Minister of Natural Resources of Botswana Onkokame Kitts Mokaila (Onkokame Kitso Mokaila) stated the need for greater effort on the part of all members of the diamond industry to address the problem of low operating efficiency.
The conference "Botswana Resource Sector" in Gaborone Minister said that the government is closely monitoring the ongoing challenges in commodity markets and volatility, and is ready to render all possible assistance in each case.
"The final segment of the diamond industry should participate in global marketing initiatives for the current generation could become a long-term user of diamonds is necessary to promote a new advertising campaign." True - rarely. Genuine - a diamond "-. Adds Mokaila
diamond market Weakening impact negatively on the economic performance of Botswana.
Diamond exports provide about one third of its GDP, 80% of export revenues and 40% of budgetary revenues.
Mokaila noted that the negative situation in the diamond market was caused by China's slowing economic growth and a further decline in the profitability of diamond mining operations, as well as the deepening of the existing mines and opening of new diamond projects in more remote regions of the world.
He also said that, not Motrya on a difficult period, the diamond industry has to "take into account the fact that the commodity markets has long characterized by cycles of rise and fall."
"forecasts a number of sources, and many market participants suggest that commodity prices will continue to remain under pressure until 2017, and in the years 2018-2022 they will moderately increase, "- the minister said.
" So we need to focus on optimizing processes, increasing the added value and reducing risks, as well as to increase the stability of diamond mining operations in. One way to achieve these goals is the beneficiation of diamonds to create a competitive advantage, "- he concluded.
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Lucara Diamond reported the discovery of a 1111-carat diamond quality IIa diamond at the Karowe mine in Botswana.
The stone found at the southern end of the mine is the world's second largest diamond of quality and the largest, obtained by modern mining methods, added to Lucara.
"This historic find has put Lucara and the Karov mine on a par with the world's exclusive diamond producers," said William Lamb, CEO, "The importance of discovering a diamond of a jewelry quality weighing more than 1,000 carats, the largest in more than a century , And other finds of quality diamonds on the southern share of the mine, it is difficult to overestimate. "
He also added that the company will continue to mine at the southern end of the mine, Which is "above all expectations and perfectly balanced in terms of the recent commissioning of a modified processing plant, which allows the company to produce very large and high-quality exceptional diamonds."
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