Botswana Diamonds unit to sell 256 carats from South Africa project
The diamonds to be sold by Vutomi, in which Botswana Diamonds holds a 40% interest, are expected to generate short-term cash flow to further develop he Thorny River project.
Parliamentary committee found "serious discrepancies" between what diamond companies claimed to have paid in local taxes, and what the government said it had received.
The proposed end to the licensing system marks something of retreat for Beijing which has made many attempts to wrest control over pricing away from the major producers.
One of the greatest prizes in all of mining, perhaps the world, is the iron mountains of Simandou in Guinea, half of which was given away by a former dictator of the West African nation for free.
While the real and rand continues to weaken significantly, the Australian dollar is staging an impressive comeback and dealing damage to Rio Tinto and BHP.