De Beers' mining policy:a return to ambiguity
Friday, March 26, 2010
While it was still operating as a cartel in the 1990s, De Beers maintained buffer stocks and production quotas to support high rough prices. Then, with Supplier of Choice, De Beers supposedly became demand-driven through controlling the downstream behaviour of its Sightholders.
When it proved to be unworkable, the DTC moved to supplying rough in accordance with demand, while maintaining a long-term sustainable pricing policy. During the current crisis, production was slashed and the company managed to prevent a steeper fall in prices.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...