Government extends Diaval Ltd contract :: Mmegi Online

Government has extended Diaval Limited contract as their preferred Diamond valuer by a further three years, while the market is still in the dark about the outcome of last year's sales agreement negotiations between government and De Beers.

According to the Public Procurement and Asset Disposal Board (PPADB) notice, published on Tuesday, the Ministry of Minerals, Energy and Water Resources' tender to directly appoint Diaval Limited for a period of three years from the 1 January 2011 to 31 December 2013 to provide diamond valuation services to the government of Botswana was approved.

The ministry last extended the company's tender 18 months ago when it submitted a US$9.5 million (P65 million) tender to the PPADB which was approved in June 2009 translating to a fee of P3.6 million a month, a figure that has been labelled too pricey by industry watchers.

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Government extends Diaval Ltd contract

Government has extended Diaval Limited contract as their preferred Diamond valuer by a further three years, while the market is still in the dark about the outcome of last year's sales agreement negotiations between government and De Beers.

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