IDEX Online - Rough Market Rough Market
- Botswana Must Diversify Beyond Diamondson 5 February 2025 at 2:00 pm
Botswana can no longer afford to rely on diamonds to drive its economy, newly-elected president Duma Boko told delegates at a conference in Tanzania. The country must develop new industries, dismantle the state power utility so... that private companies can compete, and increase concessional borrowing.
- Blockade Disrupts Work at Lulo Mineon 4 February 2025 at 7:00 am
Operations at Lucapa's Lulo alluvial diamond mine in Angola are being disrupted by angry locals, who are blockading all entrances to the site. The protest began yesterday (Monday 3 February). It prevents mine workers from entering or leaving...
- Diamond Industry Disappointed by India's Union Budgeton 3 February 2025 at 10:00 am
India's diamond industry failed to secure a much hoped-for relief package in the Union Budget 2025-26 on Saturday (1 February), though it will benefit some of the other measures announced by finance minister Nirmala Sitharaman. There was...
- De Beers Finally Confirms Botswana Dealon 3 February 2025 at 9:00 am
De Beers today (3 February) officially confirmed that it has reached agreement with the Botswana government on a new sales agreement. The joint announcement comes 10 days after the negotiations ended, and more than a week ...
- Botswana and De Beers Finally Sign Dealon 30 January 2025 at 6:00 am
Botswana and De Beers have finally signed the sales agreement that was due for renewal back in June 2023. Botswana's new president Duma Boko said terms were finalized on 24 January, according to a Bloomberg news report. "The issue with...