China slowdown dims Botswana�s minerals prospects

Sluggish: Demand for diamonds in he second half of 2015 is expected to be worse than the 2008 crisis
Sluggish: Demand for diamonds in he second half of 2015 is expected to be worse than the 2008 crisis

International demand for Botswana’s mineral dominated by diamonds, copper and nickel will remain comparatively weak in 2016, given forecast of a further slowdown in China’s economic growth, an international authoritative economic report predicts.

China is the second largest consumer of diamonds while it is the top buyer of   commodities such as copper and coal.

According to the report compiled by the Economist Intelligence Unit (EIU), the impact of the softening in international demand was already evident in the first half of 2015, with Botswana’s earnings from rough diamond exports falling by 16.8 percent year-on-year to $1.7 billion (P17.6 billion).

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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