Debswana’s power move to shake mining landscape
Monday, September 26, 2022 | 1880 Views |
Going deeper: Naledi Mining Services will handle the massive Cut 9 contract
Debswana’s recent move to establish its own mining services firm carries echoes of a decision four years ago by one of its shareholders, De Beers, to enter the synthetic diamonds industry, analysts say.
By investing millions of US dollars into producing its own synthetics, De Beers’ powerplay allowed it to bring its considerable financial and technical muscle into an industry that was increasingly imperilling its core business.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...