Glimmers of hope in mining’s doom and gloom

It’s quite easy to conflate the downturn in diamonds with a slump in the general mining industry. In fact, it’s almost inevitable.

After all, diamonds dominate receipts earned from the mining sector in terms of tax revenues, royalties and dividends to government. The country’s diamond mines have the highest direct and indirect employment figures in the mining sector and are also the main breadwinners in terms of foreign currency receipts.