Namibia’s state-owned railway company TransNamib plans to shift coal exports from Botswana off the road and onto rail by early this year, potentially doubling exports via Walvis Bay port, its CEO said. Land-locked Botswana has sought alternative routes to export its coal as disruption to South Africa’s railway lines impact …
Read More »Botswana President happy with the Botswana-De Beers pact
Botswana and De Beers are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said. An initial ten-year agreement governing terms for the sale of diamonds produced by Debswana Diamond Co — a …
Read More »Botswana further extends its flirtation with De Beers
The current deal between the Botswana government and diamond miner De Beers Group for the selling of Debswana’s supply of rough diamonds has been extended by 12 months until June 30, 2023. The two sides have agreed to the one-year extension to permit the completion of the continuing discussions, De …
Read More »Antwerp turning out to be an important export partner for Botswana diamonds
President Masisi of the Republic of Botswana and the First lady, together with the Minister of International Affairs and Cooperation, Mr Kwape, and the Minister of Minerals and Energy, Mr Moagi, visited the Antwerp World Diamond Centre. Botswana is the second-largest diamond-producing country in the world and has continuously strengthened …
Read More »Ban on Russian diamonds might push prices up to the benefit of rival producers
Botswana, Africa’s top diamond producer, believes a prolonged ban on Russian diamonds will allow synthetic gems to gain market share, according to the country’s minister at a mining conference recently. In April, the United States, the world’s largest market for natural diamonds, imposed sanctions on Russia’s state-controlled Alrosa, aiming to …
Read More »Botswana Diamonds’ Thorny River evaluated for the possibility of developing a diamond mine
Botswana Diamonds’ Thorny River property in South Africa’s Limpopo province has been evaluated for the possibility of developing a diamond mine, according to the company. According to the London-Aim and Botswana Stock Exchange-listed company, the analysis indicates potential opencast options. According to Botswana Diamonds chairperson John Teeling, the evaluation shows …
Read More »Okavango Diamond sells $900m worth of rough diamonds
Okavango Diamond Company sold $963 million of rough diamonds last year, this is according to Dennis Tlaang, a company spokesman who also added that the revenue was the most since the company began operations in 2012, he said. The sales are reportedly Botswana’s state-run record revenue with sales surging almost …
Read More »Botswana Diamonds assessing mining options in SA
Botswana Diamonds has revealed that it is now assessing mining options for the complex, located in South Africa’s northern Limpopo province, adding that it hasn’t yet assessed the potential diamond grade. Shares in Botswana Diamonds soared on Wednesday after the company revealed that its Thorny River project in South Africa …
Read More »Botswana’s blue diamond to exhibit at AMNH
A virtually flawless 20-carat blue diamond from Botswana is featured in a new exhibit at the American Museum of Natural History. The Okavango Blue Diamond, together with hundreds of unpolished natural diamonds, was exhibited at the Mignone Halls of Gems and Minerals on Wednesday as part of a new exhibit …
Read More »Strong production, high volume of ‘specials’ and combined innovative approach strengthened the market for diamond jewellery-Lucara CEO
In the third quarter ended September 30, diamond miner Lucara Diamond Corp’s Karowe mine in Botswana produced 97 412 ct of diamonds, compared to 88 909 ct in the third quarter of 2020. There were 212 “special” diamonds totalling more than 10.8 ct in the production. The recovery of four …
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