Zimbabwe, Botswana set to sign diamond deal – report
GABORONE – Zimbabwe is reportedly set to sign a diamond processing deal with Botswana within the next three months, after President Emmerson Mnangagwa met with his counterpart, President Ian Khama, this week in Gaborone.
According to the state-owned Herald newspaper, Mnangagwa was in Botswana on a state visit.
Mnangagwa toured the world renowned Diamond Trading Company (DTC) that would assist Zimbabwe in polishing, cutting and valuing its diamond.
The DTC is regarded as the world's most sophisticated diamond sorting and valuing hub. Its arrangement with Zimbabwe would likely see the southern African nation sending its vast diamond to Botswana for processing, cleaning and polishing before being sold.
The move would see the country's diamond make better returns than their current price of $50 per carat, the report said.
Zimbabwe lost more than $15-billionn in diamond revenue over a ten-year period.
In February 2016, ex-president Robert Mugabe made headlines after revealed that diamonds worth billions of dollars were looted in the eastern mining area of Marange.
Mugabe said at the time that the state treasury received less than $2-billion.
Mugabe's revelation prompted the country's opposition parties to call for a thorough investigation into the disappearance of the diamonds.
Movement for Democratic Change spokesperson Obert Gutu said at the time that the disappearance of the diamonds was "very astounding and startling".
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation