Diamond – Mining Weekly reported Fluor Corporation (NYSE:FLR) on Wednesday said it had completed the $500-million infrastructure and plant upgrades at Debswana’s Jwaneng Cut 8 mine, in Botswana.
Diamond – Mining Weekly reported mining expansion is due to be completed in March 2012 in Botswana says Debswana.
Diamond – Reuters reported De Beers signed a new 10-year contract for a joint venture with Botswana to sort, vault and sale diamonds from Debswana.
Diamond – Diamonds are expected to be a hot commodity over the long term, which will likely spur exploration, and there are at least three countries that have significant potential.
Diamond – Mining Weekly.com reports that Jim Gowans has been named jointly by De Beers and the Botswana government as MD for Debswana
De Beers is set to cut jobs in Botswana, which might send a shiver down the diamond industry’s spine, but India has made clear its intention to source diamonds directly from Botswana. Better sense has prevailed, and Botswana has recognized that it would be wise to diversify the sellers of its famed diamonds, rather [...]
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