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Botswana Pins Economic Hopes on Diamond Rebound, Diversification Drive

Botswana’s economic fortunes are predicted to improve in 2025, with a projected growth of 3.3% following a sharp contraction in 2024. Finance Minister Ndaba Gaolathe, in his budget speech, attributed this optimism to the anticipated recovery of the global diamond market, the cornerstone of the nation’s economy. However, he also …

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De Beers, Botswana billed to sign new agreements

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 …

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Sandfire’s Motheo benefit from economies of scale

Australian mining company Sandfire says its Motheo mine continues to redefine the potential of the Kalahari Copper Belt. According to the company’s latest update, Motheo mine has reduced its unit cost guidance, as it benefits from greater economies of scale and a further contraction in treatment and refining charges. “Following …

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