Strong gains seen in rough diamond prices
Friday, October 15, 2010
"We have seen a rapid recovery and prices are back to pre-crisis levels," Harry Kenyon-Slaney, chief executive officer of diamonds and minerals at London-based Rio, said in an interview with Bloomberg. "What we see going forward is a long decline in production and a significant growth in demand."
Diamond miners are struggling to keep pace with growing consumption in emerging economies as older mines are exhausted and producers lack new discoveries.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....