Botswana’s president denies report of $600 million diamond-backed loan to Zimbabwe
Zimbabwe's secretary in the ministry of foreign affairs was quoted as saying Botswana had offered to lend Zimbabwe $500 million to support its diamond industry.
The 64-year-old American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.
Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"