Latest News for: Botswana mining

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UDC, BCP square off again

Mmegi Online 09 Jun 2023
The enmity between the Botswana Congress Party (BCP) and the Umbrella for Democratic Change (UDC) will continue on June 24 when they square off during the Mmaphula East ward by-election in the Palapye constituency ... He worked at BCL from 2000 until 2016 when the mine was closed.
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Ruby gemstone sells for record $34.8 million

Raw Story 09 Jun 2023
It was cut from a 101-carat rough stone discovered in July last year at the Montepeuz ruby mine in Mozambique operated by the Fura Gems company ... Ten carats is really rare ... Sotheby's also sold "The Eternal Pink," a rare 10.57-carat diamond from a mine in Botswana, for the same price of $34.8 million ... .
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Most Expensive Pink Diamond Sells For Record $34 Million In Just 2 Minutes

IFL Science 09 Jun 2023
A pink diamond, described as the “most important pink diamond” to ever come to market, sold for a record-breaking $34.8 million within just two minutes at an auction by Sotheby’s New York on Thursday afternoon ... Mined in 2019 at the Damtshaa mine in Botswana, the diamond has since been fashioned into a cushion cut and set in a ring ... Advertisement ... .
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Record aux enchères pour un rubis géant, 34,8 millions de dollars à New York information ...

Boursorama 09 Jun 2023
Durant la m�me s�ance d'ench�res, "The Eternal Pink", un diamant rose rare de 10,57 carats, issu de l'exploitation d'une mine au Botswana, a �t� vendu pour le m�me prix de 34,8 millions de dollars, soit un record par carat (3,29 millions de dollars) pour une pierre de cette couleur.
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How to get rich from commodities

Economist 08 Jun 2023
Half the world’s diamonds are mined there ... A necessary condition for its rise was the discovery in 1967 of diamonds by De Beers, a mining giant ... Today De Beers reckons that Botswana keeps four-fifths of the revenues from Debswana, their joint mining venture, through taxes, royalties and dividends.
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Botswana, an African success story, looks ever less exceptional

Economist 08 Jun 2023
They used the proceeds from diamond mining to keep public debt low and create rainy-day funds, all the while improving health care, education and infrastructure.\nBut Mokgweetsi Masisi, Botswana’s current president, is questioning the relationship ahead of a deadline of June 30th to renew ties.
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The World’s Most Valuable Ruby Breaks Records at Sotheby’s Auction

New York Observer 08 Jun 2023
The gem was cut from a 101-carat rough crystal mined in the Montepuez mine of Mozambique in July 2022 ... Mined at the Damtshaa mine in Botswana by De Beers, the diamond’s sale has now succeeded that of a 10.64-carat purplish-pink diamond which achieved $19.9 million in 2019.
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World's largest ruby gemstone on auction sells for record $34.8 million

Khaleejtimes 08 Jun 2023
It was cut from a 101-carat rough stone discovered in July last year at the Montepeuz ruby mine in Mozambique operated by the Dubai-based Fura Gems company ... Ten carats is really rare ... Sotheby's also sold "The Eternal Pink," a rare 10.57-carat diamond from a mine in Botswana, for the same price of $34.8 million ... .
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World’s Most Expensive Ruby and Rare Pink Diamond Sell for $35 Million Each

Barrons 08 Jun 2023
Estimates don’t include fees ... The ruby, which was unmounted for the sale, was carved from a 101-carat stone unearthed less than a year ago in a mine owned by Dubai-based Fura Gems ... was cut and polished over six months by South Africa-based Diacore from a 23.78-carat diamond mined by De Beers in Botswana in 2019 ... .
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New govt-backed association to boost SMMEs

Mmegi Online 07 Jun 2023
“A study by BIDPA has indicated that SMMEs contribute up to 75% of private sector employment in Botswana and 20% of national output, however, an enduring concern is that we have failed to diversify our economy from depending on mining and mineral processing,” the minister said.
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South32 hires RBC for Botswana copper bid – source

Mining Weekly 06 Jun 2023
... Khoemacau copper mine, a source familiar with the matter said on Tuesday.
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BCP, UDC accuse Masisi of compromising gov’t/De Beers talks

Mmegi Online 02 Jun 2023
President Mokgweetsi Masisi is on record saying Botswana wants to get the best out of the negotiations with De Beers ... Mining contributes about 35% to GDP, of this, 94% is from diamonds.
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A ‘Dirty’ Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition

Market Watch 01 Jun 2023
She had recently returned from a trip to Finland, having worked with Vancouver-based miner Mawson Gold, exploring new places to mine cobalt in Europe ... Alex Gorman core logging in Botswana ... “It can be intimidating being the only woman in the room,” said mining analyst Gorman, who also worked in copper mining projects in Botswana earlier in her career.
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Botswana confident of new deal with De Beers

Independent online (SA) 31 May 2023
President Mokgweetsi Masisi’s threats to walk away from the negotiations if Botswana fails to secure a bigger share of rough diamonds produced by Debswana, their 54-year-old diamond mining joint venture, have fuelled speculation that the government may end the relationship.

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