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Botswana Zimbabwe
Botswana Denies Zimbabwe Loan Report
The president of Botswana has repudiated claims that thecountry planned to loan Zimbabwe $600 million to support its diamond industry and private sector. Last week, Zimbabwe’s media quoted its secretary of foreign affairs and...
Rough Markets Mar 03, 2019 Rapaport News
Botswana 150
Botswana’s Rough Exports Drop in 1H
Exports of rough diamonds that De Beers mined in Botswanadeclined 2.5% to $1.67 billion in the first half of 2018, according to data thenation’s central bank released this week. Shipments fell 6% year on year to $758.1 million in thesecond quarter,...
Rough Markets Aug 02, 2018 Rapaport News
Jwaneng
S&P Upbeat Amid Flat Botswana Exports
Stable demand for Botswana’s rough diamonds resulted in flatexports in the first quarter of 2018, according to recent data. Outbound shipments for the January-to-March period slid lessthan 1% to $911 million, from $912.6 million last year,...
Rough Markets May 02, 2018 Rapaport News
Botswana Rough Exports Fall in 2017 150
Botswana’s Rough Exports Drop
Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the...
Mining Jan 31, 2018 Rapaport News
Botswana Orapa Debswana De Beers mine Botswana
Diamonds Fuel Moody’s Botswana Optimism
Moody’s has maintained its credit rating for Botswana,citing the nation’s strong fiscal position and expectations of growth for thediamond sector. The ratings agency reaffirmed the country’s “A2” ratingfor long- and short-term...
Mining Dec 18, 2017 Rapaport News
Jwaneng Mine, Botswana
Diamond Rebound Prompts Botswana Upgrade
Standard and Poor’s (S&P) has raised Botswana’s economicoutlook from negative to stable, citing an upturn in the diamond sector.“The recovery in diamond production and prices has improvedBotswana’s external and fiscal performance,” the ratings agency...
Mining Oct 31, 2017 Rapaport News
De Beers Sorting
Diamond Trading Drives Botswana Growth
Botswana’s gross domestic product (GDP) grew 4.3% in 2016, mainly due to an improvement in the nation’s diamond trade, the Bank ofBotswana said last week.An increase in wholesale activity by diamond companies operating in Botswana,such as De Beers’ Global...
Rough Markets Jun 27, 2017 Rapaport News
Jwaneng Mine, Botswana
Mining Outlook Weighing on Botswana Growth
Botswana cannot rely on diamonds for economic growth even ifproduction remains stable because mining is getting more expensive and thepopulation is increasing, economists warned.“It would be a mistake to assume that ‘business as usual’ isa viable approach...
Mining Aug 16, 2016 Rapaport News
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