Botswana’s vice president says he’s confident that a new buyer will be found for De Beers by the end of the year – and he hinted that the government could substantially increase its own stake, currently 15 per cent.
Botswana’s government signed on Tuesday a long-delayed diamond mining and sales agreement with Anglo American unit De Beers, the world’s leading diamond producer by value.
Botswana’s government is forecasting a recovery in the diamond market later this year, and a consequent expansion of the country’s economy.
De Beers, the world’s leading diamond producer by value, has concluded negotiations with the Botswana government on a new sales agreement and the extension of mining licenses for their joint venture, Debswana, until 2054.
Botswana Diamonds chairperson John Teeling comments that these discoveries, in a few short months, are a major step forward in mineral exploration.
Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding
According to Botswana’s central bank data, sales of rough diamonds at Debswana Diamond Company fell by 49.2%
Diamond exploration company Botswana Diamonds has been granted four prospecting licences – covering just under 2 332 km2 – in the Kalahari of Botswana. The prospecting licences are in the same general area as Gem Diamonds’ Ghaghoo mine, as well as Botswana Diamonds’ own KX36 project. “I am pleased that we have been awarded these … Read more
Botswana’s state-run diamond trader reported record revenue last year with sales surging almost five fold after U.S. imports recovered from a Covid-19 induced slowdown. Okavango Diamond Company sold $963 million of rough diamonds last year, said Dennis Tlaang, a company spokesman. The revenue was the most since the company began operations in 2012, he said. … Read more
The miner has sold Ghaghoo for a fraction of what it cost to build as it fails yet again to diversify away from its Letšeng mine in Lesotho Gem Diamonds has sold its Ghaghoo operation for a fraction of what it cost to build what was Botswana’s first underground diamond mine, as it failed yet … Read more