Safdico’s Angolan diamond deal recognised as 2021 ‘game changer’
Thursday, January 06, 2022 | 4960 Views |
In 2020, DeBeers sightholder, Safdico, entered into an arrangement with fast-rising diamond miner, Lucapa Diamond Company, for an opportunity to purchase up to 60% of that company’s annual production at its Angolan mine.
Under the deal, Safdico buys, cuts and polishes a portion of Lulo Mine’s production with the two partners sharing profits from the eventual sale of the stones. The deal was seen as significant as it marked the first time a diamond cutting and trading firm outside the De Beers group, secured supply from outside Botswana.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...