February 25, 2009

Diamond Dilemma in Botswana

Botswana is moving ahead with plans to build a state-of-the art diamond cutting facility — at a time when declining diamond sales are threatening the jobs of thousands of miners.

Government officials see the facility, which will expand the types of diamond processing in Botswana, as a path to economic diversity, reports The Voice of Francistown.

Even as the officials rave about the possibilities of the high tech diamond park, its Debswana Diamond Company — a joint venture with South Africa’s De Beers Group — is meeting with the mine workers union to discuss mine closings and layoffs throughout the country.

Worldwide diamond sales are down in the face of the global recession, and Botswana’s economy is hurting.

Diamond mining is Botswana’s economic mainstay, and the source of most of the country’s funding for development and public health.

–Ronnie Lovler/Newsdesk.org

Sources:

“Botswana: Job Losses as Diamonds Lose Their Lustre”
IRIN (United Nations), February 9, 2009

“Botswana: Phase One of Diamond Technology Park Launched”
The Voice (Botswana), February 10, 2009

One thought on “Diamond Dilemma in Botswana

  1. The recession is having side effects all round the world, with alarming news of job cuts which is terrible. Botswana has been doing with its diamond but due to less buyers of diamods and this gonna affect a lot of families. It was going to be better if minning companies emerged.