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“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 2017

Botswana dismisses WB calls to open up on mega diamond mining deals

19 may 2017
Botswana has defended its silence on “mega” diamond mining deals saying that “no country signs transparent agreements”.
Reuters recently quoted World Bank Group consultant Nils Handler as saying that government’s decision to keep the negotiation process around contracts for diamond mining and large integrated projects confidential was a cause for concern.
He said a more open process, including published contracts, would assist Botswana in becoming a more transparent and accountable jurisdiction.
However, Botswana’s minerals and water affairs minister Sadique Kebonang dismissed World Bank’s concerns saying that commercial agreements were confidential by nature because of the sensitive of information they carry.
“We have various representatives from the Ministry, parastatal and private sectors Government and private attorneys and mining experts who are part of government’s negotiating team,” he was quoted as saying by Mmegi newspaper.
“The participation of such parties in the negotiation process renders the negotiation process transparent.”
He also said, “even the World Bank, when they give us loans some details of the loan agreement are kept secret”.
Kebonang said details of the mega mining deals would be made public once agreements had been sealed.
Botswana, according to Reuters, earns 89 percent of its foreign exchange income and 30 percent of national revenues from mining, mainly diamonds.
It had numerous large-scale mining, sales and marketing contracts with De Beers, a unit of Anglo American.
De Beers and Botswana jointly own Debswana and DTC Botswana.
Botswana also owns a 15 percent stake in De Beers.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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