China slowdown dims Botswana�s minerals prospects
Tuesday, November 10, 2015
Sluggish: Demand for diamonds in he second half of 2015 is expected to be worse than the 2008 crisis
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).
‘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...