See also:
» 23.02.2010 - Botswana and Zimbabwe irons out difference
» 08.02.2010 - Botswana youth get World Bank funding
» 28.01.2010 - Australia expands relations with Botswana
» 04.06.2009 - Southern Africa gets EPA deal with Europe
» 12.05.2009 - Botswana secures $825 million loan for power plant expansion
» 21.10.2008 - South Africa and Botswana discuss military cooperation
» 26.08.2008 - Botswana private sector to shape foreign policy
» 10.11.2006 - Not wanted: rich, African nations

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development | Politics

Botswana diamond rift ends

afrol News, 22 September - Irish exploration firm, African Diamonds, has suspended legal action against De Beers over plans to get its Botswana AK6 diamond mine into production, after government rejected application for a retention license.

African Diamonds, which owns 28.38 percent in AK06 with De Beers holding 71 percent, today said that it had been informed by Botswana's director of mines that, "retention license applied for by De Beers was not considered and in his view was not formally lodged, as a mining license application was still pending."

This has therefore resulted in negotiations for a mining license for AK06 mine continuing and are expected to be complete by end of month.

Misunderstanding between De Beers and African Diamonds erupted in July over project as De Beers cited potential power issues meant it was not economically viable to develop mine, and sought to delay it by two years.

Both parties also reportedly disagreed on potential marketing of diamonds from AK06.

African Diamonds has announced that it received notification from De Beers that an agreement had been reached with Botswana government to market diamonds through Diamond Trading Company Botswana (DTCB), in a similar fashion to current Debswana production.

Due to these developments, African Diamonds has reportedly agreed to defer court case it brought to Botswana High Court against De Beers, scheduled for today.

"Earlier attempts by De Beers to defer project were rejected by Botswana government. Difficulties with marketing of diamonds have been ironed out," said John Teeling, chairman of African Diamonds.

Mr Teeling was quoted as saying, "African Diamonds is satisfied with new agreement. Final details are now being worked out to enable agreement on terms of a mining license to be completed by 30 September. Our court case is on hold."

At time of going to press, De Beers had not given its response with regards to the matter.

- Create an e-mail alert for Botswana news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Politics news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at