A tale of two sectors

Friday, December 20, 2013

While by their nature, energy and mining enjoy a symbiotic relationship, both being capital intensive and mutually inclusive economic sectors, 2013 demonstrated that their fortunes can be poles apart.

The mining sector was generally robust during the year, with the flagship diamond industry exporting P25,1 billion Botswana-produced stones by October, compared to P23,2 billion for the full year 2012.

The diamond industry also came full circle with the relocation of Diamond Trading International from London and the commencement of total De Beers’ group diamond sales from Gaborone in November. The milestone now means Botswana now boasts all stages of the diamond value chain from production to polishing to jewellery manufacturing.

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A tale of two sectors

While by their nature, energy and mining enjoy a symbiotic relationship, both being capital intensive and mutually inclusive economic sectors, 2013 demonstrated that their fortunes can be poles apart.