Monday, September 19, 2011

De Beers, Botswana, Diamonds

Botswana produces 21% of global diamond output
2/3 of De Beers output

Govt has 15% of De Beers JV in Botswana
Govt wants to have the right to sell 10% of diamond mined in the country
Currently De Beers is selling everything
US$480mn revenue from Diamonds - 2010 for Botswana

1 comment:

Dennis The Menace said...

I like the holding company anglo american Symbol {AAUK} they own De beers. The company also has substantial holdings in gold silver mining companies along with many investments related to natural resources and commodities.