Government

Gaborone, Botswana – In a development that could reshape the diamond mining landscape in Botswana, Botswana Diamonds has announced the discovery of seven potential kimberlite targets through the application of advanced artificial intelligence (AI) technology. The company’s analysis, encompassing a staggering 375,000 kilometres of geophysical data and 32,000 drill hole …

Botswana is actively pursuing the acquisition of a majority stake in De Beers, a move that intensifies a regional contest with Angola over control of the global diamond giant. The nation’s President, Duma Boko, confirmed the strategic intent during his State of the Nation Address on Monday, underscoring the company’s …

Namibia and Botswana are set to significantly expand their economic and development cooperation, finalizing eight new Memoranda of Understanding (MOUs) and agreements on Friday. The instruments, covering key sectors from energy to mining, were revealed at the close of the ministerial segment of the Botswana-Namibia Bi-National Commission (BNC) in Windhoek …

Botswana’s diamond-dependent economy is facing a significant downturn, with the International Monetary Fund (IMF) warning that the slump in the global diamond market is dragging down growth. After expanding by 3.2% in 2023, the economy contracted sharply by 3% in 2024, primarily due to “strong headwinds” facing the diamond industry, …

Botswana and De Beers are scheduled to formally sign new agreements next week, according to a communiqué issued this week. The development comes after conclusion of negotiations focused on the renewal of a sales agreement for the sorting, valuing, marketing and sales of Debswana diamonds and extension of Debswana mining …

On February 20, 2025, the bustling cityscape of Toronto buzzed with excitement as news broke about Premium Resources Ltd., an Australian mining company making waves in the financial markets. Known for its strategic vision and commitment to sustainable mining practices, Premium Resources had announced a significant upsize to its non-brokered …

In a decisive move to reshape Botswana’s diamond-dependent economy, President Duma Boko has announced an ambitious plan to develop new industries, dismantle the state power utility, and increase concessional borrowing. This strategy aims to address the nation’s high unemployment rate and attract private investment, steering the country towards a more …

In a significant development for the global diamond industry, the Government of the Republic of Botswana (GRB) and De Beers Group have successfully concluded negotiations on a new sales agreement for rough diamonds produced by Debswana, their 50:50 joint venture. This landmark agreement, reached after months of deliberation, paves the …

In a recent webinar hosted by blasting experts BME, industry leaders highlighted the transformative potential of the company’s cutting-edge AXXIS™ initiation system. This advanced technology, designed to enhance safety and efficiency in mining operations, is poised to revolutionise the industry. “Mines can save costs while enhancing safety, by applying the …

Botswana’s economy is facing a significant downturn, primarily driven by a prolonged slump in diamond sales, the country’s primary export commodity. Finance Minister and Vice President, Ndaba Gaolathe, has warned that the economy could contract by as much as 1.7% this year. This projected contraction would mark Botswana’s worst economic …