De Beers to Switch Its Diamond Trading Activities to Botswana From London
Bloomberg reported De Beers has agreed to move sorting and trading of the gems to Botswana by the end of 2013.
Articles Tagged "botswana"
Botswana World’s Top Diamond Producer in 2010
The Economic Times reports Botswana is the world's biggest rough diamond producer by value in 2010.
Redpath Clinches R67m Contract
Mining Weekly reports Gem Diamonds (LON:GEMD) has awarded a R67-million contract to Redpath South Africa.
Lucara to List in Botswana
Mining Weekly reports that Canadian diamond company, Lucara (CVE:LUC) will list on the Botswana exchange.
Botswana Diamonds PLC- Update on Exploration Activities in Botswana
Mineweb reports that Botswana Diamonds PLC (LON:BOD) focus is to refine the grade per ton and value per carat of diamonds.
Diamond Exploration Hotspots
Diamonds are expected to be a hot commodity over the long term, which will likely spur exploration, and there are at least three countries that have significant potential.
Botswana Diamonds to Start $1 Million Bulk Sampling Program
Mining Weekly reported that Botswana Diamonds (LON:BOD) will begin an 11,000 ton bulk sampling program in Botswana's Orapa region.
Botswana, Namibian Rail Line Could Cost $9 Billion to Build
Bloomberg reported that a proposed rail line linking Botswana to Namibia's Walvis Bay could cost $9 billion.
Lifespan of Jwaneng mine to be extended beyond 2024
Mining Review.com reports that the Jwaneng diamond mine, one of the richest diamond mines in the world, will likely have it's lifespan extended beyond 2024. The mine is equally owned by de Beers and Botswana.
Job Cuts Continue In Diamond Sector
De Beers is set to cut jobs in Botswana, which might send a shiver down the diamond industry's spine, but India has made clear its intention to source diamonds directly from Botswana. Better sense has prevailed, and Botswana has recognized that it would be wise to diversify the sellers of its famed diamonds, rather than just go through De Beers.
