Diamond attention shifts to Botswana

In an interview with Mineweb, the Managing Director of Tawana, Wolf Marx, said Botswana is one of the lowest-risk countries in the world for exploration and mining and foreign investment.

"There had been a distinct shift in the attention of global diamond investors away from places like Canada and Australia towards Botswana," Marx said. "The success rate in finding commercially viable diamond deposits is second to none, and that includes junior explorers who have had quite spectacular successes. "So I think there will be renewed attention on Tawana and certainly we'll be pursuing the Orapa Project in Botswana and our other Southern African projects very vigorously."In a global competitiveness report released last week by the World Economic Forum, Botswana received its highest ranking in the institutions category which included factors such as legal framework, corruption, dishonesty and property rights.