anyone sell 0001s when updates can OTC Knight 09/14/16 01:38:25 PM
#5432   Someone please sell me some .0001s! MIKEY501 09/14/16 01:37:29 PM
#5431   We need news here Mikey OTC Knight 09/14/16 01:37:04 PM
#5430   Agreed, obvious pump and dump. Toxic Avenger 09/14/16 05:25:50 AM
#5427   I'm standing with an open mouth SlowTRD 09/13/16 02:55:10 PM
#5426   I am on the bid as well :) MIKEY501 09/13/16 02:53:57 PM
#5425   Just do it, I'm waiting to get it SlowTRD 09/13/16 02:53:25 PM
#5423   I would press the sell button right MIKEY501 09/13/16 02:37:15 PM
#5422   I highly doubt it. There's nothing here shuler 09/13/16 02:35:40 PM
#5421   Prob not. Best plan is to dump your MIKEY501 09/13/16 02:33:14 PM
#5420   Is this POS ever gonna move? OTC Knight 09/13/16 02:31:31 PM
#5419   I disagree! The aftermath of the good LivingTheGoodLife 09/08/16 05:52:56 PM
#5418   They have already done just what you posted. shuler 09/08/16 04:55:22 PM
#5417   Well I have a partial filled bid waiting SlowTRD 09/08/16 02:34:26 PM
#5416   Hi SlowTRD, IMHO, the sales are not LivingTheGoodLife 09/08/16 01:48:42 PM
#5415   There is someone buying here Yesterday 14mm, today another SlowTRD 09/08/16 12:20:06 PM
#5414   If this company was a fraud, the company LivingTheGoodLife 09/08/16 12:00:22 PM
#5413   Name 2...? Amievil 09/08/16 11:30:49 AM
#5412   Same ol' Story from the FRAUD playbook Inthe203 09/08/16 11:13:32 AM
#5411   Cheers buddie! See you around. MIKEY501 09/07/16 02:49:16 PM
#5410   I couldn't take it anymore and sold. Took Cheesesteak_Lover 09/07/16 02:44:10 PM
#5409   Go DOLV $ Goodwills 09/07/16 08:48:25 AM
#5408   I'm on the bid trying to get .0001s MIKEY501 09/07/16 08:03:39 AM
#5407   EXACTLY. Inthe203 09/07/16 12:42:13 AM