Botswana’s State-owned Okavango Diamond Company will start selling diamonds to contracted buyers next month, as it diversifies its sales channels under the government’s new deal with De Beers, MD Mmetla Masire said.
Botswana has enforced a new rule requiring mining companies to sell a 24% stake in new concessions to local investors if the government chooses not to buy the stake, its mines ministry.
Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises.
State trader.
Democratic Republic of Congo President Felix Tshisekedi said on Monday that a US-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President Donald.
Botswana’s president aims to complete a deal to take a majority stake in De Beers by the end of next month, even as his administration and other potential buyers continue negotiations with.
Maman Soki is among a small group of Congolese women undertaking heavy mining work for survival after escaping a deadly attack on her village by Islamic State-alligned rebels that killed her daughter.
Anew chapter in Guinea’s economic future is finally unfolding, as the West African nation sees the world’s largest undeveloped high-grade iron-ore deposit, Simandou, come to fruition.
Guinea’s Minister for Planning and International Cooperation,.
The resurgence of resource nationalism, particularly in West Africa, has emerged as one of the discussion points on the first day of the Africa Down Under (ADU) conference in Perth, with officials,.
Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to boycott lectures after not getting the.
Uganda has inaugurated its first large-scale gold mine, a $250-million Chinese-owned project in the country’s east that will also refine the bullion to 99.9% purity, according to a statement from the president’s.
