Govt rejects De Beers' retention licence application

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The Botswana Government has rejected De Beers's application for a retention licence in the proposed AK 6 diamond project developed by Boteti Exploration, a joint-venture company between BSE-listed African Diamonds and De Beers, Business Today has been reliably informed.

But in an unexpected move, the government has agreed that diamonds from AK 6 will be marketed through the Diamond Trading Company Botswana (DTC Botswana) along with other Debswana production. The government had initially preferred auctioning on the open market.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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