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Africa: Why Continent Bleeds Diamond Revenues
DW, 20 February 2023
Africa holds mineral wealth with diverse commodities that are sought after the world over. In the diamond industry, revenues elude local communities despite multilateral… Read more »
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Namibia: Low Demand for Diamonds Persists
Namibian, 18 August 2020
DIAMOND production is expected to fall further in 2020, negatively impacting government revenue and export earnings. Read more »
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Congo-Kinshasa: DR Congo Could Lose U.S.$3.7 Billion in Skewed Mining Deals
East African, 24 May 2021
Democratic Republic of Congo leader Félix Tshisekedi is seeking a review of some mining contracts with foreign companies as a lobby warns that the country will potentially… Read more »
Bleeding Revenue - Why Africa is Rich in Diamonds but Still Poor
Africa holds mineral wealth with diverse commodities that are sought-after the world over. In the diamond industry, revenues elude local communities despite multilateral certification measures. In diamond-rich parts of Africa, the revenue generated from mineral extraction does little to improve of the quality of life of the people who live in those countries, with Botswana being the only exception. Instead of uplifting communities through mineral riches, many people find themselves stuck in a vicious cycle of exploitation and abuse, Neusa E Silva writes for Deutsche Welle.
As one of Africa's major natural resources, diamonds are supposed to be helping transform Africa and the lives of its people. However, according to data from the African Diamond Council, smuggled rough diamonds of African provenance account for an estimated 28% to 32% of total African diamond production earnings.
InFocus
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Deputy Chief Secretary to the President and Cabinet, Martin Rushwaya set up an offshore shell company in the Seychelles which was used to trade in diamonds while serving as defence ... Read more »
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Thaba Telle Mining Company became the first locally-owned company to be awarded diamond mining rights in Lesotho. The Chief executive officer, Lehlohonolo Nthontho, says the firm ... Read more »
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Round diamonds worth an estimated U.S.$140 million have reportedly disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe ... Read more »
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Miners in Botswana have uncovered what could be the third largest diamond of its kind in the world. The 1,098-carat diamond was unearthed on June 1, 2021 by Debswana, a joint ... Read more »
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In a new study on ethically-responsible jewellery-buying, the group Human Rights Watch sounds an alarm over the effects of the novel coronavirus on small-scale miners, and suggests ... Read more »
A file photo of the pit at the Premier Mine, Cullinan, Gauteng, South Africa. The mine was the source of the 3106 carat Cullinan Diamond, the largest diamond ever found.
